Dalian Thermal Power Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	604.92	624.44	627.65	616.89	652.1
Other Revenue	-	4.09	4.93	190.07	7.58
Revenue	604.92	628.53	632.58	806.96	659.68
Revenue Growth (YoY)	-3.76%	-0.64%	-21.61%	22.33%	-2.16%
Operations & Maintenance	-	0.14	1.31	6.24	40.98
Selling, General & Admin	29.59	29.49	31.98	48.23	32.16
Provision for Bad Debts	-	2.83	1.75	1.31	0.76
Other Operating Expenses	540.56	649.21	729.8	854.21	652.95
Total Operating Expenses	570.16	681.68	764.83	910	726.85
Operating Income	34.76	-53.14	-132.26	-103.03	-67.17
Interest Expense	-	-81	-78.78	-47.54	-33.23
Interest Income	-	1.39	0.17	1.29	5.36
Net Interest Expense	-	-79.61	-78.61	-46.25	-27.87
Other Non-Operating Income (Expenses)	-129.64	-12.66	-12.77	-1.57	-7.36
EBT Excluding Unusual Items	-94.88	-145.41	-223.64	-150.85	-102.4
Gain (Loss) on Sale of Assets	-	-0.29	339.47	-4.69	-35.07
Asset Writedown	-	-	-	-1.61	-
Legal Settlements	-	-0.13	-0.28	-0.04	-0.05
Other Unusual Items	-	-0.28	0.93	1.19	-5.86
Pretax Income	-94.88	-146.11	116.49	-155.99	-143.38
Income Tax Expense	-0.17	-0.17	10.92	0.55	-0.16
Net Income	-94.71	-145.94	105.57	-156.55	-143.22
Net Income to Common	-94.71	-145.94	105.57	-156.55	-143.22
Shares Outstanding (Basic)	405	404	404	405	405
Shares Outstanding (Diluted)	405	404	404	405	405
Shares Change (YoY)	0.12%	-0.05%	-0.01%	-0.01%	0.53%
EPS (Basic)	-0.23	-0.36	0.26	-0.39	-0.35
EPS (Diluted)	-0.23	-0.36	0.26	-0.39	-0.35
Free Cash Flow	-79.84	-134.4	-293.8	-34.91	-212.16
Free Cash Flow Per Share	-0.20	-0.33	-0.73	-0.09	-0.52
Profit Margin	-15.66%	-23.22%	16.69%	-19.40%	-21.71%
Free Cash Flow Margin	-13.20%	-21.38%	-46.44%	-4.33%	-32.16%
EBITDA	183.77	81.36	-13.3	-3.63	25.05
EBITDA Margin	30.38%	12.94%	-2.10%	-0.45%	3.80%
D&A For EBITDA	149.01	134.5	118.96	99.4	92.23
EBIT	34.76	-53.14	-132.26	-103.03	-67.17
EBIT Margin	5.75%	-8.46%	-20.91%	-12.77%	-10.18%
Effective Tax Rate	-	-	9.38%	-	-
Revenue as Reported	-	628.53	632.58	806.96	659.68

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