China Yangtze Power Co., Ltd. (YANGTZE) income statement

SHH · Utilities · Renewable Utilities · 8,482 employees · CEO Haibo Liu

Price: CN¥29.74 -0.83%
Market cap: CN¥728B
Enterprise value: CN¥1T
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-29 EPS est. CN¥0.35

China Yangtze Power Co., Ltd. (YANGTZE) reported revenue of CN¥25.1B for Q3 '26 (-13.5% year on year), operating income of CN¥15.1B (59.9% of revenue) and net income of CN¥11.6B. Over the last four quarters revenue was CN¥83.2B.

Income statement

Income statement	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Revenue	CN¥19.8B	CN¥15.4B	CN¥18.7B	CN¥30.8B	CN¥17.6B	CN¥17B	CN¥19.7B	CN¥29B	CN¥20.1B	CN¥18.1B	CN¥19.8B	CN¥25.1B
Cost of revenue	CN¥8.68B	CN¥8.12B	CN¥8.53B	CN¥9.28B	CN¥8.9B	CN¥8B	CN¥8.1B	CN¥8.57B	CN¥19B	CN¥8.03B	CN¥8.04B	CN¥8.46B
Gross profit	CN¥11.2B	CN¥7.26B	CN¥10.2B	CN¥21.5B	CN¥8.74B	CN¥9.01B	CN¥11.6B	CN¥20.5B	CN¥1.11B	CN¥10.1B	CN¥11.8B	CN¥16.7B
Research & development	CN¥549M	CN¥103M	CN¥118M	CN¥115M	CN¥533M	CN¥96.3M	CN¥132M	CN¥184M	CN¥412M	CN¥132M	CN¥171M	CN¥213M
Sales & marketing	CN¥0	CN¥41.3M	-CN¥5.6M	CN¥89.8M	-CN¥44.8M	CN¥41.7M	-CN¥4.78M	CN¥0	CN¥138M	CN¥51.3M	CN¥0	CN¥0
General & administrative	CN¥0	CN¥281M	-CN¥104M	CN¥706M	-CN¥415M	CN¥313M	-CN¥141M	CN¥413M	CN¥997M	CN¥313M	CN¥0	CN¥0
Other operating expenses	CN¥44.1M	CN¥0	CN¥390M	-CN¥548M	CN¥1.13B	CN¥2.24B	CN¥1.95B	CN¥1.14B	-CN¥8.41B	CN¥652M	CN¥770M	CN¥987M
Operating expenses	CN¥1.12B	CN¥427M	CN¥399M	CN¥362M	CN¥1.2B	CN¥2.69B	CN¥1.94B	CN¥1.73B	-CN¥6.86B	CN¥1.15B	CN¥1.26B	CN¥1.61B
Operating income	CN¥10B	CN¥6.83B	CN¥9.77B	CN¥21.2B	CN¥7.54B	CN¥6.32B	CN¥9.64B	CN¥18.7B	CN¥7.97B	CN¥8.93B	CN¥10.5B	CN¥15.1B
Interest income	CN¥66.5M	CN¥65.3M	CN¥371M	CN¥58.6M	CN¥611M	CN¥60.7M	CN¥27.4M	CN¥66.2M	CN¥0	CN¥31.3M	CN¥188M	CN¥59.9M
Interest expense	CN¥3.15B	CN¥2.91B	CN¥2.8B	CN¥2.89B	CN¥2.73B	CN¥2.53B	CN¥2.4B	CN¥2.34B	CN¥0	CN¥2.13B	CN¥2.1B	CN¥1.98B
Other non-operating income (gains on investments, FX ...)	CN¥863M	CN¥52.2M	-CN¥139M	CN¥53.1M	-CN¥492M	-CN¥1.63B	-CN¥660M	-CN¥28.1M	CN¥2.79B	-CN¥1.4B	CN¥0	CN¥0
Total non-operating income	-CN¥3.07B	-CN¥2.07B	-CN¥989M	-CN¥1.58B	-CN¥1.81B	-CN¥119M	-CN¥290M	-CN¥686M	-CN¥261M	-CN¥736M	-CN¥602M	-CN¥1.24B
Income before tax	CN¥6.97B	CN¥4.76B	CN¥8.78B	CN¥19.6B	CN¥5.73B	CN¥6.2B	CN¥9.35B	CN¥18.1B	CN¥7.71B	CN¥8.19B	CN¥9.92B	CN¥13.8B
Income tax	CN¥909M	CN¥681M	CN¥1.28B	CN¥2.8B	CN¥1.18B	CN¥913M	CN¥1.36B	CN¥2.79B	CN¥2.1B	CN¥1.31B	CN¥1.77B	CN¥2.1B
Net income	CN¥5.72B	CN¥3.97B	CN¥7.4B	CN¥16.7B	CN¥4.47B	CN¥5.18B	CN¥7.88B	CN¥15.1B	CN¥5.97B	CN¥6.76B	CN¥7.99B	CN¥11.6B
EPS (basic)	CN¥0.24	CN¥0.16	CN¥0.30	CN¥0.68	CN¥0.18	CN¥0.21	CN¥0.32	CN¥0.62	CN¥0.24	CN¥0.28	CN¥0.33	CN¥0.47
EPS (diluted)	CN¥0.24	CN¥0.16	CN¥0.30	CN¥0.68	CN¥0.18	CN¥0.21	CN¥0.32	CN¥0.62	CN¥0.24	CN¥0.28	CN¥0.33	CN¥0.47
Shares (basic, weighted)	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B
Shares (diluted, weighted)	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B	24.5B
Depreciation & amortization	CN¥4.83B	CN¥4.95B	CN¥4.95B	CN¥4.97B	CN¥4.94B	CN¥4.87B	CN¥4.87B	CN¥0	CN¥4.89B	CN¥0	CN¥4.73B	CN¥0
EBITDA	CN¥14B	CN¥11.7B	CN¥14.9B	CN¥26.1B	CN¥13B	CN¥12.8B	CN¥15.2B	CN¥18.8B	CN¥10.1B	CN¥10.3B	CN¥15.2B	CN¥15.1B

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥47.9B	CN¥49.1B	CN¥50.6B	CN¥48.7B	CN¥56.6B	CN¥54.5B	CN¥67.4B	CN¥76.5B	CN¥82.5B	CN¥85.9B
Cost of revenue	CN¥19.4B	CN¥19.6B	CN¥19.2B	CN¥18.8B	CN¥21.3B	CN¥21.3B	CN¥29.8B	CN¥33.3B	CN¥34.9B	CN¥43.7B
Gross profit	CN¥28.5B	CN¥29.5B	CN¥31.5B	CN¥29.9B	CN¥35.3B	CN¥33.2B	CN¥37.6B	CN¥43.3B	CN¥47.6B	CN¥42.2B
Research & development	CN¥25.2M	CN¥28.8M	CN¥39.8M	CN¥39M	CN¥37.9M	CN¥37.4M	CN¥85.3M	CN¥780M	CN¥865M	CN¥0
Sales & marketing	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥43.7M	CN¥57M	CN¥71.6M	CN¥80.7M	CN¥0
General & administrative	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥290M	CN¥526M	CN¥388M	CN¥468M	CN¥0
Other operating expenses	-CN¥2.74B	CN¥197M	-CN¥33.3M	-CN¥35.3M	CN¥16.4M	CN¥1B	CN¥944M	CN¥842M	CN¥913M	CN¥0
Operating expenses	-CN¥2.14B	CN¥907M	CN¥747M	CN¥825M	CN¥1.31B	CN¥1.38B	CN¥1.61B	CN¥2.08B	CN¥2.33B	CN¥0
Operating income	CN¥30.6B	CN¥28.6B	CN¥30.7B	CN¥29.1B	CN¥34B	CN¥31.8B	CN¥36B	CN¥41.2B	CN¥45.3B	CN¥42.2B
Interest income	CN¥102M	CN¥578M	CN¥571M	CN¥297M	CN¥406M	CN¥379M	CN¥297M	CN¥327M	CN¥283M	CN¥0
Interest expense	CN¥6.61B	CN¥6.16B	CN¥5.96B	CN¥5.25B	CN¥5.24B	CN¥4.81B	CN¥9.83B	CN¥12.8B	CN¥11.4B	CN¥0
Other non-operating income (gains on investments, FX ...)	-CN¥192M	-CN¥3.1B	-CN¥778M	-CN¥702M	-CN¥535M	-CN¥2.56B	-CN¥37.6M	CN¥219M	-CN¥555M	CN¥859M
Total non-operating income	-CN¥5.45B	-CN¥1.92B	-CN¥3.73B	-CN¥2.47B	-CN¥1.52B	CN¥561M	-CN¥6.26B	-CN¥8.77B	-CN¥6.45B	-CN¥859M
Income before tax	CN¥25.2B	CN¥26.7B	CN¥27B	CN¥26.6B	CN¥32.5B	CN¥32.4B	CN¥29.8B	CN¥32.4B	CN¥38.9B	CN¥41.3B
Income tax	CN¥4.22B	CN¥4.38B	CN¥4.36B	CN¥5.06B	CN¥5.95B	CN¥5.92B	CN¥4.66B	CN¥4.46B	CN¥5.93B	CN¥7.16B
Net income	CN¥20.8B	CN¥22.3B	CN¥22.6B	CN¥21.5B	CN¥26.3B	CN¥26.3B	CN¥23.7B	CN¥27.2B	CN¥32.5B	CN¥34.2B
EPS (basic)	CN¥0.94	CN¥1.01	CN¥1.03	CN¥0.98	CN¥1.19	CN¥1.16	CN¥1.04	CN¥1.11	CN¥1.33	CN¥1.40
EPS (diluted)	CN¥0.94	CN¥1.01	CN¥1.03	CN¥0.98	CN¥1.19	CN¥1.16	CN¥1.04	CN¥1.11	CN¥1.33	CN¥1.40
Shares (basic, weighted)	22B	22B	22B	22B	22.2B	22.7B	22.7B	24.5B	24.5B	24.5B
Shares (diluted, weighted)	22B	22B	22B	22B	22.2B	22.7B	22.7B	24.5B	24.5B	24.5B
Depreciation & amortization	CN¥12.3B	CN¥12.3B	CN¥12.2B	CN¥12.1B	CN¥11.6B	CN¥11.5B	CN¥17B	CN¥19.2B	CN¥19.8B	CN¥19.5B
EBITDA	CN¥43.1B	CN¥44B	CN¥43.7B	CN¥41.9B	CN¥46.1B	CN¥45.9B	CN¥53B	CN¥60.2B	CN¥65.6B	CN¥60.9B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01