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	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	2,532	2,461	2,232	2,155	1,769	1,466
Other Revenue	84.68	93.01	89.85	67.09	57.92	72.75
Revenue	2,617	2,554	2,322	2,222	1,827	1,539
Revenue Growth	10.95%	10.01%	4.49%	21.61%	18.77%	16.99%
Operations & Maintenance	-5.78	4.1	35.91	45.04	39.69	42.95
Selling, General & Admin	459.66	447.42	408.48	361.57	321.28	281.51
Provision for Bad Debts	31.6	23.56	-30.4	2.04	-1.37	3.58
Other Operating Expenses	1,811	1,714	1,481	1,536	1,152	940.93
Total Operating Expenses	2,336	2,229	1,938	1,956	1,517	1,274
Operating Income	280.49	325.09	383.58	266.58	310.43	264.34
Interest Expense	-81.56	-82.71	-87.41	-50.5	-52.55	-46.59
Interest Income	58.64	48.2	14.98	71.62	11.43	15.55
Net Interest Expense	-22.92	-34.51	-72.43	21.12	-41.13	-31.03
Currency Exchange Gain (Loss)	1.38	0.63	-0.54	-0.68	-3.4	1.19
Other Non-Operating Income (Expenses)	-6.13	-5.45	-1.73	0.1	-1.42	-1.09
EBT Excluding Unusual Items	252.81	285.76	308.89	287.12	264.48	233.4
Gain (Loss) on Sale of Investments	-	-	-	-	-9.51	-
Gain (Loss) on Sale of Assets	-4.38	-4.22	-1.59	12.19	-2.72	-7.76
Asset Writedown	0.01	0.01	0.32	-	-	-1.02
Other Unusual Items	122.74	76.66	68	60.6	61.86	49.8
Pretax Income	371.19	358.22	375.62	359.91	314.12	274.42
Income Tax Expense	73.05	67.9	90.01	77.89	70.35	70.45
Earnings From Continuing Ops.	298.14	290.32	285.61	282.02	243.77	203.97
Net Income to Company	298.14	290.32	285.61	282.02	243.77	203.97
Minority Interest in Earnings	-79.68	-74.24	-70.37	-76.46	-71.34	-53.22
Net Income	218.46	216.07	215.24	205.56	172.42	150.76
Net Income to Common	218.46	216.07	215.24	205.56	172.42	150.76
Net Income Growth	-7.42%	0.39%	4.71%	19.22%	14.37%	8.76%
Shares Outstanding (Basic)	509	502	501	496	493	491
Shares Outstanding (Diluted)	509	502	501	496	493	491
Shares Change	-4.15%	0.39%	0.89%	0.71%	0.35%	-1.33%
EPS (Basic)	0.43	0.43	0.43	0.41	0.35	0.31
EPS (Diluted)	0.43	0.43	0.43	0.41	0.35	0.31
EPS Growth	-3.41%	0%	3.79%	18.37%	13.97%	10.23%

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	-188.15	-146.75	-186.09	-286.47	423.7	-32.35
Free Cash Flow Per Share	-0.37	-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	0%	0%	74.95%	33.43%	0%	0%
Profit Margin	8.35%	8.46%	9.27%	9.25%	9.44%	9.80%
Free Cash Flow Margin	-7.19%	-5.75%	-8.01%	-12.89%	23.19%	-2.10%
EBITDA	686.13	718.87	713.4	520.99	549.02	466.35
EBITDA Margin	26.22%	28.14%	30.72%	23.45%	30.04%	30.31%
D&A For EBITDA	405.64	393.79	329.83	254.41	238.59	202.01
EBIT	280.49	325.09	383.58	266.58	310.43	264.34
EBIT Margin	10.72%	12.73%	16.52%	12.00%	16.99%	17.18%
Effective Tax Rate	19.68%	18.96%	23.96%	21.64%	22.40%	25.67%
Revenue as Reported	2,617	2,554	2,322	2,222	1,827	1,539