Shuifa Energas Gas 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	2,424	2,535	2,574	3,232	3,420	2,602
Other Revenue	15.4	15.4	16.01	31.34	44.61	6.13
Revenue	2,440	2,550	2,590	3,263	3,465	2,608
Revenue Growth (YoY)	-4.44%	-1.53%	-20.63%	-5.82%	32.86%	130.15%
Cost of Revenue	2,080	2,168	2,139	2,764	2,943	2,334
Gross Profit	359.72	382.28	451.21	499.5	522.21	273.62
Selling, General & Admin	129.61	126.68	148.8	150.18	155.76	82.19
Research & Development	17.55	18.84	14.54	14.63	15.89	12.79
Other Operating Expenses	6.8	7.89	7.08	5.98	10.67	9.71
Operating Expenses	160.87	163.04	195	198.98	221.4	106.92
Operating Income	198.85	219.24	256.22	300.52	300.81	166.7
Interest Expense	-79.57	-82.28	-86.8	-90.47	-100.68	-63.45
Interest & Investment Income	15.43	18.61	100.19	32.49	27.73	19.65
Currency Exchange Gain (Loss)	0.29	0.29	1.18	4.62	3.39	-3.3
Other Non Operating Income (Expenses)	-11.46	-7.28	-21.67	-2.86	0.51	-1.47
EBT Excluding Unusual Items	123.54	148.58	249.11	244.3	231.76	118.13
Impairment of Goodwill	-65.39	-65.39	-21.71	-7.97	-3.73	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.11
Gain (Loss) on Sale of Assets	-0.5	-0.25	-1.92	-0.45	0.08	-0.65
Asset Writedown	0.86	-3.47	-	-17.56	-	-
Legal Settlements	-49.91	-49.91	-	-	-9.74	-
Other Unusual Items	-0.31	-0.24	1.53	0.33	4.45	3.17
Pretax Income	8.28	29.31	227.01	218.66	222.83	120.53
Income Tax Expense	50.88	53.45	60.76	67.03	78.18	44.08
Earnings From Continuing Operations	-42.6	-24.14	166.25	151.63	144.65	76.45
Minority Interest in Earnings	-49.93	-54.67	-63.61	-71.09	-91.13	-35.23
Net Income	-92.53	-78.81	102.65	80.53	53.51	41.22
Net Income to Common	-92.53	-78.81	102.65	80.53	53.51	41.22
Net Income Growth	-	-	27.46%	50.50%	29.83%	72.30%
Shares Outstanding (Basic)	477	464	467	474	382	375
Shares Outstanding (Diluted)	477	464	467	474	382	375
Shares Change (YoY)	2.56%	-0.64%	-1.51%	23.94%	2.01%	-6.02%
EPS (Basic)	-0.19	-0.17	0.22	0.17	0.14	0.11
EPS (Diluted)	-0.19	-0.17	0.22	0.17	0.14	0.11
EPS Growth	-	-	29.41%	21.43%	27.27%	83.33%
Free Cash Flow	-78.08	16.72	212.78	120.99	248	140.66
Free Cash Flow Per Share	-0.16	0.04	0.46	0.26	0.65	0.38
Dividend Per Share	-	-	0.068	0.059	0.030	0.025
Dividend Growth	-	-	15.25%	96.67%	20.00%	25.00%
Gross Margin	14.74%	14.99%	17.42%	15.31%	15.07%	10.49%
Operating Margin	8.15%	8.60%	9.89%	9.21%	8.68%	6.39%
Profit Margin	-3.79%	-3.09%	3.96%	2.47%	1.54%	1.58%
Free Cash Flow Margin	-3.20%	0.66%	8.21%	3.71%	7.16%	5.39%
EBITDA	311.7	331.63	366.74	403.95	395.04	222.69
EBITDA Margin	12.78%	13.00%	14.16%	12.38%	11.40%	8.54%
D&A For EBITDA	112.86	112.39	110.53	103.43	94.22	55.99
EBIT	198.85	219.24	256.22	300.52	300.81	166.7
EBIT Margin	8.15%	8.60%	9.89%	9.21%	8.68%	6.39%
Effective Tax Rate	614.25%	182.36%	26.76%	30.66%	35.09%	36.58%
Revenue as Reported	2,440	2,550	2,590	3,263	3,465	2,608
Advertising Expenses	-	0.19	0.16	0.51	0.12	0.51

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