SPIC Hydropower Co., Ltd. (SHA:600292)

China · Delayed Price · Currency is CNY

11.93

-0.14 (-1.16%)

Sep 14, 2026, 3:00 PM CST

SPIC Hydropower Financials Overview

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

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	14,222	12,152	14,450	4,252	4,137	4,443
Revenue Growth	-13.54%	-15.90%	239.88%	2.78%	-6.89%	20.78%
Net Income	1,600	532.21	807.22	54.01	-28.12	55.51
Earnings Per Share	0.31	0.12	0.18	0.07	-0.04	0.07
EPS Growth	92.30%	-33.33%	157.14%	-	-	133.33%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Other	2,007
Environmental Engineering and Services	1,495
Offset of Business Segment	-1,084
franchising	2,188
Electrical Power Sales	7,545
Total	12,152

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	2,050	814.19	1,465	712.24	600.69	440.52
Total Debt	33,127	28,666	47,159	1,681	2,182	2,081
Net Cash (Debt)	-31,077	-27,852	-45,693	-968.83	-1,581	-1,640
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.94	-6.28	-10.19	-1.26	-2.25	-2.07

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	5,816	4,905	5,713	586.06	291.91	540.39
Capital Expenditures	-4,468	-4,314	-5,383	-185.94	-112.48	-199.8
Free Cash Flow	1,349	590.48	330.38	400.12	179.43	340.59
Free Cash Flow Growth	656.42%	78.73%	-17.43%	122.99%	-47.32%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Pretax Margin	18.59%	14.32%	13.68%	2.25%	0.49%	2.45%
Profit Margin	11.25%	4.38%	5.59%	1.27%	-0.68%	1.25%
FCF Margin	9.48%	4.86%	2.29%	9.41%	4.34%	7.67%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 14, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.061	0.061	-	0.028	-	0.021
Dividend Per Share Growth	0%	-	-	-	-	90.91%
Dividend Yield	0.51%	0.47%	-	0.47%	-	0.25%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 14, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	39.48	107.40	12.57	87.75	-	120.12
Forward PE	-	27.02	27.02	27.02	27.02	27.02
P/FCF Ratio	39.20	96.81	30.70	11.85	24.37	19.58
PS Ratio	3.72	4.70	0.70	1.12	1.06	1.50