State Grid Yingda Co.,Ltd. (SHA:600517)

State Grid Yingda 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	11,078	10,698	10,111	10,025	8,494	7,246
Other Revenue	526.44	589.91	784.07	836.31	991.49	845.92
Revenue	11,605	11,288	10,895	10,861	9,485	8,092
Revenue Growth (YoY)	6.69%	3.60%	0.32%	14.51%	17.22%	6.42%
Cost of Revenue	7,083	6,714	6,180	6,485	5,291	4,643
Gross Profit	4,522	4,574	4,715	4,376	4,194	3,449
Selling, General & Admin	1,504	1,552	1,484	1,342	1,318	1,133
Research & Development	296.33	301.6	206.65	210.97	132.74	92.17
Other Operating Expenses	56.1	39	56.1	50.09	54.36	49.12
Operating Expenses	1,796	1,800	1,841	1,668	1,597	1,447
Operating Income	2,726	2,775	2,874	2,708	2,598	2,001
Interest Expense	-185.17	-242.87	-309.16	-361.9	-398.8	-358.04
Interest & Investment Income	624.04	358.8	256.37	203.37	479.63	564.07
Currency Exchange Gain (Loss)	0.35	0.2	1.29	11.06	-2.79	-6.08
Other Non Operating Income (Expenses)	-10.81	-8.4	-131.76	-27.85	-41.44	-15.95
EBT Excluding Unusual Items	3,154	2,882	2,691	2,533	2,634	2,185
Impairment of Goodwill	-	-	-60.18	-	-	-
Gain (Loss) on Sale of Investments	41.77	-39.38	-362.65	-628.78	-625.74	10.85
Gain (Loss) on Sale of Assets	-0.34	-1.54	5.26	-0.89	-4.43	-1.25
Asset Writedown	-	-	-	-	-2.04	2.13
Legal Settlements	-0.84	-0.84	-0	-	-	-224.26
Other Unusual Items	48.23	39.08	30.67	25.39	28.02	41.67
Pretax Income	3,243	2,880	2,304	1,929	2,030	2,014
Income Tax Expense	883.47	823.24	507.72	435.41	473.58	510.94
Earnings From Continuing Operations	2,359	2,056	1,796	1,493	1,556	1,503
Minority Interest in Earnings	-554.48	-482.14	-432.02	-392.47	-332.47	-327.48
Net Income	1,805	1,574	1,364	1,101	1,224	1,176
Net Income to Common	1,805	1,574	1,364	1,101	1,224	1,176
Net Income Growth	18.32%	15.39%	23.96%	-10.07%	4.07%	23.43%
Shares Outstanding (Basic)	5,714	5,725	5,708	5,732	5,719	5,547
Shares Outstanding (Diluted)	5,714	5,725	5,708	5,732	5,719	5,547
Shares Change (YoY)	0.05%	0.28%	-0.42%	0.23%	3.10%	4.80%
EPS (Basic)	0.32	0.28	0.24	0.19	0.21	0.21
EPS (Diluted)	0.32	0.28	0.24	0.19	0.21	0.21
EPS Growth	18.26%	15.06%	24.48%	-10.28%	0.94%	17.78%
Free Cash Flow	1,844	4,166	607.2	1,140	644.55	-258.11
Free Cash Flow Per Share	0.32	0.73	0.11	0.20	0.11	-0.05
Dividend Per Share	0.093	0.083	0.072	0.057	0.066	0.062
Dividend Growth	-10.58%	15.28%	26.32%	-13.64%	6.45%	-
Gross Margin	38.96%	40.52%	43.28%	40.29%	44.22%	42.62%
Operating Margin	23.49%	24.58%	26.38%	24.93%	27.38%	24.73%
Profit Margin	15.55%	13.95%	12.52%	10.13%	12.90%	14.53%
Free Cash Flow Margin	15.89%	36.91%	5.57%	10.49%	6.79%	-3.19%
EBITDA	2,886	2,943	3,088	2,891	2,776	2,165
EBITDA Margin	24.87%	26.08%	28.34%	26.62%	29.26%	26.76%
D&A For EBITDA	160.48	168.83	213.43	182.92	178.16	164.12
EBIT	2,726	2,775	2,874	2,708	2,598	2,001
EBIT Margin	23.49%	24.58%	26.38%	24.93%	27.38%	24.73%
Effective Tax Rate	27.24%	28.59%	22.04%	22.58%	23.33%	25.36%
Revenue as Reported	11,605	11,288	10,895	10,861	9,485	8,092
Advertising Expenses	-	29.15	33.77	36	30.59	9.13

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