Hangzhou Cogeneration Group Co., Ltd. (SHA:605011)

SHA:605011 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,101	3,391	3,186	3,555	3,122	2,055
Other Revenue	149.32	149.32	103.88	74.16	60.41	33.49
Revenue	3,251	3,541	3,290	3,629	3,183	2,088
Revenue Growth (YoY)	-9.75%	7.64%	-9.36%	14.03%	52.41%	4.30%
Operations & Maintenance	0.94	0.94	2	1.16	1.31	1.08
Selling, General & Admin	137.08	121.46	112.42	104.05	104.94	90.32
Provision for Bad Debts	5.11	2.25	-0.33	2.17	0.73	1.09
Other Operating Expenses	2,923	3,176	2,903	3,307	2,784	1,708
Total Operating Expenses	3,059	3,328	3,028	3,416	2,893	1,804
Operating Income	191.49	212.42	262.06	213.43	289.62	284.35
Interest Expense	-15.86	-17.28	-27.49	-48.41	-56.13	-65.38
Interest Income	84.35	93.75	90.91	86.21	64.63	84.92
Net Interest Expense	68.49	76.47	63.42	37.8	8.5	19.54
Other Non-Operating Income (Expenses)	2.31	-1.48	7.91	-0.04	-1.12	-0.36
EBT Excluding Unusual Items	262.28	287.41	333.38	251.19	297	303.53
Gain (Loss) on Sale of Assets	0.94	1	0	0.42	-1.07	-0.18
Asset Writedown	2.1	-0.01	-6.28	-0.44	-1.21	-
Other Unusual Items	23.13	23.13	8.74	55.23	48.92	38.68
Pretax Income	288.46	311.53	335.85	306.4	343.64	342.03
Income Tax Expense	52.71	48.35	59.14	43.6	40.09	38.43
Earnings From Continuing Ops.	235.75	263.17	276.71	262.81	303.55	303.6
Minority Interest in Earnings	-47.68	-51.2	-65.37	-50.77	-70.08	-69.71
Net Income	188.06	211.97	211.34	212.04	233.47	233.89
Net Income to Common	188.06	211.97	211.34	212.04	233.47	233.89
Net Income Growth	-13.93%	0.30%	-0.33%	-9.18%	-0.18%	14.50%
Shares Outstanding (Basic)	400	400	399	400	383	360
Shares Outstanding (Diluted)	400	400	399	400	383	360
Shares Change (YoY)	0.84%	0.30%	-0.33%	4.53%	6.37%	-0.05%
EPS (Basic)	0.47	0.53	0.53	0.53	0.61	0.65
EPS (Diluted)	0.47	0.53	0.53	0.53	0.61	0.65
EPS Growth	-14.65%	-	-	-13.11%	-6.15%	14.56%
Free Cash Flow	-48.5	7.63	321.01	322.54	90.65	299.25
Free Cash Flow Per Share	-0.12	0.02	0.81	0.81	0.24	0.83
Dividend Per Share	0.220	0.160	0.160	0.160	0.360	-
Dividend Growth	37.50%	-	-	-55.56%	-	-
Profit Margin	5.79%	5.99%	6.42%	5.84%	7.34%	11.20%
Free Cash Flow Margin	-1.49%	0.21%	9.76%	8.89%	2.85%	14.33%
EBITDA	310.24	328.47	374.5	321.45	395.68	389.97
EBITDA Margin	9.54%	9.28%	11.38%	8.86%	12.43%	18.68%
D&A For EBITDA	118.76	116.05	112.44	108.02	106.05	105.62
EBIT	191.49	212.42	262.06	213.43	289.62	284.35
EBIT Margin	5.89%	6.00%	7.97%	5.88%	9.10%	13.62%
Effective Tax Rate	18.27%	15.52%	17.61%	14.23%	11.67%	11.24%
Revenue as Reported	3,251	3,541	3,290	3,629	3,183	2,088

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.