Tianjin Capital Environmental Protection Group Co., Ltd. (600874.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	4.8B	4.8B	4.8B	4.7B	4.5B
Cost of Revenue	2.9B	2.9B	2.9B	2.8B	3.0B
Gross Profit	1.9B	1.8B	1.9B	1.8B	1.5B
Operating Expenses
R&D Expense	51.1M	58.6M	65.3M	53.1M	43.5M
SG&A Expense	161.8M	—	—	—	—
General & Admin Expense	250.4M	241.4M	248.7M	240.1M	220.9M
Selling & Marketing Expense	23.5M	16.9M	10.1M	11.5M	14.5M
Other Expenses	31.2M	—	—	—	—
Total Operating Expenses	567.0M	674.3M	730.3M	565.2M	505.0M
Cost and Expenses	3.4B	3.6B	3.6B	3.4B	3.5B
Operating Income (EBIT)	1.3B	1.2B	1.0B	1.1B	970.0M
Non-Operating
Interest Income	11.5M	—	—	—	—
Interest Expense	136.4M	—	—	—	—
Net Interest Income	(124.9M)	—	—	—	—
Other Non-Op Income/Expense	(95.9M)	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	1.2B	1.2B	1.0B	1.1B	969.3M
Income Tax Expense	246.0M	234.5M	176.4M	202.8M	156.7M
Bottom Line
Net Income	877.9M	862.4M	807.2M	865.2M	751.3M
Earnings from Cont. Ops	930.9M	916.1M	870.7M	903.4M	812.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	877.9M	862.4M	807.2M	865.2M	751.3M
Per Share
Basic EPS	CN¥0.56	CN¥0.55	CN¥0.51	CN¥0.55	CN¥0.51
Diluted EPS	CN¥0.56	CN¥0.55	CN¥0.51	CN¥0.55	CN¥0.51
Revenue Per Share	CN¥3.03	CN¥3.04	CN¥3.05	CN¥2.97	CN¥3.07
Shares
Basic Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.5B
Diluted Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.5B
Profitability Metrics
EBITDA	1.1B	1.9B	1.8B	1.8B	1.6B
D&A	381.5M	756.5M	753.2M	655.0M	594.3M
EBIT	703.2M	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026