SHA:600863 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	20,147	21,678	22,344	23,021	18,953	15,316
Other Revenue	615.86	615.86	181.73	44.39	48.72	44.57
Revenue	20,762	22,294	22,525	23,066	19,001	15,361
Revenue Growth (YoY)	-6.16%	-1.03%	-2.34%	21.39%	23.70%	6.10%
Selling, General & Admin	48.09	49.29	30.25	33.86	27.4	23.63
Provision for Bad Debts	8.22	8.21	-10.22	169.07	-2.69	27.54
Other Operating Expenses	17,328	18,842	18,699	19,676	17,685	13,530
Total Operating Expenses	17,422	18,935	18,765	19,893	17,716	13,599
Operating Income	3,341	3,359	3,760	3,173	1,285	1,761
Interest Expense	-236.59	-284.79	-398.65	-584.57	-747.06	-858.04
Interest Income	499.71	383.01	196.76	193.45	9.83	337.43
Net Interest Expense	263.12	98.22	-201.89	-391.12	-737.23	-520.62
Currency Exchange Gain (Loss)	-1.36	-1.36	-1.52	-13.86	6.09	13.65
Other Non-Operating Income (Expenses)	-382.08	-346.02	-549.32	-1.85	-34.33	-15.32
EBT Excluding Unusual Items	3,220	3,110	3,008	2,766	519.4	1,239
Impairment of Goodwill	-28.4	-28.4	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-48.26	1.98
Gain (Loss) on Sale of Assets	-1.44	30.8	11.91	-8.16	-7.62	0.34
Asset Writedown	-265.2	-265.2	-567.38	-413.45	-	-356.44
Other Unusual Items	26.2	29.32	73.92	37.23	80.16	32.24
Pretax Income	2,951	2,876	2,526	2,381	543.68	916.91
Income Tax Expense	481.1	517.44	515.11	360.97	360.29	217.4
Earnings From Continuing Ops.	2,470	2,359	2,011	2,020	183.39	699.51
Minority Interest in Earnings	-406.74	-33.75	-6.02	-253.1	311.72	59.55
Net Income	2,064	2,325	2,005	1,767	495.11	759.06
Preferred Dividends & Other Adjustments	132.94	97.18	112.82	121.45	136.97	-
Net Income to Common	1,931	2,228	1,892	1,646	358.14	759.06
Net Income Growth	-9.91%	15.98%	13.44%	256.97%	-34.77%	-31.25%
Shares Outstanding (Basic)	6,484	6,553	6,524	6,584	5,969	6,901
Shares Outstanding (Diluted)	6,484	6,553	6,524	6,584	5,969	6,901
Shares Change (YoY)	1.12%	0.44%	-0.90%	10.30%	-13.50%	6.25%
EPS (Basic)	0.30	0.34	0.29	0.25	0.06	0.11
EPS (Diluted)	0.30	0.34	0.29	0.25	0.06	0.11
EPS Growth	-12.33%	17.24%	16.00%	316.67%	-45.45%	-35.29%
Free Cash Flow	882.35	1,354	2,942	3,971	2,071	2,754
Free Cash Flow Per Share	0.14	0.21	0.45	0.60	0.35	0.40
Dividend Per Share	0.220	0.220	0.185	0.164	0.100	0.126
Dividend Growth	18.92%	18.92%	12.80%	64.00%	-20.64%	-
Profit Margin	9.30%	9.99%	8.40%	7.14%	1.88%	4.94%
Free Cash Flow Margin	4.25%	6.08%	13.06%	17.21%	10.90%	17.93%
EBITDA	5,395	5,664	6,399	5,984	3,966	4,378
EBITDA Margin	25.98%	25.41%	28.41%	25.94%	20.87%	28.50%
D&A For EBITDA	2,054	2,305	2,639	2,811	2,681	2,617
EBIT	3,341	3,359	3,760	3,173	1,285	1,761
EBIT Margin	16.09%	15.07%	16.69%	13.76%	6.76%	11.46%
Effective Tax Rate	16.30%	17.99%	20.39%	15.16%	66.27%	23.71%
Revenue as Reported	20,762	22,294	22,525	23,066	19,001	15,361

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