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

Beijing Jingneng Clean Energy Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	20,154	20,446	20,030	18,645	17,003	16,389
Revenue Growth (YoY)	-1.61%	2.08%	7.43%	9.66%	3.75%	0.92%
Fuel & Purchased Power	9,365	9,365	9,187	9,054	8,804	9,143
Operations & Maintenance	321.73	321.73	560.5	549.61	594.66	624.29
Selling, General & Admin	96.45	62.38	74.47	63.71	59.82	46.99
Depreciation & Amortization	3,848	3,848	3,681	3,122	2,811	2,453
Provision for Bad Debts	12.95	7.95	3.27	-1.15	1.51	10.82
Other Operating Expenses	1,299	1,076	1,253	1,022	829.82	564.29
Total Operating Expenses	14,943	14,681	14,759	13,810	13,101	12,842
Operating Income	5,212	5,765	5,272	4,835	3,902	3,546
Interest Expense	-1,138	-1,243	-1,501	-1,373	-1,151	-1,220
Interest Income	-23.58	68.08	58.01	36.89	41.07	59.1
Net Interest Expense	-1,161	-1,175	-1,443	-1,336	-1,110	-1,161
Income (Loss) on Equity Investments	131.24	131.24	115.53	-206.99	145.72	119.28
Currency Exchange Gain (Loss)	-40.1	-19.71	80.44	-16.19	-3.38	-3.06
Other Non-Operating Income (Expenses)	315.29	42.65	42.64	46.9	52.48	27.99
EBT Excluding Unusual Items	4,457	4,744	4,067	3,322	2,987	2,530
Impairment of Goodwill	-48.28	-48.28	-	-75.92	-	-
Gain (Loss) on Sale of Investments	-174.42	-251.2	-227.99	81.08	-50.84	26.99
Gain (Loss) on Sale of Assets	-3.93	-1.92	-2.08	-9.94	-14.63	1.19
Asset Writedown	-312.79	-312.79	-	-66.99	-119.52	-
Other Unusual Items	13.92	13.92	6.33	34.19	151.05	117.09
Pretax Income	3,931	4,144	3,844	3,285	2,953	2,675
Income Tax Expense	844.99	908.59	820.09	615.6	557.04	507.96
Earnings From Continuing Ops.	3,086	3,235	3,023	2,669	2,396	2,167
Minority Interest in Earnings	-64.39	-85.32	-80.98	-80.5	-60.65	-76.56
Net Income	3,022	3,150	2,942	2,589	2,335	2,091
Preferred Dividends & Other Adjustments	92.24	92.24	100.75	59.9	31.95	-
Net Income to Common	2,930	3,058	2,842	2,529	2,303	2,091
Net Income Growth	-4.29%	7.05%	13.66%	10.85%	11.70%	2.91%
Shares Outstanding (Basic)	8,245	8,245	8,245	8,245	8,245	8,245
Shares Outstanding (Diluted)	8,245	8,245	8,245	8,245	8,245	8,245
Shares Change (YoY)	-	-	-	-	-	9.66%
EPS (Basic)	0.36	0.37	0.34	0.31	0.28	0.25
EPS (Diluted)	0.36	0.37	0.34	0.31	0.28	0.25
EPS Growth	-4.16%	7.60%	12.37%	9.79%	10.17%	-4.48%
Free Cash Flow	3,323	1,017	2,361	-3,995	-4,634	762.78
Free Cash Flow Per Share	0.40	0.12	0.29	-0.48	-0.56	0.09
Dividend Per Share	0.140	0.140	0.120	0.070	0.069	0.072
Dividend Growth	16.31%	16.31%	70.81%	2.28%	-4.71%	8.25%
Profit Margin	14.54%	14.95%	14.19%	13.56%	13.55%	12.76%
Free Cash Flow Margin	16.49%	4.97%	11.79%	-21.43%	-27.25%	4.65%
EBITDA	9,076	9,513	8,863	7,884	6,634	5,952
EBITDA Margin	45.03%	46.53%	44.25%	42.28%	39.02%	36.31%
D&A For EBITDA	3,864	3,747	3,592	3,049	2,732	2,405
EBIT	5,212	5,765	5,272	4,835	3,902	3,546
EBIT Margin	25.86%	28.20%	26.32%	25.93%	22.95%	21.64%
Effective Tax Rate	21.49%	21.93%	21.34%	18.74%	18.86%	18.99%

Source: S&P Capital IQ. Utility template. Financial Sources.