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

SHA:600032 Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Revenue & Profits

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	4,626	4,876	4,961	4,523	4,598	3,235
Revenue Growth	-5.60%	-1.72%	9.68%	-1.62%	42.14%	37.86%
Net Income Net Income Growth	303.47	505.93	566.5	627.15	775.84	689.25
Earnings Per Share EPS Growth	0.13	0.21	0.24	0.27	0.37	0.35
EPS Growth	-43.38%	-10.70%	-13.73%	-26.78%	7.87%	128.10%

Revenue by Segment

Chart

Fiscal Year	FY 2025	FY 2024
Period Ending	Dec 31, 2025	Dec 31, 2024
Hydropower Hydropower Growth	987.51	1,074
Photovoltaic Photovoltaic Growth	1,843	1,751
Wind Power Business Wind Power Business Growth	1,986	2,063
Other Operations Other Operations Growth	7.38	12.64
Unallocated Other Business Unallocated Other Business Growth	52.89	61.02
Total Total Growth	4,876	4,961

Cash & Debt

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	2,619	2,591	1,879	2,423	2,409	3,835
Total Debt Total Debt Growth	32,465	35,739	35,779	31,320	29,819	24,349
Net Cash (Debt) Net Cash Growth	-29,846	-33,149	-33,899	-28,897	-27,409	-20,513
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-12.41	-13.79	-14.10	-12.58	-13.18	-10.29

Cash Flow & CapEx

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	3,904	4,500	2,824	2,460	2,911	1,159
Capital Expenditures CapEx Growth	-1,618	-2,685	-1,602	-4,227	-3,299	-2,832
Free Cash Flow Free Cash Flow Growth	2,286	1,816	1,222	-1,767	-388.65	-1,673
Free Cash Flow Growth	41.01%	48.62%	-	-	-	-

Margins

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Pretax Margin	11.62%	18.68%	20.17%	24.51%	28.24%	34.97%
Profit Margin	6.56%	10.38%	11.42%	13.87%	16.87%	21.31%
FCF Margin	49.42%	37.23%	24.62%	-39.06%	-8.45%	-51.70%

Dividends

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.047	0.064	0.071	0.070	0.080	0.045
Dividend Per Share Growth	-9.62%	-9.86%	1.43%	-12.50%	77.78%	-
Dividend Yield	0.68%	0.86%	0.96%	0.87%	0.70%	0.29%

Valuation

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	54.91	35.22	31.41	30.90	30.80	46.66
Forward PE	-	17.18	16.44	23.03	-	-
P/FCF Ratio	7.16	9.81	14.57	-	-	-
PS Ratio	3.54	3.65	3.59	4.29	5.20	9.94

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

Data Sources Report a data error