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 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	1,467	1,458	1,513	1,344	1,249	1,093
Other Revenue	-	-	19.97	20.11	19.46	20.33
Revenue	1,467	1,458	1,533	1,364	1,268	1,114
Revenue Growth (YoY)	-4.26%	-4.87%	12.39%	7.57%	13.87%	16.83%
Operations & Maintenance	-	-	2.19	2.07	3.27	1.61
Selling, General & Admin	202.07	205.84	192.06	196.52	191.99	196.93
Provision for Bad Debts	-	-	23.71	-1.63	2.56	31.88
Other Operating Expenses	948.33	950.76	1,002	821.46	737.89	566.63
Total Operating Expenses	1,157	1,164	1,226	1,025	944.01	802.82
Operating Income	309.24	294.12	306.92	338.86	324.01	310.77
Interest Expense	-	-	-22.82	-27.78	-30.86	-36.66
Interest Income	132.76	132.76	205.02	121.65	87.81	104.94
Net Interest Expense	132.76	132.76	182.19	93.87	56.95	68.28
Other Non-Operating Income (Expenses)	31.58	62.05	1.15	0.15	-3.07	-1.25
EBT Excluding Unusual Items	474.25	488.93	490.27	432.88	377.89	377.81
Gain (Loss) on Sale of Investments	12.4	14.04	4.08	-10.45	-4	-8.16
Gain (Loss) on Sale of Assets	0	0.01	0.24	14.47	0.15	0.16
Asset Writedown	-42.96	-45.24	-	-0.35	-2.1	-
Other Unusual Items	-	-	-2.15	-1.26	4.55	3.22
Pretax Income	443.7	457.73	492.45	435.3	376.5	373.03
Income Tax Expense	82.98	88.1	90.44	111.91	96.08	96.63
Earnings From Continuing Ops.	360.72	369.63	402	323.39	280.42	276.4
Net Income	360.72	369.63	402	323.39	280.42	276.4
Net Income to Common	360.72	369.63	402	323.39	280.42	276.4
Net Income Growth	-12.67%	-8.05%	24.31%	15.32%	1.45%	13.29%
Shares Outstanding (Basic)	925	924	935	924	935	921
Shares Outstanding (Diluted)	925	924	935	924	935	921
Shares Change (YoY)	-1.06%	-1.16%	1.18%	-1.15%	1.45%	-1.82%
EPS (Basic)	0.39	0.40	0.43	0.35	0.30	0.30
EPS (Diluted)	0.39	0.40	0.43	0.35	0.30	0.30
EPS Growth	-11.73%	-6.98%	22.86%	16.67%	-	15.38%
Free Cash Flow	133.15	156.69	161.54	268.88	-158.45	261
Free Cash Flow Per Share	0.14	0.17	0.17	0.29	-0.17	0.28
Dividend Per Share	-	-	0.130	0.104	0.090	0.090
Dividend Growth	-	-	25.00%	15.56%	-	12.50%
Profit Margin	24.60%	25.35%	26.22%	23.71%	22.12%	24.82%
Free Cash Flow Margin	9.08%	10.74%	10.54%	19.71%	-12.50%	23.44%
EBITDA	542.96	528.92	546.06	595.66	567.39	521.52
EBITDA Margin	37.02%	36.27%	35.62%	43.67%	44.75%	46.83%
D&A For EBITDA	233.72	234.8	239.14	256.8	243.38	210.75
EBIT	309.24	294.12	306.92	338.86	324.01	310.77
EBIT Margin	21.09%	20.17%	20.02%	24.84%	25.55%	27.91%
Effective Tax Rate	18.70%	19.25%	18.37%	25.71%	25.52%	25.90%
Revenue as Reported	-	-	1,533	1,364	1,268	1,114

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