Zhejiang Provincial New Energy Investment Group Co., Ltd. (SHA:600032)

SHA:600032 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,839	4,900	4,439	4,520	3,210	2,282
Other Revenue	61.02	61.02	84.82	78.44	24.82	64.2
Revenue	4,900	4,961	4,523	4,598	3,235	2,347
Revenue Growth (YoY)	5.37%	9.68%	-1.62%	42.14%	37.86%	11.61%
Selling, General & Admin	304.41	305.07	259.39	241.6	177.12	142.99
Provision for Bad Debts	193.85	207.84	171.62	150.46	154.55	94.17
Other Operating Expenses	2,844	2,746	2,267	2,169	1,336	1,112
Total Operating Expenses	3,356	3,272	2,709	2,582	1,688	1,354
Operating Income	1,544	1,689	1,814	2,016	1,547	992.56
Interest Expense	-991.68	-1,005	-1,014	-1,188	-713.19	-583.7
Interest Income	278.56	313.9	319.15	453.92	213.75	191.22
Net Interest Expense	-713.12	-691.44	-694.88	-733.84	-499.45	-392.48
Other Non-Operating Income (Expenses)	-3.28	-1.31	-1.74	2.37	10.45	3.31
EBT Excluding Unusual Items	827.22	996.56	1,118	1,284	1,058	603.39
Impairment of Goodwill	-	-	-	-20.75	-4.31	-1.47
Gain (Loss) on Sale of Investments	20.79	20.79	-5.8	6.62	5.67	0.94
Gain (Loss) on Sale of Assets	0.73	0.73	1.51	-0.15	-0	0.04
Asset Writedown	-37.86	-37.86	-9.57	-0.03	0.83	-0.6
Insurance Settlements	0.15	0.15	-	-	-	-
Other Unusual Items	21.91	20.17	4.82	28.46	70.99	6.38
Pretax Income	832.93	1,001	1,109	1,299	1,131	608.68
Income Tax Expense	155.6	174.68	131.01	148.28	116.2	83.83
Earnings From Continuing Ops.	677.33	825.85	977.81	1,150	1,015	524.85
Minority Interest in Earnings	-199.82	-259.35	-350.66	-374.52	-325.85	-241.13
Net Income	477.51	566.5	627.15	775.84	689.25	283.72
Net Income to Common	477.51	566.5	627.15	775.84	689.25	283.72
Net Income Growth	-29.68%	-9.67%	-19.16%	12.56%	142.93%	-30.38%
Shares Outstanding (Basic)	2,404	2,405	2,296	2,080	1,993	1,872
Shares Outstanding (Diluted)	2,404	2,405	2,296	2,080	1,993	1,872
Shares Change (YoY)	1.12%	4.71%	10.41%	4.35%	6.50%	-0.02%
EPS (Basic)	0.20	0.24	0.27	0.37	0.35	0.15
EPS (Diluted)	0.20	0.24	0.27	0.37	0.35	0.15
EPS Growth	-30.46%	-13.73%	-26.78%	7.87%	128.10%	-30.36%
Free Cash Flow	793.29	1,222	-1,767	-388.65	-1,673	-3,518
Free Cash Flow Per Share	0.33	0.51	-0.77	-0.19	-0.84	-1.88
Dividend Per Share	0.071	0.071	0.070	0.080	0.045	-
Dividend Growth	1.43%	1.43%	-12.50%	77.78%	-	-
Profit Margin	9.75%	11.42%	13.87%	16.87%	21.31%	12.09%
Free Cash Flow Margin	16.19%	24.62%	-39.06%	-8.45%	-51.70%	-149.93%
EBITDA	3,685	3,744	3,523	3,654	2,521	1,807
EBITDA Margin	75.20%	75.46%	77.88%	79.47%	77.94%	77.02%
D&A For EBITDA	2,141	2,054	1,708	1,638	973.99	814.75
EBIT	1,544	1,689	1,814	2,016	1,547	992.56
EBIT Margin	31.51%	34.05%	40.11%	43.84%	47.83%	42.30%
Effective Tax Rate	18.68%	17.46%	11.82%	11.42%	10.27%	13.77%
Revenue as Reported	4,900	4,961	4,523	4,598	3,235	2,347

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Utility template. Financial Sources.