SHA:605011 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,169	3,391	3,186	3,555	3,122
Other Revenue	-	149.32	103.88	74.16	60.41
Revenue	3,169	3,541	3,290	3,629	3,183
Revenue Growth (YoY)	-10.49%	7.64%	-9.36%	14.03%	52.41%
Operations & Maintenance	-	0.94	2	1.16	1.31
Selling, General & Admin	130.74	121.46	112.42	104.05	104.94
Provision for Bad Debts	-	2.25	-0.33	2.17	0.73
Other Operating Expenses	2,817	3,176	2,903	3,307	2,784
Total Operating Expenses	2,978	3,328	3,028	3,416	2,893
Operating Income	191.88	212.42	262.06	213.43	289.62
Interest Expense	-	-17.28	-27.49	-48.41	-56.13
Interest Income	82.31	93.75	90.91	86.21	64.63
Net Interest Expense	82.31	76.47	63.42	37.8	8.5
Other Non-Operating Income (Expenses)	5.14	-1.48	7.91	-0.04	-1.12
EBT Excluding Unusual Items	279.33	287.41	333.38	251.19	297
Gain (Loss) on Sale of Assets	-0.05	1	0	0.42	-1.07
Asset Writedown	3	-0.01	-6.28	-0.44	-1.21
Other Unusual Items	-	23.13	8.74	55.23	48.92
Pretax Income	282.28	311.53	335.85	306.4	343.64
Income Tax Expense	49.25	48.35	59.14	43.6	40.09
Earnings From Continuing Ops.	233.03	263.17	276.71	262.81	303.55
Minority Interest in Earnings	-46.55	-51.2	-65.37	-50.77	-70.08
Net Income	186.48	211.97	211.34	212.04	233.47
Net Income to Common	186.48	211.97	211.34	212.04	233.47
Net Income Growth	-12.03%	0.30%	-0.33%	-9.18%	-0.18%
Shares Outstanding (Basic)	397	400	399	400	383
Shares Outstanding (Diluted)	397	400	399	400	383
Shares Change (YoY)	-0.80%	0.30%	-0.33%	4.53%	6.37%
EPS (Basic)	0.47	0.53	0.53	0.53	0.61
EPS (Diluted)	0.47	0.53	0.53	0.53	0.61
EPS Growth	-11.32%	-	-	-13.11%	-6.15%
Free Cash Flow	23.39	7.63	321.01	322.54	90.65
Free Cash Flow Per Share	0.06	0.02	0.81	0.81	0.24
Dividend Per Share	-	0.160	0.160	0.160	0.360
Dividend Growth	-	-	-	-55.56%	-
Profit Margin	5.88%	5.99%	6.42%	5.84%	7.34%
Free Cash Flow Margin	0.74%	0.21%	9.76%	8.89%	2.85%
EBITDA	323.98	328.47	374.5	321.45	395.68
EBITDA Margin	10.22%	9.28%	11.38%	8.86%	12.43%
D&A For EBITDA	132.1	116.05	112.44	108.02	106.05
EBIT	191.88	212.42	262.06	213.43	289.62
EBIT Margin	6.05%	6.00%	7.97%	5.88%	9.10%
Effective Tax Rate	17.45%	15.52%	17.61%	14.23%	11.67%
Revenue as Reported	-	3,541	3,290	3,629	3,183

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.