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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Jan 1, 2022	Dec 31, 2020
Operating Revenue	3,505	3,154	2,987	2,887	2,617	2,008
Other Revenue	0.36	0.36	0.67	1.13	1.65	0.49
Revenue	3,505	3,155	2,988	2,888	2,619	2,009
Revenue Growth (YoY)	14.13%	5.58%	3.46%	10.29%	30.35%	33.18%
Cost of Revenue	2,231	1,997	1,994	1,808	1,570	1,196
Gross Profit	1,274	1,158	993.79	1,080	1,048	813.32
Selling, General & Admin	326.1	266.29	225.35	209.45	181.43	175.58
Research & Development	29.04	28.5	36.95	4.96	6.53	11.68
Other Operating Expenses	0.77	-2.35	-5.96	7.7	6.13	3.57
Operating Expenses	445.02	557.86	326.74	253.09	294.22	242.54
Operating Income	828.77	600.3	667.05	827.4	753.85	570.79
Interest Expense	-307.63	-282.22	-262.83	-244.79	-214.21	-157.16
Interest & Investment Income	54.7	72.99	64.08	117.82	56.39	31.61
Other Non Operating Income (Expenses)	-13.05	-5.55	-5.2	-3.38	-2.02	-2.54
EBT Excluding Unusual Items	562.78	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	1.37	1.28	2.28	-1.9	0	-0.04
Asset Writedown	-411.19	-410.72	-4.58	-37.88	-8.41	-9.12
Other Unusual Items	44.66	47.29	6.78	23.1	27.41	41.33
Pretax Income	184.92	10.67	452.76	680.36	613.01	473.48
Income Tax Expense	24.22	79.14	91.12	72.59	88.84	50.3
Earnings From Continuing Operations	160.7	-68.47	361.65	607.77	524.17	423.17
Net Income to Company	160.7	-68.47	361.65	607.77	524.17	423.17
Minority Interest in Earnings	-28.58	10.34	-50.91	-53.86	-45.23	-24.6
Net Income	132.13	-58.13	310.74	553.91	478.94	398.58
Net Income to Common	132.13	-58.13	310.74	553.91	478.94	398.58
Net Income Growth	13.96%	-	-43.90%	15.65%	20.16%	44.29%
Shares Outstanding (Basic)	2,909	2,906	3,884	3,693	3,684	3,066
Shares Outstanding (Diluted)	2,909	2,906	3,884	3,693	3,684	3,066
Shares Change (YoY)	-24.07%	-25.18%	5.19%	0.23%	20.16%	-0.11%
EPS (Basic)	0.05	-0.02	0.08	0.15	0.13	0.13
EPS (Diluted)	0.05	-0.02	0.08	0.15	0.13	0.13
EPS Growth	50.09%	-	-46.67%	15.38%	-	44.44%
Free Cash Flow	-2,010	-1,150	-1,654	-1,175	-1,275	-1,180
Free Cash Flow Per Share	-0.69	-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	36.34%	36.71%	33.26%	37.41%	40.02%	40.49%
Operating Margin	23.65%	19.03%	22.32%	28.65%	28.79%	28.41%
Profit Margin	3.77%	-1.84%	10.40%	19.18%	18.29%	19.84%
Free Cash Flow Margin	-57.34%	-36.46%	-55.34%	-40.69%	-48.68%	-58.75%
EBITDA	1,712	1,369	1,283	1,403	1,290	1,008
EBITDA Margin	48.85%	43.40%	42.95%	48.59%	49.27%	50.18%
D&A For EBITDA	883.39	768.93	616.32	575.78	536.42	437.28
EBIT	828.77	600.3	667.05	827.4	753.85	570.79
EBIT Margin	23.65%	19.03%	22.32%	28.65%	28.79%	28.41%
Effective Tax Rate	13.10%	741.88%	20.12%	10.67%	14.49%	10.62%
Revenue as Reported	3,505	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.