SHANGHAI DAZHONG PUBLIC UTILITI

SHANGHAI DAZHONG PUBLIC UTILITI — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	6.2B	6.3B	5.8B	5.4B	4.8B	5.5B	4.9B	4.6B	4.4B	4.5B	4.1B	3.9B	3.7B	3.6B	3.5B	3.4B	3.0B	2.6B	2.4B	2.1B
Revenue Growth %	-0.9%	9.3%	6.5%	13.3%	-12.4%	10.5%	7.4%	3.6%	-1.7%	9.4%	6.6%	5.7%	1.2%	2.3%	3.6%	12.7%	17.0%	6.6%	15.2%	--
Total Revenue	6.3B	6.4B	5.9B	5.5B	4.9B	5.6B	5.1B	4.7B	4.5B	4.6B	4.2B	3.9B	3.7B	3.6B	3.5B	3.4B	3.0B	2.6B	2.4B	2.1B
Cost Of Revenue	5.4B	5.4B	5.0B	4.6B	4.0B	4.7B	4.5B	3.9B	3.8B	3.9B	3.7B	3.5B	3.3B	3.3B	3.2B	3.0B	2.7B	2.3B	2.1B	1.8B
+Gross Profit	876.0M	905.0M	753.0M	817.0M	767.0M	773.0M	442.0M	672.0M	623.0M	631.0M	445.0M	406.0M	363.0M	321.0M	340.0M	383.0M	336.0M	292.0M	336.0M	285.0M
Gross Margin %	14.0%	14.4%	13.1%	15.1%	16.0%	14.2%	8.9%	14.6%	14.0%	14.0%	10.8%	10.5%	9.9%	8.9%	9.6%	11.2%	11.1%	11.3%	13.8%	13.5%
Total Operating Cost	6.3B	6.4B	5.9B	5.7B	5.1B	5.7B	5.4B	4.9B	4.6B	4.6B	4.3B	4.1B	3.9B	3.8B	3.6B	3.5B	3.1B	2.7B	2.5B	2.1B
Selling Expenses	197.0M	203.0M	199.0M	212.0M	217.0M	208.0M	199.0M	187.0M	168.0M	143.0M	109.0M	97.6M	98.9M	93.3M	90.6M	97.3M	86.4M	75.4M	62.0M	59.8M
Admin Expenses	511.0M	517.0M	391.0M	447.0M	424.0M	425.0M	397.0M	383.0M	384.0M	296.0M	294.0M	302.0M	244.0M	238.0M	205.0M	190.0M	152.0M	185.0M	166.0M	131.0M
Rd Expenses	457,500	448,100	419,800	283,000	797,200	968,300	1.1M	461,400	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	163.0M	206.0M	189.0M	348.0M	408.0M	303.0M	256.0M	354.0M	155.0M	157.0M	160.0M	157.0M	187.0M	140.0M	120.0M	119.0M	155.0M	135.0M	76.4M	23.7M
+Operating Income	429.0M	403.0M	-301.0M	487.0M	788.0M	688.0M	493.0M	629.0M	662.0M	638.0M	398.0M	346.0M	422.0M	754.0M	244.0M	338.0M	260.0M	351.0M	116.0M	111.0M
Operating Margin %	6.9%	6.4%	-5.2%	9.0%	16.5%	12.6%	10.0%	13.7%	14.9%	14.1%	9.6%	8.9%	11.5%	20.8%	6.9%	9.9%	8.6%	13.6%	4.8%	5.3%
Non Operating Income	13.4M	1.4M	4.8M	8.8M	4.1M	6.8M	5.8M	12.4M	36.2M	22.4M	21.0M	21.1M	25.2M	59.6M	65.5M	41.7M	47.7M	36.4M	42.4M	6.4M
Non Operating Expenses	7.7M	1.4M	3.8M	2.0M	13.3M	5.3M	9.7M	13.6M	17.7M	90.1M	2.1M	3.6M	5.3M	2.4M	6.2M	6.2M	9.0M	7.1M	8.1M	8.8M
Investment Income	292.0M	661.0M	485.0M	663.0M	549.0M	685.0M	772.0M	836.0M	687.0M	657.0M	529.0M	557.0M	608.0M	917.0M	341.0M	373.0M	352.0M	485.0M	175.0M	31.5M
Fair Value Change Income	24.5M	-341.0M	-783.0M	-76.6M	414.0M	75.2M	54.2M	18.0M	-1.6M	-21.8M	407,300	6,900	-94,700	-304,100	-2,900	1.1M	-5.8M	3.8M	--	--
Asset Disposal Income	12.0M	16.6M	24.7M	1.2M	485,200	-31,600	784,100	927,000	212,900	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	53,100	423,500	7.7M	1.9M	1.4M	17.4M	--	37.9M	-642,400	59.8M	13.1M	43.7M	4.4M	-1.1M	3.2M	-14.8M	6.7M	17.6M	64.1M	--
Other Income	32.8M	38.3M	36.7M	35.0M	22.8M	22.8M	15.6M	7.1M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	435.0M	403.0M	-299.0M	494.0M	778.0M	689.0M	489.0M	627.0M	681.0M	570.0M	417.0M	363.0M	442.0M	811.0M	303.0M	373.0M	298.0M	380.0M	151.0M	129.0M
Income Tax	106.0M	99.2M	-45.4M	102.0M	184.0M	55.9M	59.6M	71.8M	46.7M	37.4M	42.5M	49.9M	53.3M	164.0M	37.0M	64.0M	74.5M	61.2M	44.6M	51.0M
+Net Income	328.0M	304.0M	-254.0M	392.0M	594.0M	634.0M	429.0M	556.0M	634.0M	533.0M	374.0M	313.0M	389.0M	647.0M	266.0M	309.0M	224.0M	319.0M	106.0M	78.5M
Net Margin %	5.2%	4.8%	-4.4%	7.2%	12.4%	11.6%	8.7%	12.1%	14.3%	11.8%	9.1%	8.1%	10.6%	17.9%	7.5%	9.0%	7.4%	12.3%	4.4%	3.7%
Net Income Attributable	233.0M	213.0M	-333.0M	303.0M	515.0M	526.0M	478.0M	474.0M	548.0M	461.0M	340.0M	279.0M	337.0M	419.0M	221.0M	221.0M	173.0M	250.0M	51.2M	36.2M
Minority Interest	95.3M	91.1M	78.5M	88.8M	79.1M	107.0M	-49.2M	81.4M	86.2M	71.9M	33.8M	34.3M	51.9M	228.0M	44.7M	88.8M	50.7M	69.0M	54.8M	42.3M
Eps Basic	0.08	0.07	-0.11	0.10	0.17	0.18	0.16	0.16	0.22	0.19	0.14	0.17	0.20	0.25	0.13	0.13	0.12	0.17	0.06	0.05
Eps Diluted	0.08	0.07	-0.11	0.10	0.17	0.18	0.16	0.16	0.22	0.19	0.14	0.17	0.20	0.25	0.13	0.13	0.12	0.17	0.06	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	3.4B	3.2B	3.0B	2.0B	2.1B	3.0B	3.1B	5.1B	3.4B	1.6B	1.6B	964.0M	1.2B	638.0M	602.0M	655.0M	790.0M	1.1B	885.0M	1.4B
Trading Financial Assets	111.0M	117.0M	206.0M	491.0M	627.0M	121.0M	190.0M	21.2M	74.1M	106.0M	47.2M	180,900	214,100	308,700	119,300	1.2M	1.2M	9.7M	4.1M	126.0M
Accounts Receivable	613.0M	449.0M	440.0M	1.2B	505.0M	351.0M	426.0M	307.0M	300.0M	312.0M	284.0M	329.0M	284.0M	251.0M	240.0M	186.0M	165.0M	222.0M	154.0M	184.0M
Notes Receivable	--	810,000	655,000	140,000	--	550,000	400,000	--	4.2M	17.1M	--	--	4.4M	12.0M	30.8M	16.9M	8.5M	2.9M	1.4M	5.3M
Notes And Accounts Receivable	613.0M	449.0M	440.0M	1.2B	505.0M	352.0M	426.0M	307.0M	304.0M	329.0M	284.0M	329.0M	288.0M	263.0M	271.0M	203.0M	173.0M	225.0M	156.0M	189.0M
Prepayments	56.9M	70.9M	56.3M	39.1M	69.0M	97.2M	30.9M	20.4M	9.6M	9.4M	3.7M	18.8M	20.7M	13.3M	20.5M	5.7M	36.6M	76.2M	78.6M	99.2M
Inventory	274.0M	298.0M	333.0M	387.0M	348.0M	313.0M	356.0M	315.0M	317.0M	279.0M	345.0M	293.0M	294.0M	344.0M	288.0M	309.0M	527.0M	485.0M	438.0M	405.0M
Total Current Assets	5.7B	5.4B	5.6B	5.4B	5.3B	5.6B	5.1B	7.0B	4.8B	3.0B	2.3B	1.7B	2.0B	1.4B	1.2B	1.2B	1.6B	1.9B	1.7B	2.3B
Long Term Equity Investment	7.4B	7.2B	7.2B	7.3B	7.1B	7.9B	7.2B	5.6B	4.7B	4.1B	3.1B	2.8B	3.1B	2.9B	3.1B	2.2B	1.6B	1.5B	1.0B	941.0M
Fixed Assets	--	5.1B	5.1B	5.1B	4.9B	4.8B	4.4B	4.1B	4.0B	3.7B	3.5B	3.3B	3.1B	2.9B	2.6B	2.3B	2.6B	2.3B	2.0B	1.7B
Fixed Assets Total	5.2B	5.1B	5.1B	5.1B	4.9B	4.8B	4.4B	4.1B	4.0B	3.7B	3.5B	3.3B	3.1B	2.9B	2.6B	2.3B	2.6B	2.3B	2.0B	1.7B
Construction In Progress	--	162.0M	168.0M	164.0M	229.0M	181.0M	411.0M	783.0M	536.0M	648.0M	734.0M	441.0M	474.0M	425.0M	454.0M	449.0M	389.0M	245.0M	178.0M	227.0M
Construction In Progress Total	321.0M	162.0M	168.0M	164.0M	229.0M	181.0M	411.0M	783.0M	536.0M	648.0M	734.0M	441.0M	474.0M	425.0M	454.0M	449.0M	389.0M	245.0M	179.0M	228.0M
Intangible Assets	176.0M	186.0M	196.0M	213.0M	977.0M	1.0B	1.0B	656.0M	431.0M	264.0M	265.0M	241.0M	232.0M	240.0M	210.0M	69.5M	98.7M	94.1M	79.6M	56.6M
Long Term Deferred Expenses	6.3M	4.3M	465,400	466,300	1.6M	3.4M	5.8M	3.5M	4.8M	4.9M	5.4M	4.0M	4.7M	1.8M	2.1M	2.8M	1.2M	1.6M	245,000	56,300
Total Non Current Assets	17.2B	17.4B	18.0B	18.7B	18.3B	17.0B	16.4B	13.7B	12.6B	11.5B	10.0B	9.1B	8.7B	8.5B	8.5B	7.0B	6.7B	6.3B	5.3B	4.1B
Total Assets	23.0B	22.8B	23.6B	24.1B	23.6B	22.6B	21.6B	20.7B	17.4B	14.5B	12.3B	10.8B	10.7B	10.0B	9.7B	8.1B	8.3B	8.2B	7.0B	6.5B
Short Term Borrowings	3.0B	2.8B	2.9B	3.4B	3.2B	2.2B	2.2B	2.5B	1.5B	1.3B	747.0M	527.0M	740.0M	510.0M	980.0M	1.2B	1.2B	1.4B	1.1B	1.4B
Accounts Payable	1.7B	1.4B	1.7B	1.6B	1.6B	2.0B	1.4B	1.3B	1.3B	1.1B	1.4B	943.0M	780.0M	442.0M	323.0M	229.0M	238.0M	281.0M	258.0M	161.0M
Advance Receipts	24.7M	29.5M	32.7M	34.3M	21.4M	23.0M	29.9M	1.1B	940.0M	808.0M	904.0M	785.0M	666.0M	669.0M	667.0M	687.0M	827.0M	655.0M	505.0M	463.0M
Contract Liabilities	780.0M	833.0M	771.0M	920.0M	936.0M	943.0M	1.1B	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	8.3B	8.5B	9.4B	8.3B	8.9B	8.4B	6.5B	8.9B	5.6B	4.3B	3.9B	3.1B	3.2B	3.7B	3.4B	3.8B	4.3B	4.0B	3.4B	3.5B
Long Term Borrowings	393.0M	337.0M	463.0M	455.0M	373.0M	432.0M	1.8B	828.0M	378.0M	439.0M	260.0M	187.0M	329.0M	619.0M	889.0M	867.0M	926.0M	1.0B	1.1B	431.0M
Total Non Current Liabilities	4.7B	4.6B	4.6B	5.8B	4.8B	5.0B	6.5B	3.5B	3.5B	3.4B	3.0B	2.8B	2.9B	1.7B	1.9B	925.0M	984.0M	1.1B	1.2B	469.0M
Total Liabilities	12.9B	13.1B	14.0B	14.1B	13.7B	13.3B	13.0B	12.4B	9.1B	7.7B	6.9B	6.0B	6.1B	5.5B	5.3B	4.7B	5.3B	5.1B	4.5B	4.0B
Paid In Capital	3.0B	3.0B	3.0B	3.0B	3.0B	3.0B	3.0B	3.0B	2.9B	2.5B	1.6B	1.6B	1.6B	1.6B	1.6B	1.5B	1.5B	1.2B	923.0M	710.0M
Capital Reserve	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.2B	1.1B	1.0B	169.0M	207.0M	205.0M	790.0M	951.0M	1.2B	585.0M	238.0M	606.0M	459.0M	625.0M
Surplus Reserve	734.0M	712.0M	695.0M	678.0M	606.0M	585.0M	532.0M	500.0M	462.0M	428.0M	393.0M	365.0M	351.0M	324.0M	278.0M	243.0M	225.0M	208.0M	187.0M	306.0M
Retained Earnings	3.5B	3.4B	3.3B	3.8B	3.1B	2.8B	2.2B	1.6B	1.3B	959.0M	1.4B	1.2B	1.1B	889.0M	598.0M	442.0M	321.0M	290.0M	199.0M	66.4M
Minority Equity	1.5B	1.4B	1.3B	1.3B	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B	958.0M	861.0M	715.0M	693.0M	664.0M	637.0M	674.0M	703.0M	671.0M	738.0M
Equity Attributable	8.5B	8.3B	8.2B	8.7B	8.6B	8.1B	7.5B	7.2B	7.1B	5.8B	4.4B	3.9B	3.9B	3.8B	3.8B	2.8B	2.3B	2.4B	1.8B	1.7B
Total Equity	10.0B	9.7B	9.6B	10.0B	9.9B	9.2B	8.6B	8.4B	8.3B	6.8B	5.4B	4.8B	4.6B	4.5B	4.4B	3.4B	3.0B	3.1B	2.4B	2.4B

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	6.5B	6.9B	6.1B	6.1B	5.2B	5.9B	5.3B	5.1B	5.1B	5.0B	4.8B	4.4B	4.0B	4.0B	3.7B	3.8B	3.5B	3.1B	2.8B	2.6B
Tax Refunds Received	--	--	949,100	--	--	--	816,300	879,100	4.6M	2.1M	--	--	--	--	13.3M	17.4M	31.8M	28.2M	19.9M	21.2M
Total Operating Cash Inflow	6.7B	7.2B	6.4B	6.3B	5.5B	6.2B	5.5B	5.3B	5.3B	5.2B	4.9B	4.5B	4.1B	4.0B	3.9B	3.9B	3.7B	3.2B	3.0B	2.8B
Cash Paid For Goods	5.1B	5.4B	4.8B	4.6B	4.2B	4.0B	4.2B	3.8B	3.8B	4.0B	3.3B	3.3B	3.0B	3.2B	3.1B	2.9B	2.8B	2.3B	2.0B	2.0B
Cash Paid To Employees	795.0M	794.0M	710.0M	705.0M	632.0M	628.0M	623.0M	584.0M	522.0M	448.0M	430.0M	438.0M	395.0M	380.0M	335.0M	309.0M	260.0M	217.0M	186.0M	177.0M
Taxes Paid	237.0M	212.0M	250.0M	188.0M	202.0M	151.0M	189.0M	205.0M	191.0M	140.0M	120.0M	126.0M	212.0M	113.0M	143.0M	140.0M	152.0M	105.0M	239.0M	126.0M
Total Operating Cash Outflow	6.3B	6.5B	5.9B	5.7B	5.2B	5.0B	5.2B	4.8B	4.7B	4.8B	4.2B	4.0B	3.7B	3.8B	3.7B	3.5B	3.3B	2.9B	2.8B	2.5B
Operating Cash Flow	406.0M	690.0M	417.0M	674.0M	229.0M	1.2B	280.0M	507.0M	595.0M	307.0M	683.0M	532.0M	380.0M	215.0M	281.0M	440.0M	357.0M	266.0M	258.0M	353.0M
Total Investing Cash Inflow	4.2B	2.7B	5.6B	3.3B	2.9B	1.8B	2.5B	2.6B	2.1B	1.8B	1.1B	740.0M	1.6B	1.1B	457.0M	444.0M	427.0M	752.0M	455.0M	344.0M
Total Investing Cash Outflow	4.0B	2.3B	5.3B	3.8B	4.1B	2.4B	4.6B	4.1B	2.7B	2.6B	1.3B	878.0M	1.4B	683.0M	890.0M	742.0M	778.0M	952.0M	1.4B	1.0B
Investing Cash Flow	113.0M	397.0M	311.0M	-494.0M	-1.2B	-548.0M	-2.2B	-1.5B	-620.0M	-854.0M	-153.0M	-138.0M	198.0M	430.0M	-432.0M	-298.0M	-351.0M	-200.0M	-995.0M	-685.0M
Cash From Borrowings	5.4B	7.0B	7.0B	8.1B	6.7B	4.3B	6.3B	3.3B	3.6B	3.5B	1.7B	1.2B	860.0M	3.0B	2.8B	1.7B	2.6B	1.6B	2.2B	1.5B
Dividends And Interest Paid	382.0M	399.0M	492.0M	504.0M	541.0M	623.0M	508.0M	461.0M	350.0M	250.0M	363.0M	247.0M	388.0M	424.0M	178.0M	263.0M	210.0M	191.0M	258.0M	74.6M
Debt Repayments	5.4B	7.4B	6.3B	7.8B	5.9B	4.4B	6.1B	2.6B	3.2B	2.7B	1.4B	1.7B	2.0B	3.2B	2.4B	1.7B	2.6B	1.4B	1.7B	1.0B
Total Financing Cash Inflow	5.5B	7.0B	7.0B	8.1B	6.7B	4.4B	6.6B	6.3B	5.5B	3.6B	1.8B	1.3B	2.4B	3.0B	2.9B	1.7B	2.6B	1.6B	2.2B	1.6B
Total Financing Cash Outflow	5.8B	7.9B	6.8B	8.3B	6.4B	5.1B	6.6B	3.5B	3.8B	3.0B	1.7B	2.0B	2.4B	3.6B	2.6B	1.9B	2.9B	1.6B	2.0B	1.1B
Financing Cash Flow	-327.0M	-867.0M	136.0M	-261.0M	215.0M	-725.0M	-75.5M	2.7B	1.7B	562.0M	40.8M	-669.0M	20.9M	-612.0M	254.0M	-280.0M	-283.0M	-19.5M	224.0M	491.0M
Net Change In Cash	206.0M	236.0M	936.0M	-101.0M	-852.0M	-43.4M	-1.9B	1.7B	1.7B	19.6M	571.0M	-275.0M	599.0M	33.2M	103.0M	-138.0M	-277.0M	47.0M	-513.0M	159.0M
Ending Cash Balance	3.4B	3.2B	3.0B	2.0B	2.1B	3.0B	3.0B	4.9B	3.3B	1.6B	1.5B	959.0M	1.2B	635.0M	602.0M	499.0M	637.0M	914.0M	867.0M	--
Capex	486.0M	353.0M	285.0M	646.0M	648.0M	682.0M	748.0M	923.0M	545.0M	570.0M	682.0M	486.0M	273.0M	563.0M	408.0M	507.0M	455.0M	469.0M	602.0M	345.0M