SDIC Power Holdings 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	51,963	52,571	57,529	56,312	50,086	43,287
Other Revenue	443.32	443.32	290.06	399.51	403.67	478.91
Revenue	52,406	53,014	57,819	56,712	50,489	43,766
Revenue Growth (YoY)	-7.79%	-8.31%	1.95%	12.32%	15.36%	11.31%
Operations & Maintenance	10.58	10.58	6.64	8.56	6.46	5.47
Selling, General & Admin	2,099	2,083	1,948	1,807	1,511	1,330
Provision for Bad Debts	83.32	67.38	174.61	146.55	-112.41	113.48
Other Operating Expenses	32,160	32,645	37,222	37,126	35,379	31,677
Total Operating Expenses	34,547	35,002	39,521	39,189	36,824	33,158
Operating Income	17,859	18,012	18,298	17,523	13,665	10,609
Interest Expense	-3,979	-4,092	-4,368	-4,612	-5,087	-4,396
Interest Income	2,514	2,436	2,098	1,359	729.98	247.47
Net Interest Expense	-1,465	-1,656	-2,270	-3,254	-4,357	-4,149
Currency Exchange Gain (Loss)	-12.74	-12.74	-17.05	9.87	-4.16	-24.93
Other Non-Operating Income (Expenses)	-22.96	-26.23	-46.02	94.42	-12.07	-20.95
EBT Excluding Unusual Items	16,358	16,317	15,965	14,374	9,293	6,414
Impairment of Goodwill	-39.82	-39.82	-	-	-	-
Gain (Loss) on Sale of Investments	6.77	4.51	-149.22	-201.68	21.75	-37.28
Gain (Loss) on Sale of Assets	16.37	15.47	-65.3	3.71	19.54	18.64
Asset Writedown	-39.16	-43.59	-27.66	-31.92	-18.24	-32.65
Insurance Settlements	4.06	4.06	0.23	7.75	-	-
Legal Settlements	8.14	8.14	-	19.84	-	-
Other Unusual Items	52.74	52.74	-17.07	43.8	117.43	222.85
Pretax Income	16,367	16,318	15,706	14,215	9,433	6,585
Income Tax Expense	2,902	2,857	3,681	2,055	1,753	1,372
Earnings From Continuing Ops.	13,466	13,461	12,025	12,160	7,680	5,213
Minority Interest in Earnings	-6,032	-6,067	-5,382	-5,455	-3,600	-2,757
Net Income	7,433	7,393	6,643	6,705	4,081	2,456
Preferred Dividends & Other Adjustments	140.5	140.5	180.64	-	-	-
Net Income to Common	7,293	7,253	6,462	6,705	4,081	2,456
Net Income Growth	11.18%	11.29%	-0.92%	64.31%	66.16%	-55.47%
Shares Outstanding (Basic)	8,005	7,913	7,454	7,659	7,825	7,606
Shares Outstanding (Diluted)	8,005	7,913	7,454	7,659	7,825	7,606
Shares Change (YoY)	6.87%	6.15%	-2.68%	-2.12%	2.88%	7.14%
EPS (Basic)	0.91	0.92	0.87	0.88	0.52	0.32
EPS (Diluted)	0.91	0.92	0.87	0.88	0.52	0.32
EPS Growth	4.90%	5.73%	-0.97%	67.86%	61.50%	-58.44%
Free Cash Flow	9,790	10,131	2,891	1,016	6,758	5,354
Free Cash Flow Per Share	1.22	1.28	0.39	0.13	0.86	0.70
Dividend Per Share	0.508	0.508	0.457	0.495	0.275	0.164
Dividend Growth	11.30%	11.30%	-7.74%	79.93%	68.20%	-41.61%
Profit Margin	13.92%	13.68%	11.18%	11.82%	8.08%	5.61%
Free Cash Flow Margin	18.68%	19.11%	5.00%	1.79%	13.38%	12.23%
EBITDA	28,245	28,382	28,601	27,348	23,247	19,164
EBITDA Margin	53.90%	53.54%	49.47%	48.22%	46.04%	43.79%
D&A For EBITDA	10,386	10,370	10,304	9,825	9,581	8,555
EBIT	17,859	18,012	18,298	17,523	13,665	10,609
EBIT Margin	34.08%	33.98%	31.65%	30.90%	27.07%	24.24%
Effective Tax Rate	17.73%	17.51%	23.44%	14.46%	18.58%	20.84%
Revenue as Reported	52,406	53,014	57,819	56,712	50,489	43,766

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