SHA:600023 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	Sep '25 Sep 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
Operating Revenue	74,796	82,279	86,639	71,606	58,827	43,344
Other Revenue	5,724	5,724	9,336	8,589	12,249	8,341
Revenue	80,521	88,003	95,975	80,195	71,076	51,684
Revenue Growth (YoY)	-13.20%	-8.31%	19.68%	12.83%	37.52%	-4.94%
Selling, General & Admin	2,228	2,395	2,225	1,649	1,575	1,432
Provision for Bad Debts	21.65	70.72	156.74	25.92	2.52	20.85
Other Operating Expenses	71,128	77,962	87,562	83,831	73,037	44,590
Total Operating Expenses	73,774	80,943	90,480	85,767	75,004	46,329
Operating Income	6,747	7,060	5,495	-5,573	-3,928	5,355
Interest Expense	-1,298	-1,384	-1,550	-1,399	-1,159	-1,150
Interest Income	3,600	4,469	4,917	3,442	1,780	3,374
Net Interest Expense	2,302	3,085	3,367	2,043	621.87	2,224
Currency Exchange Gain (Loss)	-1.58	-1.58	32.42	-11.75	3.46	-8.23
Other Non-Operating Income (Expenses)	61.66	-133.25	-142.17	-14.26	67.52	-7.4
EBT Excluding Unusual Items	9,109	10,010	8,752	-3,555	-3,235	7,563
Impairment of Goodwill	-496.29	-496.29	-124.4	-	-	-
Gain (Loss) on Sale of Investments	-82.97	-78.38	-67.17	-1.06	-0.79	0.01
Gain (Loss) on Sale of Assets	283.12	605.24	264.19	27.33	89.12	4.75
Asset Writedown	-28.76	-323.93	-111.41	-3.15	0.04	-4.59
Insurance Settlements	-	-	-	-	0.46	32.39
Other Unusual Items	315.12	315.12	393.2	433.72	344.77	224.81
Pretax Income	9,099	10,032	9,107	-3,098	-2,802	7,821
Income Tax Expense	1,138	1,140	1,204	505.24	-821.58	1,147
Earnings From Continuing Ops.	7,961	8,892	7,903	-3,604	-1,980	6,673
Minority Interest in Earnings	-673.46	-1,138	-1,383	1,777	1,143	-587.13
Net Income	7,288	7,753	6,520	-1,827	-836.73	6,086
Net Income to Common	7,288	7,753	6,520	-1,827	-836.73	6,086
Net Income Growth	0.48%	18.92%	-	-	-	41.76%
Shares Outstanding (Basic)	13,482	13,368	13,306	13,051	13,946	13,525
Shares Outstanding (Diluted)	13,482	13,368	13,306	13,051	13,946	13,525
Shares Change (YoY)	2.25%	0.47%	1.95%	-6.42%	3.11%	0.81%
EPS (Basic)	0.54	0.58	0.49	-0.14	-0.06	0.45
EPS (Diluted)	0.54	0.58	0.49	-0.14	-0.06	0.45
EPS Growth	-1.73%	18.37%	-	-	-	40.63%
Free Cash Flow	5,716	4,027	2,447	-5,413	-3,866	6,926
Free Cash Flow Per Share	0.42	0.30	0.18	-0.41	-0.28	0.51
Dividend Per Share	0.340	0.290	0.250	-	-	0.225
Dividend Growth	36.00%	16.00%	-	-	-	12.50%
Profit Margin	9.05%	8.81%	6.79%	-2.28%	-1.18%	11.78%
Free Cash Flow Margin	7.10%	4.58%	2.55%	-6.75%	-5.44%	13.40%
EBITDA	13,229	13,372	11,579	103.41	1,781	10,985
EBITDA Margin	16.43%	15.20%	12.06%	0.13%	2.50%	21.25%
D&A For EBITDA	6,482	6,312	6,084	5,676	5,709	5,630
EBIT	6,747	7,060	5,495	-5,573	-3,928	5,355
EBIT Margin	8.38%	8.02%	5.73%	-6.95%	-5.53%	10.36%
Effective Tax Rate	12.51%	11.37%	13.22%	-	-	14.67%
Revenue as Reported	80,521	88,003	95,975	80,195	71,076	51,684

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.