China National Electric Apparatus Research Institute Co., Ltd. (SHA:688128)
China · Delayed Price · Currency is CNY 25.43
-0.31 (-1.20%)
May 28, 2026, 11:10 AM CST
SHA:688128 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 | 4,741 | 4,693 | 4,441 | 4,112 | 3,731 | 3,341 |
Other Revenue | 73.19 | 73.19 | 82.1 | 60.52 | 63.39 | 66.5 |
| 4,814 | 4,766 | 4,523 | 4,173 | 3,795 | 3,407 | |
Revenue Growth (YoY) | 0.67% | 5.38% | 8.39% | 9.97% | 11.36% | 35.23% |
Cost of Revenue | 3,251 | 3,192 | 3,076 | 2,933 | 2,716 | 2,477 |
Gross Profit | 1,563 | 1,574 | 1,447 | 1,240 | 1,079 | 930.9 |
Selling, General & Admin | 623.84 | 641.47 | 629.43 | 560.28 | 478.58 | 408.11 |
Research & Development | 412.25 | 405.73 | 358.45 | 323.02 | 287.51 | 247.19 |
Other Operating Expenses | -13.23 | -14.73 | -23.43 | -70.27 | -14.07 | 3.88 |
Operating Expenses | 1,020 | 1,042 | 1,020 | 853.3 | 779.92 | 674.72 |
Operating Income | 543.06 | 532.65 | 427.06 | 386.46 | 298.97 | 256.18 |
Interest Expense | -3.48 | -4.13 | -3.8 | -4.19 | -9.1 | -7.32 |
Interest & Investment Income | 28.82 | 24.9 | 39.32 | 30.24 | 24.31 | 43.84 |
Currency Exchange Gain (Loss) | 0.4 | 0.4 | 5.1 | 0.16 | 13.87 | -4.25 |
Other Non Operating Income (Expenses) | -10.87 | -4.56 | -4.22 | -3.75 | -5.34 | -4.58 |
EBT Excluding Unusual Items | 557.93 | 549.27 | 463.46 | 408.93 | 322.71 | 283.87 |
Impairment of Goodwill | - | - | - | - | - | -0.92 |
Gain (Loss) on Sale of Investments | 1.25 | 2.5 | 1.25 | -3.45 | -5.49 | 1.5 |
Gain (Loss) on Sale of Assets | 7.07 | 7.06 | 0.02 | 0.05 | -0.1 | -0.08 |
Asset Writedown | 1.95 | 2.12 | 0.3 | -2.18 | -1.22 | 0.24 |
Other Unusual Items | 46.85 | 46.44 | 63.19 | 50.56 | 66.23 | 67.29 |
Pretax Income | 615.04 | 607.39 | 528.22 | 453.91 | 382.14 | 351.9 |
Income Tax Expense | 69.86 | 69.27 | 57.85 | 45.7 | 24.05 | 39.19 |
Earnings From Continuing Operations | 545.18 | 538.12 | 470.37 | 408.22 | 358.08 | 312.71 |
Minority Interest in Earnings | -3.16 | -3.67 | -3.32 | 1.87 | 5.23 | 2.35 |
Net Income | 542.02 | 534.46 | 467.05 | 410.09 | 363.31 | 315.06 |
Net Income to Common | 542.02 | 534.46 | 467.05 | 410.09 | 363.31 | 315.06 |
Net Income Growth | 3.59% | 14.43% | 13.89% | 12.88% | 15.32% | 11.44% |
Shares Outstanding (Basic) | 404 | 405 | 406 | 406 | 404 | 404 |
Shares Outstanding (Diluted) | 404 | 405 | 406 | 406 | 404 | 404 |
Shares Change (YoY) | -0.10% | -0.31% | 0.03% | 0.58% | -0.06% | 0.01% |
EPS (Basic) | 1.34 | 1.32 | 1.15 | 1.01 | 0.90 | 0.78 |
EPS (Diluted) | 1.34 | 1.32 | 1.15 | 1.01 | 0.90 | 0.78 |
EPS Growth | 3.69% | 14.78% | 13.86% | 12.22% | 15.38% | 11.43% |
Free Cash Flow | 1,077 | 920.9 | 314.72 | 156.73 | 523.53 | -38.53 |
Free Cash Flow Per Share | 2.66 | 2.27 | 0.78 | 0.39 | 1.30 | -0.10 |
Dividend Per Share | 0.550 | 0.550 | 0.500 | 0.450 | 0.400 | 0.350 |
Dividend Growth | 10.00% | 10.00% | 11.11% | 12.50% | 14.29% | 16.67% |
Gross Margin | 32.47% | 33.03% | 31.99% | 29.71% | 28.43% | 27.32% |
Operating Margin | 11.28% | 11.18% | 9.44% | 9.26% | 7.88% | 7.52% |
Profit Margin | 11.26% | 11.21% | 10.33% | 9.83% | 9.57% | 9.25% |
Free Cash Flow Margin | 22.37% | 19.32% | 6.96% | 3.76% | 13.80% | -1.13% |
EBITDA | 687.48 | 674.74 | 559.82 | 495.67 | 386.43 | 334.62 |
EBITDA Margin | 14.28% | 14.16% | 12.38% | 11.88% | 10.18% | 9.82% |
D&A For EBITDA | 144.42 | 142.09 | 132.76 | 109.22 | 87.46 | 78.44 |
EBIT | 543.06 | 532.65 | 427.06 | 386.46 | 298.97 | 256.18 |
EBIT Margin | 11.28% | 11.18% | 9.44% | 9.26% | 7.88% | 7.52% |
Effective Tax Rate | 11.36% | 11.40% | 10.95% | 10.07% | 6.29% | 11.13% |
Revenue as Reported | 4,814 | 4,766 | 4,523 | 4,173 | 3,795 | 3,407 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.