Beijing Jingneng Thermal 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	Dec '21 Dec 31, 2021
Operating Revenue	1,333	1,068	1,084	1,028	1,005
Other Revenue	-	1.44	1.04	0.76	-
Revenue	1,333	1,070	1,085	1,029	1,005
Revenue Growth (YoY)	24.59%	-1.41%	5.49%	2.34%	5.62%
Selling, General & Admin	88.69	63.74	58.4	63.25	83.58
Provision for Bad Debts	-	27.9	10.42	25.74	9.86
Other Operating Expenses	1,041	848.16	896.85	856.91	822.64
Total Operating Expenses	1,158	958.51	978.47	958.21	927.77
Operating Income	175.08	111.32	106.6	70.35	77.28
Interest Expense	-	-10.15	-15.64	-38.38	-47.64
Interest Income	-	9.51	1.98	5.23	2.56
Net Interest Expense	-	-0.63	-13.66	-33.15	-45.08
Other Non-Operating Income (Expenses)	-95.65	-26.36	-21.68	-5.27	-6.03
EBT Excluding Unusual Items	79.43	84.33	71.26	31.93	26.16
Gain (Loss) on Sale of Investments	-0.72	-0.5	0.4	-	-
Gain (Loss) on Sale of Assets	0.02	-0.02	0.07	-0.11	0.1
Asset Writedown	2.5	-	-0	0.06	-0.63
Legal Settlements	-	-7.5	-	-	-0.03
Other Unusual Items	-	-2.2	-0.22	0.01	1.32
Pretax Income	81.23	74.11	71.51	31.89	26.92
Income Tax Expense	5.22	6.58	15.89	0.98	-0.96
Earnings From Continuing Ops.	76.02	67.53	55.62	30.9	27.89
Minority Interest in Earnings	-13.74	-0.76	-1.01	-0.02	-0.5
Net Income	62.28	66.77	54.62	30.88	27.38
Net Income to Common	62.28	66.77	54.62	30.88	27.38
Net Income Growth	-6.72%	22.25%	76.86%	12.77%	-4.08%
Shares Outstanding (Basic)	259	267	210	206	196
Shares Outstanding (Diluted)	259	267	210	206	196
Shares Change (YoY)	-2.83%	27.13%	2.04%	5.25%	-4.08%
EPS (Basic)	0.24	0.25	0.26	0.15	0.14
EPS (Diluted)	0.24	0.25	0.26	0.15	0.14
EPS Growth	-4.00%	-3.85%	73.33%	7.14%	-
Free Cash Flow	5.48	208.89	243.71	176.31	131.14
Free Cash Flow Per Share	0.02	0.78	1.16	0.86	0.67
Dividend Per Share	-	0.102	0.080	0.043	-
Dividend Growth	-	27.50%	86.05%	-	-
Profit Margin	4.67%	6.24%	5.03%	3.00%	2.73%
Free Cash Flow Margin	0.41%	19.53%	22.46%	17.14%	13.05%
EBITDA	268.47	192.8	196.06	163.95	171.64
EBITDA Margin	20.14%	18.02%	18.07%	15.94%	17.08%
D&A For EBITDA	93.39	81.48	89.46	93.6	94.36
EBIT	175.08	111.32	106.6	70.35	77.28
EBIT Margin	13.14%	10.41%	9.82%	6.84%	7.69%
Effective Tax Rate	6.42%	8.88%	22.22%	3.09%	-
Revenue as Reported	-	1,070	1,085	1,029	1,005

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