Zhejiang Provincial New Energy Investment Group Co., Ltd. (SHA: 600032)

Zhejiang Provincial New Energy Investment Group 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,916	4,439	4,520	3,210	2,282	2,056
Other Revenue	-32.98	84.82	78.44	24.82	64.2	46.31
Revenue	4,883	4,523	4,598	3,235	2,347	2,102
Revenue Growth (YoY)	12.87%	-1.62%	42.14%	37.86%	11.61%	68.10%
Selling, General & Admin	273.02	259.39	241.6	177.12	142.99	159.61
Provision for Bad Debts	-133.81	171.62	150.46	154.55	94.17	32.51
Other Operating Expenses	2,458	2,267	2,169	1,336	1,112	833.79
Total Operating Expenses	2,608	2,709	2,582	1,688	1,354	1,026
Operating Income	2,275	1,814	2,016	1,547	992.56	1,076
Interest Expense	526.87	-1,014	-1,188	-713.19	-583.7	-422.69
Interest Income	302.53	319.15	453.92	213.75	191.22	138.22
Net Interest Expense	829.4	-694.88	-733.84	-499.45	-392.48	-284.47
Other Non-Operating Income (Expenses)	-1,790	-1.74	2.37	10.45	3.31	2.81
EBT Excluding Unusual Items	1,314	1,118	1,284	1,058	603.39	794.8
Impairment of Goodwill	-	-9.54	-20.75	-4.31	-1.47	-9.81
Gain (Loss) on Sale of Investments	-5.8	-5.8	6.62	5.67	0.94	-
Gain (Loss) on Sale of Assets	0.39	1.51	-0.15	-0	0.04	0.72
Asset Writedown	-9.54	-0.03	-0.03	0.83	-0.6	-
Other Unusual Items	-3.74	5.04	28.46	70.99	6.38	3.78
Pretax Income	1,295	1,109	1,299	1,131	608.68	789.5
Income Tax Expense	185.04	131.01	148.28	116.2	83.83	155.83
Earnings From Continuing Ops.	1,110	977.81	1,150	1,015	524.85	633.67
Minority Interest in Earnings	-334.57	-350.66	-374.52	-325.85	-241.13	-226.16
Net Income	775.77	627.15	775.84	689.25	283.72	407.51
Net Income to Common	775.77	627.15	775.84	689.25	283.72	407.51
Net Income Growth	103.95%	-19.16%	12.56%	142.93%	-30.38%	170.74%
Shares Outstanding (Basic)	2,404	2,296	2,080	1,993	1,872	1,872
Shares Outstanding (Diluted)	2,404	2,296	2,080	1,993	1,872	1,872
Shares Change (YoY)	12.65%	10.41%	4.35%	6.50%	-0.02%	139.99%
EPS (Basic)	0.32	0.27	0.37	0.35	0.15	0.22
EPS (Diluted)	0.32	0.27	0.37	0.35	0.15	0.22
EPS Growth	81.05%	-26.78%	7.87%	128.10%	-30.36%	12.82%
Free Cash Flow	-399.53	-1,767	-388.65	-1,673	-3,518	-1,932
Free Cash Flow Per Share	-0.17	-0.77	-0.19	-0.84	-1.88	-1.03
Dividend Per Share	0.070	0.070	0.080	0.045	-	-
Dividend Growth	-12.50%	-12.50%	77.78%	-	-	-
Profit Margin	15.89%	13.86%	16.87%	21.31%	12.09%	19.38%
Free Cash Flow Margin	-8.18%	-39.06%	-8.45%	-51.71%	-149.93%	-91.88%
EBITDA	4,123	3,519	3,654	2,521	1,807	1,656
EBITDA Margin	84.44%	77.80%	79.47%	77.93%	77.02%	78.77%
D&A For EBITDA	1,848	1,705	1,638	973.99	814.75	579.57
EBIT	2,275	1,814	2,016	1,547	992.56	1,076
EBIT Margin	46.59%	40.11%	43.84%	47.83%	42.30%	51.20%
Effective Tax Rate	14.28%	11.82%	11.42%	10.27%	13.77%	19.74%
Revenue as Reported	-	4,523	4,598	3,235	2,347	-

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