Grandblue Environment Co., Ltd. (SHA:600323)

Grandblue Environment Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	11,406	11,485	12,177	12,510	11,469	7,236
Other Revenue	419.13	401.47	364.09	365.29	307.53	245.55
Revenue	11,825	11,886	12,541	12,875	11,777	7,481
Revenue Growth (YoY)	-4.93%	-5.22%	-2.59%	9.33%	57.41%	21.45%
Operations & Maintenance	15.22	15.29	14.81	11.39	12.21	10.57
Selling, General & Admin	835.59	826.82	748.93	730.74	676.33	566.28
Provision for Bad Debts	47.88	75.59	154.14	79.9	67.88	36.56
Other Operating Expenses	8,398	8,555	9,465	10,321	9,053	5,236
Total Operating Expenses	9,377	9,546	10,464	11,235	9,938	5,960
Operating Income	2,448	2,340	2,077	1,640	1,839	1,521
Interest Expense	-559.39	-528.95	-514.46	-500.83	-475.06	-335.38
Interest Income	231.36	165.26	85.17	66.47	85.56	92.2
Net Interest Expense	-328.03	-363.68	-429.3	-434.36	-389.5	-243.17
Currency Exchange Gain (Loss)	-0.4	-0.54	-0.14	-0.03	0.5	3.62
Other Non-Operating Income (Expenses)	-4.84	-4.01	-1.41	9.67	14.79	-12.1
EBT Excluding Unusual Items	2,115	1,972	1,647	1,215	1,465	1,269
Gain (Loss) on Sale of Investments	-10.64	-10.64	1.5	-0.35	-0.32	0.86
Gain (Loss) on Sale of Assets	3.96	3.65	2.25	4.7	-4.15	-9.84
Asset Writedown	-56.75	-56.75	-9.6	0.44	-81.06	-15.92
Other Unusual Items	245.98	188.94	189.73	189.56	57.17	54
Pretax Income	2,297	2,097	1,831	1,410	1,436	1,299
Income Tax Expense	456.93	412.67	360.86	238.26	250.19	240.91
Earnings From Continuing Ops.	1,841	1,684	1,470	1,171	1,186	1,058
Minority Interest in Earnings	-96.88	-20.19	-40.01	-29.78	-22.7	-0.2
Net Income	1,744	1,664	1,430	1,142	1,163	1,057
Net Income to Common	1,744	1,664	1,430	1,142	1,163	1,057
Net Income Growth	7.18%	16.39%	25.24%	-1.88%	10.02%	15.88%
Shares Outstanding (Basic)	815	816	817	815	802	766
Shares Outstanding (Diluted)	815	816	817	815	802	783
Shares Change (YoY)	-0.38%	-0.16%	0.19%	1.63%	2.43%	2.14%
EPS (Basic)	2.14	2.04	1.75	1.40	1.45	1.38
EPS (Diluted)	2.14	2.04	1.75	1.40	1.45	1.35
EPS Growth	7.59%	16.57%	25.00%	-3.45%	7.41%	13.44%
Free Cash Flow	2,103	1,607	433.97	-1,972	-1,125	-1,609
Free Cash Flow Per Share	2.58	1.97	0.53	-2.42	-1.40	-2.05
Dividend Per Share	0.800	0.800	0.480	0.220	0.220	0.220
Dividend Growth	66.67%	66.67%	118.18%	-	-	-
Profit Margin	14.74%	14.00%	11.40%	8.87%	9.88%	14.13%
Free Cash Flow Margin	17.78%	13.52%	3.46%	-15.31%	-9.55%	-21.50%
EBITDA	3,541	3,398	3,177	2,561	2,684	2,451
EBITDA Margin	29.94%	28.59%	25.33%	19.89%	22.79%	32.77%
D&A For EBITDA	1,093	1,058	1,099	921.13	845.39	930.19
EBIT	2,448	2,340	2,077	1,640	1,839	1,521
EBIT Margin	20.70%	19.68%	16.56%	12.74%	15.61%	20.33%
Effective Tax Rate	19.89%	19.68%	19.71%	16.90%	17.42%	18.55%
Revenue as Reported	11,825	11,886	12,541	12,875	11,777	7,481

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