SHA:600025 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	Jun '26 Jun 30, 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	26,712	26,464	24,670	23,405	23,472	20,172
Other Revenue	71.56	130.91	211.93	56.48	109.36	29.14
Revenue	26,784	26,595	24,882	23,461	23,581	20,202
Revenue Growth	3.17%	6.89%	6.05%	-0.51%	16.73%	4.92%
Operations & Maintenance	0.35	0.71	0.47	0.88	3.5	0.98
Selling, General & Admin	736.3	676.9	600.85	600.32	557.98	414.03
Provision for Bad Debts	6.09	6.09	10.13	11.89	-41.19	11.74
Other Operating Expenses	13,141	12,677	11,377	10,660	10,867	9,533
Total Operating Expenses	13,964	13,457	12,139	11,460	11,572	10,091
Operating Income	12,819	13,138	12,742	12,001	12,009	10,111
Interest Expense	-1,363	-2,694	-2,704	-2,780	-3,266	-3,370
Interest Income	337.27	337.94	359.29	325.04	301.27	356.95
Net Interest Expense	-1,026	-2,356	-2,345	-2,455	-2,964	-3,014
Currency Exchange Gain (Loss)	49.79	52.34	2.76	8.76	50.06	-20.1
Other Non-Operating Income (Expenses)	-1,293	-34.67	-24.3	-23.5	18.93	-1.85
EBT Excluding Unusual Items	10,536	10,800	10,376	9,532	9,114	7,075
Gain (Loss) on Sale of Investments	51.03	21.95	10.06	-50.09	-8.06	102.67
Gain (Loss) on Sale of Assets	-5.54	-5.36	-1.22	2.76	6.17	-4.56
Asset Writedown	-	-	-1.7	-63.46	-	-
Legal Settlements	-0.37	-0.37	-0.63	-1.41	-2.28	-2.76
Other Unusual Items	-39.59	-47.95	-17.72	0.62	3.5	-37.15
Pretax Income	10,541	10,768	10,365	9,420	9,113	7,134
Income Tax Expense	1,525	1,551	1,453	1,177	1,151	852.92
Earnings From Continuing Ops.	9,016	9,217	8,912	8,243	7,963	6,281
Minority Interest in Earnings	-744.71	-713.15	-614.7	-605.08	-728.17	-443.14
Net Income	8,271	8,504	8,297	7,638	7,234	5,838
Net Income to Common	8,271	8,504	8,297	7,638	7,234	5,838
Net Income Growth	-5.33%	2.50%	8.63%	5.58%	23.93%	20.75%
Shares Outstanding (Basic)	19,194	18,898	18,857	19,095	19,552	18,242
Shares Outstanding (Diluted)	19,194	18,898	18,857	19,095	19,552	18,242
Shares Change	3.20%	0.22%	-1.25%	-2.34%	7.18%	1.88%
EPS (Basic)	0.43	0.45	0.44	0.40	0.37	0.32
EPS (Diluted)	0.43	0.45	0.44	0.40	0.37	0.32
EPS Growth	-8.26%	2.27%	10.00%	8.11%	15.63%	18.52%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	2,510	2,588	-2,827	-1,066	7,961	10,474
Free Cash Flow Per Share	0.13	0.14	-0.15	-0.06	0.41	0.57
Dividend Per Share	0.205	0.205	0.200	0.180	0.175	0.170
Dividend Growth	2.50%	2.50%	11.11%	2.86%	2.94%	6.25%
Profit Margin	30.88%	31.98%	33.35%	32.56%	30.68%	28.90%
Free Cash Flow Margin	9.37%	9.73%	-11.36%	-4.55%	33.76%	51.85%
EBITDA	20,299	20,339	18,944	17,844	18,088	15,843
EBITDA Margin	75.79%	76.47%	76.14%	76.06%	76.71%	78.43%
D&A For EBITDA	7,480	7,200	6,202	5,843	6,079	5,733
EBIT	12,819	13,138	12,742	12,001	12,009	10,111
EBIT Margin	47.86%	49.40%	51.21%	51.15%	50.93%	50.05%
Effective Tax Rate	14.47%	14.40%	14.02%	12.49%	12.63%	11.96%
Revenue as Reported	13,636	26,595	24,882	23,461	23,581	20,202