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	Jun '26 Jun 30, 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	10,482	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	11,977	12,792	12,070	11,704	10,822	14,468
Revenue Growth	-2.83%	5.98%	3.13%	8.15%	-25.20%	4.45%
Cost of Revenue	8,110	9,245	8,635	8,554	8,096	11,332
Gross Profit	3,867	3,547	3,435	3,150	2,726	3,136
Selling, General & Admin	1,697	1,613	1,631	1,527	1,463	1,496
Research & Development	97.95	97.35	95.07	93.06	98.17	144.47
Other Operating Expenses	4.52	9.86	28.24	42.39	-26.07	-1.04
Operating Expenses	1,806	1,726	1,757	1,665	1,522	1,642
Operating Income	2,061	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	473.4	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)	2.79	-3.11	-2.73	-0.82	1.32	-29.62
EBT Excluding Unusual Items	2,377	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	-11.52	-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	2,395	2,054	1,910	1,761	1,493	1,809
Income Tax Expense	574.46	518.26	407.41	329.86	341.68	430.85
Earnings From Continuing Operations	1,820	1,536	1,503	1,431	1,151	1,378
Minority Interest in Earnings	-665.75	-554.81	-509.12	-449.14	-410.84	-405.53
Net Income	1,155	980.7	993.63	981.65	740.33	972.83
Net Income to Common	1,155	980.7	993.63	981.65	740.33	972.83
Net Income Growth	31.10%	-1.30%	1.22%	32.60%	-23.90%	41.66%
Shares Outstanding (Basic)	2,876	2,884	2,922	2,887	2,847	2,861
Shares Outstanding (Diluted)	2,876	2,884	2,922	2,887	2,847	2,861
Shares Change	-2.02%	-1.30%	1.22%	1.40%	-0.48%	-0.00%
EPS (Basic)	0.40	0.34	0.34	0.34	0.26	0.34
EPS (Diluted)	0.40	0.34	0.34	0.34	0.26	0.34
EPS Growth	33.80%	0%	0%	30.77%	-23.53%	41.67%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	1,156	1,183	1,814	1,403	1,242	1,835
Free Cash Flow Per Share	0.40	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	32.29%	27.73%	28.46%	26.92%	25.19%	21.68%
Operating Margin	17.21%	14.23%	13.90%	12.69%	11.13%	10.33%
Profit Margin	9.64%	7.67%	8.23%	8.39%	6.84%	6.72%
Free Cash Flow Margin	9.65%	9.25%	15.02%	11.99%	11.48%	12.68%
EBITDA	3,139	2,902	2,806	2,593	2,301	2,704
EBITDA Margin	26.20%	22.68%	23.25%	22.15%	21.26%	18.69%
D&A For EBITDA	1,077	1,081	1,128	1,107	1,096	1,210
EBIT	2,061	1,821	1,678	1,486	1,204	1,494
EBIT Margin	17.21%	14.23%	13.90%	12.69%	11.13%	10.33%
Effective Tax Rate	23.99%	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