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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,861	4,439	4,520	3,210	2,282	2,056
Other Revenue	84.82	84.82	78.44	24.82	64.2	46.31
Revenue	4,945	4,523	4,598	3,235	2,347	2,102
Revenue Growth (YoY)	11.05%	-1.62%	42.14%	37.86%	11.61%	68.10%
Selling, General & Admin	284.09	259.39	241.6	177.12	142.99	159.61
Provision for Bad Debts	220.7	171.62	150.46	154.55	94.17	32.51
Other Operating Expenses	2,601	2,267	2,169	1,336	1,112	833.79
Total Operating Expenses	3,119	2,709	2,582	1,688	1,354	1,026
Operating Income	1,827	1,814	2,016	1,547	992.56	1,076
Interest Expense	-993.4	-1,014	-1,188	-713.19	-583.7	-422.69
Interest Income	350.07	319.15	453.92	213.75	191.22	138.22
Net Interest Expense	-643.33	-694.88	-733.84	-499.45	-392.48	-284.47
Other Non-Operating Income (Expenses)	3.05	-1.74	2.37	10.45	3.31	2.81
EBT Excluding Unusual Items	1,186	1,118	1,284	1,058	603.39	794.8
Impairment of Goodwill	-9.54	-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	0.41	1.51	-0.15	-0	0.04	0.72
Asset Writedown	-0.02	-0.03	-0.03	0.83	-0.6	-
Other Unusual Items	5.04	5.04	28.46	70.99	6.38	3.78
Pretax Income	1,176	1,109	1,299	1,131	608.68	789.5
Income Tax Expense	151.06	131.01	148.28	116.2	83.83	155.83
Earnings From Continuing Ops.	1,025	977.81	1,150	1,015	524.85	633.67
Minority Interest in Earnings	-309.81	-350.66	-374.52	-325.85	-241.13	-226.16
Net Income	715.61	627.15	775.84	689.25	283.72	407.51
Net Income to Common	715.61	627.15	775.84	689.25	283.72	407.51
Net Income Growth	52.20%	-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)	8.52%	10.41%	4.35%	6.50%	-0.02%	139.99%
EPS (Basic)	0.30	0.27	0.37	0.35	0.15	0.22
EPS (Diluted)	0.30	0.27	0.37	0.35	0.15	0.22
EPS Growth	40.25%	-26.78%	7.87%	128.10%	-30.36%	12.82%
Free Cash Flow	330.58	-1,767	-388.65	-1,673	-3,518	-1,932
Free Cash Flow Per Share	0.14	-0.77	-0.19	-0.84	-1.88	-1.03
Dividend Per Share	0.126	0.070	0.080	0.045	-	-
Dividend Growth	57.50%	-12.50%	77.78%	-	-	-
Profit Margin	14.47%	13.86%	16.87%	21.31%	12.09%	19.38%
Free Cash Flow Margin	6.68%	-39.06%	-8.45%	-51.71%	-149.93%	-91.88%
EBITDA	3,582	3,519	3,654	2,521	1,807	1,656
EBITDA Margin	72.44%	77.80%	79.47%	77.93%	77.02%	78.77%
D&A For EBITDA	1,756	1,705	1,638	973.99	814.75	579.57
EBIT	1,827	1,814	2,016	1,547	992.56	1,076
EBIT Margin	36.94%	40.11%	43.84%	47.83%	42.30%	51.20%
Effective Tax Rate	12.84%	11.82%	11.42%	10.27%	13.77%	19.74%
Revenue as Reported	4,945	4,523	4,598	3,235	2,347	-

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