Taizhou Water Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	606.4	600.8	606.35	542.66	520.28
Revenue Growth (YoY)	0.93%	-0.91%	11.74%	4.30%	7.54%
Selling, General & Admin	88.45	83.46	87.29	66.92	55.91
Other Operating Expenses	475.68	476.32	461.58	331.38	293.68
Total Operating Expenses	564.12	559.78	548.86	398.3	349.59
Operating Income	42.28	41.02	57.49	144.36	170.69
Interest Expense	-122.26	-136.83	-131.89	-48.73	-13.95
Interest Income	2.33	6.34	4.56	3.09	2.72
Net Interest Expense	-119.93	-130.49	-127.34	-45.64	-11.23
Income (Loss) on Equity Investments	-18.55	-27.11	-19.85	-17.84	0.47
Currency Exchange Gain (Loss)	-	0.01	-	-	-
Other Non-Operating Income (Expenses)	33.65	17.33	11.26	11.72	11.41
EBT Excluding Unusual Items	-62.55	-99.25	-78.44	92.6	171.34
Gain (Loss) on Sale of Assets	-	-	-	-	0.04
Other Unusual Items	-	-	-	-	7.52
Pretax Income	-62.55	-99.25	-78.44	92.6	178.9
Income Tax Expense	22.17	18.79	32.02	34.84	43.91
Earnings From Continuing Ops.	-84.71	-118.04	-110.46	57.75	134.99
Net Income to Company	-84.71	-118.04	-110.46	57.75	134.99
Minority Interest in Earnings	13.13	22.46	26.46	-1.83	-14.68
Net Income	-71.58	-95.58	-84	55.93	120.31
Net Income to Common	-71.58	-95.58	-84	55.93	120.31
Net Income Growth	-	-	-	-53.52%	16.73%
Shares Outstanding (Basic)	200	200	200	200	200
Shares Outstanding (Diluted)	200	200	200	200	200
EPS (Basic)	-0.36	-0.48	-0.42	0.28	0.60
EPS (Diluted)	-0.36	-0.48	-0.42	0.28	0.60
EPS Growth	-	-	-	-53.52%	16.73%
Free Cash Flow	-	-106.74	-28.65	-135.41	-511.03
Free Cash Flow Per Share	-	-0.53	-0.14	-0.68	-2.56
Dividend Per Share	-	-	-	0.075	0.170
Dividend Growth	-	-	-	-55.88%	-
Profit Margin	-11.80%	-15.91%	-13.85%	10.31%	23.12%
Free Cash Flow Margin	-	-17.77%	-4.72%	-24.95%	-98.22%
EBITDA	236.94	235.68	252.11	227.11	223.96
EBITDA Margin	39.07%	39.23%	41.58%	41.85%	43.05%
D&A For EBITDA	194.66	194.66	194.62	82.75	53.27
EBIT	42.28	41.02	57.49	144.36	170.69
EBIT Margin	6.97%	6.83%	9.48%	26.60%	32.81%
Effective Tax Rate	-	-	-	37.63%	24.54%

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