SHA:605011 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	3,285	3,112	3,391	3,186	3,555	3,122
Other Revenue	57.7	57.7	149.32	103.88	74.16	60.41
Revenue	3,343	3,169	3,541	3,290	3,629	3,183
Revenue Growth (YoY)	-2.22%	-10.49%	7.64%	-9.36%	14.03%	52.41%
Operations & Maintenance	1.28	1.28	0.94	2	1.16	1.31
Selling, General & Admin	128.34	129.46	121.46	112.42	104.05	104.94
Provision for Bad Debts	2.17	2.17	2.25	-0.33	2.17	0.73
Other Operating Expenses	2,990	2,819	3,176	2,903	3,307	2,784
Total Operating Expenses	3,150	2,981	3,328	3,028	3,416	2,893
Operating Income	193.42	187.99	212.47	262.06	213.43	289.62
Interest Expense	-15.67	-15.67	-17.28	-27.49	-48.41	-56.13
Interest Income	86.2	87.88	93.75	90.91	86.21	64.63
Net Interest Expense	70.53	72.2	76.47	63.42	37.8	8.5
Other Non-Operating Income (Expenses)	5.95	0.86	13.9	7.91	-0.04	-1.12
EBT Excluding Unusual Items	269.89	261.05	302.84	333.38	251.19	297
Gain (Loss) on Sale of Assets	-0.44	0.44	0.98	-6.28	0.42	-1.07
Asset Writedown	-1.06	-	-	-	-0.44	-1.21
Other Unusual Items	20.78	20.78	7.7	8.74	55.23	48.92
Pretax Income	289.18	282.28	311.53	335.85	306.4	343.64
Income Tax Expense	50.56	49.25	48.35	59.14	43.6	40.09
Earnings From Continuing Ops.	238.61	233.03	263.17	276.71	262.81	303.55
Minority Interest in Earnings	-48.47	-46.55	-51.2	-65.37	-50.77	-70.08
Net Income	190.15	186.48	211.97	211.34	212.04	233.47
Net Income to Common	190.15	186.48	211.97	211.34	212.04	233.47
Net Income Growth	-6.69%	-12.03%	0.30%	-0.33%	-9.18%	-0.18%
Shares Outstanding (Basic)	396	397	400	399	400	383
Shares Outstanding (Diluted)	396	397	400	399	400	383
Shares Change (YoY)	-1.06%	-0.80%	0.30%	-0.33%	4.53%	6.37%
EPS (Basic)	0.48	0.47	0.53	0.53	0.53	0.61
EPS (Diluted)	0.48	0.47	0.53	0.53	0.53	0.61
EPS Growth	-5.69%	-11.32%	-	-	-13.11%	-6.15%
Free Cash Flow	-49.59	23.39	7.63	321.01	322.54	90.65
Free Cash Flow Per Share	-0.13	0.06	0.02	0.81	0.81	0.24
Dividend Per Share	0.160	0.160	0.160	0.160	0.160	0.360
Dividend Growth	-	-	-	-	-55.56%	-
Profit Margin	5.69%	5.88%	5.99%	6.42%	5.84%	7.34%
Free Cash Flow Margin	-1.48%	0.74%	0.21%	9.76%	8.89%	2.85%
EBITDA	327.16	318.27	328.93	374.5	321.45	395.68
EBITDA Margin	9.79%	10.04%	9.29%	11.38%	8.86%	12.43%
D&A For EBITDA	133.74	130.28	116.46	112.44	108.02	106.05
EBIT	193.42	187.99	212.47	262.06	213.43	289.62
EBIT Margin	5.79%	5.93%	6.00%	7.97%	5.88%	9.10%
Effective Tax Rate	17.49%	17.45%	15.52%	17.61%	14.23%	11.67%
Revenue as Reported	3,169	3,169	3,541	3,290	3,629	3,183

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