Huzhou Gas 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	2,276	2,373	2,436	2,579	1,859
Revenue Growth (YoY)	-4.08%	-2.58%	-5.58%	38.77%	30.71%
Selling, General & Admin	85.07	84.35	81.98	81.49	75.27
Provision for Bad Debts	1.48	3.22	1.8	0.21	-0.1
Other Operating Expenses	2,024	2,107	2,179	2,468	1,578
Total Operating Expenses	2,110	2,195	2,263	2,549	1,653
Operating Income	165.51	177.99	172.75	30.11	205.34
Interest Expense	-2.12	-2.46	-3.57	-2.47	-1.24
Interest Income	15.63	23.51	32.86	21.5	7.02
Net Interest Expense	13.51	21.05	29.3	19.03	5.78
Income (Loss) on Equity Investments	0.27	-0.06	-1.87	-2.97	-2.05
Currency Exchange Gain (Loss)	0.03	-	-	5.8	-
Other Non-Operating Income (Expenses)	7.25	6.28	9.71	110.02	3.15
EBT Excluding Unusual Items	186.58	205.26	209.9	161.98	212.23
Gain (Loss) on Sale of Investments	1.25	0.76	2.95	6.59	7.44
Gain (Loss) on Sale of Assets	1.09	-	3.46	2.33	2.02
Pretax Income	188.92	206.02	216.31	170.9	221.69
Income Tax Expense	39.92	36.87	52.01	41.65	55
Earnings From Continuing Ops.	149	169.15	164.3	129.25	166.69
Minority Interest in Earnings	-54.33	-51.35	-53.46	-25.16	-46.98
Net Income	94.68	117.79	110.84	104.09	119.71
Net Income to Common	94.68	117.79	110.84	104.09	119.71
Net Income Growth	-19.62%	6.28%	6.48%	-13.05%	-17.76%
Shares Outstanding (Basic)	203	203	203	175	150
Shares Outstanding (Diluted)	203	203	203	175	150
Shares Change (YoY)	-	-	16.07%	16.43%	-
EPS (Basic)	0.47	0.58	0.55	0.60	0.80
EPS (Diluted)	0.47	0.58	0.55	0.60	0.80
EPS Growth	-19.62%	6.28%	-8.26%	-25.32%	-17.76%
Free Cash Flow	-	70.73	55.77	104.7	212.81
Free Cash Flow Per Share	-	0.35	0.28	0.60	1.42
Dividend Per Share	0.300	0.300	0.300	0.300	-
Profit Margin	4.16%	4.96%	4.55%	4.04%	6.44%
Free Cash Flow Margin	-	2.98%	2.29%	4.06%	11.45%
EBITDA	237.11	249.59	239.59	94.27	262.88
EBITDA Margin	10.42%	10.52%	9.84%	3.65%	14.14%
D&A For EBITDA	71.6	71.6	66.84	64.17	57.54
EBIT	165.51	177.99	172.75	30.11	205.34
EBIT Margin	7.27%	7.50%	7.09%	1.17%	11.05%
Effective Tax Rate	21.13%	17.90%	24.04%	24.37%	24.81%

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