ZHEJIANG ZHENENG ELECTRIC POWER

ZHEJIANG ZHENENG ELECTRIC POWER — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010
+Revenue	88.0B	96.0B	80.2B	71.1B	51.7B	54.4B	56.6B	51.2B	39.2B	39.7B	44.2B	53.9B	47.1B	43.7B	36.3B
Revenue Growth %	-8.3%	19.7%	12.8%	37.5%	-4.9%	-4.0%	10.6%	30.7%	-1.3%	-10.2%	-18.1%	14.6%	7.8%	20.1%	--
Total Revenue	88.0B	96.0B	80.2B	71.1B	51.7B	54.4B	56.6B	51.2B	39.2B	39.7B	44.2B	53.9B	47.1B	43.7B	36.3B
Cost Of Revenue	77.3B	87.0B	83.4B	72.6B	44.1B	47.6B	51.3B	45.2B	30.4B	29.3B	35.4B	43.7B	40.0B	38.9B	30.6B
+Gross Profit	10.7B	9.0B	-3.2B	-1.5B	7.5B	6.8B	5.4B	6.0B	8.8B	10.3B	8.8B	10.2B	7.1B	4.8B	5.7B
Gross Margin %	12.2%	9.4%	-4.0%	-2.1%	14.6%	12.5%	9.5%	11.7%	22.3%	26.1%	19.9%	18.9%	15.1%	11.0%	15.7%
Total Operating Cost	83.1B	92.0B	87.0B	76.0B	47.3B	51.0B	54.7B	48.2B	33.3B	32.7B	38.8B	47.4B	43.7B	41.9B	33.6B
Selling Expenses	206.0M	165.0M	--	--	--	--	--	--	--	--	--	--	--	--	--
Admin Expenses	2.2B	2.1B	1.6B	1.6B	1.4B	1.5B	1.4B	1.5B	1.4B	1.5B	1.4B	1.5B	1.4B	1.2B	1.0B
Rd Expenses	515.0M	536.0M	261.0M	389.0M	286.0M	183.0M	124.0M	--	--	--	--	--	--	--	--
Finance Expenses	1.1B	1.2B	1.3B	965.0M	976.0M	1.2B	1.3B	1.1B	1.1B	1.6B	1.7B	1.7B	1.8B	1.6B	1.5B
+Operating Income	10.2B	9.3B	-3.2B	-2.9B	7.8B	5.8B	5.2B	5.6B	8.6B	10.2B	8.3B	9.3B	5.4B	3.2B	3.9B
Operating Margin %	11.6%	9.7%	-4.0%	-4.1%	15.1%	10.7%	9.1%	10.8%	21.9%	25.6%	18.9%	17.3%	11.5%	7.4%	10.9%
Non Operating Income	127.0M	29.7M	151.0M	157.0M	63.8M	45.1M	19.4M	9.2M	274.0M	300.0M	349.0M	326.0M	387.0M	189.0M	215.0M
Non Operating Expenses	263.0M	227.0M	72.7M	63.5M	70.5M	73.4M	191.0M	39.6M	160.0M	187.0M	144.0M	383.0M	186.0M	79.4M	75.1M
Investment Income	4.1B	4.6B	3.3B	1.6B	3.2B	2.2B	2.8B	2.5B	2.7B	3.1B	3.0B	2.8B	2.1B	1.5B	1.2B
Fair Value Change Income	149.0M	-67.2M	-1.1M	-790,000	8,300	20.4M	3.2M	-5.2M	--	--	--	--	--	--	--
Asset Disposal Income	642.0M	321.0M	27.3M	95.4M	11.2M	27.1M	6.6M	-214.0M	--	--	--	--	--	--	--
Asset Impairment Loss	1.2B	433.0M	137.0M	17.8M	5.8M	173.0M	145.0M	1.6M	4.1M	-54.1M	-4.4M	45.7M	276.0M	30.7M	204.0M
Other Income	320.0M	440.0M	352.0M	324.0M	257.0M	221.0M	423.0M	288.0M	--	--	--	--	--	--	--
Income Before Tax	10.0B	9.1B	-3.1B	-2.8B	7.8B	5.8B	5.0B	5.5B	8.7B	10.3B	8.5B	9.3B	5.6B	3.3B	4.1B
Income Tax	1.1B	1.2B	505.0M	-827.0M	1.1B	870.0M	684.0M	786.0M	1.5B	1.9B	1.5B	1.6B	989.0M	514.0M	761.0M
+Net Income	8.9B	7.9B	-3.6B	-2.0B	6.7B	4.9B	4.3B	4.7B	7.2B	8.4B	7.1B	7.7B	4.6B	2.8B	3.3B
Net Margin %	10.1%	8.2%	-4.5%	-2.8%	12.9%	9.0%	7.6%	9.3%	18.4%	21.2%	16.0%	14.3%	9.8%	6.4%	9.2%
Net Income Attributable	7.8B	6.5B	-1.8B	-861.0M	6.1B	4.3B	4.0B	4.3B	6.3B	7.0B	6.0B	5.8B	3.5B	2.2B	2.5B
Minority Interest	1.1B	1.4B	-1.8B	-1.1B	587.0M	614.0M	292.0M	410.0M	920.0M	1.4B	1.1B	1.9B	1.1B	613.0M	837.0M
Eps Basic	0.58	0.49	-0.14	-0.06	0.45	0.32	0.30	0.32	0.46	0.54	0.50	0.55	0.45	0.29	--
Eps Diluted	0.58	0.49	-0.14	-0.06	0.45	0.32	0.30	0.32	0.46	0.54	0.49	0.55	0.45	0.29	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010
Cash And Equivalents	16.2B	19.4B	13.1B	10.9B	18.6B	16.5B	11.8B	12.8B	15.8B	12.5B	14.5B	10.2B	7.6B	6.4B	7.3B
Trading Financial Assets	145.0M	--	--	285.0M	--	20.4M	23,400	40.3M	--	--	--	--	--	--	--
Accounts Receivable	11.8B	12.9B	8.2B	8.5B	6.0B	5.9B	5.8B	5.3B	5.3B	5.0B	5.5B	4.4B	5.0B	4.7B	3.5B
Notes Receivable	819.0M	836.0M	1.0B	810.0M	117.0M	--	693.0M	357.0M	145.0M	61.9M	26.8M	45.6M	16.7M	41.8M	433.0M
Notes And Accounts Receivable	12.6B	13.7B	9.2B	9.3B	6.1B	5.9B	6.5B	5.7B	5.4B	5.1B	5.5B	4.4B	5.1B	4.7B	4.0B
Prepayments	862.0M	593.0M	698.0M	646.0M	611.0M	353.0M	593.0M	369.0M	177.0M	264.0M	251.0M	267.0M	680.0M	784.0M	584.0M
Inventory	5.9B	6.5B	5.5B	4.3B	2.7B	2.3B	3.3B	2.7B	2.4B	1.9B	2.7B	3.2B	3.2B	3.8B	2.8B
Total Current Assets	38.3B	42.4B	29.7B	27.2B	29.8B	26.7B	23.5B	23.4B	24.8B	21.6B	24.7B	19.1B	16.8B	16.6B	16.4B
Long Term Equity Investment	36.8B	33.2B	30.1B	26.9B	24.9B	23.3B	21.4B	19.4B	15.2B	15.0B	14.2B	13.8B	10.7B	7.9B	6.3B
Fixed Assets	--	46.6B	42.1B	46.3B	48.2B	47.9B	52.8B	57.6B	54.6B	56.7B	49.2B	41.6B	42.3B	44.5B	45.5B
Fixed Assets Total	53.4B	46.8B	42.3B	46.7B	48.5B	48.0B	52.9B	57.6B	54.7B	56.7B	49.2B	41.6B	42.3B	44.5B	45.5B
Construction In Progress	--	6.4B	5.0B	1.8B	1.4B	3.5B	1.7B	845.0M	2.6B	1.4B	6.1B	8.3B	3.9B	1.0B	3.1B
Construction In Progress Total	5.2B	6.4B	5.0B	1.8B	1.4B	3.5B	1.7B	855.0M	2.6B	1.4B	6.2B	9.2B	4.0B	1.0B	3.2B
Intangible Assets	2.9B	3.0B	2.4B	2.4B	2.1B	2.0B	2.1B	2.2B	2.1B	2.0B	1.8B	1.7B	1.6B	913.0M	744.0M
Long Term Deferred Expenses	556.0M	597.0M	598.0M	335.0M	267.0M	256.0M	325.0M	335.0M	421.0M	72.0M	62.9M	99.1M	116.0M	70.5M	26.7M
Total Non Current Assets	115.8B	104.8B	91.2B	88.5B	84.6B	84.2B	86.2B	89.4B	81.0B	82.0B	79.5B	72.9B	64.6B	58.9B	62.1B
Total Assets	154.1B	147.2B	120.9B	115.6B	114.5B	110.9B	109.7B	112.8B	105.8B	103.6B	104.2B	92.0B	81.4B	75.5B	78.5B
Short Term Borrowings	10.8B	10.0B	10.6B	9.1B	4.7B	5.7B	6.4B	6.9B	4.9B	6.3B	6.8B	15.4B	9.9B	11.2B	10.1B
Accounts Payable	12.6B	11.2B	9.2B	7.4B	5.9B	4.4B	5.8B	6.5B	6.8B	5.8B	6.7B	5.2B	4.3B	4.8B	5.0B
Advance Receipts	2.1M	1.9M	50.1M	54,100	375,900	125.0M	293.0M	678.0M	194.0M	63.3M	42.4M	133.0M	191.0M	5.0M	67.6M
Contract Liabilities	278.0M	271.0M	50.6M	143.0M	244.0M	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	35.1B	32.1B	26.5B	23.1B	16.7B	14.3B	16.4B	18.3B	15.5B	16.2B	17.5B	24.1B	19.2B	21.5B	19.3B
Long Term Borrowings	27.4B	32.0B	24.5B	18.1B	18.7B	21.4B	22.1B	23.6B	22.2B	21.3B	25.6B	23.5B	21.6B	18.1B	21.1B
Total Non Current Liabilities	32.1B	35.2B	26.9B	20.8B	21.5B	24.2B	24.1B	25.8B	24.0B	23.6B	35.6B	24.5B	22.7B	19.1B	22.3B
Total Liabilities	67.3B	67.3B	53.4B	43.9B	38.2B	38.5B	40.5B	44.1B	39.5B	39.8B	53.1B	48.6B	41.9B	40.6B	41.6B
Paid In Capital	13.4B	13.4B	13.4B	13.6B	13.6B	13.6B	13.6B	13.6B	13.6B	13.6B	11.8B	9.1B	8.0B	7.7B	3.3B
Capital Reserve	24.1B	23.9B	24.0B	24.4B	24.3B	24.1B	24.1B	24.1B	23.8B	23.4B	16.6B	17.7B	13.3B	12.2B	16.5B
Surplus Reserve	6.2B	5.8B	5.2B	4.8B	4.4B	3.9B	3.6B	3.2B	2.6B	2.0B	1.4B	770.0M	509.0M	109.0M	265.0M
Retained Earnings	26.0B	22.1B	16.1B	18.3B	22.1B	19.3B	18.6B	17.3B	16.4B	14.4B	11.4B	7.9B	5.9B	3.8B	5.4B
Minority Equity	13.5B	12.6B	6.3B	7.9B	8.5B	8.3B	8.0B	8.0B	8.0B	8.2B	7.7B	7.3B	11.7B	11.1B	11.4B
Equity Attributable	73.3B	67.4B	61.2B	63.9B	67.8B	64.1B	61.1B	60.7B	58.2B	55.6B	43.5B	36.1B	27.8B	23.8B	25.6B
Total Equity	86.8B	80.0B	67.5B	71.7B	76.3B	72.4B	69.1B	68.8B	66.3B	63.8B	51.1B	43.4B	39.5B	34.9B	36.9B

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010
Cash From Sales	99.8B	102.5B	85.0B	83.4B	59.1B	64.5B	69.4B	63.2B	45.6B	46.4B	50.4B	63.6B	54.9B	49.6B	42.6B
Tax Refunds Received	415.0M	1.0B	1.8B	--	22.5M	38.2M	18.7M	8.1M	12.4M	13.0M	7.6M	13.7M	5.0M	3.0M	--
Total Operating Cash Inflow	101.6B	106.9B	87.7B	84.2B	59.6B	65.0B	70.1B	63.8B	46.1B	47.1B	50.8B	64.0B	55.5B	49.9B	43.0B
Cash Paid For Goods	77.6B	84.5B	79.7B	75.8B	42.5B	49.1B	56.2B	45.7B	24.5B	25.9B	32.6B	42.7B	40.3B	39.1B	30.1B
Cash Paid To Employees	5.1B	4.9B	4.0B	3.5B	3.3B	3.2B	3.0B	3.1B	3.0B	2.8B	2.5B	2.4B	2.1B	1.8B	1.6B
Taxes Paid	3.8B	3.6B	2.6B	3.1B	3.0B	3.0B	3.1B	3.3B	4.5B	5.2B	4.8B	5.2B	3.4B	3.0B	3.1B
Total Operating Cash Outflow	87.9B	95.4B	87.5B	83.4B	49.5B	56.0B	63.3B	53.7B	32.8B	34.5B	40.4B	50.8B	46.4B	44.5B	35.3B
Operating Cash Flow	13.7B	11.5B	224.0M	846.0M	10.1B	9.0B	6.8B	10.0B	13.4B	12.7B	10.4B	13.3B	9.1B	5.4B	7.8B
Total Investing Cash Inflow	4.4B	6.5B	3.0B	3.3B	2.9B	4.3B	3.2B	2.4B	3.2B	2.7B	2.9B	2.1B	1.7B	1.7B	1.2B
Total Investing Cash Outflow	13.0B	13.8B	8.8B	9.1B	4.1B	3.4B	5.1B	11.7B	6.9B	7.3B	9.1B	13.0B	9.0B	6.7B	6.9B
Investing Cash Flow	-8.7B	-7.3B	-5.8B	-5.9B	-1.2B	934.0M	-1.9B	-9.3B	-3.7B	-4.7B	-6.2B	-10.8B	-7.4B	-4.9B	-5.7B
Cash From Borrowings	32.3B	46.6B	43.7B	16.7B	5.9B	9.5B	7.1B	8.7B	10.6B	9.8B	19.7B	21.0B	21.8B	19.2B	14.9B
Dividends And Interest Paid	5.1B	1.9B	1.5B	4.7B	4.5B	4.2B	4.2B	5.3B	6.3B	6.2B	5.1B	6.3B	3.5B	5.2B	2.6B
Debt Repayments	34.8B	42.3B	34.1B	13.7B	8.2B	10.3B	8.4B	7.5B	11.4B	13.9B	24.8B	14.7B	20.4B	15.7B	13.4B
Total Financing Cash Inflow	32.7B	47.4B	44.1B	17.1B	6.1B	10.3B	7.4B	9.3B	11.4B	10.0B	30.0B	21.3B	23.4B	19.5B	15.4B
Total Financing Cash Outflow	40.5B	45.8B	36.3B	19.8B	12.9B	15.6B	13.3B	13.1B	17.7B	20.1B	29.8B	21.1B	23.9B	20.9B	16.0B
Financing Cash Flow	-7.8B	1.6B	7.9B	-2.7B	-6.8B	-5.3B	-5.9B	-3.8B	-6.4B	-10.1B	180.0M	181.0M	-478.0M	-1.3B	-618.0M
Net Change In Cash	-2.8B	5.8B	2.3B	-7.7B	2.1B	4.7B	-1.0B	-3.1B	3.3B	-2.1B	4.4B	2.6B	1.2B	-904.0M	1.5B
Ending Cash Balance	16.1B	18.9B	13.1B	10.8B	18.6B	16.4B	11.8B	12.8B	15.8B	12.5B	14.5B	10.2B	7.6B	6.4B	7.3B
Capex	9.7B	9.0B	5.6B	4.7B	3.2B	1.8B	2.1B	6.2B	6.6B	7.1B	8.8B	10.2B	7.2B	6.1B	6.4B