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

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	4,646	4,876	4,961	4,523	4,598	3,235
Revenue Growth	-3.62%	-1.72%	9.68%	-1.62%	42.14%	37.86%
Net Income Net Income Growth	370.19	505.93	566.5	627.15	775.84	689.25
Earnings Per Share EPS Growth	0.15	0.21	0.24	0.27	0.37	0.35
EPS Growth	-10.16%	-10.70%	-13.73%	-26.78%	7.87%	128.10%

Revenue by Segment

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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

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	2,261	2,591	1,879	2,423	2,409	3,835
Total Debt Total Debt Growth	32,894	35,739	35,779	31,320	29,819	24,349
Net Cash (Debt) Net Cash Growth	-30,633	-33,149	-33,899	-28,897	-27,409	-20,513
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-12.73	-13.79	-14.10	-12.58	-13.18	-10.29

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	4,723	4,500	2,824	2,460	2,911	1,159
Capital Expenditures CapEx Growth	-1,521	-2,685	-1,602	-4,227	-3,299	-2,832
Free Cash Flow Free Cash Flow Growth	3,202	1,816	1,222	-1,767	-388.65	-1,673
Free Cash Flow Growth	798.10%	48.62%	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Pretax Margin	15.36%	18.68%	20.17%	24.51%	28.24%	34.97%
Profit Margin	7.97%	10.38%	11.42%	13.87%	16.87%	21.31%
FCF Margin	68.90%	37.23%	24.62%	-39.06%	-8.45%	-51.70%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.064	0.064	0.071	0.070	0.080	0.045
Dividend Per Share Growth	-9.86%	-9.86%	1.43%	-12.50%	77.78%	-
Dividend Yield	0.94%	0.87%	0.97%	0.89%	0.72%	0.30%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	43.99	35.22	31.41	30.90	30.80	46.66
Forward PE	-	17.18	16.44	23.03	-	-
P/FCF Ratio	5.08	9.81	14.57	-	-	-
PS Ratio	3.50	3.65	3.59	4.29	5.20	9.94

Data Source: S&P Global Market Intelligence Last updated: Jun 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:

Sep 3, 2026

Data Sources Report a data error