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	55.8M	58.6M	65.3M	53.1M	43.5M
SG&A Expense	100.3M	—	—	—	—
General & Admin Expense	243.4M	241.4M	248.7M	240.1M	220.9M
Selling & Marketing Expense	20.8M	16.9M	10.1M	11.5M	14.5M
Other Expenses	25.1M	—	—	—	—
Total Operating Expenses	633.7M	674.3M	730.3M	565.2M	505.0M
Cost and Expenses	3.6B	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	6.1M	—	—	—	—
Interest Expense	65.0M	—	—	—	—
Net Interest Income	(58.8M)	—	—	—	—
Other Non-Op Income/Expense	(40.1M)	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	1.2B	1.2B	1.0B	1.1B	969.3M
Income Tax Expense	248.3M	234.5M	176.4M	202.8M	156.7M
Bottom Line
Net Income	877.0M	862.4M	807.2M	865.2M	751.3M
Earnings from Cont. Ops	937.5M	916.1M	870.7M	903.4M	812.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	877.0M	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¥3.07	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	501.9M	1.9B	1.8B	1.8B	1.6B
D&A	194.1M	756.5M	753.2M	655.0M	594.3M
EBIT	307.8M	—	—	—	—

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 Jun 1, 2026