Huadian Energy Company Limited (SHA: 600726)

Huadian Energy Company 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	Dec 31, 2019
Operating Revenue	18,393	18,670	18,653	18,648	10,372	10,552
Other Revenue	174.08	174.08	223.16	272.08	298.55	276.26
Revenue	18,567	18,844	18,877	18,920	10,671	10,828
Revenue Growth (YoY)	-3.34%	-0.17%	-0.23%	77.30%	-1.45%	10.42%
Operations & Maintenance	0.08	0.08	0.49	1.93	2.61	0.43
Selling, General & Admin	355.21	375.59	410.5	389.19	75.55	68.75
Provision for Bad Debts	7.22	7.66	17.32	18.96	8.97	10.42
Other Operating Expenses	15,660	16,113	15,750	14,908	10,919	10,377
Total Operating Expenses	16,029	16,506	16,191	15,331	11,016	10,467
Operating Income	2,538	2,338	2,686	3,589	-345.23	361.11
Interest Expense	-669.85	-733.31	-1,041	-1,008	-844.1	-886.64
Interest Income	6.41	21.43	285.82	28.5	38.94	511.28
Net Interest Expense	-663.43	-711.88	-755.04	-979.57	-805.16	-375.36
Other Non-Operating Income (Expenses)	-13.19	-9.19	-44.57	-31.22	7.85	-19.47
EBT Excluding Unusual Items	1,867	1,617	1,886	2,578	-1,143	-33.72
Impairment of Goodwill	-	-	-30.85	-	-	-
Gain (Loss) on Sale of Investments	-6.5	-6.5	0.19	-383.7	3.89	4.44
Gain (Loss) on Sale of Assets	112.72	188.4	3.17	-1.03	1.78	109.18
Asset Writedown	-16.38	-15.79	-353.52	-14.64	-	-
Legal Settlements	-	-	-	-	-2.58	-
Other Unusual Items	415.55	269.91	114.18	43.95	-	44.09
Pretax Income	2,372	2,053	1,619	2,223	-1,139	124
Income Tax Expense	861.93	1,008	1,225	1,401	29.57	44.73
Earnings From Continuing Ops.	1,510	1,045	393.85	821.9	-1,169	79.27
Minority Interest in Earnings	-1,084	-1,136	-1,410	-1,746	62.43	-3.71
Net Income	426.36	-90.98	-1,016	-923.9	-1,107	75.56
Net Income to Common	426.36	-90.98	-1,016	-923.9	-1,107	75.56
Shares Outstanding (Basic)	9,913	9,098	1,953	1,966	1,976	1,889
Shares Outstanding (Diluted)	9,913	9,098	1,953	1,966	1,976	1,889
Shares Change (YoY)	86.58%	365.81%	-0.64%	-0.52%	4.61%	-3.30%
EPS (Basic)	0.04	-0.01	-0.52	-0.47	-0.56	0.04
EPS (Diluted)	0.04	-0.01	-0.52	-0.47	-0.56	0.04
Free Cash Flow	2,189	2,586	2,516	3,562	829.97	443.87
Free Cash Flow Per Share	0.22	0.28	1.29	1.81	0.42	0.23
Profit Margin	2.30%	-0.48%	-5.38%	-4.88%	-10.37%	0.70%
Free Cash Flow Margin	11.79%	13.72%	13.33%	18.83%	7.78%	4.10%
EBITDA	4,389	4,227	4,625	5,448	1,180	1,898
EBITDA Margin	23.64%	22.43%	24.50%	28.79%	11.06%	17.52%
D&A For EBITDA	1,851	1,889	1,940	1,859	1,525	1,537
EBIT	2,538	2,338	2,686	3,589	-345.23	361.11
EBIT Margin	13.67%	12.41%	14.23%	18.97%	-3.24%	3.33%
Effective Tax Rate	36.34%	49.11%	75.67%	63.02%	-	36.07%
Revenue as Reported	18,567	18,844	18,877	18,920	10,671	10,828

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