SHA:600863 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	20,310	21,050	21,678	22,344	23,021	18,953
Other Revenue	-	-	615.86	181.73	44.39	48.72
Revenue	20,310	21,050	22,294	22,525	23,066	19,001
Revenue Growth (YoY)	-14.42%	-5.58%	-1.03%	-2.34%	21.39%	23.70%
Selling, General & Admin	50.82	50.33	49.29	30.25	33.86	27.4
Provision for Bad Debts	-	-	8.21	-10.22	169.07	-2.69
Other Operating Expenses	16,502	16,867	18,842	18,699	19,676	17,685
Total Operating Expenses	16,608	16,972	18,935	18,765	19,893	17,716
Operating Income	3,702	4,078	3,359	3,760	3,173	1,285
Interest Expense	-	-	-284.79	-398.65	-584.57	-747.06
Interest Income	406.56	464.78	383.01	196.76	193.45	9.83
Net Interest Expense	406.56	464.78	98.22	-201.89	-391.12	-737.23
Currency Exchange Gain (Loss)	-	-	-1.36	-1.52	-13.86	6.09
Other Non-Operating Income (Expenses)	-574.99	-593.15	-346.02	-549.32	-1.85	-34.33
EBT Excluding Unusual Items	3,632	3,950	3,110	3,008	2,766	519.4
Impairment of Goodwill	-	-	-28.4	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	-48.26
Gain (Loss) on Sale of Assets	43.41	43.41	30.8	11.91	-8.16	-7.62
Asset Writedown	-248.66	-248.66	-265.2	-567.38	-413.45	-
Other Unusual Items	-	-	29.32	73.92	37.23	80.16
Pretax Income	3,427	3,745	2,876	2,526	2,381	543.68
Income Tax Expense	459.06	504.08	517.44	515.11	360.97	360.29
Earnings From Continuing Ops.	2,968	3,241	2,359	2,011	2,020	183.39
Minority Interest in Earnings	-701.5	-747.21	-33.75	-6.02	-253.1	311.72
Net Income	2,267	2,493	2,325	2,005	1,767	495.11
Preferred Dividends & Other Adjustments	-	-	97.18	112.82	121.45	136.97
Net Income to Common	2,267	2,493	2,228	1,892	1,646	358.14
Net Income Growth	-26.23%	7.23%	15.98%	13.44%	256.97%	-34.77%
Shares Outstanding (Basic)	7,378	7,334	6,553	6,524	6,584	5,969
Shares Outstanding (Diluted)	7,378	7,334	6,553	6,524	6,584	5,969
Shares Change (YoY)	-4.91%	11.91%	0.44%	-0.90%	10.30%	-13.50%
EPS (Basic)	0.31	0.34	0.34	0.29	0.25	0.06
EPS (Diluted)	0.31	0.34	0.34	0.29	0.25	0.06
EPS Growth	-22.42%	-	17.24%	16.00%	316.67%	-45.45%
Free Cash Flow	2,541	2,961	1,354	2,942	3,971	2,071
Free Cash Flow Per Share	0.34	0.40	0.21	0.45	0.60	0.35
Dividend Per Share	-	-	0.220	0.185	0.164	0.100
Dividend Growth	-	-	18.92%	12.80%	64.00%	-20.64%
Profit Margin	11.16%	11.85%	9.99%	8.40%	7.14%	1.88%
Free Cash Flow Margin	12.51%	14.06%	6.08%	13.06%	17.21%	10.90%
EBITDA	6,099	6,457	5,664	6,399	5,984	3,966
EBITDA Margin	30.03%	30.68%	25.41%	28.41%	25.94%	20.87%
D&A For EBITDA	2,397	2,379	2,305	2,639	2,811	2,681
EBIT	3,702	4,078	3,359	3,760	3,173	1,285
EBIT Margin	18.23%	19.37%	15.07%	16.69%	13.76%	6.76%
Effective Tax Rate	13.40%	13.46%	17.99%	20.39%	15.16%	66.27%
Revenue as Reported	-	-	22,294	22,525	23,066	19,001

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