SHA:600452 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,994	3,114	3,439	3,559	3,144
Other Revenue	2.06	2.71	3.23	3.11	1.19
Revenue	2,996	3,117	3,442	3,562	3,146
Revenue Growth (YoY)	-3.86%	-9.46%	-3.36%	13.25%	18.50%
Selling, General & Admin	123.84	121.84	122.53	133.84	127.54
Provision for Bad Debts	43	-51.61	14.29	27.96	35
Other Operating Expenses	2,414	2,488	2,725	2,769	2,433
Total Operating Expenses	2,581	2,558	2,863	2,931	2,596
Operating Income	415.28	558.54	578.96	631.51	549.77
Interest Expense	-0.95	-0.82	-4.92	-10.99	-45.52
Interest Income	42.22	40.85	33.33	27.15	38.48
Net Interest Expense	41.27	40.03	28.4	16.16	-7.04
Income (Loss) on Equity Investments	4.6	4.55	3.38	-	-
Other Non-Operating Income (Expenses)	-0.15	-0.31	-1.16	-2.23	-0.71
EBT Excluding Unusual Items	461	602.82	609.58	645.44	542.03
Gain (Loss) on Sale of Investments	-	-	-	-	-8.36
Gain (Loss) on Sale of Assets	2.15	3.54	-0.56	-3.55	1.05
Other Unusual Items	10.47	8.7	10.09	35.33	6.54
Pretax Income	473.62	615.06	619.11	677.22	541.24
Income Tax Expense	80.35	100.61	93.76	64.58	35.39
Net Income	393.27	514.46	525.35	612.65	505.86
Net Income to Common	393.27	514.46	525.35	612.65	505.86
Net Income Growth	-23.55%	-2.07%	-14.25%	21.11%	26.22%
Shares Outstanding (Basic)	1,513	1,559	1,545	1,532	1,545
Shares Outstanding (Diluted)	1,513	1,559	1,545	1,532	1,545
Shares Change (YoY)	-2.97%	0.89%	0.88%	-0.87%	24.29%
EPS (Basic)	0.26	0.33	0.34	0.40	0.33
EPS (Diluted)	0.26	0.33	0.34	0.40	0.33
EPS Growth	-21.21%	-2.94%	-15.00%	22.18%	1.55%
Free Cash Flow	341.38	714.78	525.45	1,159	-351.1
Free Cash Flow Per Share	0.23	0.46	0.34	0.76	-0.23
Dividend Per Share	0.103	0.105	0.104	0.107	0.079
Dividend Growth	-1.91%	1.35%	-3.36%	35.18%	1.80%
Profit Margin	13.13%	16.51%	15.26%	17.20%	16.08%
Free Cash Flow Margin	11.39%	22.93%	15.26%	32.55%	-11.16%
EBITDA	1,094	1,349	1,574	1,677	1,559
EBITDA Margin	36.51%	43.29%	45.73%	47.06%	49.58%
D&A For EBITDA	678.54	790.66	995.37	1,045	1,010
EBIT	415.28	558.54	578.96	631.51	549.77
EBIT Margin	13.86%	17.92%	16.82%	17.73%	17.48%
Effective Tax Rate	16.96%	16.36%	15.14%	9.54%	6.54%

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