Jiangsu Jiangnan Water Co., Ltd. (SHA:601199)

Jiangsu Jiangnan Water 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,512	1,513	1,344	1,249	1,093	930.32
Other Revenue	19.97	19.97	20.11	19.46	20.33	22.82
Revenue	1,532	1,533	1,364	1,268	1,114	953.14
Revenue Growth (YoY)	12.15%	12.39%	7.57%	13.87%	16.83%	-3.89%
Operations & Maintenance	2.19	2.19	2.07	3.27	1.61	1.69
Selling, General & Admin	201.69	192.06	196.52	191.99	196.93	180.05
Provision for Bad Debts	6.87	23.71	-1.63	2.56	31.88	16
Other Operating Expenses	1,012	1,002	821.46	737.89	566.63	466.31
Total Operating Expenses	1,229	1,226	1,025	944.01	802.82	666.1
Operating Income	302.84	306.92	338.86	324.01	310.77	287.04
Interest Expense	-22.52	-22.82	-27.78	-30.86	-36.66	-10.06
Interest Income	208.36	205.02	121.65	87.81	104.94	43.9
Net Interest Expense	185.84	182.19	93.87	56.95	68.28	33.84
Other Non-Operating Income (Expenses)	2.25	1.15	0.15	-3.07	-1.25	-3.15
EBT Excluding Unusual Items	490.93	490.27	432.88	377.89	377.81	317.73
Gain (Loss) on Sale of Investments	8.67	4.08	-10.45	-4	-8.16	2.26
Gain (Loss) on Sale of Assets	-0.14	0.24	14.47	0.15	0.16	-4.52
Asset Writedown	12.15	-	-0.35	-2.1	-	-
Other Unusual Items	-3.12	-2.15	-1.26	4.55	3.22	3.27
Pretax Income	508.49	492.45	435.3	376.5	373.03	318.73
Income Tax Expense	95.45	90.44	111.91	96.08	96.63	77.69
Earnings From Continuing Ops.	413.05	402	323.39	280.42	276.4	241.04
Minority Interest in Earnings	-	-	-	-	-	2.95
Net Income	413.05	402	323.39	280.42	276.4	243.99
Net Income to Common	413.05	402	323.39	280.42	276.4	243.99
Net Income Growth	23.69%	24.31%	15.32%	1.45%	13.29%	3.89%
Shares Outstanding (Basic)	935	935	924	935	921	938
Shares Outstanding (Diluted)	935	935	924	935	921	938
Shares Change (YoY)	1.14%	1.18%	-1.15%	1.45%	-1.82%	-0.11%
EPS (Basic)	0.44	0.43	0.35	0.30	0.30	0.26
EPS (Diluted)	0.44	0.43	0.35	0.30	0.30	0.26
EPS Growth	22.30%	22.86%	16.67%	-	15.38%	4.00%
Free Cash Flow	140.99	161.54	268.88	-158.45	261	368.22
Free Cash Flow Per Share	0.15	0.17	0.29	-0.17	0.28	0.39
Dividend Per Share	0.130	0.130	0.104	0.090	0.090	0.080
Dividend Growth	25.00%	25.00%	15.56%	-	12.50%	-
Profit Margin	26.96%	26.22%	23.71%	22.12%	24.82%	25.60%
Free Cash Flow Margin	9.21%	10.54%	19.71%	-12.50%	23.44%	38.63%
EBITDA	537.57	546.06	595.66	567.39	521.52	523.18
EBITDA Margin	35.09%	35.62%	43.67%	44.75%	46.83%	54.89%
D&A For EBITDA	234.72	239.14	256.8	243.38	210.75	236.14
EBIT	302.84	306.92	338.86	324.01	310.77	287.04
EBIT Margin	19.77%	20.02%	24.84%	25.55%	27.91%	30.11%
Effective Tax Rate	18.77%	18.37%	25.71%	25.52%	25.90%	24.38%
Revenue as Reported	1,532	1,533	1,364	1,268	1,114	953.14

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Utility template. Financial Sources.