China Southern Power Grid Energy Efficiency & Clean Energy Co., Ltd. (SHE:003035)

SHE:003035 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Jan 1, 2022	Dec 31, 2020
Operating Revenue	3,434	3,154	2,987	2,887	2,617	2,008
Other Revenue	0.01	0.36	0.67	1.13	1.65	0.49
Revenue	3,434	3,155	2,988	2,888	2,619	2,009
Revenue Growth (YoY)	14.16%	5.58%	3.46%	10.29%	30.35%	33.18%
Cost of Revenue	2,146	1,997	1,994	1,808	1,570	1,196
Gross Profit	1,288	1,158	993.79	1,080	1,048	813.32
Selling, General & Admin	300.21	266.29	225.35	209.45	181.43	175.58
Research & Development	30	28.5	36.95	4.96	6.53	11.68
Other Operating Expenses	-0.01	-2.35	-5.96	7.7	6.13	3.57
Operating Expenses	634.64	557.86	326.74	253.09	294.22	242.54
Operating Income	653.54	600.3	667.05	827.4	753.85	570.79
Interest Expense	-289.71	-282.22	-262.83	-244.79	-214.21	-157.16
Interest & Investment Income	46.18	72.99	64.08	117.82	56.39	31.61
Other Non Operating Income (Expenses)	-14.68	-5.55	-5.2	-3.38	-2.02	-2.54
EBT Excluding Unusual Items	395.34	385.52	463.1	697.05	594.01	442.7
Impairment of Goodwill	-12.68	-12.68	-14.82	-	-	-
Gain (Loss) on Sale of Investments	-0.02	-0.02	-	-	-	-1.39
Gain (Loss) on Sale of Assets	1.43	1.28	2.28	-1.9	0	-0.04
Asset Writedown	-410.9	-410.72	-4.58	-37.88	-8.41	-9.12
Other Unusual Items	50.2	47.29	6.78	23.1	27.41	41.33
Pretax Income	23.37	10.67	452.76	680.36	613.01	473.48
Income Tax Expense	66.44	79.14	91.12	72.59	88.84	50.3
Earnings From Continuing Operations	-43.07	-68.47	361.65	607.77	524.17	423.17
Net Income to Company	-43.07	-68.47	361.65	607.77	524.17	423.17
Minority Interest in Earnings	-5.9	10.34	-50.91	-53.86	-45.23	-24.6
Net Income	-48.97	-58.13	310.74	553.91	478.94	398.58
Net Income to Common	-48.97	-58.13	310.74	553.91	478.94	398.58
Net Income Growth	-	-	-43.90%	15.65%	20.16%	44.29%
Shares Outstanding (Basic)	2,907	2,906	3,884	3,693	3,684	3,066
Shares Outstanding (Diluted)	2,907	2,906	3,884	3,693	3,684	3,066
Shares Change (YoY)	-24.21%	-25.18%	5.19%	0.23%	20.16%	-0.11%
EPS (Basic)	-0.02	-0.02	0.08	0.15	0.13	0.13
EPS (Diluted)	-0.02	-0.02	0.08	0.15	0.13	0.13
EPS Growth	-	-	-46.67%	15.38%	-	44.44%
Free Cash Flow	-2,282	-1,150	-1,654	-1,175	-1,275	-1,180
Free Cash Flow Per Share	-0.79	-0.40	-0.43	-0.32	-0.35	-0.39
Dividend Per Share	0.007	0.006	0.009	0.015	0.013	0.011
Dividend Growth	-53.64%	-34.07%	-38.09%	16.67%	18.87%	-
Gross Margin	37.51%	36.71%	33.26%	37.41%	40.02%	40.49%
Operating Margin	19.03%	19.03%	22.32%	28.65%	28.79%	28.41%
Profit Margin	-1.43%	-1.84%	10.40%	19.18%	18.29%	19.84%
Free Cash Flow Margin	-66.44%	-36.46%	-55.34%	-40.69%	-48.68%	-58.75%
EBITDA	1,485	1,369	1,283	1,403	1,290	1,008
EBITDA Margin	43.24%	43.40%	42.95%	48.59%	49.27%	50.18%
D&A For EBITDA	831.4	768.93	616.32	575.78	536.42	437.28
EBIT	653.54	600.3	667.05	827.4	753.85	570.79
EBIT Margin	19.03%	19.03%	22.32%	28.65%	28.79%	28.41%
Effective Tax Rate	284.28%	741.88%	20.12%	10.67%	14.49%	10.62%
Revenue as Reported	3,434	3,155	2,988	2,888	2,619	2,009
Advertising Expenses	-	0.01	0.31	0.47	0.21	0.72

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