SHA:600644 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	Mar '26 Mar 31, 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	3,233	3,302	3,116	2,931	2,833	2,532
Other Revenue	92.71	92.71	79.48	54.65	39.67	39.13
Revenue	3,326	3,395	3,196	2,986	2,872	2,571
Revenue Growth (YoY)	3.66%	6.24%	7.03%	3.94%	11.72%	12.22%
Operations & Maintenance	10.76	10.76	10.88	13.54	14.37	11.01
Selling, General & Admin	456.49	469.11	427.76	411.87	438.53	411.54
Provision for Bad Debts	5.61	5.61	15.49	3.15	13.75	3.07
Other Operating Expenses	2,848	2,901	2,720	2,523	2,346	2,000
Total Operating Expenses	3,322	3,387	3,175	2,954	2,813	2,425
Operating Income	4.38	7.98	20.41	31.34	59.41	145.67
Interest Expense	-27.33	-27.33	-28.99	-31.07	-34.41	-40.79
Interest Income	35.08	35.08	37.59	37.02	27.2	29.79
Net Interest Expense	7.75	7.75	8.6	5.94	-7.21	-11
Other Non-Operating Income (Expenses)	0.22	-2.11	0.39	0.15	-0.76	0.76
EBT Excluding Unusual Items	12.27	13.62	29.4	37.43	51.43	135.43
Gain (Loss) on Sale of Investments	1.9	1.9	5.55	-0.51	2.97	4.43
Gain (Loss) on Sale of Assets	11.85	11.85	3.29	1.12	63	-1.3
Asset Writedown	-1.33	-0.66	-0.07	-3.65	-0.55	-2.52
Other Unusual Items	8.3	8.3	8.5	9.76	0.21	6.49
Pretax Income	32.98	35.01	46.67	44.16	117.06	142.54
Income Tax Expense	8.71	8.71	18.26	18.26	31.09	20.71
Earnings From Continuing Ops.	24.27	26.3	28.41	25.9	85.97	121.83
Minority Interest in Earnings	-1.51	-2.98	-5.84	-1.6	-15.39	-4.22
Net Income	22.75	23.32	22.57	24.3	70.58	117.61
Net Income to Common	22.75	23.32	22.57	24.3	70.58	117.61
Net Income Growth	-14.30%	3.30%	-7.11%	-65.57%	-39.99%	14.70%
Shares Outstanding (Basic)	571	572	539	539	538	539
Shares Outstanding (Diluted)	571	572	539	539	538	539
Shares Change (YoY)	4.33%	6.09%	-0.01%	0.07%	-0.03%	-
EPS (Basic)	0.04	0.04	0.04	0.05	0.13	0.22
EPS (Diluted)	0.04	0.04	0.04	0.05	0.13	0.22
EPS Growth	-17.86%	-2.63%	-7.09%	-65.60%	-39.97%	14.71%
Free Cash Flow	108.34	-10.06	-39.38	56.98	-58.63	160.97
Free Cash Flow Per Share	0.19	-0.02	-0.07	0.11	-0.11	0.30
Dividend Per Share	0.015	0.015	-	-	-	-
Profit Margin	0.68%	0.69%	0.71%	0.81%	2.46%	4.57%
Free Cash Flow Margin	3.26%	-0.30%	-1.23%	1.91%	-2.04%	6.26%
EBITDA	198.07	198.54	198.41	204.81	223.14	301.57
EBITDA Margin	5.96%	5.85%	6.21%	6.86%	7.77%	11.73%
D&A For EBITDA	193.7	190.56	178	173.47	163.73	155.89
EBIT	4.38	7.98	20.41	31.34	59.41	145.67
EBIT Margin	0.13%	0.24%	0.64%	1.05%	2.07%	5.67%
Effective Tax Rate	26.42%	24.87%	39.12%	41.34%	26.56%	14.53%
Revenue as Reported	3,395	3,395	3,196	2,986	2,872	2,571

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