Shanghai Electric Power Co., Ltd. (SHA: 600021)

Shanghai Electric Power 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
Operating Revenue	43,085	42,011	38,620	30,301	23,361	23,117
Other Revenue	391.11	391.11	628.75	535.33	857.27	573.27
Revenue	43,476	42,402	39,249	30,836	24,218	23,690
Revenue Growth (YoY)	1.37%	8.03%	27.28%	27.33%	2.23%	4.00%
Operations & Maintenance	-	-	-	30.35	45.76	-
Selling, General & Admin	2,407	2,272	1,716	1,729	1,561	1,354
Provision for Bad Debts	4.54	4.87	2.95	164.19	74.78	7.03
Other Operating Expenses	33,552	33,411	31,826	26,201	17,657	17,986
Total Operating Expenses	36,165	35,897	33,742	28,311	19,465	19,501
Operating Income	7,311	6,505	5,507	2,525	4,753	4,189
Interest Expense	-3,349	-3,541	-3,490	-3,001	-2,424	-2,554
Interest Income	1,747	1,393	762.97	424.29	707.04	736.28
Net Interest Expense	-1,601	-2,148	-2,727	-2,576	-1,717	-1,817
Currency Exchange Gain (Loss)	-20.62	-20.62	-311	-202.25	165.38	85.19
Other Non-Operating Income (Expenses)	-20.62	-64.69	-155.96	-127.19	-145.74	-124.64
EBT Excluding Unusual Items	5,668	4,272	2,313	-380.98	3,056	2,332
Gain (Loss) on Sale of Investments	14.93	14.93	1.5	1.17	-1.05	-1.31
Gain (Loss) on Sale of Assets	19.54	27.57	90.98	1.44	1.34	197.92
Asset Writedown	-118.89	-113.06	-	-704.23	-572.77	-223.39
Insurance Settlements	1.07	1.07	8.95	0.62	0.07	22.49
Other Unusual Items	201.14	201.14	143.26	128.53	20.18	205.67
Pretax Income	5,786	4,404	2,557	-953.45	2,504	2,533
Income Tax Expense	988.34	835.59	951.56	583.78	591.44	515.39
Earnings From Continuing Ops.	4,798	3,568	1,606	-1,537	1,913	2,018
Minority Interest in Earnings	-2,223	-1,975	-1,272	-298.57	-1,022	-1,055
Net Income	2,575	1,593	334.2	-1,836	890.28	962.38
Preferred Dividends & Other Adjustments	23,251	197.25	-	130.24	130.24	-
Net Income to Common	-20,676	1,395	334.2	-1,966	760.04	962.38
Net Income Growth	63.51%	376.56%	-	-	-7.49%	-65.03%
Shares Outstanding (Basic)	2,817	2,817	4,559	2,803	2,617	2,667
Shares Outstanding (Diluted)	2,817	2,817	4,559	2,803	2,617	2,667
Shares Change (YoY)	-15.27%	-38.22%	62.66%	7.10%	-1.85%	7.57%
EPS (Basic)	-7.34	0.50	0.07	-0.70	0.29	0.36
EPS (Diluted)	-7.34	0.50	0.07	-0.70	0.29	0.36
EPS Growth	-	575.85%	-	-	-19.53%	-67.50%
Free Cash Flow	-867.23	-660.81	3,422	-9,976	-7,244	-2,022
Free Cash Flow Per Share	-0.31	-0.23	0.75	-3.56	-2.77	-0.76
Dividend Per Share	0.200	0.200	0.035	-	0.110	0.130
Dividend Growth	471.43%	471.43%	-	-	-15.38%	-60.61%
Profit Margin	-47.56%	3.29%	0.85%	-6.38%	3.14%	4.06%
Free Cash Flow Margin	-1.99%	-1.56%	8.72%	-32.35%	-29.91%	-8.54%
EBITDA	14,267	12,928	11,219	7,288	8,934	8,046
EBITDA Margin	32.81%	30.49%	28.59%	23.63%	36.89%	33.96%
D&A For EBITDA	6,956	6,423	5,713	4,763	4,181	3,858
EBIT	7,311	6,505	5,507	2,525	4,753	4,189
EBIT Margin	16.82%	15.34%	14.03%	8.19%	19.63%	17.68%
Effective Tax Rate	17.08%	18.98%	37.21%	-	23.62%	20.35%
Revenue as Reported	43,476	42,402	39,249	30,836	24,218	23,690

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