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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	17,955	18,670	18,653	18,648	10,372	10,552
Other Revenue	102.89	174.08	223.16	272.08	298.55	276.26
Revenue	18,057	18,844	18,877	18,920	10,671	10,828
Revenue Growth (YoY)	-8.18%	-0.17%	-0.23%	77.30%	-1.45%	10.42%
Operations & Maintenance	0.01	0.08	0.49	1.93	2.61	0.43
Selling, General & Admin	358.27	375.59	410.5	389.19	75.55	68.75
Provision for Bad Debts	7.82	7.66	17.32	18.96	8.97	10.42
Other Operating Expenses	15,139	16,113	15,750	14,908	10,919	10,377
Total Operating Expenses	15,512	16,506	16,191	15,331	11,016	10,467
Operating Income	2,545	2,338	2,686	3,589	-345.23	361.11
Interest Expense	-315.18	-733.31	-1,041	-1,008	-844.1	-886.64
Interest Income	-5.36	21.43	285.82	28.5	38.94	511.28
Net Interest Expense	-320.55	-711.88	-755.04	-979.57	-805.16	-375.36
Other Non-Operating Income (Expenses)	-321.4	-9.19	-44.57	-31.22	7.85	-19.47
EBT Excluding Unusual Items	1,910	1,617	1,886	2,578	-1,143	-33.72
Impairment of Goodwill	-	-	-30.85	-	-	-
Gain (Loss) on Sale of Investments	-2.94	-6.5	0.19	-383.7	3.89	4.44
Gain (Loss) on Sale of Assets	213.8	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	265.23	269.91	114.18	43.95	-	44.09
Pretax Income	2,370	2,053	1,619	2,223	-1,139	124
Income Tax Expense	900.65	1,008	1,225	1,401	29.57	44.73
Earnings From Continuing Ops.	1,469	1,045	393.85	821.9	-1,169	79.27
Minority Interest in Earnings	-1,049	-1,136	-1,410	-1,746	62.43	-3.71
Net Income	420.36	-90.98	-1,016	-923.9	-1,107	75.56
Net Income to Common	420.36	-90.98	-1,016	-923.9	-1,107	75.56
Shares Outstanding (Basic)	7,293	9,098	1,953	1,966	1,976	1,889
Shares Outstanding (Diluted)	7,293	9,098	1,953	1,966	1,976	1,889
Shares Change (YoY)	-7.77%	365.81%	-0.64%	-0.52%	4.61%	-3.30%
EPS (Basic)	0.06	-0.01	-0.52	-0.47	-0.56	0.04
EPS (Diluted)	0.06	-0.01	-0.52	-0.47	-0.56	0.04
Free Cash Flow	2,235	2,586	2,516	3,562	829.97	443.87
Free Cash Flow Per Share	0.31	0.28	1.29	1.81	0.42	0.23
Profit Margin	2.33%	-0.48%	-5.38%	-4.88%	-10.37%	0.70%
Free Cash Flow Margin	12.38%	13.72%	13.33%	18.83%	7.78%	4.10%
EBITDA	4,426	4,227	4,625	5,448	1,180	1,898
EBITDA Margin	24.51%	22.43%	24.50%	28.79%	11.06%	17.52%
D&A For EBITDA	1,881	1,889	1,940	1,859	1,525	1,537
EBIT	2,545	2,338	2,686	3,589	-345.23	361.11
EBIT Margin	14.09%	12.41%	14.23%	18.97%	-3.24%	3.33%
Effective Tax Rate	38.00%	49.11%	75.67%	63.02%	-	36.07%
Revenue as Reported	8,763	18,844	18,877	18,920	10,671	10,828

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