Liaoning Port Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	11,133	11,055	10,616	11,796	11,731	11,881
Other Revenue	304.07	304.07	450.63	423.81	436.4	466.17
Revenue	11,437	11,359	11,067	12,220	12,167	12,348
Revenue Growth (YoY)	6.84%	2.64%	-9.44%	0.43%	-1.46%	1.84%
Cost of Revenue	8,002	8,108	8,691	8,830	8,993	8,518
Gross Profit	3,436	3,251	2,376	3,389	3,175	3,829
Selling, General & Admin	753.64	756.55	825.88	737.52	814.67	799.34
Research & Development	26.92	24.69	20.23	39.29	53.13	9.31
Other Operating Expenses	-44.36	-56.36	-61.5	-22.64	-4.87	8.16
Operating Expenses	665.3	653.98	404.54	919.28	988.01	913.54
Operating Income	2,770	2,597	1,971	2,470	2,187	2,916
Interest Expense	-439.55	-439.55	-447.28	-501.45	-542.91	-632.57
Interest & Investment Income	81.79	52.74	270.64	172.48	292.55	485.69
Currency Exchange Gain (Loss)	0.33	0.33	-0.34	-4.99	-17.65	3.1
Other Non Operating Income (Expenses)	29.84	6.54	65.34	-36.95	-30.91	-38.25
EBT Excluding Unusual Items	2,443	2,217	1,860	2,099	1,888	2,734
Impairment of Goodwill	-4.4	-4.4	-	-	-	-6.22
Gain (Loss) on Sale of Investments	-37.77	-37.77	-22.71	-	-	-8.47
Gain (Loss) on Sale of Assets	-3.7	-2.27	2.99	-2.03	5.05	131.67
Asset Writedown	-10.14	-10.14	-55.63	-99.23	-14.26	-44.99
Legal Settlements	-	-	-	-	32.76	-179.55
Other Unusual Items	11.01	11.01	9.89	16.58	28.15	28.09
Pretax Income	2,398	2,173	1,795	2,035	1,940	2,654
Income Tax Expense	609.32	570.34	443.01	527.74	467.17	576.24
Earnings From Continuing Operations	1,788	1,603	1,352	1,507	1,473	2,078
Minority Interest in Earnings	-326.68	-296	-208.05	-164.14	-154.96	-162.12
Net Income	1,462	1,307	1,144	1,343	1,318	1,916
Net Income to Common	1,462	1,307	1,144	1,343	1,318	1,916
Net Income Growth	49.73%	14.23%	-14.83%	1.93%	-31.23%	-6.67%
Shares Outstanding (Basic)	23,761	23,843	23,965	23,987	23,987	22,851
Shares Outstanding (Diluted)	23,761	23,843	23,965	23,987	23,987	22,851
Shares Change (YoY)	-6.05%	-0.51%	-0.09%	-	4.97%	1.00%
EPS (Basic)	0.06	0.05	0.05	0.06	0.05	0.08
EPS (Diluted)	0.06	0.05	0.05	0.06	0.05	0.08
EPS Growth	59.37%	14.81%	-14.75%	11.99%	-40.37%	-7.60%
Free Cash Flow	4,738	5,188	3,649	2,672	29.73	-1.43
Free Cash Flow Per Share	0.20	0.22	0.15	0.11	0.00	-
Dividend Per Share	0.029	0.029	0.024	0.019	0.017	0.027
Dividend Growth	19.66%	19.66%	25.13%	9.77%	-35.56%	-10.00%
Gross Margin	30.04%	28.62%	21.47%	27.74%	26.09%	31.01%
Operating Margin	24.22%	22.86%	17.81%	20.21%	17.97%	23.61%
Profit Margin	12.78%	11.51%	10.34%	10.99%	10.83%	15.52%
Free Cash Flow Margin	41.43%	45.67%	32.98%	21.86%	0.24%	-0.01%
EBITDA	4,987	4,788	4,059	4,482	4,211	4,820
EBITDA Margin	43.60%	42.15%	36.68%	36.68%	34.61%	39.03%
D&A For EBITDA	2,217	2,191	2,087	2,012	2,025	1,904
EBIT	2,770	2,597	1,971	2,470	2,187	2,916
EBIT Margin	24.22%	22.86%	17.81%	20.21%	17.97%	23.61%
Effective Tax Rate	25.41%	26.25%	24.68%	25.93%	24.08%	21.71%
Revenue as Reported	11,359	11,359	11,067	12,220	-	12,348

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