GuiZhou QianYuan Power 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	3,274	1,921	1,979	2,601	2,061
Other Revenue	11.11	11.45	11.23	12.15	10.53
Revenue	3,285	1,933	1,990	2,613	2,072
Revenue Growth (YoY)	69.98%	-2.89%	-23.83%	26.14%	-21.84%
Selling, General & Admin	145.87	131.86	129.61	111.35	92.78
Provision for Bad Debts	0.74	-0.2	1.11	-1.78	1.67
Other Operating Expenses	1,557	998.2	985.82	1,182	969.31
Total Operating Expenses	1,704	1,130	1,117	1,292	1,064
Operating Income	1,581	802.98	873.84	1,321	1,008
Interest Expense	-215.29	-281.61	-338.82	-424.76	-450.04
Interest Income	0.18	0.96	2.47	7.27	9.82
Net Interest Expense	-215.11	-280.65	-336.35	-417.49	-440.22
Income (Loss) on Equity Investments	-2.75	-3.74	-6.41	-	-
Other Non-Operating Income (Expenses)	-1.2	-0.98	-4.98	-2.43	0
EBT Excluding Unusual Items	1,362	517.62	526.09	901.47	567.66
Gain (Loss) on Sale of Investments	-	-	-	-5.03	-0.71
Gain (Loss) on Sale of Assets	4.64	-3.06	-2.05	-2.61	-2.41
Asset Writedown	-18.97	-	-	-	-
Other Unusual Items	-0.97	-18.95	2.37	-1.33	-2.59
Pretax Income	1,347	495.6	526.41	892.49	561.95
Income Tax Expense	231.85	95.35	76.64	127.42	103.99
Earnings From Continuing Ops.	1,115	400.25	449.77	765.08	457.96
Minority Interest in Earnings	-515.12	-182.04	-184.99	-350.81	-206.94
Net Income	600.13	218.21	264.78	414.27	251.03
Net Income to Common	600.13	218.21	264.78	414.27	251.03
Net Income Growth	175.02%	-17.59%	-36.09%	65.03%	-43.42%
Shares Outstanding (Basic)	428	428	428	428	428
Shares Outstanding (Diluted)	428	428	428	428	428
Shares Change (YoY)	0.01%	-0.00%	-0.01%	-0.00%	-0.00%
EPS (Basic)	1.40	0.51	0.62	0.97	0.59
EPS (Diluted)	1.40	0.51	0.62	0.97	0.59
EPS Growth	175.00%	-17.58%	-36.08%	65.03%	-43.42%
Free Cash Flow	2,064	1,090	1,584	1,273	751.64
Free Cash Flow Per Share	4.83	2.55	3.70	2.98	1.76
Dividend Per Share	0.490	0.160	0.190	0.300	0.143
Dividend Growth	206.25%	-15.79%	-36.67%	109.94%	-44.42%
Profit Margin	18.27%	11.29%	13.30%	15.85%	12.12%
Free Cash Flow Margin	62.83%	56.37%	79.57%	48.71%	36.28%
EBITDA	2,411	1,358	1,422	2,029	1,655
EBITDA Margin	73.39%	70.28%	71.42%	77.64%	79.87%
D&A For EBITDA	829.8	555.48	547.69	707.5	646.68
EBIT	1,581	802.98	873.84	1,321	1,008
EBIT Margin	48.14%	41.54%	43.90%	50.57%	48.65%
Effective Tax Rate	17.21%	19.24%	14.56%	14.28%	18.50%
Revenue as Reported	3,285	1,933	1,990	2,613	2,072

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