China Yangtze Power 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	87,081	85,985	84,285	77,872	68,674	54,640
Other Revenue	257	257	207	271.27	189.44	1,006
Revenue	87,338	86,242	84,492	78,144	68,863	55,646
Revenue Growth (YoY)	1.73%	2.07%	8.12%	13.48%	23.75%	-3.70%
Selling, General & Admin	1,861	1,851	1,750	1,557	1,710	1,510
Provision for Bad Debts	27.83	26.35	32.45	2.4	6.95	11.73
Other Operating Expenses	36,454	36,382	36,507	34,598	31,026	22,233
Total Operating Expenses	39,546	39,426	39,181	36,946	32,833	23,795
Operating Income	47,792	46,816	45,311	41,197	36,030	31,852
Interest Expense	-9,117	-9,509	-11,327	-12,742	-9,801	-4,803
Interest Income	4,999	5,107	5,462	4,989	4,804	5,543
Net Interest Expense	-4,117	-4,401	-5,865	-7,753	-4,997	740.08
Currency Exchange Gain (Loss)	7.45	7.45	20.18	-18.77	47.86	-62.68
Other Non-Operating Income (Expenses)	-603.89	-594.57	-799.85	-842.81	-642.32	-470.48
EBT Excluding Unusual Items	43,079	41,827	38,667	32,583	30,439	32,058
Impairment of Goodwill	-11.53	-11.53	-	-	-	-
Gain (Loss) on Sale of Investments	929.92	193.89	211.84	-162.88	-609.45	335.48
Gain (Loss) on Sale of Assets	1.8	-0.46	-6.98	6.34	-52.13	13.91
Asset Writedown	-22.69	-22.65	-14.18	-24.81	-13.38	-0.09
Other Unusual Items	-246.49	-246.49	5.16	22.8	2.32	1.6
Pretax Income	43,730	41,740	38,862	32,424	29,766	32,409
Income Tax Expense	7,187	6,791	5,932	4,457	4,664	5,924
Earnings From Continuing Ops.	36,542	34,949	32,930	27,967	25,102	26,485
Net Income to Company	36,542	34,949	32,930	27,967	25,102	26,485
Minority Interest in Earnings	-459.08	-446.46	-434.03	-722.85	-1,376	-212.45
Net Income	36,083	34,503	32,496	27,245	23,726	26,273
Net Income to Common	36,083	34,503	32,496	27,245	23,726	26,273
Net Income Growth	7.04%	6.17%	19.28%	14.83%	-9.70%	-0.10%
Shares Outstanding (Basic)	24,468	24,468	24,468	24,468	24,467	22,741
Shares Outstanding (Diluted)	24,468	24,468	24,468	24,468	24,467	22,741
Shares Change (YoY)	-0.01%	0.00%	0.00%	0.00%	7.59%	2.50%
EPS (Basic)	1.47	1.41	1.33	1.11	0.97	1.16
EPS (Diluted)	1.47	1.41	1.33	1.11	0.97	1.16
EPS Growth	7.05%	6.17%	19.27%	14.83%	-16.06%	-2.53%
Free Cash Flow	43,317	42,074	45,014	52,332	31,007	32,259
Free Cash Flow Per Share	1.77	1.72	1.84	2.14	1.27	1.42
Dividend Per Share	1.000	1.000	0.943	0.820	0.853	0.815
Dividend Growth	6.04%	6.04%	15.00%	-3.90%	4.66%	16.47%
Profit Margin	41.31%	40.01%	38.46%	34.87%	34.45%	47.21%
Free Cash Flow Margin	49.60%	48.79%	53.28%	66.97%	45.03%	57.97%
EBITDA	66,825	65,972	64,962	60,301	52,901	43,258
EBITDA Margin	76.51%	76.50%	76.89%	77.17%	76.82%	77.74%
D&A For EBITDA	19,032	19,156	19,651	19,103	16,871	11,407
EBIT	47,792	46,816	45,311	41,197	36,030	31,852
EBIT Margin	54.72%	54.28%	53.63%	52.72%	52.32%	57.24%
Effective Tax Rate	16.44%	16.27%	15.27%	13.74%	15.67%	18.28%
Revenue as Reported	87,338	86,242	84,492	78,144	68,863	55,646

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