Tianjin Tianbao Energy Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	797.3	824.05	785	713.59	617.37	482.07
Revenue Growth (YoY)	-1.26%	4.97%	10.01%	15.59%	28.07%	29.02%
Selling, General & Admin	26.31	28.28	25.78	28.56	27.57	26.61
Provision for Bad Debts	0.49	0.49	0.74	-	-	-
Other Operating Expenses	731.55	762.82	742.55	650.89	568.85	404.46
Total Operating Expenses	758.35	791.59	769.07	679.46	596.41	431.07
Operating Income	38.95	32.46	15.93	34.14	20.96	51.01
Interest Expense	-14.82	-17.07	-13.31	-12.64	-13.28	-11.85
Interest Income	0.01	0.16	0.59	0.43	0.55	0.57
Net Interest Expense	-14.81	-16.91	-12.72	-12.21	-12.73	-11.28
Currency Exchange Gain (Loss)	0.19	0.19	0.16	1.15	-0.44	-0.87
EBT Excluding Unusual Items	24.33	15.74	3.36	23.08	7.79	38.86
Gain (Loss) on Sale of Assets	-	-	-	-	1.24	-0.04
Other Unusual Items	-	-	0.01	-	-	-
Pretax Income	24.33	15.74	3.37	23.08	9.02	38.82
Income Tax Expense	5.44	4.33	0.7	5.77	2.54	9.34
Earnings From Continuing Ops.	18.89	11.42	2.67	17.31	6.49	29.48
Minority Interest in Earnings	-6.26	-6.89	-2.41	-9.43	-6.06	-11.97
Net Income	12.63	4.53	0.26	7.89	0.43	17.51
Net Income to Common	12.63	4.53	0.26	7.89	0.43	17.51
Net Income Growth	841.91%	1655.81%	-96.73%	1729.47%	-97.54%	69.52%
Shares Outstanding (Basic)	160	160	160	160	160	160
Shares Outstanding (Diluted)	160	160	160	160	160	160
EPS (Basic)	0.08	0.03	0.00	0.05	0.00	0.11
EPS (Diluted)	0.08	0.03	0.00	0.05	0.00	0.11
EPS Growth	840.97%	1668.69%	-96.75%	1729.28%	-97.54%	82.48%
Free Cash Flow	70.05	36.43	-109.63	-116.79	68.29	73.82
Free Cash Flow Per Share	0.44	0.23	-0.69	-0.73	0.43	0.46
Dividend Per Share	0.014	0.014	-	0.024	-	0.050
Dividend Growth	-	-	-	-	-	66.67%
Profit Margin	1.58%	0.55%	0.03%	1.10%	0.07%	3.63%
Free Cash Flow Margin	8.79%	4.42%	-13.96%	-16.37%	11.06%	15.31%
EBITDA	87.66	81.72	60.86	75.44	62.47	86.14
EBITDA Margin	11.00%	9.92%	7.75%	10.57%	10.12%	17.87%
D&A For EBITDA	48.71	49.26	44.93	41.3	41.51	35.13
EBIT	38.95	32.46	15.93	34.14	20.96	51.01
EBIT Margin	4.88%	3.94%	2.03%	4.78%	3.39%	10.58%
Effective Tax Rate	22.34%	27.48%	20.82%	25.01%	28.09%	24.06%

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