SHA:600027 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	Mar '26 Mar 31, 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	122,049	125,223	140,601	117,176	105,960	102,912
Other Revenue	789.85	789.85	901.35	-	-	1,695
Revenue	122,839	126,013	141,502	117,176	105,960	104,608
Revenue Growth (YoY)	-14.81%	-10.95%	20.76%	10.59%	1.29%	17.03%
Fuel & Purchased Power	-	-	-	-	82,866	-
Operations & Maintenance	-	-	-	-	3,892	-
Selling, General & Admin	2,212	2,234	2,313	1,668	1,582	1,807
Depreciation & Amortization	-	-	-	-	10,037	-
Provision for Bad Debts	25.09	25.08	-10.54	-5.48	-	97.63
Other Operating Expenses	109,181	112,781	130,292	109,771	10,652	111,846
Total Operating Expenses	111,531	115,151	132,611	111,434	109,030	113,753
Operating Income	11,308	10,861	8,891	5,742	-3,070	-9,146
Interest Expense	-3,047	-3,150	-3,768	-3,634	-4,091	-4,250
Interest Income	2,674	3,192	3,674	3,849	93.05	7,396
Net Interest Expense	-372.68	41.94	-93.84	215.37	-3,998	3,146
Income (Loss) on Equity Investments	-	-	-	-	4,797	-
Currency Exchange Gain (Loss)	-3.96	-3.96	0.43	-6.44	-5.49	5.7
Other Non-Operating Income (Expenses)	258.56	348.13	533.33	158.08	1,622	-356.5
EBT Excluding Unusual Items	11,190	11,247	9,331	6,109	-654.37	-6,350
Impairment of Goodwill	-	-	-	-	-167.22	-423.2
Gain (Loss) on Sale of Investments	-20.4	-20.4	38.26	-18.62	10.32	-37.23
Gain (Loss) on Sale of Assets	51.7	50.15	468.36	104.87	221.1	259.74
Asset Writedown	-783.17	-782.77	-263.21	-514.01	-946.77	-2,584
Other Unusual Items	153.43	153.43	191	129.06	-	683.59
Pretax Income	10,592	10,648	9,766	5,810	-1,537	-8,451
Income Tax Expense	2,437	2,431	2,256	1,002	-631.39	-1,672
Earnings From Continuing Ops.	8,154	8,217	7,510	4,808	-905.53	-6,779
Minority Interest in Earnings	-2,281	-2,146	-1,523	-285.88	891.21	1,797
Net Income	5,873	6,070	5,987	4,522	-14.32	-4,982
Preferred Dividends & Other Adjustments	560.28	560.28	971.84	1,007	900.88	1,023
Net Income to Common	5,313	5,510	5,015	3,515	-915.2	-6,006
Net Income Growth	-3.89%	1.39%	32.40%	-	-	-
Shares Outstanding (Basic)	11,519	11,245	10,903	10,042	9,870	9,845
Shares Outstanding (Diluted)	11,519	11,245	10,903	10,042	9,870	9,845
Shares Change (YoY)	5.54%	3.14%	8.58%	1.74%	0.25%	-0.18%
EPS (Basic)	0.46	0.49	0.46	0.35	-0.09	-0.61
EPS (Diluted)	0.46	0.49	0.46	0.35	-0.09	-0.61
EPS Growth	-2.05%	6.52%	31.43%	-	-	-
Free Cash Flow	6,760	12,158	7,471	2,763	-5,004	-19,652
Free Cash Flow Per Share	0.59	1.08	0.69	0.28	-0.51	-2.00
Dividend Per Share	0.230	0.230	0.210	0.150	0.200	0.250
Dividend Growth	9.52%	9.52%	40.00%	-25.00%	-20.00%	-
Profit Margin	4.32%	4.37%	3.54%	3.00%	-0.86%	-5.74%
Free Cash Flow Margin	5.50%	9.65%	5.28%	2.36%	-4.72%	-18.79%
EBITDA	24,488	24,075	22,242	15,981	6,675	1,852
EBITDA Margin	19.93%	19.11%	15.72%	13.64%	6.30%	1.77%
D&A For EBITDA	13,180	13,214	13,351	10,239	9,745	10,998
EBIT	11,308	10,861	8,891	5,742	-3,070	-9,146
EBIT Margin	9.21%	8.62%	6.28%	4.90%	-2.90%	-8.74%
Effective Tax Rate	23.01%	22.83%	23.10%	17.25%	-	-
Revenue as Reported	122,839	126,013	141,502	117,176	-	104,608

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