Tian Lun Gas Holdings Limited (HKG:1600)

Tian Lun Gas Holdings Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	7,937	7,781	7,725	7,543	7,650
Revenue Growth (YoY)	2.01%	0.72%	2.42%	-1.41%	18.80%
Selling, General & Admin	365.59	336.83	325.63	310.83	274.87
Provision for Bad Debts	-	62.45	67.4	64.3	-
Other Operating Expenses	7,110	6,439	6,273	6,135	5,881
Total Operating Expenses	7,476	6,838	6,666	6,510	6,156
Operating Income	461.9	942.87	1,059	1,033	1,494
Interest Expense	-358.53	-384.79	-381.38	-315.85	-228.45
Interest Income	2.76	5.76	9.43	11.54	7.73
Net Interest Expense	-355.77	-379.02	-371.95	-304.31	-220.72
Income (Loss) on Equity Investments	29.8	20.47	60.15	46.73	-10.25
Currency Exchange Gain (Loss)	17.03	-51.9	-28.16	-147.8	54.3
Other Non-Operating Income (Expenses)	-7.25	-8.01	-9.87	-9.11	-7.34
EBT Excluding Unusual Items	145.71	524.42	709.14	618.11	1,310
Impairment of Goodwill	-28.34	-43.75	-	-	-
Gain (Loss) on Sale of Investments	-18.4	-	-	0.01	-1.99
Gain (Loss) on Sale of Assets	6.71	26.31	6.89	2.56	0.43
Other Unusual Items	5.7	-	-	49.45	54.3
Pretax Income	111.39	506.98	716.03	670.12	1,363
Income Tax Expense	55.63	182.47	209.75	200.85	334.69
Earnings From Continuing Ops.	55.76	324.51	506.28	469.27	1,028
Minority Interest in Earnings	-17.14	-23.52	-26.72	-24.67	-27.44
Net Income	38.63	300.99	479.56	444.6	1,001
Net Income to Common	38.63	300.99	479.56	444.6	1,001
Net Income Growth	-87.17%	-37.24%	7.86%	-55.57%	-4.11%
Shares Outstanding (Basic)	969	969	969	983	1,000
Shares Outstanding (Diluted)	969	969	969	983	1,000
Shares Change (YoY)	-0.00%	-0.00%	-1.40%	-1.68%	-0.22%
EPS (Basic)	0.04	0.31	0.49	0.45	1.00
EPS (Diluted)	0.04	0.31	0.49	0.45	1.00
EPS Growth	-87.17%	-37.23%	9.39%	-54.81%	-3.75%
Free Cash Flow	-	633.05	707.67	303.68	-9.88
Free Cash Flow Per Share	-	0.65	0.73	0.31	-0.01
Dividend Per Share	0.102	0.146	0.176	0.183	0.280
Dividend Growth	-30.25%	-17.35%	-3.87%	-34.46%	4.87%
Profit Margin	0.49%	3.87%	6.21%	5.89%	13.08%
Free Cash Flow Margin	-	8.14%	9.16%	4.03%	-0.13%
EBITDA	808.01	1,289	1,397	1,356	1,806
EBITDA Margin	10.18%	16.57%	18.09%	17.98%	23.60%
D&A For EBITDA	346.11	346.11	338.22	323.4	311.51
EBIT	461.9	942.87	1,059	1,033	1,494
EBIT Margin	5.82%	12.12%	13.71%	13.69%	19.53%
Effective Tax Rate	49.94%	35.99%	29.29%	29.97%	24.56%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.