SHA:600283 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	2,489	2,461	2,232	2,155	1,769	1,466
Other Revenue	93.01	93.01	89.85	67.09	57.92	72.75
Revenue	2,582	2,554	2,322	2,222	1,827	1,539
Revenue Growth (YoY)	9.52%	10.01%	4.49%	21.61%	18.77%	16.99%
Operations & Maintenance	4.1	4.1	35.91	45.04	39.69	42.95
Selling, General & Admin	452.01	447.42	408.48	361.57	321.28	281.51
Provision for Bad Debts	23.56	23.56	-30.4	2.04	-1.37	3.58
Other Operating Expenses	1,726	1,714	1,481	1,536	1,152	940.93
Total Operating Expenses	2,247	2,229	1,938	1,956	1,517	1,274
Operating Income	335.46	325.09	383.58	266.58	310.43	264.34
Interest Expense	-82.71	-82.71	-87.41	-50.5	-52.55	-46.59
Interest Income	30.53	48.2	14.98	71.62	11.43	15.55
Net Interest Expense	-52.18	-34.51	-72.43	21.12	-41.13	-31.03
Currency Exchange Gain (Loss)	0.63	0.63	-0.54	-0.68	-3.4	1.19
Other Non-Operating Income (Expenses)	-11.31	-5.45	-1.73	0.1	-1.42	-1.09
EBT Excluding Unusual Items	272.61	285.76	308.89	287.12	264.48	233.4
Gain (Loss) on Sale of Investments	-3.86	-	-	-	-9.51	-
Gain (Loss) on Sale of Assets	-3.91	-4.22	-1.59	12.19	-2.72	-7.76
Asset Writedown	1.22	0.01	0.32	-	-	-1.02
Other Unusual Items	76.66	76.66	68	60.6	61.86	49.8
Pretax Income	342.73	358.22	375.62	359.91	314.12	274.42
Income Tax Expense	64.13	67.9	90.01	77.89	70.35	70.45
Earnings From Continuing Ops.	278.59	290.32	285.61	282.02	243.77	203.97
Net Income to Company	278.59	290.32	285.61	282.02	243.77	203.97
Minority Interest in Earnings	-78.56	-74.24	-70.37	-76.46	-71.34	-53.22
Net Income	200.04	216.07	215.24	205.56	172.42	150.76
Net Income to Common	200.04	216.07	215.24	205.56	172.42	150.76
Net Income Growth	-16.21%	0.39%	4.71%	19.22%	14.37%	8.76%
Shares Outstanding (Basic)	503	502	501	496	493	491
Shares Outstanding (Diluted)	503	502	501	496	493	491
Shares Change (YoY)	-2.76%	0.39%	0.89%	0.71%	0.35%	-1.33%
EPS (Basic)	0.40	0.43	0.43	0.41	0.35	0.31
EPS (Diluted)	0.40	0.43	0.43	0.41	0.35	0.31
EPS Growth	-13.84%	-	3.79%	18.37%	13.97%	10.23%
Free Cash Flow	-136.93	-146.75	-186.09	-286.47	423.7	-32.35
Free Cash Flow Per Share	-0.27	-0.29	-0.37	-0.58	0.86	-0.07
Dividend Per Share	0.250	0.250	0.250	0.143	0.107	0.107
Dividend Growth	-	-	74.95%	33.43%	-	-
Profit Margin	7.75%	8.46%	9.27%	9.25%	9.44%	9.80%
Free Cash Flow Margin	-5.30%	-5.75%	-8.01%	-12.89%	23.19%	-2.10%
EBITDA	745.24	718.87	713.4	520.99	549.02	466.35
EBITDA Margin	28.86%	28.14%	30.72%	23.45%	30.04%	30.31%
D&A For EBITDA	409.78	393.79	329.83	254.41	238.59	202.01
EBIT	335.46	325.09	383.58	266.58	310.43	264.34
EBIT Margin	12.99%	12.73%	16.52%	12.00%	16.99%	17.18%
Effective Tax Rate	18.71%	18.96%	23.96%	21.64%	22.40%	25.67%
Revenue as Reported	2,554	2,554	2,322	2,222	1,827	1,539

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