Xi'an Shaangu Power 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	10,148	10,252	10,118	10,709	10,252	8,008
Other Revenue	25.5	25.5	25.23	57.12	108.99	57.4
Revenue	10,173	10,277	10,143	10,766	10,361	8,065
Revenue Growth (YoY)	0.10%	1.32%	-5.79%	3.91%	28.47%	10.42%
Cost of Revenue	7,959	7,935	7,968	8,377	8,425	6,343
Gross Profit	2,215	2,342	2,175	2,389	1,936	1,722
Selling, General & Admin	746.08	786.28	827.51	844.47	713.62	640.44
Research & Development	369.53	416.24	276.69	360.68	326.95	310.6
Other Operating Expenses	53.19	35.89	26	58.72	54.65	60.6
Operating Expenses	1,063	1,155	1,244	1,476	1,070	938.73
Operating Income	1,152	1,187	931.11	912.43	865.87	782.8
Interest Expense	-104.99	-132.46	-107.2	-130.9	-93.48	-60.36
Interest & Investment Income	351.95	405.42	394.79	399.78	315.4	345.42
Currency Exchange Gain (Loss)	-5.28	-5.28	37.66	17.57	-26.85	16.45
Other Non Operating Income (Expenses)	-61.75	-54.36	37.03	48.9	-23.42	-67.37
EBT Excluding Unusual Items	1,331	1,400	1,293	1,248	1,038	1,017
Impairment of Goodwill	-8.07	-8.07	-	-	-	-3.61
Gain (Loss) on Sale of Investments	36.19	33.33	5.53	31.37	37.34	-73.94
Gain (Loss) on Sale of Assets	-0.08	0.22	0.11	0	63.05	0.32
Asset Writedown	-8.31	-38.37	1.3	-0.54	-30.84	3.09
Other Unusual Items	21.82	21.82	56.13	20.45	68.61	0.31
Pretax Income	1,373	1,409	1,356	1,299	1,176	943.12
Income Tax Expense	288.54	263.71	258.31	246.18	225.51	199.98
Earnings From Continuing Operations	1,084	1,145	1,098	1,053	950.16	743.15
Minority Interest in Earnings	-91.57	-103.74	-77.87	-84.52	-92.89	-58.29
Net Income	992.9	1,042	1,020	968.36	857.27	684.86
Net Income to Common	992.9	1,042	1,020	968.36	857.27	684.86
Net Income Growth	3.38%	2.09%	5.36%	12.96%	25.17%	13.55%
Shares Outstanding (Basic)	1,711	1,706	1,690	1,694	1,686	1,664
Shares Outstanding (Diluted)	1,730	1,725	1,728	1,722	1,686	1,677
Shares Change (YoY)	1.07%	-0.14%	0.31%	2.13%	0.58%	0.54%
EPS (Basic)	0.58	0.61	0.60	0.57	0.51	0.41
EPS (Diluted)	0.57	0.60	0.59	0.56	0.51	0.41
EPS Growth	2.29%	2.23%	5.03%	10.60%	24.45%	12.94%
Free Cash Flow	420.03	932.43	829.96	452.01	388.56	892.26
Free Cash Flow Per Share	0.24	0.54	0.48	0.26	0.23	0.53
Dividend Per Share	0.430	0.450	0.390	0.350	0.310	0.280
Dividend Growth	-24.56%	15.38%	11.43%	12.90%	10.71%	21.74%
Gross Margin	21.77%	22.79%	21.44%	22.19%	18.68%	21.35%
Operating Margin	11.32%	11.55%	9.18%	8.48%	8.36%	9.71%
Profit Margin	9.76%	10.13%	10.06%	9.00%	8.27%	8.49%
Free Cash Flow Margin	4.13%	9.07%	8.18%	4.20%	3.75%	11.06%
EBITDA	1,528	1,528	1,226	1,217	1,151	1,054
EBITDA Margin	15.02%	14.87%	12.08%	11.31%	11.11%	13.07%
D&A For EBITDA	376.83	341.57	294.57	304.94	285.58	271.28
EBIT	1,152	1,187	931.11	912.43	865.87	782.8
EBIT Margin	11.32%	11.55%	9.18%	8.48%	8.36%	9.71%
Effective Tax Rate	21.02%	18.72%	19.04%	18.95%	19.18%	21.20%
Revenue as Reported	10,173	10,277	10,143	10,766	10,361	8,065
Advertising Expenses	-	0.24	0.35	0.05	0.03	0.13

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