Huaihe Energy (Group) Co.,Ltd (SHA:600575)

SHA:600575 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	28,114	29,856	27,121	25,117	22,308	12,352
Other Revenue	-177.18	165.69	212.29	265.82	468.26	568.74
Revenue	27,937	30,021	27,333	25,382	22,777	12,921
Revenue Growth (YoY)	-4.87%	9.83%	7.69%	11.44%	76.28%	12.44%
Cost of Revenue	26,318	28,178	25,630	23,685	21,395	11,853
Gross Profit	1,618	1,843	1,703	1,698	1,382	1,068
Selling, General & Admin	465.85	494.96	551.95	499.54	450.9	435.48
Research & Development	147.67	179.59	178.95	151.18	101.03	7.09
Other Operating Expenses	178.83	152.7	149.61	139.81	112.99	95.33
Operating Expenses	803.66	827.54	893.58	760.9	694	549.4
Operating Income	814.71	1,015	809.84	936.61	688.01	518.43
Interest Expense	-223.45	-235.96	-216.36	-172.24	-190.2	-198.01
Interest & Investment Income	289.48	266.69	304.92	267.98	137.24	183.92
Other Non Operating Income (Expenses)	1.12	1.58	-3.8	-0.19	-0.69	-1.12
EBT Excluding Unusual Items	881.86	1,048	894.6	1,032	634.36	503.22
Gain (Loss) on Sale of Assets	-12.81	-7.62	26.57	-1.2	0.52	-8.14
Asset Writedown	-123.58	-123.58	-	-387.48	-	-
Other Unusual Items	119.18	99.99	104.22	-3.88	1.53	51.04
Pretax Income	864.64	1,017	1,025	639.61	636.41	546.12
Income Tax Expense	115.76	101.23	147.87	173.01	97.95	31.09
Earnings From Continuing Operations	748.89	915.3	877.52	466.6	538.46	515.03
Minority Interest in Earnings	-18.49	-57.5	-37.9	-182.42	-102	-39.55
Net Income	730.39	857.8	839.62	284.18	436.47	475.48
Net Income to Common	730.39	857.8	839.62	284.18	436.47	475.48
Net Income Growth	-30.63%	2.17%	195.45%	-34.89%	-8.20%	-45.98%
Shares Outstanding (Basic)	3,847	3,899	3,816	4,060	3,968	3,962
Shares Outstanding (Diluted)	3,847	3,899	3,816	4,060	3,968	3,962
Shares Change (YoY)	-1.96%	2.17%	-5.99%	2.31%	0.14%	-23.47%
EPS (Basic)	0.19	0.22	0.22	0.07	0.11	0.12
EPS (Diluted)	0.19	0.22	0.22	0.07	0.11	0.12
EPS Growth	-29.24%	-	214.29%	-36.36%	-8.33%	-29.41%
Free Cash Flow	442.65	785.94	-66.78	859.74	997.35	651.41
Free Cash Flow Per Share	0.12	0.20	-0.02	0.21	0.25	0.16
Dividend Per Share	-	-	0.120	-	-	-
Gross Margin	5.79%	6.14%	6.23%	6.69%	6.07%	8.26%
Operating Margin	2.92%	3.38%	2.96%	3.69%	3.02%	4.01%
Profit Margin	2.61%	2.86%	3.07%	1.12%	1.92%	3.68%
Free Cash Flow Margin	1.58%	2.62%	-0.24%	3.39%	4.38%	5.04%
EBITDA	1,722	1,925	1,722	1,800	1,538	1,307
EBITDA Margin	6.16%	6.41%	6.30%	7.09%	6.75%	10.12%
D&A For EBITDA	907.25	909.95	912.01	863.24	850.08	788.97
EBIT	814.71	1,015	809.84	936.61	688.01	518.43
EBIT Margin	2.92%	3.38%	2.96%	3.69%	3.02%	4.01%
Effective Tax Rate	13.39%	9.96%	14.42%	27.05%	15.39%	5.69%
Revenue as Reported	27,937	30,021	27,333	25,382	22,777	12,921

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