Beijing Jingneng Power Co., Ltd. (SHA: 600578)

Beijing Jingneng Power 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	Jan 1, 2020
Operating Revenue	33,978	32,622	30,221	21,942	19,860	18,229
Other Revenue	256.15	256.15	264	298.28	237.69	220.15
Revenue	34,234	32,878	30,485	22,240	20,097	18,449
Revenue Growth (YoY)	6.83%	7.85%	37.07%	10.66%	8.94%	27.20%
Operations & Maintenance	-	-	-	-	4.63	2.68
Selling, General & Admin	1,017	1,036	943.71	836.14	728.82	832.76
Provision for Bad Debts	-32.85	6.08	108.62	0.9	-	1.13
Other Operating Expenses	30,501	29,899	27,836	24,200	16,737	15,487
Total Operating Expenses	31,638	31,037	28,925	25,093	17,527	16,368
Operating Income	2,596	1,840	1,560	-2,853	2,570	2,081
Interest Expense	-1,293	-1,350	-1,590	-1,617	-1,494	-1,432
Interest Income	1,147	1,150	1,202	83.84	1,237	1,402
Net Interest Expense	-145.97	-200.93	-387.41	-1,533	-256.95	-29.87
Other Non-Operating Income (Expenses)	0.33	-11.89	-18.04	414.39	-185.44	-176.9
EBT Excluding Unusual Items	2,479	1,628	1,155	-3,971	2,128	1,874
Impairment of Goodwill	-	-	-	-	-254.61	-101.55
Gain (Loss) on Sale of Assets	0.6	0.21	-23.7	109.2	-3.46	-8.96
Asset Writedown	-518.23	-518.23	-64.51	-	-	-17.89
Insurance Settlements	-	-	-	1.48	-	-
Legal Settlements	-	-	-95.73	-	-	-
Other Unusual Items	191.6	151.68	82.33	-0.42	-2.57	-7.62
Pretax Income	2,153	1,261	1,053	-3,861	1,867	1,738
Income Tax Expense	161.26	175.94	124.68	16.56	106.62	65.44
Earnings From Continuing Ops.	1,992	1,085	928.22	-3,878	1,761	1,673
Net Income to Company	1,992	1,085	928.22	-3,878	1,761	1,673
Minority Interest in Earnings	-527.08	-207.1	-124.74	761.14	-364.53	-301.22
Net Income	1,465	878.25	803.48	-3,116	1,396	1,372
Net Income to Common	1,465	878.25	803.48	-3,116	1,396	1,372
Net Income Growth	71.33%	9.31%	-	-	1.80%	55.83%
Shares Outstanding (Basic)	7,356	7,984	6,696	6,631	6,981	6,858
Shares Outstanding (Diluted)	7,356	7,984	6,696	6,631	6,981	6,858
Shares Change (YoY)	-3.37%	19.24%	0.98%	-5.02%	1.80%	1.29%
EPS (Basic)	0.20	0.11	0.12	-0.47	0.20	0.20
EPS (Diluted)	0.20	0.11	0.12	-0.47	0.20	0.20
EPS Growth	77.31%	-8.33%	-	-	0%	53.85%
Free Cash Flow	1,204	-2,142	1,598	-4,239	-227.65	-2,283
Free Cash Flow Per Share	0.16	-0.27	0.24	-0.64	-0.03	-0.33
Dividend Per Share	0.105	0.105	0.120	-	0.120	0.120
Dividend Growth	-12.50%	-12.50%	-	-	0%	50.00%
Profit Margin	4.28%	2.67%	2.64%	-14.01%	6.95%	7.43%
Free Cash Flow Margin	3.52%	-6.51%	5.24%	-19.06%	-1.13%	-12.38%
EBITDA	5,998	5,187	4,832	70.36	5,571	4,835
EBITDA Margin	17.52%	15.78%	15.85%	0.32%	27.72%	26.21%
D&A For EBITDA	3,402	3,347	3,273	2,923	3,000	2,754
EBIT	2,596	1,840	1,560	-2,853	2,570	2,081
EBIT Margin	7.58%	5.60%	5.12%	-12.83%	12.79%	11.28%
Effective Tax Rate	7.49%	13.95%	11.84%	-	5.71%	3.76%
Revenue as Reported	34,234	32,878	30,485	22,240	20,097	18,449

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