HKG:0956 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	18,423	19,715	21,288	20,231	18,467	16,104
Other Revenue	115.96	115.96	83.89	50.59	93.94	34.18
Revenue	18,539	19,831	21,372	20,282	18,561	16,138
Revenue Growth (YoY)	-9.01%	-7.21%	5.38%	9.27%	15.01%	28.99%
Operations & Maintenance	104.92	104.92	45.9	-	-	-
Selling, General & Admin	696.71	701.71	666.49	713.52	663.09	678.56
Provision for Bad Debts	-1.21	-1.21	3.39	11.71	-9.97	21.92
Other Operating Expenses	14,295	15,159	16,599	15,068	13,234	11,183
Total Operating Expenses	15,342	16,235	17,691	16,165	14,314	11,955
Operating Income	3,197	3,596	3,681	4,117	4,246	4,182
Interest Expense	-1,068	-1,068	-1,239	-1,088	-1,235	-1,229
Interest Income	345.84	345.65	182.24	405.19	320.4	320.21
Net Interest Expense	-722.66	-722.85	-1,057	-682.7	-914.87	-908.43
Currency Exchange Gain (Loss)	-5.06	-5.06	-3.88	-11.89	-6.49	0.47
Other Non-Operating Income (Expenses)	27.43	2.81	-25.56	-9.55	-19.32	-12.08
EBT Excluding Unusual Items	2,497	2,871	2,594	3,413	3,306	3,262
Impairment of Goodwill	-82.29	-82.29	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-3.16	-
Gain (Loss) on Sale of Assets	0.68	0.73	0.62	-6.9	-2.57	-11.75
Asset Writedown	-401.83	-401.83	-307.33	-114.14	-38.67	-7.04
Insurance Settlements	0.12	0.12	0.01	2.81	-	-
Legal Settlements	121.18	121.18	0	4.19	-	-
Other Unusual Items	34.27	34.27	59.21	69.52	33.68	27.71
Pretax Income	2,169	2,543	2,347	3,368	3,295	3,271
Income Tax Expense	478.35	529.22	446.33	634.08	477.37	416.61
Earnings From Continuing Ops.	1,691	2,014	1,900	2,734	2,818	2,855
Minority Interest in Earnings	-103.24	-187.58	-227.99	-526.81	-525.07	-559.64
Net Income	1,587	1,826	1,672	2,207	2,293	2,295
Preferred Dividends & Other Adjustments	17.82	17.82	14.39	53.56	61.04	93.89
Net Income to Common	1,570	1,809	1,658	2,154	2,232	2,201
Net Income Growth	-11.55%	9.21%	-24.24%	-3.71%	-0.11%	51.93%
Shares Outstanding (Basic)	4,293	4,213	4,187	4,187	4,187	3,850
Shares Outstanding (Diluted)	4,295	4,214	4,187	4,187	4,187	3,850
Shares Change (YoY)	2.63%	0.64%	0.00%	-	8.76%	1.78%
EPS (Basic)	0.37	0.43	0.40	0.51	0.53	0.57
EPS (Diluted)	0.37	0.43	0.40	0.51	0.53	0.57
EPS Growth	-14.07%	8.42%	-22.36%	-3.77%	-7.02%	50.50%
Free Cash Flow	-3,306	-1,976	-3,804	-1,726	175.72	-3,613
Free Cash Flow Per Share	-0.77	-0.47	-0.91	-0.41	0.04	-0.94
Dividend Per Share	0.200	0.200	0.210	0.214	0.193	0.167
Dividend Growth	-4.76%	-4.76%	-1.87%	10.88%	15.57%	22.79%
Profit Margin	8.47%	9.12%	7.76%	10.62%	12.02%	13.64%
Free Cash Flow Margin	-17.83%	-9.96%	-17.80%	-8.51%	0.95%	-22.39%
EBITDA	6,343	6,699	6,613	6,338	6,419	6,158
EBITDA Margin	34.21%	33.78%	30.94%	31.25%	34.58%	38.16%
D&A For EBITDA	3,146	3,103	2,933	2,221	2,172	1,976
EBIT	3,197	3,596	3,681	4,117	4,246	4,182
EBIT Margin	17.24%	18.13%	17.22%	20.30%	22.88%	25.92%
Effective Tax Rate	22.05%	20.81%	19.02%	18.82%	14.49%	12.73%
Revenue as Reported	19,831	19,831	21,372	20,282	18,561	16,138

Source: S&P Global Market Intelligence. Utility template. Financial Sources.