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 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	9,433	9,405	10,252	10,118	10,709	10,252
Other Revenue	16.98	16.98	25.5	25.23	57.12	108.99
Revenue	9,450	9,422	10,277	10,143	10,766	10,361
Revenue Growth (YoY)	-8.64%	-8.32%	1.32%	-5.79%	3.91%	28.47%
Cost of Revenue	7,570	7,570	7,935	7,968	8,377	8,425
Gross Profit	1,880	1,852	2,342	2,175	2,389	1,936
Selling, General & Admin	716.2	725.92	786.28	827.51	844.47	713.62
Research & Development	245	256.71	416.24	276.69	360.68	326.95
Other Operating Expenses	43.82	45.2	35.89	26	58.72	54.65
Operating Expenses	1,055	1,008	1,155	1,244	1,476	1,070
Operating Income	825.51	843.21	1,187	931.11	912.43	865.87
Interest Expense	-80.28	-88.67	-132.46	-107.2	-130.9	-93.48
Interest & Investment Income	303.92	314.45	405.42	394.79	399.78	315.4
Currency Exchange Gain (Loss)	-12.2	-12.2	-5.28	37.66	17.57	-26.85
Other Non Operating Income (Expenses)	-21.85	-13.22	-54.36	37.03	48.9	-23.42
EBT Excluding Unusual Items	1,015	1,044	1,400	1,293	1,248	1,038
Impairment of Goodwill	-22.43	-22.43	-8.07	-	-	-
Gain (Loss) on Sale of Investments	22.48	27.89	33.33	5.53	31.37	37.34
Gain (Loss) on Sale of Assets	1.14	0.5	0.22	0.11	0	63.05
Asset Writedown	-36.25	-7.89	-38.37	1.3	-0.54	-30.84
Other Unusual Items	53.83	53.83	21.82	56.13	20.45	68.61
Pretax Income	1,034	1,095	1,409	1,356	1,299	1,176
Income Tax Expense	242.58	249.38	263.71	258.31	246.18	225.51
Earnings From Continuing Operations	791.27	846.1	1,145	1,098	1,053	950.16
Minority Interest in Earnings	-99.32	-98.14	-103.74	-77.87	-84.52	-92.89
Net Income	691.95	747.96	1,042	1,020	968.36	857.27
Net Income to Common	691.95	747.96	1,042	1,020	968.36	857.27
Net Income Growth	-34.39%	-28.19%	2.09%	5.36%	12.96%	25.17%
Shares Outstanding (Basic)	1,734	1,711	1,706	1,690	1,694	1,686
Shares Outstanding (Diluted)	1,734	1,718	1,725	1,728	1,722	1,686
Shares Change (YoY)	-0.84%	-0.39%	-0.14%	0.31%	2.13%	0.58%
EPS (Basic)	0.40	0.44	0.61	0.60	0.57	0.51
EPS (Diluted)	0.40	0.44	0.60	0.59	0.56	0.51
EPS Growth	-33.83%	-27.91%	2.23%	5.03%	10.60%	24.45%
Free Cash Flow	678.26	465.46	932.43	829.96	452.01	388.56
Free Cash Flow Per Share	0.39	0.27	0.54	0.48	0.26	0.23
Dividend Per Share	0.310	0.310	0.450	0.390	0.350	0.310
Dividend Growth	-31.11%	-31.11%	15.38%	11.43%	12.90%	10.71%
Gross Margin	19.89%	19.65%	22.79%	21.44%	22.19%	18.68%
Operating Margin	8.73%	8.95%	11.55%	9.18%	8.48%	8.36%
Profit Margin	7.32%	7.94%	10.13%	10.06%	9.00%	8.27%
Free Cash Flow Margin	7.18%	4.94%	9.07%	8.18%	4.20%	3.75%
EBITDA	1,160	1,181	1,537	1,226	1,217	1,151
EBITDA Margin	12.27%	12.53%	14.95%	12.08%	11.31%	11.11%
D&A For EBITDA	334.48	337.6	350.06	294.57	304.94	285.58
EBIT	825.51	843.21	1,187	931.11	912.43	865.87
EBIT Margin	8.73%	8.95%	11.55%	9.18%	8.48%	8.36%
Effective Tax Rate	23.46%	22.77%	18.72%	19.04%	18.95%	19.18%
Revenue as Reported	9,450	9,422	10,277	10,143	10,766	10,361
Advertising Expenses	-	0.16	0.24	0.35	0.05	0.03

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