Huaneng Lancang River Hydropower Inc. (SHA:600025)

SHA:600025 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	25,635	24,670	23,405	23,472	20,172	19,220
Other Revenue	211.93	211.93	56.48	109.36	29.14	33.84
Revenue	25,847	24,882	23,461	23,581	20,202	19,253
Revenue Growth (YoY)	9.45%	6.05%	-0.51%	16.73%	4.92%	-7.44%
Operations & Maintenance	0.47	0.47	0.88	3.5	0.98	2.97
Selling, General & Admin	651.18	600.85	600.32	557.98	414.03	341.47
Provision for Bad Debts	10.11	10.13	11.89	-41.19	11.74	12.26
Other Operating Expenses	11,809	11,377	10,660	10,867	9,533	9,325
Total Operating Expenses	12,620	12,139	11,460	11,572	10,091	9,725
Operating Income	13,227	12,742	12,001	12,009	10,111	9,529
Interest Expense	-2,674	-2,704	-2,780	-3,266	-3,370	-3,838
Interest Income	357.36	359.29	325.04	301.27	356.95	315.21
Net Interest Expense	-2,316	-2,345	-2,455	-2,964	-3,014	-3,523
Currency Exchange Gain (Loss)	2.76	2.76	8.76	50.06	-20.1	-44.9
Other Non-Operating Income (Expenses)	-18.82	-24.3	-23.5	18.93	-1.85	-227.13
EBT Excluding Unusual Items	10,894	10,376	9,532	9,114	7,075	5,733
Gain (Loss) on Sale of Investments	10.06	10.06	-50.09	-8.06	102.67	-13.43
Gain (Loss) on Sale of Assets	-1.25	-1.22	2.76	6.17	-4.56	-0.19
Asset Writedown	-1.7	-1.7	-63.46	-	-	-62.34
Legal Settlements	-0.63	-0.63	-1.41	-2.28	-2.76	-4.15
Other Unusual Items	-31.82	-17.72	0.62	3.5	-37.15	-
Pretax Income	10,869	10,365	9,420	9,113	7,134	5,653
Income Tax Expense	1,487	1,453	1,177	1,151	852.92	370.09
Earnings From Continuing Ops.	9,382	8,912	8,243	7,963	6,281	5,283
Minority Interest in Earnings	-642.68	-614.7	-605.08	-728.17	-443.14	-448.68
Net Income	8,740	8,297	7,638	7,234	5,838	4,835
Net Income to Common	8,740	8,297	7,638	7,234	5,838	4,835
Net Income Growth	12.12%	8.63%	5.58%	23.93%	20.75%	-12.80%
Shares Outstanding (Basic)	18,243	18,857	19,095	19,552	18,242	17,906
Shares Outstanding (Diluted)	18,243	18,857	19,095	19,552	18,242	17,906
Shares Change (YoY)	-2.67%	-1.25%	-2.34%	7.18%	1.88%	0.11%
EPS (Basic)	0.48	0.44	0.40	0.37	0.32	0.27
EPS (Diluted)	0.48	0.44	0.40	0.37	0.32	0.27
EPS Growth	15.20%	10.00%	8.11%	15.63%	18.52%	-12.90%
Free Cash Flow	-2,907	-2,827	-1,066	7,961	10,474	10,300
Free Cash Flow Per Share	-0.16	-0.15	-0.06	0.41	0.57	0.57
Dividend Per Share	0.200	0.200	0.180	0.175	0.170	0.160
Dividend Growth	11.11%	11.11%	2.86%	2.94%	6.25%	5.11%
Profit Margin	33.81%	33.35%	32.56%	30.68%	28.90%	25.11%
Free Cash Flow Margin	-11.25%	-11.36%	-4.55%	33.76%	51.85%	53.50%
EBITDA	19,492	18,923	17,844	18,088	15,843	15,512
EBITDA Margin	75.41%	76.05%	76.06%	76.71%	78.43%	80.57%
D&A For EBITDA	6,265	6,180	5,843	6,079	5,733	5,983
EBIT	13,227	12,742	12,001	12,009	10,111	9,529
EBIT Margin	51.18%	51.21%	51.15%	50.93%	50.05%	49.49%
Effective Tax Rate	13.68%	14.02%	12.49%	12.63%	11.96%	6.55%
Revenue as Reported	25,847	24,882	23,461	23,581	20,202	19,253

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Utility template. Financial Sources.