Tianjin Port Holdings 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	10,914	11,297	10,711	10,470	9,626	13,103
Other Revenue	1,495	1,495	1,359	1,234	1,196	1,365
Revenue	12,410	12,792	12,070	11,704	10,822	14,468
Revenue Growth (YoY)	0.92%	5.98%	3.13%	8.15%	-25.20%	4.45%
Cost of Revenue	8,689	9,245	8,635	8,554	8,096	11,332
Gross Profit	3,720	3,547	3,435	3,150	2,726	3,136
Selling, General & Admin	1,643	1,613	1,631	1,527	1,463	1,496
Research & Development	96.65	97.35	95.07	93.06	98.17	144.47
Other Operating Expenses	7.86	9.86	28.24	42.39	-26.07	-1.04
Operating Expenses	1,754	1,726	1,757	1,665	1,522	1,642
Operating Income	1,966	1,821	1,678	1,486	1,204	1,494
Interest Expense	-152.89	-152.89	-225.43	-241.42	-293.67	-401.41
Interest & Investment Income	378.13	449.55	438.97	483.4	559.25	755.5
Currency Exchange Gain (Loss)	-7.52	-7.52	4.3	3.36	24.19	-2.64
Other Non Operating Income (Expenses)	-6.97	-3.11	-2.73	-0.82	1.32	-29.62
EBT Excluding Unusual Items	2,261	2,107	1,893	1,730	1,495	1,816
Impairment of Goodwill	-3.73	-3.73	-5.72	-6.33	-3.9	-
Gain (Loss) on Sale of Assets	-81.08	-82.12	-2.46	26.28	-13.07	3.54
Asset Writedown	0.07	-	-	-	-	-21
Other Unusual Items	32.96	32.96	25.37	10.54	14.38	10.47
Pretax Income	2,210	2,054	1,910	1,761	1,493	1,809
Income Tax Expense	577.23	518.26	407.41	329.86	341.68	430.85
Earnings From Continuing Operations	1,632	1,536	1,503	1,431	1,151	1,378
Minority Interest in Earnings	-573.91	-554.81	-509.12	-449.14	-410.84	-405.53
Net Income	1,059	980.7	993.63	981.65	740.33	972.83
Net Income to Common	1,059	980.7	993.63	981.65	740.33	972.83
Net Income Growth	9.89%	-1.30%	1.22%	32.60%	-23.90%	41.66%
Shares Outstanding (Basic)	2,932	2,884	2,922	2,887	2,847	2,861
Shares Outstanding (Diluted)	2,932	2,884	2,922	2,887	2,847	2,861
Shares Change (YoY)	0.55%	-1.30%	1.22%	1.40%	-0.48%	-0.00%
EPS (Basic)	0.36	0.34	0.34	0.34	0.26	0.34
EPS (Diluted)	0.36	0.34	0.34	0.34	0.26	0.34
EPS Growth	9.29%	-	-	30.77%	-23.53%	41.67%
Free Cash Flow	1,089	1,183	1,814	1,403	1,242	1,835
Free Cash Flow Per Share	0.37	0.41	0.62	0.49	0.44	0.64
Dividend Per Share	0.102	0.102	0.104	0.102	0.077	0.101
Dividend Growth	-1.92%	-1.92%	1.96%	32.47%	-23.76%	40.87%
Gross Margin	29.98%	27.73%	28.46%	26.92%	25.19%	21.68%
Operating Margin	15.84%	14.23%	13.90%	12.69%	11.13%	10.33%
Profit Margin	8.53%	7.67%	8.23%	8.39%	6.84%	6.72%
Free Cash Flow Margin	8.78%	9.25%	15.02%	11.99%	11.48%	12.68%
EBITDA	3,035	2,902	2,806	2,593	2,301	2,704
EBITDA Margin	24.46%	22.68%	23.25%	22.15%	21.26%	18.69%
D&A For EBITDA	1,069	1,081	1,128	1,107	1,096	1,210
EBIT	1,966	1,821	1,678	1,486	1,204	1,494
EBIT Margin	15.84%	14.23%	13.90%	12.69%	11.13%	10.33%
Effective Tax Rate	26.12%	25.24%	21.33%	18.73%	22.89%	23.81%
Revenue as Reported	12,792	12,792	12,070	11,704	10,822	14,468

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