CGN New Energy Holdings Income Statement

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

Millions USD. 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	1,693	1,951	2,193	2,430	1,775
Revenue Growth (YoY)	-13.25%	-11.02%	-9.76%	36.88%	54.39%
Operations & Maintenance	23.53	24.5	31.36	46.83	48.2
Selling, General & Admin	-	4.98	2.54	2.09	2.22
Depreciation & Amortization	370.93	356.21	343.74	335.97	266.35
Provision for Bad Debts	0.35	19.27	8.59	2.79	20.29
Other Operating Expenses	817.3	1,018	1,254	1,453	958.66
Total Operating Expenses	1,212	1,423	1,640	1,840	1,296
Operating Income	480.74	528.33	552.49	589.65	479.6
Interest Expense	-158.93	-181.23	-212.77	-227.11	-188.22
Interest Income	-	2.98	5.78	3.56	2.58
Net Interest Expense	-158.93	-178.25	-206.99	-223.55	-185.64
Income (Loss) on Equity Investments	16.4	4.25	3.02	-63.25	-37.55
Currency Exchange Gain (Loss)	-	-7.8	1.73	-1.65	0.4
Other Non-Operating Income (Expenses)	27.69	39.07	15.87	24.28	28.47
EBT Excluding Unusual Items	365.91	385.61	366.13	325.49	285.27
Impairment of Goodwill	-	-3.34	-8.68	-	-4.34
Gain (Loss) on Sale of Assets	-	-9.46	2.45	13.12	13.26
Asset Writedown	-	-36.13	-7.66	-66.81	-
Insurance Settlements	-	0.58	0.29	1.2	0.99
Pretax Income	365.91	337.25	352.53	272.99	295.18
Income Tax Expense	80.8	78.97	72.9	58.57	34.07
Earnings From Continuing Ops.	285.11	258.28	279.63	214.42	261.11
Minority Interest in Earnings	-9.24	-10.26	-11.95	-19.27	-16.84
Net Income	275.87	248.02	267.69	195.15	244.27
Net Income to Common	275.87	248.02	267.69	195.15	244.27
Net Income Growth	11.23%	-7.35%	37.17%	-20.11%	50.70%
Shares Outstanding (Basic)	4,290	4,290	4,291	4,291	4,291
Shares Outstanding (Diluted)	4,290	4,290	4,291	4,291	4,291
Shares Change (YoY)	-	-0.02%	-	-	-
EPS (Basic)	0.06	0.06	0.06	0.05	0.06
EPS (Diluted)	0.06	0.06	0.06	0.05	0.06
EPS Growth	11.25%	-7.35%	37.17%	-20.07%	50.63%
Free Cash Flow	-	-385.34	40.18	279.61	-913.12
Free Cash Flow Per Share	-	-0.09	0.01	0.07	-0.21
Dividend Per Share	0.016	0.014	0.016	0.009	0.009
Dividend Growth	11.42%	-7.37%	71.43%	5.81%	-45.91%
Profit Margin	16.30%	12.71%	12.21%	8.03%	13.76%
Free Cash Flow Margin	-	-19.75%	1.83%	11.51%	-51.43%
EBITDA	836.95	884.54	896.23	925.62	745.94
EBITDA Margin	49.44%	45.33%	40.87%	38.09%	42.02%
D&A For EBITDA	356.21	356.21	343.74	335.97	266.35
EBIT	480.74	528.33	552.49	589.65	479.6
EBIT Margin	28.40%	27.07%	25.19%	24.27%	27.02%
Effective Tax Rate	22.08%	23.42%	20.68%	21.45%	11.54%

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