Zhejiang Zheneng Electric Power Co., Ltd. (SHA: 600023)

Zhejiang Zheneng 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	83,429	86,639	71,606	58,827	43,344	45,245
Other Revenue	9,336	9,336	8,589	12,249	8,341	9,125
Revenue	92,765	95,975	80,195	71,076	51,684	54,371
Revenue Growth (YoY)	4.44%	19.68%	12.83%	37.52%	-4.94%	-4.00%
Selling, General & Admin	2,486	2,249	1,649	1,575	1,432	1,476
Provision for Bad Debts	21.38	156.72	25.92	2.52	20.85	18.43
Other Operating Expenses	83,343	87,537	83,831	73,037	44,590	48,044
Total Operating Expenses	86,395	90,479	85,767	75,004	46,329	49,721
Operating Income	6,370	5,497	-5,573	-3,928	5,355	4,649
Interest Expense	-1,428	-1,550	-1,399	-1,159	-1,150	-1,314
Interest Income	4,806	4,917	3,442	1,780	3,374	2,368
Net Interest Expense	3,379	3,367	2,043	621.87	2,224	1,053
Currency Exchange Gain (Loss)	32.42	32.42	-11.75	3.46	-8.23	5.79
Other Non-Operating Income (Expenses)	-384.66	-142.19	-14.26	67.52	-7.4	-5.58
EBT Excluding Unusual Items	9,396	8,754	-3,555	-3,235	7,563	5,703
Impairment of Goodwill	-124.4	-124.4	-	-	-	-
Gain (Loss) on Sale of Investments	-22.39	-67.17	-1.06	-0.79	0.01	20.35
Gain (Loss) on Sale of Assets	535.28	321.24	27.33	89.12	4.75	9.79
Asset Writedown	-407.99	-168.45	-3.15	0.04	-4.59	-165.27
Insurance Settlements	-	-	-	0.46	32.39	17.45
Other Unusual Items	391.83	391.83	433.72	344.77	224.81	192.34
Pretax Income	9,769	9,107	-3,098	-2,802	7,821	5,777
Income Tax Expense	1,052	1,204	505.24	-821.58	1,147	870.29
Earnings From Continuing Ops.	8,717	7,903	-3,604	-1,980	6,673	4,907
Minority Interest in Earnings	-1,460	-1,383	1,777	1,143	-587.13	-613.9
Net Income	7,257	6,520	-1,827	-836.73	6,086	4,293
Net Income to Common	7,257	6,520	-1,827	-836.73	6,086	4,293
Net Income Growth	97.07%	-	-	-	41.76%	6.38%
Shares Outstanding (Basic)	13,193	13,306	13,051	13,946	13,525	13,416
Shares Outstanding (Diluted)	13,193	13,306	13,051	13,946	13,525	13,416
Shares Change (YoY)	10.87%	1.95%	-6.41%	3.11%	0.81%	-0.27%
EPS (Basic)	0.55	0.49	-0.14	-0.06	0.45	0.32
EPS (Diluted)	0.55	0.49	-0.14	-0.06	0.45	0.32
EPS Growth	77.74%	-	-	-	40.63%	6.67%
Free Cash Flow	6,063	2,447	-5,413	-3,866	6,926	7,275
Free Cash Flow Per Share	0.46	0.18	-0.41	-0.28	0.51	0.54
Dividend Per Share	0.250	0.250	-	-	0.225	0.200
Dividend Growth	-	-	-	-	12.50%	11.11%
Profit Margin	7.82%	6.79%	-2.28%	-1.18%	11.78%	7.90%
Free Cash Flow Margin	6.54%	2.55%	-6.75%	-5.44%	13.40%	13.38%
EBITDA	12,701	11,547	103.41	1,781	10,985	10,349
EBITDA Margin	13.69%	12.03%	0.13%	2.51%	21.25%	19.03%
D&A For EBITDA	6,331	6,050	5,676	5,709	5,630	5,699
EBIT	6,370	5,497	-5,573	-3,928	5,355	4,649
EBIT Margin	6.87%	5.73%	-6.95%	-5.53%	10.36%	8.55%
Effective Tax Rate	10.77%	13.22%	-	-	14.67%	15.06%
Revenue as Reported	92,765	95,975	80,195	71,076	51,684	54,371

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