Revenue by Segment

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	Dec '20 Dec 31, 2020
Project Operation	4.22B	-	-	1.88B	-
Unallocated Other Operations	62.27M	-	-	36.52M	-
PPP Construction Business	-	-	-	14.97M	-
Total	4.29B	-	-	1.93B	-

Revenue by Geography

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	Dec '20 Dec 31, 2020
China	4.29B	3.76B	3.54B	3.29B	2.54B
China Growth	13.88%	6.45%	7.38%	29.87%	37.58%
Total	4.29B	3.76B	3.54B	3.29B	2.54B
Total Growth	13.88%	6.45%	7.38%	29.87%	37.58%

Source: S&P Global Market Intelligence.