SHANGHAI ELECTRIC WIND POWER GR

SHANGHAI ELECTRIC WIND POWER GR — 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
+Revenue	10.4B	10.1B	12.1B	23.5B	20.7B	10.1B	6.2B	6.6B
Revenue Growth %	3.2%	-16.2%	-48.6%	13.6%	104.1%	64.2%	-5.9%	--
Total Revenue	10.4B	10.1B	12.1B	23.5B	20.7B	10.1B	6.2B	6.6B
Cost Of Revenue	9.7B	10.3B	10.4B	19.7B	17.9B	8.1B	4.8B	5.1B
+Gross Profit	719.0M	-232.0M	1.7B	3.8B	2.8B	2.0B	1.4B	1.5B
Gross Margin %	6.9%	-2.3%	14.2%	16.4%	13.6%	20.2%	22.3%	22.4%
Total Operating Cost	11.4B	12.2B	12.8B	23.1B	20.4B	9.9B	6.4B	6.6B
Selling Expenses	250.0M	263.0M	1.2B	1.8B	1.5B	879.0M	694.0M	872.0M
Admin Expenses	493.0M	552.0M	538.0M	598.0M	548.0M	441.0M	366.0M	352.0M
Rd Expenses	623.0M	658.0M	584.0M	925.0M	560.0M	294.0M	405.0M	235.0M
Finance Expenses	166.0M	112.0M	48.0M	15.9M	-16.5M	85.8M	106.0M	56.7M
+Operating Income	-907.0M	-1.4B	-455.0M	504.0M	420.0M	268.0M	-80.0M	20.5M
Operating Margin %	-8.7%	-14.0%	-3.8%	2.1%	2.0%	2.6%	-1.3%	0.3%
Non Operating Income	14.5M	33.5M	8.0M	31.0M	46.0M	21.9M	17.9M	27.4M
Non Operating Expenses	9.9M	10.6M	1.3M	7.6M	5.5M	3.3M	476,600	23.3M
Investment Income	55.3M	445.0M	117.0M	-4.1M	20.2M	-13.8M	-4.5M	-233,200
Fair Value Change Income	1.4M	10.9M	23.0M	24.4M	-2.8M	--	--	--
Asset Disposal Income	8.0M	11.4M	-4.9M	8.1M	3.2M	-206,700	213,700	-811,100
Asset Impairment Loss	128.0M	150.0M	33.7M	69.2M	61.4M	49.7M	4.8M	-15.7M
Other Income	17.9M	204.0M	160.0M	55.4M	94.8M	80.2M	153.0M	90.4M
Income Before Tax	-902.0M	-1.4B	-448.0M	528.0M	461.0M	287.0M	-62.6M	24.5M
Income Tax	-116.0M	-122.0M	-110.0M	20.8M	44.0M	35.4M	-10.3M	3.3M
+Net Income	-786.0M	-1.3B	-338.0M	507.0M	417.0M	252.0M	-52.3M	21.2M
Net Margin %	-7.5%	-12.6%	-2.8%	2.2%	2.0%	2.5%	-0.8%	0.3%
Net Income Attributable	-785.0M	-1.3B	-338.0M	507.0M	417.0M	252.0M	-52.3M	21.2M
Minority Interest	-984,000	-258,300	-29,800	--	--	--	--	--
Eps Basic	-0.59	-0.95	-0.25	0.46	0.52	0.31	--	--
Eps Diluted	-0.59	-0.95	-0.25	0.46	0.52	0.31	--	--

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
Cash And Equivalents	3.0B	2.2B	5.7B	6.0B	4.1B	3.9B	2.4B	1.1B
Accounts Receivable	5.5B	3.9B	3.1B	2.0B	4.6B	4.6B	2.6B	5.1B
Notes Receivable	141.0M	372.0M	177.0M	678.0M	1.7B	1.0B	474.0M	1.0B
Notes And Accounts Receivable	5.7B	4.3B	3.3B	2.6B	6.4B	5.7B	3.1B	6.1B
Prepayments	537.0M	137.0M	606.0M	463.0M	2.6B	1.3B	908.0M	724.0M
Inventory	1.7B	1.7B	1.8B	4.2B	4.6B	2.1B	1.1B	1.0B
Total Current Assets	16.9B	14.9B	18.3B	20.6B	24.2B	17.2B	10.4B	9.3B
Long Term Equity Investment	925.0M	800.0M	335.0M	433.0M	305.0M	119.0M	107.0M	74.4M
Fixed Assets	--	2.3B	1.7B	1.7B	1.6B	1.3B	467.0M	234.0M
Fixed Assets Total	2.6B	2.3B	1.7B	1.7B	1.6B	1.3B	467.0M	234.0M
Construction In Progress	--	374.0M	2.2B	499.0M	417.0M	117.0M	362.0M	145.0M
Construction In Progress Total	227.0M	374.0M	2.2B	499.0M	417.0M	117.0M	362.0M	145.0M
Intangible Assets	323.0M	178.0M	196.0M	88.4M	85.0M	76.3M	97.4M	84.9M
Long Term Deferred Expenses	7.8M	13.4M	14.3M	15.8M	18.8M	19.7M	22.4M	5.8M
Total Non Current Assets	12.3B	11.0B	11.9B	10.1B	7.6B	5.0B	4.1B	3.0B
Total Assets	29.2B	25.9B	30.2B	30.7B	31.8B	22.3B	14.5B	12.3B
Short Term Borrowings	307.0M	1.1B	76.0M	--	334.0M	815.0M	2.6B	1.4B
Accounts Payable	10.2B	8.1B	7.4B	7.7B	11.0B	6.2B	3.9B	3.4B
Advance Receipts	--	--	--	--	--	--	--	1.1B
Contract Liabilities	2.2B	760.0M	1.8B	3.0B	8.4B	5.8B	1.2B	--
Total Current Liabilities	19.6B	15.4B	17.1B	19.4B	24.4B	16.9B	11.0B	9.1B
Long Term Borrowings	2.3B	1.3B	1.9B	514.0M	526.0M	310.0M	344.0M	--
Total Non Current Liabilities	4.5B	4.6B	5.9B	3.7B	3.0B	1.5B	1.4B	1.0B
Total Liabilities	24.1B	20.0B	23.1B	23.1B	27.4B	18.4B	12.4B	10.1B
Paid In Capital	1.3B	1.3B	1.3B	1.3B	800.0M	800.0M	3.5B	3.5B
Capital Reserve	5.1B	5.1B	5.1B	5.1B	2.8B	2.8B	42.5M	42.5M
Surplus Reserve	95.5M	95.5M	95.5M	95.5M	60.9M	28.9M	--	--
Retained Earnings	-1.5B	-745.0M	527.0M	1.0B	566.0M	181.0M	-1.4B	-1.4B
Minority Equity	12.6M	9.2M	9.4M	1.5M	--	--	--	--
Equity Attributable	5.1B	5.9B	7.1B	7.6B	4.3B	3.9B	2.1B	2.2B
Total Equity	5.1B	5.9B	7.2B	7.6B	4.3B	3.9B	2.1B	2.2B

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
Cash From Sales	12.1B	10.7B	12.0B	24.3B	24.7B	12.9B	7.4B	6.8B
Tax Refunds Received	30.8M	52.3M	213.0M	162.0M	46.7M	--	--	--
Total Operating Cash Inflow	12.4B	11.2B	12.8B	24.7B	25.1B	13.1B	7.7B	7.0B
Cash Paid For Goods	10.9B	13.7B	11.6B	22.2B	21.7B	9.3B	6.2B	6.3B
Cash Paid To Employees	690.0M	682.0M	711.0M	702.0M	558.0M	447.0M	344.0M	267.0M
Taxes Paid	163.0M	404.0M	604.0M	1.0B	939.0M	279.0M	464.0M	667.0M
Total Operating Cash Outflow	12.3B	15.1B	13.5B	24.4B	23.6B	10.4B	7.3B	7.5B
Operating Cash Flow	43.3M	-3.9B	-718.0M	336.0M	1.5B	2.8B	433.0M	-432.0M
Total Investing Cash Inflow	132.0M	1.1B	671.0M	28.7M	539.0M	667,100	1.3M	10.6M
Total Investing Cash Outflow	696.0M	2.1B	2.2B	767.0M	1.6B	823.0M	525.0M	230.0M
Investing Cash Flow	-564.0M	-1.0B	-1.5B	-738.0M	-1.1B	-823.0M	-524.0M	-220.0M
Cash From Borrowings	3.2B	4.1B	3.6B	243.0M	625.0M	2.4B	3.4B	1.7B
Dividends And Interest Paid	132.0M	127.0M	206.0M	30.2M	33.5M	70.4M	103.0M	70.8M
Debt Repayments	3.2B	4.3B	5.2B	558.0M	823.0M	4.2B	1.9B	2.1B
Total Financing Cash Inflow	4.7B	6.1B	7.3B	3.1B	625.0M	3.9B	3.4B	1.7B
Total Financing Cash Outflow	3.4B	4.6B	5.5B	689.0M	856.0M	4.3B	2.0B	2.1B
Financing Cash Flow	1.3B	1.5B	1.9B	2.4B	-231.0M	-427.0M	1.5B	-438.0M
Net Change In Cash	794.0M	-3.5B	-359.0M	2.0B	149.0M	1.5B	1.4B	-1.1B
Ending Cash Balance	3.0B	2.2B	5.7B	6.0B	4.1B	3.9B	2.4B	1.0B
Capex	544.0M	1.6B	2.1B	479.0M	936.0M	660.0M	483.0M	156.0M