SHA:600780 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	11,219	11,259	10,820	10,887	11,108	7,824
Other Revenue	5.75	5.75	8.46	-	10.22	6.72
Revenue	11,225	11,264	10,829	10,887	11,118	7,831
Revenue Growth (YoY)	1.16%	4.02%	-0.53%	-2.08%	41.98%	12.80%
Operations & Maintenance	90.33	90.33	103.51	133.27	147.26	154.27
Selling, General & Admin	301	333.33	337.53	336.41	330.15	305.67
Provision for Bad Debts	8.27	3.26	8.12	-1.59	34.54	-1.35
Other Operating Expenses	10,168	10,182	9,946	9,859	9,895	7,316
Total Operating Expenses	10,570	10,611	10,398	10,328	10,408	7,776
Operating Income	655.12	653.61	430.69	558.77	710.61	54.72
Interest Expense	-15.61	-13.25	-18.75	-23.97	-31.99	-44.25
Interest Income	185.28	187.9	235.07	297.12	346.93	269.57
Net Interest Expense	169.67	174.65	216.33	273.15	314.94	225.32
Other Non-Operating Income (Expenses)	-4.87	-7.28	-5.17	-2.92	-3	8.9
EBT Excluding Unusual Items	822.1	820.99	641.85	829.01	1,023	288.94
Gain (Loss) on Sale of Investments	-0.31	-0.36	1.41	0.7	0.09	0.09
Gain (Loss) on Sale of Assets	-0.87	-0.87	5.64	-0.24	-2.11	-0.55
Asset Writedown	-	-	-0.25	-	-0.37	-0.86
Insurance Settlements	3.09	3.09	0.96	2.28	6.72	0.96
Other Unusual Items	17.52	18.94	28.8	13.49	13.18	4.57
Pretax Income	841.53	841.78	678.41	845.24	1,040	293.15
Income Tax Expense	190.91	194.85	166.99	166.73	187.17	109.65
Earnings From Continuing Ops.	650.63	646.93	511.42	678.51	852.91	183.5
Minority Interest in Earnings	1.24	1.24	1.25	1.27	1.83	2.6
Net Income	651.86	648.17	512.67	679.78	854.73	186.1
Net Income to Common	651.86	648.17	512.67	679.78	854.73	186.1
Net Income Growth	19.03%	26.43%	-24.58%	-20.47%	359.29%	-37.95%
Shares Outstanding (Basic)	1,147	1,147	1,146	1,147	1,147	1,147
Shares Outstanding (Diluted)	1,147	1,147	1,146	1,147	1,147	1,147
Shares Change (YoY)	0.02%	0.02%	-0.01%	-	-0.01%	0.02%
EPS (Basic)	0.57	0.57	0.45	0.59	0.75	0.16
EPS (Diluted)	0.57	0.57	0.45	0.59	0.75	0.16
EPS Growth	19.01%	26.41%	-24.57%	-20.47%	359.33%	-37.96%
Free Cash Flow	381.96	438.02	685.31	526.09	734.57	346.89
Free Cash Flow Per Share	0.33	0.38	0.60	0.46	0.64	0.30
Dividend Per Share	0.180	0.180	-	0.180	-	-
Profit Margin	5.81%	5.75%	4.73%	6.24%	7.69%	2.38%
Free Cash Flow Margin	3.40%	3.89%	6.33%	4.83%	6.61%	4.43%
EBITDA	1,226	1,234	1,053	1,212	1,397	755.71
EBITDA Margin	10.92%	10.96%	9.72%	11.13%	12.57%	9.65%
D&A For EBITDA	570.43	580.82	622.36	653.41	686.77	700.99
EBIT	655.12	653.61	430.69	558.77	710.61	54.72
EBIT Margin	5.84%	5.80%	3.98%	5.13%	6.39%	0.70%
Effective Tax Rate	22.69%	23.15%	24.62%	19.73%	18.00%	37.41%
Revenue as Reported	11,225	11,264	10,829	10,887	11,118	7,831