SHA:601368 Income Statement

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
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
Operating Revenue	2,482	2,458	2,308	2,233	2,047
Other Revenue	20.86	19.7	23.78	21.69	38.97
Revenue	2,503	2,478	2,332	2,255	2,086
Revenue Growth (YoY)	1.02%	6.26%	3.42%	8.10%	35.16%
Operations & Maintenance	11.75	23.82	11.71	14.22	12.6
Selling, General & Admin	159.91	153.6	161.17	161.76	169.04
Provision for Bad Debts	179.82	92.92	44.5	16.35	5.97
Other Operating Expenses	1,581	1,651	1,561	1,455	1,285
Total Operating Expenses	1,939	1,928	1,785	1,651	1,473
Operating Income	564.02	549.41	546.74	603.49	612.4
Interest Expense	-460.77	-487.08	-469.76	-416.48	-323.39
Interest Income	2.31	3.69	6.84	3.55	5.83
Net Interest Expense	-458.45	-483.38	-462.91	-412.93	-317.56
Income (Loss) on Equity Investments	1.07	0.25	0.03	-	-
Currency Exchange Gain (Loss)	-2.61	13.31	-5.46	-16.49	49
Other Non-Operating Income (Expenses)	-2.7	-1.96	-1.71	-3.47	0.24
EBT Excluding Unusual Items	101.32	77.63	76.68	170.59	344.08
Gain (Loss) on Sale of Assets	-36.1	-1.26	-11.79	-3.23	-7.03
Other Unusual Items	44.22	26.98	24.43	21.7	18.19
Pretax Income	109.44	103.35	89.33	189.06	355.24
Income Tax Expense	14.76	15.42	15.81	25.22	58.87
Earnings From Continuing Ops.	94.67	87.93	73.52	163.84	296.37
Minority Interest in Earnings	0.55	-	-	-	-
Net Income	95.22	87.93	73.52	163.84	296.37
Net Income to Common	95.22	87.93	73.52	163.84	296.37
Net Income Growth	8.29%	19.61%	-55.13%	-44.72%	19.61%
Shares Outstanding (Basic)	883	883	883	883	883
Shares Outstanding (Diluted)	883	883	883	883	883
Shares Change (YoY)	0.05%	0.04%	-0.02%	-0.01%	-0.03%
EPS (Basic)	0.11	0.10	0.08	0.19	0.34
EPS (Diluted)	0.11	0.10	0.08	0.19	0.34
EPS Growth	8.23%	19.57%	-55.12%	-44.71%	19.64%
Free Cash Flow	-1,775	-1,062	-1,031	-1,424	-1,802
Free Cash Flow Per Share	-2.01	-1.20	-1.17	-1.61	-2.04
Dividend Per Share	0.035	0.030	0.026	0.056	0.102
Dividend Growth	16.67%	15.38%	-53.57%	-45.10%	12.09%
Profit Margin	3.81%	3.55%	3.15%	7.27%	14.21%
Free Cash Flow Margin	-70.91%	-42.84%	-44.20%	-63.18%	-86.38%
EBITDA	1,271	1,241	1,171	1,166	1,070
EBITDA Margin	50.77%	50.10%	50.24%	51.71%	51.29%
D&A For EBITDA	706.65	691.8	624.76	562.38	457.29
EBIT	564.02	549.41	546.74	603.49	612.4
EBIT Margin	22.54%	22.17%	23.45%	26.77%	29.36%
Effective Tax Rate	13.49%	14.92%	17.70%	13.34%	16.57%
Revenue as Reported	2,503	2,478	2,332	2,255	2,086

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