Beijing Jingneng Clean Energy Co., Limited (HKG:0579)

HKG:0579 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	20,562	20,446	20,030	18,645	17,003
Revenue Growth (YoY)	0.57%	2.08%	7.43%	9.66%	3.75%
Fuel & Purchased Power	9,226	9,365	9,187	9,054	8,804
Operations & Maintenance	305.29	321.73	560.5	549.61	594.66
Selling, General & Admin	63.39	62.38	74.47	63.71	59.82
Depreciation & Amortization	3,740	3,848	3,681	3,122	2,811
Provision for Bad Debts	10.12	7.95	3.27	-1.15	1.51
Other Operating Expenses	1,982	1,076	1,253	1,022	829.82
Total Operating Expenses	15,326	14,681	14,759	13,810	13,101
Operating Income	5,236	5,765	5,272	4,835	3,902
Interest Expense	-1,153	-1,243	-1,501	-1,373	-1,151
Interest Income	64.55	68.08	58.01	36.89	41.07
Net Interest Expense	-1,088	-1,175	-1,443	-1,336	-1,110
Income (Loss) on Equity Investments	106.89	131.24	115.53	-206.99	145.72
Currency Exchange Gain (Loss)	-106.29	-19.71	80.44	-16.19	-3.38
Other Non-Operating Income (Expenses)	60.89	42.65	42.64	46.9	52.48
EBT Excluding Unusual Items	4,209	4,744	4,067	3,322	2,987
Impairment of Goodwill	-	-48.28	-	-75.92	-
Gain (Loss) on Sale of Investments	-16.23	-251.2	-227.99	81.08	-50.84
Gain (Loss) on Sale of Assets	471.3	-1.92	-2.08	-9.94	-14.63
Asset Writedown	-403.36	-312.79	-	-66.99	-119.52
Other Unusual Items	18.88	13.92	6.33	34.19	151.05
Pretax Income	4,280	4,144	3,844	3,285	2,953
Income Tax Expense	858.91	908.59	820.09	615.6	557.04
Earnings From Continuing Ops.	3,421	3,235	3,023	2,669	2,396
Minority Interest in Earnings	-78.3	-85.32	-80.98	-80.5	-60.65
Net Income	3,343	3,150	2,942	2,589	2,335
Preferred Dividends & Other Adjustments	97.55	92.24	100.75	59.9	31.95
Net Income to Common	3,245	3,058	2,842	2,529	2,303
Net Income Growth	6.12%	7.05%	13.66%	10.85%	11.70%
Shares Outstanding (Basic)	8,245	8,245	8,245	8,245	8,245
Shares Outstanding (Diluted)	8,245	8,245	8,245	8,245	8,245
EPS (Basic)	0.39	0.37	0.34	0.31	0.28
EPS (Diluted)	0.39	0.37	0.34	0.31	0.28
EPS Growth	6.13%	7.60%	12.37%	9.79%	10.17%
Free Cash Flow	-	1,017	2,361	-3,995	-4,634
Free Cash Flow Per Share	-	0.12	0.29	-0.48	-0.56
Dividend Per Share	0.143	0.140	0.120	0.070	0.069
Dividend Growth	2.29%	16.31%	70.81%	2.28%	-4.71%
Profit Margin	15.78%	14.95%	14.19%	13.56%	13.55%
Free Cash Flow Margin	-	4.97%	11.79%	-21.43%	-27.25%
EBITDA	8,983	9,513	8,863	7,884	6,634
EBITDA Margin	43.69%	46.53%	44.25%	42.28%	39.02%
D&A For EBITDA	3,747	3,747	3,592	3,049	2,732
EBIT	5,236	5,765	5,272	4,835	3,902
EBIT Margin	25.46%	28.20%	26.32%	25.93%	22.95%
Effective Tax Rate	20.07%	21.93%	21.34%	18.74%	18.86%

Updated Oct 31, 2024. Source: S&P Global Market Intelligence. Utility template. Financial Sources.