Financials Jiangsu New Energy Development Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 2025-07-18			5-day change	1st Jan Change
14.24 ^CNY	+2.23%		-1.04%	+44.57%

06-16	Jiangsu New Energy Development Connects Guoxin Liyang Power Station to Grid	MT
06-16	Jiangsu New Energy Development Names Chairman	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	1,857	1,971	1,946	-	2,026	2,146	2,312
Change	-	-	6.16%	-1.28%	-	-	5.89%	7.75%
EBITDA ¹	-	849.4	-	1,484	-	1,642	1,740	1,817
Change	-	-	-	-	-	-	6.01%	4.42%
EBIT ¹	-	461.7	694.3	664.2	-	670.4	736.3	788.9
Change	-	-	50.38%	-4.34%	-	-	9.84%	7.13%
Interest Paid ¹	-	-144.2	-293.8	-247.1	-	-244.4	-242.2	-239.6
Earnings before Tax (EBT) ¹	-	462.2	695.1	663.6	-	674.1	740.9	794.9
Change	-	-	50.38%	-4.53%	-	-	9.91%	7.29%
Net income ¹	153.7	309.3	475.9	472.4	416.9	452.9	497.6	537.6
Change	-	101.24%	53.85%	-0.75%	-11.75%	8.64%	9.86%	8.06%
Announcement Date	4/26/21	2/22/22	4/25/23	4/24/24	4/22/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	4/26/21	2/22/22	4/25/23	4/24/24	4/22/25	-	-	-

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	708.7	1,609	1,644	610.3	815	877.4
Change	-	127.06%	2.15%	-62.87%	33.55%	7.65%
Free Cash Flow (FCF) ¹	-317.5	-909.6	60.59	-355.8	-968.1	-522.3
Change	-	-186.47%	106.66%	-687.32%	-172.06%	46.05%
Announcement Date	4/27/20	4/26/21	4/6/22	4/25/23	4/24/24	4/22/25

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	45.75%	-	76.26%	-	81.01%	81.1%	78.59%
EBIT Margin (%)	-	24.87%	35.22%	34.13%	-	33.08%	34.32%	34.12%
EBT Margin (%)	-	24.89%	35.27%	34.11%	-	33.26%	34.53%	34.38%
Net margin (%)	-	16.66%	24.15%	24.28%	-	22.35%	23.19%	23.25%
FCF margin (%)	-	-47.42%	38.37%	5.34%	-	-	-	-
FCF / Net Income (%)	-	-284.6%	158.92%	22.01%	-	-	-	-
Profitability
ROA	-	2.29%	-	2.93%	-	-	-	-
ROE	-	6.42%	8.11%	7.58%	-	6.44%	6.69%	6.83%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	88.5%	30.95%	41.87%	-	-	-	-
CAPEX / EBITDA (%)	-	193.47%	-	54.91%	-	-	-	-
CAPEX / FCF (%)	-	-186.66%	80.67%	783.47%	-	-	-	-
Items per share
Cash flow per share ¹	-	0.9373	-	1.031	-	3.94	-1.39	4.53
Change	-	-	-	-	-	-	-135.28%	425.9%
Dividend per Share ¹	-	0.0769	0.15	0.15	-	-	-	-
Change	-	-	95.01%	0%	-	-	-	-
Book Value Per Share ¹	-	6.351	6.813	7.197	-	7.89	8.34	8.84
Change	-	-	7.26%	5.64%	-	-	5.7%	6%
EPS ¹	0.1923	0.3846	0.53	0.53	0.47	0.51	0.56	0.6
Change	-	100%	37.8%	0%	-11.32%	8.51%	9.8%	7.14%
Nbr of stocks (in thousands)	803,401	891,477	891,476	891,476	891,476	891,476	891,476	891,476
Announcement Date	4/26/21	2/22/22	4/25/23	4/24/24	4/22/25	-	-	-