STATE GRID YINGDA CO LTD

STATE GRID YINGDA CO LTD — 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	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	7.4B	7.1B	7.1B	5.7B	5.0B	5.2B	4.9B	5.7B	7.0B	6.2B	5.3B	3.3B	1.5B	1.3B	1.5B	1.3B	1.6B	1.3B	745.0M	313.0M
Revenue Growth %	5.3%	-0.1%	23.9%	13.3%	-2.7%	5.1%	-14.0%	-18.0%	12.3%	16.5%	63.4%	111.4%	20.9%	-15.6%	17.0%	-18.8%	26.9%	68.9%	138.0%	--
Total Revenue	11.3B	10.9B	10.9B	9.5B	8.1B	7.6B	4.9B	5.7B	7.0B	6.2B	5.3B	3.3B	1.5B	1.3B	1.5B	1.3B	1.6B	1.3B	745.0M	313.0M
Cost Of Revenue	6.6B	6.0B	6.3B	5.0B	4.4B	4.5B	4.2B	4.8B	5.8B	5.1B	4.2B	2.6B	1.2B	947.0M	939.0M	818.0M	1.2B	973.0M	558.0M	216.0M
+Gross Profit	862.0M	1.0B	810.0M	689.0M	635.0M	719.0M	758.0M	894.0M	1.2B	1.1B	1.1B	691.0M	370.0M	332.0M	577.0M	478.0M	357.0M	285.0M	187.0M	97.0M
Gross Margin %	11.6%	14.6%	11.4%	12.1%	12.6%	13.9%	15.4%	15.6%	16.8%	18.3%	20.6%	21.1%	23.9%	26.0%	38.1%	36.9%	22.4%	22.7%	25.1%	31.0%
Total Operating Cost	8.8B	8.5B	8.5B	7.3B	6.5B	6.7B	5.0B	5.5B	6.5B	5.8B	4.8B	2.9B	1.3B	1.1B	1.1B	944.0M	1.4B	1.1B	674.0M	288.0M
Selling Expenses	271.0M	234.0M	182.0M	157.0M	193.0M	243.0M	238.0M	221.0M	192.0M	195.0M	199.0M	105.0M	35.3M	34.3M	32.8M	24.6M	25.1M	31.4M	58.5M	30.0M
Admin Expenses	1.3B	1.2B	1.2B	1.2B	940.0M	948.0M	227.0M	203.0M	351.0M	334.0M	258.0M	176.0M	83.6M	81.3M	101.0M	86.0M	71.3M	62.4M	47.3M	38.4M
Rd Expenses	302.0M	207.0M	211.0M	133.0M	92.2M	124.0M	110.0M	126.0M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	-18.9M	3.8M	18.2M	31.2M	37.2M	73.0M	69.6M	46.2M	68.3M	81.1M	56.7M	16.3M	12.5M	6.2M	3.5M	5.7M	7.4M	2.9M	3.8M	1.3M
+Operating Income	2.9B	2.3B	1.9B	2.5B	2.2B	1.6B	15.4M	328.0M	588.0M	523.0M	544.0M	367.0M	223.0M	199.0M	426.0M	353.0M	284.0M	224.0M	79.9M	27.2M
Operating Margin %	38.6%	32.6%	27.4%	44.2%	44.4%	31.8%	0.3%	5.7%	8.4%	8.4%	10.2%	11.2%	14.4%	15.6%	28.1%	27.2%	17.8%	17.8%	10.7%	8.7%
Non Operating Income	15.8M	7.3M	6.1M	10.2M	5.3M	6.4M	6.9M	29.8M	41.8M	74.3M	27.5M	19.2M	15.7M	39.3M	15.4M	15.9M	2.3M	708,600	--	22,900
Non Operating Expenses	10.5M	4.9M	20.8M	6.9M	786.0M	6.0M	416,800	15.1M	8.9M	28.9M	1.5M	2.8M	298,800	71,000	1.7M	81,600	1.3M	320,200	23,100	641,100
Investment Income	332.0M	237.0M	183.0M	467.0M	550.0M	428.0M	3.4M	5.0M	4.9M	3.6M	3.4M	123,200	--	--	--	--	41.2M	42.1M	9.2M	1.7M
Fair Value Change Income	-32.2M	-344.0M	-629.0M	-136.0M	28.1M	257.0M	8.5M	22.7M	93.4M	63.5M	8.8M	22,100	3,000	-29,900	4,500	39,400	-75,200	3,600	32,600	--
Asset Disposal Income	109,500	5.4M	-609,000	-2.0M	-90,400	27.8M	92,100	51.5M	19.3M	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	-15.1M	75.9M	21.3M	-972,100	9.7M	4.5M	141.0M	52.1M	53.7M	49.8M	25.6M	13.0M	8.2M	5.2M	4.3M	2.0M	4.3M	278,300	3.9M	--
Other Income	64.0M	37.1M	43.2M	24.9M	41.7M	44.5M	57.7M	42.6M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	2.9B	2.3B	1.9B	2.5B	1.5B	1.7B	21.9M	343.0M	621.0M	568.0M	570.0M	384.0M	239.0M	239.0M	440.0M	368.0M	286.0M	224.0M	79.9M	26.5M
Income Tax	823.0M	508.0M	435.0M	595.0M	372.0M	425.0M	13.7M	91.5M	129.0M	122.0M	121.0M	85.6M	46.6M	44.5M	69.9M	62.7M	39.6M	29.3M	7.8M	10.8M
+Net Income	2.1B	1.8B	1.5B	1.9B	1.1B	1.2B	8.2M	251.0M	492.0M	446.0M	449.0M	298.0M	192.0M	194.0M	370.0M	306.0M	246.0M	195.0M	72.1M	15.7M
Net Margin %	27.6%	25.4%	21.1%	33.9%	21.6%	23.7%	0.2%	4.4%	7.0%	7.2%	8.4%	9.1%	12.4%	15.2%	24.4%	23.6%	15.4%	15.5%	9.7%	5.0%
Net Income Attributable	1.6B	1.4B	1.1B	1.5B	870.0M	953.0M	19.4M	239.0M	473.0M	430.0M	429.0M	283.0M	152.0M	164.0M	320.0M	255.0M	211.0M	177.0M	70.9M	15.7M
Minority Interest	482.0M	432.0M	392.0M	433.0M	217.0M	273.0M	-11.2M	12.0M	19.5M	16.2M	20.0M	14.7M	39.9M	29.9M	50.0M	50.2M	34.5M	17.6M	1.2M	18,600
Eps Basic	0.28	0.24	0.19	0.21	0.16	0.18	0.01	0.18	0.35	0.32	0.32	0.23	0.25	0.27	0.52	0.41	0.34	0.44	0.36	0.13
Eps Diluted	0.28	0.24	0.19	0.26	0.16	0.18	0.01	0.18	0.35	0.32	0.32	0.23	0.25	0.27	--	--	0.34	0.44	0.36	--

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	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	7.1B	6.3B	7.9B	7.3B	5.7B	5.1B	1.3B	1.2B	1.8B	1.8B	1.5B	784.0M	570.0M	471.0M	451.0M	536.0M	774.0M	538.0M	180.0M	150.0M
Trading Financial Assets	16.9B	15.3B	11.8B	11.6B	10.2B	9.6B	218.0M	209.0M	187.0M	83.6M	12.4M	--	77,900	75,000	104,900	100,400	61,000	136,200	132,600	300,000
Accounts Receivable	3.4B	3.6B	3.4B	4.3B	4.5B	4.2B	4.0B	3.0B	3.0B	3.5B	2.8B	1.7B	746.0M	471.0M	587.0M	266.0M	191.0M	314.0M	179.0M	125.0M
Notes Receivable	--	1.3M	1.9M	1.5M	3.5M	188.0M	567.0M	1.0B	618.0M	80.5M	343.0M	18.4M	16.0M	31.3M	21.8M	6.6M	20,000	--	--	--
Notes And Accounts Receivable	3.4B	3.6B	3.4B	4.3B	4.5B	4.4B	4.5B	4.1B	3.6B	3.5B	3.1B	1.7B	762.0M	502.0M	609.0M	273.0M	191.0M	314.0M	179.0M	125.0M
Prepayments	76.3M	88.2M	189.0M	218.0M	98.7M	119.0M	183.0M	240.0M	286.0M	451.0M	277.0M	34.6M	31.7M	34.6M	15.9M	30.8M	53.4M	48.5M	37.2M	17.6M
Inventory	1.2B	1.2B	1.1B	1.0B	814.0M	880.0M	734.0M	807.0M	821.0M	798.0M	776.0M	633.0M	296.0M	350.0M	411.0M	387.0M	321.0M	220.0M	215.0M	87.1M
Total Current Assets	38.8B	35.9B	32.9B	32.5B	26.7B	24.5B	7.1B	7.0B	6.8B	6.8B	5.8B	3.2B	1.7B	1.4B	1.5B	1.2B	1.3B	1.1B	613.0M	380.0M
Long Term Equity Investment	124.0M	124.0M	123.0M	124.0M	115.0M	65.2M	37.6M	37.9M	28.7M	27.9M	26.3M	--	--	--	--	50,000	50,000	62.5M	20.6M	11.9M
Fixed Assets	--	727.0M	775.0M	--	--	--	678.0M	724.0M	771.0M	744.0M	655.0M	462.0M	169.0M	184.0M	197.0M	116.0M	108.0M	65.0M	61.3M	42.5M
Fixed Assets Total	731.0M	730.0M	779.0M	761.0M	830.0M	944.0M	678.0M	724.0M	771.0M	744.0M	655.0M	462.0M	169.0M	184.0M	197.0M	116.0M	108.0M	65.0M	61.3M	42.5M
Construction In Progress	--	74.9M	84.1M	--	--	--	59.6M	38.6M	21.0M	63.5M	115.0M	117.0M	29.9M	--	1.1M	80.7M	50.3M	5.7M	2.5M	1.6M
Construction In Progress Total	28.1M	74.9M	84.1M	87.2M	49.6M	32.1M	59.6M	38.6M	21.0M	63.5M	115.0M	117.0M	29.9M	--	1.1M	80.7M	50.3M	5.7M	2.5M	1.6M
Intangible Assets	513.0M	500.0M	502.0M	448.0M	407.0M	401.0M	396.0M	395.0M	430.0M	432.0M	432.0M	381.0M	17.7M	18.1M	18.5M	19.0M	1.4M	3.0M	4.7M	6.5M
Long Term Deferred Expenses	79.2M	83.1M	13.3M	10.1M	12.6M	16.8M	14.6M	17.2M	12.8M	7.6M	6.5M	1.5M	1.5M	2.2M	4.1M	6.3M	5.1M	1.5M	140,000	1.2M
Total Non Current Assets	7.8B	8.4B	11.7B	12.5B	12.5B	8.6B	1.8B	2.1B	2.1B	1.9B	1.6B	1.2B	478.0M	465.0M	479.0M	492.0M	429.0M	147.0M	94.1M	63.8M
Total Assets	46.6B	44.3B	44.6B	45.0B	39.3B	33.1B	8.9B	9.1B	9.0B	8.7B	7.4B	4.4B	2.2B	1.8B	2.0B	1.7B	1.8B	1.3B	707.0M	444.0M
Short Term Borrowings	702.0M	477.0M	2.7B	2.7B	2.3B	1.1B	1.4B	1.5B	630.0M	1.5B	1.0B	481.0M	266.0M	164.0M	135.0M	123.0M	390.0M	85.4M	103.0M	50.0M
Accounts Payable	4.3B	3.9B	3.5B	3.7B	3.2B	2.9B	2.5B	2.2B	2.1B	1.9B	1.7B	862.0M	465.0M	227.0M	316.0M	229.0M	246.0M	301.0M	240.0M	103.0M
Advance Receipts	488,000	714,300	672,000	1.1M	4.4M	195.0M	304.0M	232.0M	227.0M	367.0M	176.0M	242.0M	5.2M	2.5M	12.0M	11.3M	16.1M	4.6M	3.9M	6.9M
Contract Liabilities	113.0M	135.0M	83.9M	185.0M	95.4M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	20.8B	20.4B	21.4B	22.4B	18.2B	13.5B	5.1B	5.1B	5.0B	4.8B	3.8B	2.1B	831.0M	449.0M	524.0M	418.0M	738.0M	464.0M	398.0M	178.0M
Long Term Borrowings	--	--	40.0M	15.0M	--	--	--	--	--	300.0M	414.0M	111.0M	--	--	--	--	--	--	--	--
Total Non Current Liabilities	472.0M	453.0M	1.1B	1.2B	1.4B	3.0B	218.0M	209.0M	252.0M	478.0M	523.0M	114.0M	--	--	--	--	--	48,300	27,100	1.8M
Total Liabilities	21.3B	20.9B	22.5B	23.6B	19.6B	16.5B	5.3B	5.3B	5.2B	5.3B	4.4B	2.2B	831.0M	449.0M	524.0M	418.0M	738.0M	464.0M	398.0M	180.0M
Paid In Capital	5.7B	5.7B	5.7B	5.7B	5.7B	1.4B	1.4B	1.4B	1.4B	1.4B	1.2B	691.0M	619.0M	619.0M	619.0M	619.0M	412.0M	206.0M	200.0M	160.0M
Capital Reserve	5.5B	4.9B	4.9B	4.9B	4.9B	7.2B	376.0M	377.0M	377.0M	377.0M	503.0M	803.0M	80.0M	80.0M	80.0M	80.0M	204.0M	309.0M	1.8M	43.0M
Surplus Reserve	1.1B	1.1B	1.0B	961.0M	951.0M	891.0M	220.0M	217.0M	196.0M	172.0M	156.0M	142.0M	130.0M	120.0M	96.7M	70.1M	44.0M	26.0M	20.7M	14.4M
Retained Earnings	8.0B	7.2B	6.2B	5.7B	4.6B	4.0B	1.5B	1.6B	1.6B	1.3B	975.0M	483.0M	304.0M	409.0M	516.0M	408.0M	282.0M	204.0M	71.6M	37.6M
Minority Equity	3.8B	3.5B	3.2B	3.0B	2.7B	2.6B	155.0M	217.0M	214.0M	207.0M	197.0M	142.0M	200.0M	160.0M	140.0M	127.0M	90.9M	62.1M	15.2M	9.1M
Equity Attributable	21.5B	20.0B	18.8B	18.3B	17.0B	14.0B	3.4B	3.5B	3.5B	3.2B	2.9B	2.1B	1.1B	1.2B	1.3B	1.2B	942.0M	745.0M	294.0M	255.0M
Total Equity	25.3B	23.5B	22.1B	21.3B	19.6B	16.6B	3.6B	3.8B	3.7B	3.4B	3.1B	2.3B	1.3B	1.4B	1.5B	1.3B	1.0B	807.0M	309.0M	264.0M

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	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	8.0B	7.1B	7.5B	5.4B	5.4B	4.9B	4.5B	5.1B	7.3B	6.2B	5.3B	3.3B	1.7B	1.7B	1.6B	1.4B	1.6B	1.3B	777.0M	294.0M
Tax Refunds Received	4.3M	5.1M	15.1M	4.2M	8.9M	11.9M	9.8M	6.9M	11.4M	10.4M	638,700	9.1M	--	--	--	--	6.0M	--	5.4M	--
Total Operating Cash Inflow	17.9B	16.3B	13.9B	13.7B	13.6B	10.3B	5.0B	5.6B	7.6B	6.6B	5.7B	3.6B	1.8B	1.7B	1.6B	1.4B	1.7B	1.3B	784.0M	296.0M
Cash Paid For Goods	6.3B	5.5B	6.1B	5.7B	4.8B	4.1B	3.3B	4.9B	4.9B	4.8B	4.4B	2.8B	1.2B	1.2B	1.1B	967.0M	1.1B	991.0M	595.0M	218.0M
Cash Paid To Employees	983.0M	963.0M	905.0M	889.0M	701.0M	741.0M	348.0M	327.0M	354.0M	542.0M	362.0M	157.0M	82.2M	68.8M	79.7M	63.5M	46.5M	31.7M	24.8M	12.4M
Taxes Paid	2.5B	2.3B	1.9B	1.7B	1.5B	1.1B	198.0M	391.0M	361.0M	356.0M	387.0M	183.0M	120.0M	117.0M	179.0M	156.0M	139.0M	94.6M	50.2M	24.4M
Total Operating Cash Outflow	13.6B	15.5B	12.6B	12.9B	14.4B	8.7B	4.9B	6.4B	6.3B	6.4B	5.7B	3.5B	1.5B	1.4B	1.4B	1.3B	1.4B	1.2B	732.0M	306.0M
Operating Cash Flow	4.3B	803.0M	1.3B	761.0M	-751.0M	1.6B	139.0M	-758.0M	1.3B	171.0M	9.9M	79.1M	284.0M	255.0M	155.0M	144.0M	310.0M	89.3M	52.0M	-9.8M
Total Investing Cash Inflow	817.0M	693.0M	979.0M	1.9B	12.8B	11.7B	6.4M	91.4M	109.0M	14.7M	21.0M	265.0M	--	2,450	626,700	--	57.8M	23.9M	387,800	3,035
Total Investing Cash Outflow	2.9B	551.0M	1.0B	1.9B	13.3B	12.4B	79.2M	99.9M	151.0M	137.0M	120.0M	109.0M	36.4M	6.1M	18.4M	60.0M	421.0M	24.0M	42.8M	6.4M
Investing Cash Flow	-2.1B	142.0M	-41.5M	-79.4M	-587.0M	-762.0M	-72.8M	-8.5M	-42.9M	-122.0M	-99.3M	156.0M	-36.4M	-6.1M	-17.7M	-60.0M	-363.0M	-79,900	-42.4M	-6.4M
Cash From Borrowings	1.1B	1.5B	3.7B	3.6B	1.4B	1.8B	2.5B	1.9B	2.1B	2.3B	1.7B	1.1B	469.0M	227.0M	148.0M	93.1M	405.0M	98.4M	173.0M	90.0M
Dividends And Interest Paid	774.0M	538.0M	584.0M	806.0M	379.0M	296.0M	217.0M	276.0M	230.0M	213.0M	204.0M	121.0M	261.0M	264.0M	234.0M	60.5M	40.4M	46.5M	35.4M	7.5M
Debt Repayments	1.5B	3.7B	3.7B	5.5B	3.0B	2.7B	2.2B	1.3B	2.9B	1.9B	991.0M	959.0M	366.0M	199.0M	136.0M	425.0M	85.4M	116.0M	120.0M	104.0M
Total Financing Cash Inflow	1.6B	1.6B	3.8B	7.9B	5.4B	3.0B	2.6B	2.0B	2.1B	2.3B	1.8B	1.1B	469.0M	244.0M	156.0M	164.0M	415.0M	439.0M	178.0M	94.9M
Total Financing Cash Outflow	2.4B	4.4B	4.4B	6.4B	3.5B	3.2B	2.6B	1.8B	3.2B	2.4B	1.2B	1.1B	627.0M	474.0M	378.0M	485.0M	126.0M	170.0M	157.0M	112.0M
Financing Cash Flow	-788.0M	-2.8B	-650.0M	1.5B	1.9B	-202.0M	6.7M	254.0M	-1.1B	-128.0M	565.0M	-18.1M	-159.0M	-230.0M	-222.0M	-321.0M	289.0M	269.0M	21.2M	-17.1M
Net Change In Cash	1.5B	-1.9B	606.0M	2.2B	567.0M	609.0M	72.7M	-512.0M	124.0M	-85.3M	477.0M	223.0M	89.7M	20.2M	-84.9M	-238.0M	235.0M	358.0M	30.8M	-33.2M
Ending Cash Balance	8.6B	7.2B	9.1B	8.5B	6.3B	5.7B	1.1B	1.0B	1.5B	1.4B	1.5B	784.0M	561.0M	471.0M	451.0M	536.0M	774.0M	538.0M	180.0M	--
Capex	181.0M	196.0M	147.0M	117.0M	62.6M	153.0M	76.3M	81.4M	81.6M	120.0M	114.0M	101.0M	36.4M	6.1M	18.4M	60.0M	83.6M	24.0M	42.6M	6.1M