Sichuan Mingxing Electric Power Co., Ltd. (SHA:600101)

SHA:600101 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	2,911	2,832	2,658	2,366	1,914	1,652
Other Revenue	10.45	10.45	7.95	10.83	14.52	16.23
Revenue	2,922	2,842	2,666	2,377	1,928	1,668
Revenue Growth (YoY)	7.72%	6.60%	12.16%	23.29%	15.57%	3.77%
Operations & Maintenance	1.07	1.07	1.28	1.15	1.3	1.25
Selling, General & Admin	100.01	97.23	96.06	80.55	84.44	75.38
Provision for Bad Debts	15.94	15.94	10.61	1.68	2.39	0.17
Other Operating Expenses	2,622	2,551	2,392	2,126	1,734	1,542
Total Operating Expenses	2,749	2,673	2,503	2,209	1,823	1,619
Operating Income	172.71	168.97	163.67	167.63	105.28	49.08
Interest Expense	-2.88	-3.33	-3.34	-3.63	-2.04	-0.51
Interest Income	42.9	44.7	34.5	44.08	44.12	11.36
Net Interest Expense	40.02	41.38	31.16	40.45	42.08	10.85
Income (Loss) on Equity Investments	1.04	-	-	-	-	28.78
Other Non-Operating Income (Expenses)	2.45	2.55	22.4	-26.65	-0.48	-0.77
EBT Excluding Unusual Items	216.22	212.89	217.23	181.42	146.88	87.94
Gain (Loss) on Sale of Assets	-1.48	-1.48	-2.57	-2.58	-3.29	-4.21
Asset Writedown	-0.92	-0.92	-4.65	-	-	-
Other Unusual Items	9.73	9.84	5.58	6.25	7.76	6.11
Pretax Income	223.54	220.33	215.6	185.09	151.35	89.84
Income Tax Expense	11.25	11.02	36.26	26.92	27.24	13.72
Earnings From Continuing Ops.	212.29	209.32	179.34	158.17	124.11	76.12
Minority Interest in Earnings	-	-	-	1.01	-0.84	-6.1
Net Income	212.29	209.32	179.34	159.18	123.28	70.02
Net Income to Common	212.29	209.32	179.34	159.18	123.28	70.02
Net Income Growth	11.03%	16.72%	12.66%	29.13%	76.06%	-29.76%
Shares Outstanding (Basic)	548	548	548	548	548	548
Shares Outstanding (Diluted)	548	548	548	548	548	548
Shares Change (YoY)	-0.03%	-0.02%	-0.00%	0.01%	0.00%	-0.03%
EPS (Basic)	0.39	0.38	0.33	0.29	0.23	0.13
EPS (Diluted)	0.39	0.38	0.33	0.29	0.23	0.13
EPS Growth	11.06%	16.74%	12.67%	29.11%	76.06%	-29.74%
Free Cash Flow	-16.41	52.12	4.74	-6.1	0.49	67.57
Free Cash Flow Per Share	-0.03	0.10	0.01	-0.01	0.00	0.12
Dividend Per Share	0.120	0.120	0.077	0.061	0.061	0.038
Dividend Growth	56.05%	56.05%	25.04%	-	59.74%	-
Profit Margin	7.27%	7.36%	6.73%	6.70%	6.39%	4.20%
Free Cash Flow Margin	-0.56%	1.83%	0.18%	-0.26%	0.03%	4.05%
EBITDA	347.18	341.11	326.48	315.72	268.65	224.73
EBITDA Margin	11.88%	12.00%	12.25%	13.28%	13.93%	13.47%
D&A For EBITDA	174.47	172.14	162.81	148.1	163.37	175.65
EBIT	172.71	168.97	163.67	167.63	105.28	49.08
EBIT Margin	5.91%	5.95%	6.14%	7.05%	5.46%	2.94%
Effective Tax Rate	5.04%	5.00%	16.82%	14.54%	18.00%	15.27%
Revenue as Reported	2,922	2,842	2,666	2,377	1,928	1,668

Updated Jan 17, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.