Tianjin Capital Environmental Protection Group Company Limited (SHA:600874)

SHA:600874 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,624	4,566	4,411	4,295	4,282	3,127
Other Revenue	261.53	261.53	254.37	227.51	253.09	236.75
Revenue	4,885	4,827	4,665	4,522	4,536	3,364
Revenue Growth (YoY)	1.93%	3.48%	3.16%	-0.30%	34.83%	17.97%
Cost of Revenue	3,008	2,917	2,853	2,993	3,200	2,189
Gross Profit	1,877	1,910	1,812	1,529	1,336	1,175
Selling, General & Admin	243.61	249.63	242.53	227.04	225.21	189.35
Research & Development	58.57	61.21	50.78	42.33	16.05	13.11
Other Operating Expenses	118.39	60.66	48.11	39.53	25.2	-15.89
Operating Expenses	510.44	462.58	416.93	363.61	261.4	274.91
Operating Income	1,367	1,448	1,395	1,165	1,075	900.32
Interest Expense	-93.37	-381.72	-390.84	-403.07	-339.42	-272.03
Interest & Investment Income	-	23.24	168.98	211.94	193.66	23.04
Currency Exchange Gain (Loss)	15.81	15.81	9.57	12.09	30.65	10.49
Other Non Operating Income (Expenses)	-208.26	-1.81	-0.92	-0.71	-2.49	-0.59
EBT Excluding Unusual Items	1,081	1,103	1,182	985.57	957.01	661.23
Impairment of Goodwill	-150.05	-150.05	-169.76	-85.65	-99.66	-
Gain (Loss) on Sale of Investments	-	-	-4.26	-3.6	-	-
Gain (Loss) on Sale of Assets	-4.19	-0.63	-0	-2.57	-0.71	0.02
Asset Writedown	-	-	-	-20.81	-52.16	-34.81
Other Unusual Items	142	94.52	98.58	96.34	91.58	91.74
Pretax Income	1,069	1,047	1,106	969.3	896.06	718.18
Income Tax Expense	190.25	176.4	202.77	156.69	177.05	112.05
Earnings From Continuing Operations	878.63	870.66	903.44	812.61	719.01	606.14
Minority Interest in Earnings	-47.11	-63.45	-38.24	-61.35	-25.82	-36.1
Net Income	831.52	807.21	865.21	751.25	693.19	570.04
Net Income to Common	831.52	807.21	865.21	751.25	693.19	570.04
Net Income Growth	-5.67%	-6.70%	15.17%	8.38%	21.60%	12.41%
Shares Outstanding (Basic)	1,571	1,583	1,573	1,473	1,415	1,425
Shares Outstanding (Diluted)	1,571	1,583	1,573	1,473	1,415	1,425
Shares Change (YoY)	-0.21%	0.61%	6.79%	4.13%	-0.73%	1.17%
EPS (Basic)	0.53	0.51	0.55	0.51	0.49	0.40
EPS (Diluted)	0.53	0.51	0.55	0.51	0.49	0.40
EPS Growth	-5.47%	-7.27%	7.84%	4.08%	22.50%	11.11%
Free Cash Flow	339.23	695.57	-674.32	245.19	98.14	-1,011
Free Cash Flow Per Share	0.22	0.44	-0.43	0.17	0.07	-0.71
Dividend Per Share	0.170	0.170	0.166	0.144	0.146	0.120
Dividend Growth	2.41%	2.41%	15.28%	-1.37%	21.67%	12.15%
Gross Margin	38.43%	39.57%	38.84%	33.81%	29.46%	34.94%
Operating Margin	27.98%	29.99%	29.90%	25.77%	23.69%	26.76%
Profit Margin	17.02%	16.72%	18.55%	16.61%	15.28%	16.95%
Free Cash Flow Margin	6.94%	14.41%	-14.46%	5.42%	2.16%	-30.05%
EBITDA	2,191	2,199	2,050	1,760	1,702	1,474
EBITDA Margin	44.85%	45.56%	43.94%	38.91%	37.53%	43.80%
D&A For EBITDA	823.82	751.49	655.04	594.3	627.66	573.22
EBIT	1,367	1,448	1,395	1,165	1,075	900.32
EBIT Margin	27.98%	29.99%	29.90%	25.77%	23.69%	26.76%
Effective Tax Rate	17.80%	16.85%	18.33%	16.17%	19.76%	15.60%
Revenue as Reported	1,438	4,827	4,665	4,522	4,536	3,364

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