Jiangsu Jiangnan Water Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 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
Operating Revenue	1,526	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	1,546	1,533	1,364	1,268	1,114	953.14
Revenue Growth (YoY)	8.76%	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	197.25	192.06	196.52	191.99	196.93	180.05
Provision for Bad Debts	28.8	23.71	-1.63	2.56	31.88	16
Other Operating Expenses	1,026	1,002	821.46	737.89	566.63	466.31
Total Operating Expenses	1,263	1,226	1,025	944.01	802.82	666.1
Operating Income	282.93	306.92	338.86	324.01	310.77	287.04
Interest Expense	-22.94	-22.82	-27.78	-30.86	-36.66	-10.06
Interest Income	272.16	205.02	121.65	87.81	104.94	43.9
Net Interest Expense	249.22	182.19	93.87	56.95	68.28	33.84
Other Non-Operating Income (Expenses)	-53.48	1.15	0.15	-3.07	-1.25	-3.15
EBT Excluding Unusual Items	478.67	490.27	432.88	377.89	377.81	317.73
Gain (Loss) on Sale of Investments	18.45	4.08	-10.45	-4	-8.16	2.26
Gain (Loss) on Sale of Assets	-0.21	0.24	14.47	0.15	0.16	-4.52
Asset Writedown	-0.3	-	-0.35	-2.1	-	-
Other Unusual Items	-3.77	-2.15	-1.26	4.55	3.22	3.27
Pretax Income	492.83	492.45	435.3	376.5	373.03	318.73
Income Tax Expense	86.96	90.44	111.91	96.08	96.63	77.69
Earnings From Continuing Ops.	405.88	402	323.39	280.42	276.4	241.04
Minority Interest in Earnings	-	-	-	-	-	2.95
Net Income	405.88	402	323.39	280.42	276.4	243.99
Net Income to Common	405.88	402	323.39	280.42	276.4	243.99
Net Income Growth	19.73%	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)	1.18%	1.18%	-1.15%	1.45%	-1.82%	-0.11%
EPS (Basic)	0.43	0.43	0.35	0.30	0.30	0.26
EPS (Diluted)	0.43	0.43	0.35	0.30	0.30	0.26
EPS Growth	18.34%	22.86%	16.67%	-	15.38%	4.00%
Free Cash Flow	180.82	161.54	268.88	-158.45	261	368.22
Free Cash Flow Per Share	0.19	0.17	0.29	-0.17	0.28	0.39
Dividend Per Share	0.140	0.130	0.104	0.090	0.090	0.080
Dividend Growth	12.90%	25.00%	15.56%	-	12.50%	-
Profit Margin	26.25%	26.22%	23.71%	22.12%	24.82%	25.60%
Free Cash Flow Margin	11.70%	10.54%	19.71%	-12.50%	23.44%	38.63%
EBITDA	508.82	546.06	595.66	567.39	521.52	523.18
EBITDA Margin	32.91%	35.62%	43.67%	44.75%	46.83%	54.89%
D&A For EBITDA	225.89	239.14	256.8	243.38	210.75	236.14
EBIT	282.93	306.92	338.86	324.01	310.77	287.04
EBIT Margin	18.30%	20.02%	24.84%	25.55%	27.91%	30.11%
Effective Tax Rate	17.64%	18.37%	25.71%	25.52%	25.90%	24.38%
Revenue as Reported	1,546	1,533	1,364	1,268	1,114	953.14

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.