Zhejiang Power New Energy Co., Ltd. (SHA:688184)

China · Delayed Price · Currency is CNY

10.78

-0.22 (-2.00%)

Sep 10, 2026, 4:00 PM EDT

Zhejiang Power New Energy Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	906	690.34	956.9	954.27	1,656	866.21
Revenue Growth	47.83%	-27.86%	0.28%	-42.38%	91.21%	49.60%
Gross Profit	-48.25	-130.71	-528.59	-237.03	199.47	137.37
Operating Income	-166.53	-269.92	-678.66	-329.43	106.22	76.94
Net Income	-494.98	-698.47	-868.57	-247.64	145.79	83.56
Earnings Per Share	-3.07	-4.36	-5.47	-1.84	1.11	0.78
EPS Growth	-	-	-	-	41.71%	64.91%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Monocrystalline NCM Products	535.69
Raw and Auxiliary Materials	74.98
Sodium-ionized precursor	9.4
Polycrystalline NCM Products	70.27
Total	690.34

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	117.39	69.53	399.36	709.29	1,188	313.16
Total Debt	120	172.39	209.7	8.63	4.01	-
Net Cash (Debt)	-2.61	-102.86	189.65	700.66	1,184	313.16
Net Cash Growth	-	-	-72.93%	-40.81%	277.99%	8169.43%
Net Cash Per Share	-0.02	-0.64	1.19	5.21	9.01	2.94

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-262.71	-455.93	-479.15	148.13	21.17	-240.98
Capital Expenditures	-6.35	-27.52	-217.88	-457.94	-396.45	-285.45
Free Cash Flow	-269.06	-483.44	-697.02	-309.81	-375.28	-526.42
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	-5.33%	-18.93%	-55.24%	-24.84%	12.04%	15.86%
Operating Margin	-18.38%	-39.10%	-70.92%	-34.52%	6.41%	8.88%
Pretax Margin	-54.19%	-101.15%	-90.69%	-31.14%	9.73%	10.59%
Profit Margin	-54.63%	-101.18%	-90.77%	-25.95%	8.80%	9.65%
FCF Margin	-29.70%	-70.03%	-72.84%	-32.47%	-22.66%	-60.77%

Dividends

Fiscal Year	FY 2022
Period Ending	Dec '22 Dec 31, 2022
Dividend Per Share	0.275
Dividend Per Share Growth	-
Dividend Yield	0.96%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 11, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	-	32.01	-
Forward PE	-	46.96	12.24	15.38	-	-
PS Ratio	1.77	2.09	2.25	3.29	2.82	-