Jiangsu New Energy Development Co., Ltd. (SHA:603693)

SHA:603693 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	2,007	2,099	1,934	1,970	1,858	1,545
Other Revenue	-	-	11.56	0.97	0.68	1.72
Revenue	2,007	2,099	1,946	1,971	1,859	1,547
Revenue Growth (YoY)	-2.49%	7.88%	-1.28%	6.04%	20.18%	4.20%
Selling, General & Admin	140.16	140.55	136.72	144.65	108.1	81.43
Provision for Bad Debts	-	-	76.63	15.47	38.32	-43.93
Other Operating Expenses	972.58	965.17	942.92	943.83	904.03	890.34
Total Operating Expenses	1,115	1,108	1,156	1,104	1,053	928.36
Operating Income	891.64	991.22	789.37	866.69	806.2	618.36
Interest Expense	-	-	-262.51	-310.22	-160.12	-122.48
Interest Income	-	-	15.88	16.2	27.21	16.66
Net Interest Expense	-	-	-246.64	-294.03	-132.91	-105.82
Income (Loss) on Equity Investments	80.83	106.51	103.81	112.75	-	-
Currency Exchange Gain (Loss)	-	-	0.27	1.34	0.48	1.79
Other Non-Operating Income (Expenses)	-483.32	-470.36	-0.99	-0.79	-0.09	-6.62
EBT Excluding Unusual Items	489.15	627.37	645.83	685.96	673.68	507.71
Gain (Loss) on Sale of Investments	0.59	-	-0.2	-	-	0.49
Gain (Loss) on Sale of Assets	34.55	34.55	0.14	-0.26	0.32	0.59
Asset Writedown	-21.72	-21.72	-	-	-217.7	-287.87
Other Unusual Items	-	-	17.87	9.4	5.35	2.17
Pretax Income	502.58	640.2	663.63	695.1	461.64	223.09
Income Tax Expense	122.21	142.64	117.37	111.33	94.98	52.06
Earnings From Continuing Ops.	380.37	497.56	546.26	583.77	366.67	171.03
Minority Interest in Earnings	-50.27	-80.68	-73.89	-107.75	-57.99	-17.32
Net Income	330.1	416.88	472.37	476.02	308.68	153.72
Net Income to Common	330.1	416.88	472.37	476.02	308.68	153.72
Net Income Growth	-39.59%	-11.75%	-0.77%	54.21%	100.81%	-39.47%
Shares Outstanding (Basic)	891	887	891	898	812	799
Shares Outstanding (Diluted)	891	887	891	898	812	799
Shares Change (YoY)	-0.41%	-0.48%	-0.77%	10.57%	1.62%	-0.72%
EPS (Basic)	0.37	0.47	0.53	0.53	0.38	0.19
EPS (Diluted)	0.37	0.47	0.53	0.53	0.38	0.19
EPS Growth	-39.34%	-11.32%	-	39.47%	97.61%	-39.03%
Free Cash Flow	-105.32	112.14	103.71	756.17	-880.84	-798.43
Free Cash Flow Per Share	-0.12	0.13	0.12	0.84	-1.08	-1.00
Dividend Per Share	-	-	0.150	0.150	0.077	0.115
Dividend Growth	-	-	-	95.06%	-33.36%	-
Profit Margin	16.45%	19.86%	24.28%	24.15%	16.61%	9.94%
Free Cash Flow Margin	-5.25%	5.34%	5.33%	38.36%	-47.38%	-51.62%
EBITDA	1,576	1,667	1,429	1,502	1,196	993.9
EBITDA Margin	78.53%	79.40%	73.45%	76.18%	64.34%	64.26%
D&A For EBITDA	684.3	675.4	639.81	634.95	389.76	375.53
EBIT	891.64	991.22	789.37	866.69	806.2	618.36
EBIT Margin	44.43%	47.22%	40.57%	43.97%	43.37%	39.98%
Effective Tax Rate	24.32%	22.28%	17.69%	16.02%	20.57%	23.33%
Revenue as Reported	-	-	1,946	1,971	1,859	1,547

Source: S&P Global Market Intelligence. Utility template. Financial Sources.