Huaneng Lancang River Hydropower Inc. (SHA: 600025)

Huaneng Lancang River Hydropower 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	24,684	23,405	23,472	20,172	19,220	20,764
Other Revenue	56.48	56.48	109.36	29.14	33.84	37.02
Revenue	24,741	23,461	23,581	20,202	19,253	20,801
Revenue Growth (YoY)	7.34%	-0.51%	16.73%	4.93%	-7.44%	34.06%
Operations & Maintenance	0.88	0.88	3.5	0.98	2.97	3.72
Selling, General & Admin	646.3	600.32	557.98	414.03	341.47	371.63
Provision for Bad Debts	12.27	11.89	-41.19	11.74	12.26	5.32
Other Operating Expenses	11,312	10,660	10,867	9,533	9,325	9,446
Total Operating Expenses	12,146	11,460	11,572	10,091	9,725	9,842
Operating Income	12,595	12,001	12,009	10,111	9,529	10,959
Interest Expense	-2,737	-2,780	-3,266	-3,370	-3,838	-4,499
Interest Income	418.04	325.04	301.27	356.95	315.21	250.33
Net Interest Expense	-2,319	-2,455	-2,964	-3,014	-3,523	-4,249
Currency Exchange Gain (Loss)	8.76	8.76	50.06	-20.1	-44.9	16.28
Other Non-Operating Income (Expenses)	-7.08	-22.53	18.93	-1.85	-227.13	-17.52
EBT Excluding Unusual Items	10,277	9,532	9,114	7,075	5,733	6,710
Gain (Loss) on Sale of Investments	-15.5	-50.09	-8.06	102.67	-13.43	173.07
Gain (Loss) on Sale of Assets	0.33	2.76	6.17	-4.56	-0.19	3.77
Asset Writedown	-58.32	-58.32	-	-	-62.34	-
Legal Settlements	-1.41	-1.41	-2.28	-2.76	-4.15	-4.53
Other Unusual Items	-5.49	-5.49	3.5	-37.15	-	-611.54
Pretax Income	10,197	9,420	9,113	7,134	5,653	6,270
Income Tax Expense	1,425	1,177	1,151	852.92	370.09	333.9
Earnings From Continuing Ops.	8,772	8,243	7,963	6,281	5,283	5,937
Minority Interest in Earnings	-611.72	-605.08	-728.17	-443.14	-448.68	-391.95
Net Income	8,160	7,638	7,234	5,838	4,835	5,545
Net Income to Common	8,160	7,638	7,234	5,838	4,835	5,545
Net Income Growth	7.84%	5.58%	23.93%	20.75%	-12.80%	-4.45%
Shares Outstanding (Basic)	18,991	19,095	19,552	18,242	17,906	17,886
Shares Outstanding (Diluted)	18,991	19,095	19,552	18,242	17,906	17,886
Shares Change (YoY)	-2.29%	-2.34%	7.18%	1.88%	0.11%	-1.37%
EPS (Basic)	0.43	0.40	0.37	0.32	0.27	0.31
EPS (Diluted)	0.43	0.40	0.37	0.32	0.27	0.31
EPS Growth	10.37%	8.11%	15.63%	18.52%	-12.90%	-3.13%
Free Cash Flow	362.34	-1,066	7,961	10,474	10,300	11,863
Free Cash Flow Per Share	0.02	-0.06	0.41	0.57	0.58	0.66
Dividend Per Share	0.180	0.180	0.175	0.170	0.160	0.152
Dividend Growth	2.86%	2.86%	2.94%	6.25%	5.11%	1.33%
Profit Margin	32.98%	32.56%	30.68%	28.90%	25.11%	26.66%
Free Cash Flow Margin	1.46%	-4.55%	33.76%	51.85%	53.50%	57.03%
EBITDA	18,223	17,823	18,088	15,843	15,512	16,890
EBITDA Margin	73.66%	75.97%	76.71%	78.43%	80.57%	81.20%
D&A For EBITDA	5,628	5,821	6,079	5,733	5,983	5,930
EBIT	12,595	12,001	12,009	10,111	9,529	10,959
EBIT Margin	50.91%	51.15%	50.93%	50.05%	49.49%	52.69%
Effective Tax Rate	13.98%	12.49%	12.63%	11.96%	6.55%	5.33%
Revenue as Reported	24,741	23,461	23,581	20,202	19,253	20,801

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