SHA:600027 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	102,671	112,994	117,176	105,960	102,912	89,382
Other Revenue	-	-	-	-	1,695	-
Revenue	102,671	112,994	117,176	105,960	104,608	89,382
Revenue Growth (YoY)	-22.60%	-3.57%	10.59%	1.29%	17.03%	-4.56%
Fuel & Purchased Power	-	-	-	82,866	-	41,394
Operations & Maintenance	-	-	-	3,892	-	3,940
Selling, General & Admin	1,773	1,797	1,668	1,582	1,807	1,739
Depreciation & Amortization	-	-	-	10,037	-	11,759
Provision for Bad Debts	1.01	-7.62	-5.48	-	97.63	-
Other Operating Expenses	91,420	103,468	109,771	10,652	111,846	20,177
Total Operating Expenses	93,196	105,258	111,434	109,030	113,753	79,009
Operating Income	9,475	7,736	5,742	-3,070	-9,146	10,373
Interest Expense	-2,785	-3,232	-3,634	-4,091	-4,250	-4,420
Interest Income	3,461	3,528	3,849	93.05	7,396	145.2
Net Interest Expense	675.73	295.81	215.37	-3,998	3,146	-4,275
Income (Loss) on Equity Investments	-	-	-	4,797	-	521.56
Currency Exchange Gain (Loss)	0.46	0.46	-6.44	-5.49	5.7	0.77
Other Non-Operating Income (Expenses)	470.23	404.65	158.08	1,622	-356.5	1,796
EBT Excluding Unusual Items	10,622	8,437	6,109	-654.37	-6,350	8,417
Impairment of Goodwill	-	-	-	-167.22	-423.2	-94.16
Gain (Loss) on Sale of Investments	37.31	37.31	-18.62	10.32	-37.23	-1.25
Gain (Loss) on Sale of Assets	21.81	399.25	104.87	221.1	259.74	59.27
Asset Writedown	-238.54	-239.33	-514.01	-946.77	-2,584	-1,489
Other Unusual Items	230.34	230.34	129.06	-	683.59	-
Pretax Income	10,673	8,864	5,810	-1,537	-8,451	6,892
Income Tax Expense	2,357	2,029	1,002	-631.39	-1,672	1,216
Earnings From Continuing Ops.	8,316	6,836	4,808	-905.53	-6,779	5,676
Minority Interest in Earnings	-1,732	-1,133	-285.88	891.21	1,797	-1,509
Net Income	6,584	5,703	4,522	-14.32	-4,982	4,167
Preferred Dividends & Other Adjustments	971.84	971.84	1,007	900.88	1,023	917.86
Net Income to Common	5,612	4,731	3,515	-915.2	-6,006	3,249
Net Income Growth	18.01%	26.11%	-	-	-	22.30%
Shares Outstanding (Basic)	9,755	10,284	10,042	9,870	9,845	9,863
Shares Outstanding (Diluted)	9,755	10,284	10,042	9,870	9,845	9,863
Shares Change (YoY)	-6.14%	2.42%	1.74%	0.25%	-0.18%	-16.05%
EPS (Basic)	0.58	0.46	0.35	-0.09	-0.61	0.33
EPS (Diluted)	0.58	0.46	0.35	-0.09	-0.61	0.33
EPS Growth	30.79%	31.43%	-	-	-	13.59%
Free Cash Flow	13,125	7,269	2,763	-5,004	-19,652	1,632
Free Cash Flow Per Share	1.35	0.71	0.28	-0.51	-2.00	0.17
Dividend Per Share	0.220	0.210	0.150	0.200	0.250	0.250
Dividend Growth	-4.35%	40.00%	-25.00%	-20.00%	-	71.23%
Profit Margin	5.47%	4.19%	3.00%	-0.86%	-5.74%	3.64%
Free Cash Flow Margin	12.78%	6.43%	2.36%	-4.72%	-18.79%	1.83%
EBITDA	20,246	18,279	15,981	6,675	1,852	21,721
EBITDA Margin	19.72%	16.18%	13.64%	6.30%	1.77%	24.30%
D&A For EBITDA	10,770	10,543	10,239	9,745	10,998	11,348
EBIT	9,475	7,736	5,742	-3,070	-9,146	10,373
EBIT Margin	9.23%	6.85%	4.90%	-2.90%	-8.74%	11.61%
Effective Tax Rate	22.08%	22.89%	17.25%	-	-	17.65%
Revenue as Reported	102,671	112,994	117,176	-	104,608	-

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