Yunnan Water Investment 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	2,370	2,798	3,117	3,789	5,281
Revenue Growth (YoY)	-15.30%	-10.21%	-17.76%	-28.24%	-37.11%
Cost of Revenue	2,196	2,344	2,461	3,035	3,964
Gross Profit	173.8	453.73	655.11	753.85	1,317
Selling, General & Admin	1,009	666.77	456.34	1,071	699.05
Other Operating Expenses	120.19	-24.27	-151.68	-1,304	-5.71
Operating Expenses	1,130	1,307	572.69	298.98	1,019
Operating Income	-955.78	-853.74	82.43	454.87	297.95
Interest Expense	-1,055	-1,028	-928.43	-1,300	-1,492
Interest & Investment Income	-	11.09	4.38	16.81	10.93
Earnings From Equity Investments	17.06	36.78	30.22	23.56	78.52
Currency Exchange Gain (Loss)	-	-31.46	6.13	-25.98	-33.71
Other Non Operating Income (Expenses)	18.82	-168.74	-100.36	-111.29	-105.57
EBT Excluding Unusual Items	-1,975	-2,034	-905.65	-942.19	-1,244
Gain (Loss) on Sale of Investments	-	-104.06	-	-28.41	212.7
Gain (Loss) on Sale of Assets	-	-	90.98	-11.76	-
Pretax Income	-1,975	-2,139	-814.67	-982.36	-1,031
Income Tax Expense	96.54	27.74	179.94	175.99	24.32
Earnings From Continuing Operations	-2,072	-2,166	-994.61	-1,158	-1,055
Minority Interest in Earnings	215.74	426.86	306.54	205.56	166.97
Net Income	-1,856	-1,739	-688.07	-952.79	-888.29
Preferred Dividends & Other Adjustments	-	-	-	107.56	113.59
Net Income to Common	-1,856	-1,739	-688.07	-1,060	-1,002
Shares Outstanding (Basic)	1,073	1,193	1,193	1,193	1,193
Shares Outstanding (Diluted)	1,073	1,193	1,193	1,193	1,193
Shares Change (YoY)	-10.04%	-	-	-	-
EPS (Basic)	-1.73	-1.46	-0.58	-0.89	-0.84
EPS (Diluted)	-1.73	-1.46	-0.58	-0.89	-0.84
Free Cash Flow	-	-172.79	-185.48	-659.7	-3,021
Free Cash Flow Per Share	-	-0.14	-0.15	-0.55	-2.53
Gross Margin	7.33%	16.21%	21.02%	19.89%	24.93%
Operating Margin	-40.33%	-30.51%	2.65%	12.00%	5.64%
Profit Margin	-78.31%	-62.16%	-22.08%	-27.98%	-18.97%
Free Cash Flow Margin	-	-6.17%	-5.95%	-17.41%	-57.20%
EBITDA	-344.27	-242.23	813.38	1,258	938.59
EBITDA Margin	-14.53%	-8.66%	26.10%	33.20%	17.77%
D&A For EBITDA	611.51	611.51	730.96	803	640.64
EBIT	-955.78	-853.74	82.43	454.87	297.95
EBIT Margin	-40.33%	-30.51%	2.65%	12.00%	5.64%

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