Tianjin Tianbao Energy 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	773.85	824.05	785	713.59	617.37
Revenue Growth (YoY)	-6.09%	4.97%	10.01%	15.59%	28.07%
Selling, General & Admin	31.21	28.28	25.78	28.56	27.57
Provision for Bad Debts	-	0.49	0.74	-	-
Other Operating Expenses	713.76	762.82	742.55	650.89	568.85
Total Operating Expenses	744.97	791.59	769.07	679.46	596.41
Operating Income	28.88	32.46	15.93	34.14	20.96
Interest Expense	-12.1	-17.07	-13.31	-12.64	-13.28
Interest Income	0.16	0.16	0.59	0.43	0.55
Net Interest Expense	-11.94	-16.91	-12.72	-12.21	-12.73
Currency Exchange Gain (Loss)	0.15	0.19	0.16	1.15	-0.44
Other Non-Operating Income (Expenses)	-0.06	-	-	-	-
EBT Excluding Unusual Items	17.04	15.74	3.36	23.08	7.79
Gain (Loss) on Sale of Assets	-	-	-	-	1.24
Other Unusual Items	0.16	-	0.01	-	-
Pretax Income	17.19	15.74	3.37	23.08	9.02
Income Tax Expense	5.65	4.33	0.7	5.77	2.54
Earnings From Continuing Ops.	11.54	11.42	2.67	17.31	6.49
Minority Interest in Earnings	-3.18	-6.89	-2.41	-9.43	-6.06
Net Income	8.36	4.53	0.26	7.89	0.43
Net Income to Common	8.36	4.53	0.26	7.89	0.43
Net Income Growth	84.44%	1655.81%	-96.73%	1729.47%	-97.54%
Shares Outstanding (Basic)	160	160	160	160	160
Shares Outstanding (Diluted)	160	160	160	160	160
EPS (Basic)	0.05	0.03	0.00	0.05	0.00
EPS (Diluted)	0.05	0.03	0.00	0.05	0.00
EPS Growth	84.45%	1668.69%	-96.75%	1729.28%	-97.54%
Free Cash Flow	-	36.43	-109.63	-116.79	68.29
Free Cash Flow Per Share	-	0.23	-0.69	-0.73	0.43
Dividend Per Share	0.026	0.014	-	0.024	-
Dividend Growth	85.71%	-	-	-	-
Profit Margin	1.08%	0.55%	0.03%	1.10%	0.07%
Free Cash Flow Margin	-	4.42%	-13.96%	-16.37%	11.06%
EBITDA	78.15	81.72	60.86	75.44	62.47
EBITDA Margin	10.10%	9.92%	7.75%	10.57%	10.12%
D&A For EBITDA	49.26	49.26	44.93	41.3	41.51
EBIT	28.88	32.46	15.93	34.14	20.96
EBIT Margin	3.73%	3.94%	2.03%	4.78%	3.39%
Effective Tax Rate	32.89%	27.48%	20.82%	25.01%	28.09%

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