SHA:603693 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	2,001	2,068	2,086	1,934	1,970	1,858
Other Revenue	19.23	19.23	13.48	11.56	0.97	0.68
Revenue	2,020	2,087	2,099	1,946	1,971	1,859
Revenue Growth (YoY)	0.68%	-0.58%	7.88%	-1.28%	6.04%	20.18%
Selling, General & Admin	151	144.57	140.55	136.72	144.65	108.1
Provision for Bad Debts	81.41	75.37	234.56	76.63	15.47	38.32
Other Operating Expenses	1,017	1,009	986.55	942.92	943.83	904.03
Total Operating Expenses	1,256	1,235	1,364	1,156	1,104	1,053
Operating Income	764.61	851.48	735.28	789.37	866.69	806.2
Interest Expense	-206.02	-215.66	-257.07	-262.51	-310.22	-160.12
Interest Income	79.32	79.07	119.34	15.88	16.2	27.21
Net Interest Expense	-126.7	-136.59	-137.73	-246.64	-294.03	-132.91
Income (Loss) on Equity Investments	2.63	-	-	103.81	112.75	-
Currency Exchange Gain (Loss)	-0.02	-0.02	0.24	0.27	1.34	0.48
Other Non-Operating Income (Expenses)	-3.55	-3.27	-2.27	-0.99	-0.79	-0.09
EBT Excluding Unusual Items	636.96	711.6	595.52	645.83	685.96	673.68
Gain (Loss) on Sale of Investments	-	-	-	-0.2	-	-
Gain (Loss) on Sale of Assets	7.12	7.12	34.72	0.14	-0.26	0.32
Asset Writedown	0.56	0.56	-18.72	-	-	-217.7
Other Unusual Items	21.57	21.66	28.69	17.87	9.4	5.35
Pretax Income	666.22	740.94	640.2	663.63	695.1	461.64
Income Tax Expense	132.52	141.94	142.64	117.37	111.33	94.98
Earnings From Continuing Ops.	533.69	599	497.56	546.26	583.77	366.67
Minority Interest in Earnings	-80.43	-91.54	-80.68	-73.89	-107.75	-57.99
Net Income	453.26	507.46	416.88	472.37	476.02	308.68
Net Income to Common	453.26	507.46	416.88	472.37	476.02	308.68
Net Income Growth	37.31%	21.73%	-11.75%	-0.77%	54.21%	100.81%
Shares Outstanding (Basic)	891	890	887	891	898	812
Shares Outstanding (Diluted)	891	890	887	891	898	812
Shares Change (YoY)	0.04%	0.37%	-0.48%	-0.77%	10.57%	1.62%
EPS (Basic)	0.51	0.57	0.47	0.53	0.53	0.38
EPS (Diluted)	0.51	0.57	0.47	0.53	0.53	0.38
EPS Growth	37.26%	21.28%	-11.32%	-	39.47%	97.61%
Free Cash Flow	528.14	451.82	112.14	103.71	756.17	-880.84
Free Cash Flow Per Share	0.59	0.51	0.13	0.12	0.84	-1.08
Dividend Per Share	0.150	0.150	0.150	0.150	0.150	0.077
Dividend Growth	-	-	-	-	95.06%	-33.36%
Profit Margin	22.43%	24.32%	19.86%	24.28%	24.15%	16.61%
Free Cash Flow Margin	26.14%	21.65%	5.34%	5.33%	38.36%	-47.38%
EBITDA	1,459	1,542	1,411	1,435	1,502	1,196
EBITDA Margin	72.22%	73.89%	67.20%	73.77%	76.18%	64.34%
D&A For EBITDA	694.37	690.58	675.4	646.03	634.95	389.76
EBIT	764.61	851.48	735.28	789.37	866.69	806.2
EBIT Margin	37.85%	40.80%	35.03%	40.57%	43.97%	43.37%
Effective Tax Rate	19.89%	19.16%	22.28%	17.69%	16.02%	20.57%
Revenue as Reported	2,020	2,087	2,099	1,946	1,971	1,859

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