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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	42,575	42,340	42,011	38,620	30,301	23,361
Other Revenue	512.75	394.21	391.11	628.75	535.33	857.27
Revenue	43,087	42,734	42,402	39,249	30,836	24,218
Revenue Growth (YoY)	2.03%	0.78%	8.03%	27.28%	27.33%	2.23%
Operations & Maintenance	-	-	-	-	30.35	45.76
Selling, General & Admin	2,264	2,203	2,272	1,716	1,729	1,561
Provision for Bad Debts	286.3	286.02	4.87	2.95	164.19	74.78
Other Operating Expenses	32,908	32,966	33,296	31,826	26,201	17,657
Total Operating Expenses	35,652	35,662	35,781	33,742	28,311	19,465
Operating Income	7,436	7,072	6,620	5,507	2,525	4,753
Interest Expense	-3,337	-3,322	-3,541	-3,490	-3,001	-2,424
Interest Income	1,597	1,621	1,393	762.97	424.29	707.04
Net Interest Expense	-1,740	-1,701	-2,148	-2,727	-2,576	-1,717
Currency Exchange Gain (Loss)	221.34	-192.58	-20.62	-311	-202.25	165.38
Other Non-Operating Income (Expenses)	-20.74	-48.75	-64.69	-155.96	-127.19	-145.74
EBT Excluding Unusual Items	5,896	5,130	4,387	2,313	-380.98	3,056
Gain (Loss) on Sale of Investments	2.46	2.46	14.93	1.5	1.17	-1.05
Gain (Loss) on Sale of Assets	58.15	-10.36	27.57	90.98	1.44	1.34
Asset Writedown	-121.09	-121.09	-113.06	-	-704.23	-572.77
Insurance Settlements	31.2	21.24	1.07	8.95	0.62	0.07
Other Unusual Items	201.58	174.05	86.09	143.26	128.53	20.18
Pretax Income	6,069	5,196	4,404	2,557	-953.45	2,504
Income Tax Expense	1,139	1,033	835.59	951.56	583.78	591.44
Earnings From Continuing Ops.	4,930	4,163	3,568	1,606	-1,537	1,913
Minority Interest in Earnings	-2,302	-2,117	-1,975	-1,272	-298.57	-1,022
Net Income	2,628	2,046	1,593	334.2	-1,836	890.28
Preferred Dividends & Other Adjustments	461.07	307.38	-	-	130.24	130.24
Net Income to Common	2,167	1,739	1,593	334.2	-1,966	760.04
Net Income Growth	24.02%	28.46%	376.56%	-	-	-7.49%
Shares Outstanding (Basic)	2,632	2,817	3,215	4,559	2,803	2,617
Shares Outstanding (Diluted)	2,632	2,817	3,215	4,559	2,803	2,617
Shares Change (YoY)	-18.50%	-12.38%	-29.49%	62.66%	7.10%	-1.85%
EPS (Basic)	0.82	0.62	0.50	0.07	-0.70	0.29
EPS (Diluted)	0.82	0.62	0.50	0.07	-0.70	0.29
EPS Growth	25.47%	24.59%	575.85%	-	-	-19.53%
Free Cash Flow	-4,165	-5,067	-660.81	3,422	-9,976	-7,244
Free Cash Flow Per Share	-1.58	-1.80	-0.21	0.75	-3.56	-2.77
Dividend Per Share	0.280	0.280	0.200	0.035	-	0.110
Dividend Growth	40.00%	40.00%	471.43%	-	-	-15.38%
Profit Margin	5.03%	4.07%	3.76%	0.85%	-6.38%	3.14%
Free Cash Flow Margin	-9.67%	-11.86%	-1.56%	8.72%	-32.35%	-29.91%
EBITDA	14,880	13,874	13,082	11,219	7,288	8,934
EBITDA Margin	34.53%	32.46%	30.85%	28.59%	23.63%	36.89%
D&A For EBITDA	7,445	6,802	6,462	5,713	4,763	4,181
EBIT	7,436	7,072	6,620	5,507	2,525	4,753
EBIT Margin	17.26%	16.55%	15.61%	14.03%	8.19%	19.63%
Effective Tax Rate	18.77%	19.88%	18.98%	37.21%	-	23.62%
Revenue as Reported	353.59	-	-	39,249	30,836	24,218

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.