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

Jiangsu New Energy Development 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	2,035	1,934	1,970	1,858	1,545	1,484
Other Revenue	11.56	11.56	0.97	0.68	1.72	0.2
Revenue	2,046	1,946	1,971	1,859	1,547	1,484
Revenue Growth (YoY)	7.04%	-1.28%	6.03%	20.18%	4.20%	0.79%
Selling, General & Admin	132.69	136.72	144.65	108.1	81.43	85.16
Provision for Bad Debts	74.97	76.63	15.47	38.32	-43.93	57.97
Other Operating Expenses	979.23	942.92	943.83	904.03	890.34	879.22
Total Operating Expenses	1,187	1,156	1,104	1,053	928.36	1,032
Operating Income	859.05	789.37	866.69	806.2	618.36	452.28
Interest Expense	-256.05	-262.51	-310.22	-160.12	-122.48	-123.62
Interest Income	12.41	15.88	16.2	27.21	16.66	26.65
Net Interest Expense	-243.64	-246.64	-294.03	-132.91	-105.82	-96.97
Income (Loss) on Equity Investments	99.16	103.81	112.75	-	-	-
Currency Exchange Gain (Loss)	0.27	0.27	1.34	0.48	1.79	-0.56
Other Non-Operating Income (Expenses)	0.31	-0.99	-0.79	-0.09	-6.62	-8.89
EBT Excluding Unusual Items	715.16	645.83	685.96	673.68	507.71	345.85
Gain (Loss) on Sale of Investments	-1.98	-0.2	-	-	0.49	0.52
Gain (Loss) on Sale of Assets	29.33	0.14	-0.26	0.32	0.59	-0.19
Asset Writedown	-2	-	-	-217.7	-287.87	-7.95
Other Unusual Items	17.87	17.87	9.4	5.35	2.17	1.82
Pretax Income	758.39	663.63	695.1	461.64	223.09	340.05
Income Tax Expense	134.05	117.37	111.33	94.98	52.06	42.94
Earnings From Continuing Ops.	624.34	546.26	583.77	366.67	171.03	297.11
Minority Interest in Earnings	-108.18	-73.89	-107.75	-57.99	-17.32	-43.16
Net Income	516.16	472.37	476.02	308.68	153.72	253.95
Net Income to Common	516.16	472.37	476.02	308.68	153.72	253.95
Net Income Growth	8.72%	-0.77%	54.21%	100.81%	-39.47%	-19.29%
Shares Outstanding (Basic)	891	891	898	812	799	805
Shares Outstanding (Diluted)	891	891	898	812	799	805
Shares Change (YoY)	-0.59%	-0.77%	10.57%	1.62%	-0.72%	10.24%
EPS (Basic)	0.58	0.53	0.53	0.38	0.19	0.32
EPS (Diluted)	0.58	0.53	0.53	0.38	0.19	0.32
EPS Growth	9.37%	0%	39.47%	97.61%	-39.03%	-26.79%
Free Cash Flow	-184.03	103.71	756.17	-880.84	-798.43	-191.28
Free Cash Flow Per Share	-0.21	0.12	0.84	-1.08	-1.00	-0.24
Dividend Per Share	0.150	0.150	0.150	0.077	0.115	0.115
Dividend Growth	0%	0%	95.06%	-33.36%	0%	-62.50%
Profit Margin	25.22%	24.28%	24.15%	16.61%	9.94%	17.11%
Free Cash Flow Margin	-8.99%	5.33%	38.36%	-47.39%	-51.62%	-12.89%
EBITDA	1,503	1,429	1,502	1,196	993.9	802.94
EBITDA Margin	73.42%	73.45%	76.18%	64.34%	64.26%	54.09%
D&A For EBITDA	643.45	639.81	634.95	389.76	375.53	350.66
EBIT	859.05	789.37	866.69	806.2	618.36	452.28
EBIT Margin	41.98%	40.57%	43.97%	43.37%	39.98%	30.47%
Effective Tax Rate	17.68%	17.69%	16.02%	20.57%	23.33%	12.63%
Revenue as Reported	2,046	1,946	1,971	1,859	1,547	1,484

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