Cash flow Guangxi Guiguan Electric PowerCo.,Ltd.

Equities

600236

CNE0000011Y9

Electric Utilities

End-of-day quote Shanghai S.E. Other stock markets 2024-09-13			5-day change	1st Jan Change
6.330 ^CNY	+0.32%		+1.12%	+14.26%

08-24	Guangxi Guiguan Electric PowerCo.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
07-31	Guiguan Electric Power to Invest 2.25 Billion Yuan in Two New Power Generators	MT

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Published financial data: GUANGXI GUIGUAN ELECTRIC POWERCO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	8.99B	8.91B	8.35B	10.57B	8.05B
Other Revenues, Total	49.46M	64.45M	62.01M	57.66M	42.84M
Total Revenues	9.04B	8.97B	8.41B	10.62B	8.09B
Selling General & Admin Expenses, Total	385M	348M	332M	331M	354M
R&D Expenses	-	-	4.84M	-	3.25M
Provision for Bad Debts	-40.43M	2.15M	16.71M	374K	-3.85M
Other Operating Expenses	4.75B	4.73B	5.37B	5.44B	5.76B
Total Operating Expenses	5.09B	5.08B	5.72B	5.77B	6.12B
Operating Income (REIT / Utility Template)	3.95B	3.9B	2.69B	4.86B	1.98B
Interest Expense, Total	-1.13B	-1.01B	-866M	-727M	-577M
Interest and Investment Income	77.57M	91.8M	96.18M	132M	153M
Net Interest Expenses	-1.05B	-916M	-770M	-595M	-425M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	13.55M	-341K	-21.47M	1M	2.44M
EBT, Excl. Unusual Items	2.91B	2.98B	1.9B	4.26B	1.55B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	38.86K	-588K	-	-	-
Gain (Loss) on Sale of Assets	1.76M	-3.34M	-27.27M	-53.96M	-10.78M
Asset Writedown	-	-	-	-17.05M	-
Insurance Settlements	-	-	-	-	2.38M
Other Unusual Items	-14.8M	-16.83M	24.35M	14.45M	34.93M
EBT, Incl. Unusual Items	2.9B	2.96B	1.9B	4.21B	1.58B
Income Tax Expense	498M	467M	302M	562M	179M
Earnings From Continuing Operations	2.4B	2.49B	1.6B	3.64B	1.4B
Net Income to Company	2.4B	2.49B	1.6B	3.64B	1.4B
Minority Interest	-285M	-298M	-243M	-434M	-174M
Net Income - (IS)	2.11B	2.2B	1.35B	3.21B	1.23B
Net Income to Common Incl Extra Items	2.11B	2.2B	1.35B	3.21B	1.23B
Net Income to Common Excl. Extra Items	2.11B	2.2B	1.35B	3.21B	1.23B
Per Share Items
Net EPS - Basic	0.27	0.28	0.16	0.4	0.14
Basic EPS - Continuing Operations	0.27	0.28	0.16	0.4	0.14
Basic Weighted Average Shares Outstanding	7.88B	7.89B	8.34B	8.09B	8.47B
Net EPS - Diluted	0.27	0.28	0.16	0.4	0.14
Diluted EPS - Continuing Operations	0.27	0.28	0.16	0.4	0.14
Diluted Weighted Average Shares Outstanding	7.88B	7.89B	8.34B	8.09B	8.47B
Normalized Basic EPS	0.19	0.2	0.11	0.28	0.09
Normalized Diluted EPS	0.19	0.2	0.11	0.28	0.09
Dividend Per Share	0.19	0.19	0.15	0.2	0.2
Payout Ratio	125.33	115.88	184.1	61.78	241.12
Supplemental Items
Utility Revenues	8.99B	8.91B	8.35B	10.57B	8.05B
Non Utility Revenues	49.46M	64.45M	62.01M	57.66M	42.84M
EBITDA	6.32B	6.15B	4.72B	6.93B	4.12B
EBITA	3.97B	3.92B	2.71B	4.88B	2B
EBIT	3.95B	3.9B	2.69B	4.86B	1.98B
EBITDAR	6.34B	6.17B	4.74B	6.96B	4.15B
Total Revenues (As Reported)	9.04B	8.97B	8.41B	10.62B	8.09B
Effective Tax Rate - (Ratio)	17.18	15.77	15.92	13.37	11.36
Total Current Taxes	460M	467M	298M	558M	176M
Total Deferred Taxes	37.74M	-311K	3.95M	3.63M	3.44M
Normalized Net Income	1.53B	1.57B	944M	2.23B	796M
Interest Capitalized	43.86M	56.3M	13.79M	16.89M	9.78M
Interest on Long-Term Debt	91.97M	133M	21.83M	194M	28.15M
Non-Cash Pension Expense	-	-	-	739K	159K
Supplemental Operating Expense Items
General and Administrative Expenses	385M	348M	332M	331M	354M
Research And Development Expense From Footnotes	-	-	4.84M	-	3.25M
Net Rental Expense, Total	19.65M	21M	22.05M	25.77M	33.13M
Imputed Operating Lease Interest Expense	7.21M	7.53M	7.29M	7.18M	7.06M
Imputed Operating Lease Depreciation	12.44M	13.47M	14.75M	18.59M	26.08M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.86B	1.88B	1.56B	597M	740M
Accounts Receivable, Total	1B	1.31B	1.46B	1.42B	1.63B
Other Receivables	39.22M	33.21M	52.92M	42.53M	69.58M
Accounts Receivable (Summary Subtotal)	1.04B	1.35B	1.51B	1.46B	1.7B
Inventory - (Utility Template)	247M	165M	242M	190M	244M
Prepaid Expenses	-	735K	862K	964K	3.45M
Other Current Assets, Total	468M	324M	432M	715M	709M
Total Current Assets	3.62B	3.72B	3.74B	2.96B	3.39B
Gross Property Plant And Equipment	72.28B	74.6B	76.23B	78.57B	82.04B
Accumulated Depreciation	-34.25B	-36.44B	-38.09B	-40.03B	-41.98B
Net Property Plant And Equipment	38.04B	38.16B	38.15B	38.54B	40.06B
Goodwill	289M	289M	289M	289M	289M
Other Intangibles, Total	707M	701M	688M	675M	670M
Long-Term Investments - (Utility Template)	1.13B	1.27B	1.31B	1.38B	1.42B
Deferred Tax Assets Long-Term (Collected)	36.55M	35.48M	28.81M	24.08M	66.09M
Deferred Charges Long-Term	3.55M	1.14M	290K	210K	40.91K
Other Long-Term Assets, Total	140M	610M	234M	1.36B	1.38B
Total Assets	43.96B	44.78B	44.45B	45.23B	47.28B
Liabilities
Accounts Payable, Total	120M	157M	165M	187M	183M
Accrued Expenses, Total	474M	328M	255M	263M	256M
Short-Term Borrowings	4.87B	1.94B	2.78B	4.05B	8.66B
Current Portion of Long-Term Debt	2.94B	2.14B	3.23B	4.79B	2.1B
Current Portion of Leases	-	-	37.54M	91.78M	125M
Current Income Taxes Payable	80.33M	123M	19.43M	20.44M	13.29M
Unearned Revenue, Current	1.21M	5.29M	4.66M	74.28M	4.85M
Other Current Liabilities - (Bank / Utility Template)	1.43B	1.73B	2.12B	1.91B	1.98B
Total Current Liabilities	9.92B	6.43B	8.62B	11.4B	13.32B
Long-Term Debt	16.77B	18.45B	15.61B	11.27B	11.96B
Long-Term Leases	7.18M	393M	402M	455M	600M
Unearned Revenue Non Current	56.73M	44.41M	37.95M	34.18M	156M
Deferred Tax Liability Non-Current	24.49M	50.68M	52.06M	51.1M	92.6M
Other Non Current Liabilities, Total	53.28M	51.52M	34.61M	43.21M	47.53M
Total Liabilities	26.83B	25.42B	24.75B	23.25B	26.17B
Common Stock, Total	7.88B	7.88B	7.88B	7.88B	7.88B
Additional Paid In Capital	1.28B	1.3B	984M	980M	950M
Retained Earnings	5.33B	6.02B	5.8B	7.9B	6.83B
Comprehensive Income and Other	11.85M	1.5B	2.13B	2.14B	2.64B
Total Common Equity	14.51B	16.7B	16.79B	18.9B	18.31B
Minority Interest	2.61B	2.66B	2.9B	3.08B	2.8B
Total Equity	17.13B	19.36B	19.69B	21.98B	21.11B
Total Liabilities And Equity	43.96B	44.78B	44.45B	45.23B	47.28B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.88B	7.88B	7.88B	7.88B	7.88B
ECS Total Common Shares Outstanding	7.88B	7.88B	7.88B	7.88B	7.88B
Book Value / Share	1.84	2.12	1.88	2.14	2
Tangible Book Value	13.52B	15.71B	15.81B	17.94B	17.35B
Tangible Book Value Per Share	1.71	1.99	1.75	2.02	1.88
Total Debt	24.59B	22.93B	22.06B	20.66B	23.45B
Net Debt	22.72B	21.05B	20.5B	20.07B	22.71B
Debt Equivalent Oper. Leases	157M	168M	176M	206M	265M
Minority Interest, Total (Incl. Fin. Div)	2.61B	2.66B	2.9B	3.08B	2.8B
Equity Method Investments, Total	1.01B	1.04B	1.07B	1.14B	1.2B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	251M	169M	246M	195M	249M
Inventories - Others	-	-	-	-	-
Buildings, Total	44.41B	44.76B	45.05B	45.11B	45.34B
Machinery, Total	24.61B	24.93B	28.28B	29.32B	31.56B
Full Time Employees	3.59K	3.67K	3.78K	3.7K	3.52K
Assets under Capital Lease - Gross	-	133M	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-55.73M	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	7.53M	9.68M	4.19M	4.42M	683K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.11B	2.2B	1.35B	3.21B	1.23B
Depreciation, Depletion & Amortization	2.35B	2.23B	2.02B	2.07B	2.15B
Amortization of Goodwill and Intangible Assets - (CF)	20.09M	21.43M	21.91M	20.01M	19.95M
Total Depreciation, Depletion & Amortization	2.37B	2.25B	2.05B	2.09B	2.17B
Amortization of Deferred Charges, Total	7.9M	7.55M	5.89M	6.01M	6.94M
(Gain) Loss On Sale of Asset - (CF)	-7.77M	-2.68M	-31.77K	133K	-127K
(Gain) Loss on Sale of Investments - (CF)	-52.23M	-69.1M	-78.79M	-117M	-143M
Total Asset Writedown	5.97M	6.61M	27.31M	70.88M	10.91M
Provision and Write-off of Bad Debts	-40.43M	2.15M	16.71M	374K	-3.85M
Change in Accounts Receivable	53.31M	-320M	-276M	-137M	-250M
Change In Inventories	-137M	82.17M	-76.97M	51.41M	-53.97M
Change in Accounts Payable	-332M	110M	-94.54M	255M	368M
Change In Deferred Taxes	37.74M	-311K	3.95M	3.63M	3.44M
Other Operating Activities	1.4B	1.31B	1.13B	1.16B	748M
Cash from Operations	5.42B	5.57B	4.06B	6.6B	4.08B
Capital Expenditure	-805M	-2.61B	-1.53B	-3.75B	-3.69B
Sale of Property, Plant, and Equipment	27.36M	3.94M	2.07M	336K	2.66M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	8.64M	-	-	-
Investment in Marketable and Equity Securities, Total	-	-9.58M	8.84M	5.98M	-
Deferred Charges	-	-	-	-	-
Other Investing Activities, Total	37.23M	84.06M	167M	53.33M	58.02M
Cash from Investing	-741M	-2.52B	-1.35B	-3.7B	-3.63B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	7.77B	14.92B	9.19B	21.73B	19.38B
Total Debt Issued	7.77B	14.92B	9.19B	21.73B	19.38B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-9.77B	-16.63B	-10.05B	-23.33B	-16.81B
Total Debt Repaid	-9.77B	-16.63B	-10.05B	-23.33B	-16.81B
Issuance of Common Stock	-	1.4B	599M	1.4B	1.1B
Repurchase of Common Stock	-	-	-	-1.4B	-600M
Common Dividends Paid	-2.65B	-2.55B	-2.49B	-1.98B	-2.96B
Common & Preferred Stock Dividends Paid	-2.65B	-2.55B	-2.49B	-1.98B	-2.96B
Other Financing Activities, Total	-314M	-203M	-307M	-272M	-436M
Cash from Financing	-4.96B	-3.06B	-3.06B	-3.85B	-323M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-286M	-6.63M	-352M	-952M	123M
Supplemental Items
Cash Income Tax Paid (Refund)	2.41B	2.04B	1.94B	2.4B	1.34B
Net Debt Issued / Repaid	-2B	-1.71B	-858M	-1.6B	2.57B
Levered Free Cash Flow	2.74B	1.61B	-603M	638M	-963M
Unlevered Free Cash Flow	3.45B	2.24B	-61.82M	1.09B	-602M
Change In Net Working Capital	595M	-154M	2.27B	289M	316M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.49	5.49	3.77	6.76	2.67
Return on Total Capital	5.81	5.8	4.12	7.18	2.83
Return On Equity %	14.22	13.67	8.17	17.42	6.5
Return on Common Equity	14.79	14.07	8.07	17.9	6.59
Margin Analysis
Gross Profit Margin %	49.16	48.96	37.77	50.37	30.08
SG&A Margin	4.26	3.87	3.94	3.11	4.37
EBITDA Margin %	69.87	68.56	56.11	65.24	50.86
EBITA Margin %	43.9	43.69	32.25	45.9	24.66
EBIT Margin %	43.68	43.45	31.99	45.71	24.42
Income From Continuing Operations Margin %	26.52	27.8	18.96	34.29	17.31
Net Income Margin %	23.38	24.48	16.07	30.2	15.15
Net Avail. For Common Margin %	23.38	24.48	16.07	30.2	15.15
Normalized Net Income Margin	16.96	17.45	11.22	20.98	9.84
Levered Free Cash Flow Margin	30.28	17.96	-7.17	6.01	-11.9
Unlevered Free Cash Flow Margin	38.1	24.98	-0.73	10.28	-7.44
Asset Turnover
Asset Turnover	0.2	0.2	0.19	0.24	0.17
Fixed Assets Turnover	0.23	0.24	0.22	0.28	0.21
Receivables Turnover (Average Receivables)	8.71	7.71	6.04	7.36	5.29
Inventory Turnover (Average Inventory)	25.81	22.27	25.78	24.43	26.05
Short Term Liquidity