Cash flow Sichuan Xichang Electric Power Co.,Ltd.

Equities

600505

CNE000001BF1

Electric Utilities

End-of-day quote Shanghai S.E. Other stock markets 2024-09-06			5-day change	1st Jan Change
8.060 ^CNY	-1.95%		-0.62%	-5.06%

08-08	Sichuan Xichang Electric Power Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
05-28	Xichang Electric Says Operations Unaffected by Recent Earthquake	MT

6dc39f8064207.DB3kyBfUWe35GL2dS5hW0N0lbhaMYNa-f6Qn53oqEaA.aFiAmmCTLoCSbfDxOO0fioQWC1zLUoH5TJVvpStjWPlHVrKYb7kvqLJq7A

Published financial data: SICHUAN XICHANG ELECTRIC POWER CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	937M	955M	1.07B	1.27B	1.4B
Other Revenues, Total	11.74M	7.23M	6.52M	9.62M	8.25M
Total Revenues	948M	962M	1.08B	1.28B	1.4B
Operations And Maintenance	-	-	-	-	-
Selling General & Admin Expenses, Total	107M	106M	130M	141M	151M
Provision for Bad Debts	1.2M	3.9M	3.71M	-1.44M	5.67M
Other Operating Expenses	759M	769M	870M	1.03B	1.22B
Total Operating Expenses	867M	879M	1B	1.17B	1.38B
Operating Income (REIT / Utility Template)	81.12M	83.14M	77.57M	113M	25.07M
Interest Expense, Total	-18.67M	-20.79M	-19.71M	-44.03M	-87.93M
Interest and Investment Income	1.9M	1.64M	1.73M	1.51M	2.48M
Net Interest Expenses	-16.77M	-19.14M	-17.98M	-42.52M	-85.45M
Income (Loss) on Equity Invest.	2.25M	561K	1.11M	1.16M	974K
Other Non Operating Income (Expenses)	-1.57M	-5.73M	-4.23M	-934K	-834K
EBT, Excl. Unusual Items	65.03M	58.83M	56.47M	70.26M	-60.23M
Gain (Loss) on Sale of Investments	-	-	-	-	-5.26M
Gain (Loss) on Sale of Assets	-114K	336K	-1.64M	-1.13M	-96.66K
Asset Writedown	-	-	-	-	-3.41M
Legal Settlements	-	-	-	-	25.79M
Other Unusual Items	-6.22M	-5.31M	7.98M	-4.75M	-8.64M
EBT, Incl. Unusual Items	58.69M	53.85M	62.81M	64.38M	-51.85M
Income Tax Expense	12.56M	13.18M	16.78M	18.78M	16.33M
Earnings From Continuing Operations	46.13M	40.68M	46.03M	45.61M	-68.18M
Net Income to Company	46.13M	40.68M	46.03M	45.61M	-68.18M
Minority Interest	-9.08M	-6.53M	-3.5M	-425K	23.58M
Net Income - (IS)	37.05M	34.15M	42.53M	45.18M	-44.61M
Net Income to Common Incl Extra Items	37.05M	34.15M	42.53M	45.18M	-44.61M
Net Income to Common Excl. Extra Items	37.05M	34.15M	42.53M	45.18M	-44.61M
Per Share Items
Net EPS - Basic	0.1	0.09	0.12	0.12	-0.12
Basic EPS - Continuing Operations	0.1	0.09	0.12	0.12	-0.12
Basic Weighted Average Shares Outstanding	365M	364M	364M	365M	364M
Net EPS - Diluted	0.1	0.09	0.12	0.12	-0.12
Diluted EPS - Continuing Operations	0.1	0.09	0.12	0.12	-0.12
Diluted Weighted Average Shares Outstanding	365M	364M	364M	365M	364M
Normalized Basic EPS	0.09	0.08	0.09	0.12	-0.04
Normalized Diluted EPS	0.09	0.08	0.09	0.12	-0.04
Dividend Per Share	0.03	0.03	0.04	0.04	0.01
Payout Ratio	192.72	232.3	210.6	188.66	-230.2
Supplemental Items
Utility Revenues	934M	952M	1.07B	1.27B	1.37B
Non Utility Revenues	2.63M	9.74M	8.79M	16.7M	39.49M
EBITDA	210M	231M	223M	286M	273M
EBITA	82.97M	85.17M	79.85M	115M	27.26M
EBIT	81.12M	83.14M	77.57M	113M	25.07M
EBITDAR	213M	234M	226M	288M	275M
Total Revenues (As Reported)	948M	962M	1.08B	1.28B	1.4B
Effective Tax Rate - (Ratio)	21.4	24.47	26.71	29.16	-31.49
Total Current Taxes	12.31M	15.15M	17.53M	19.29M	17.33M
Total Deferred Taxes	243K	-1.97M	-752K	-509K	-1.01M
Normalized Net Income	31.56M	30.24M	31.79M	43.49M	-14.07M
Interest Capitalized	34.27M	48.34M	60.24M	49.18M	729K
Interest on Long-Term Debt	66.15M	82.48M	-	-	74.34K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	26.16M	26.93M	34.11M	36.57M	36.03M
General and Administrative Expenses	81.33M	79.13M	96.33M	104M	115M
Net Rental Expense, Total	2.09M	2.28M	2.23M	2.12M	2.13M
Imputed Operating Lease Interest Expense	699K	790K	739K	705K	658K
Imputed Operating Lease Depreciation	1.39M	1.49M	1.49M	1.41M	1.47M
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	296M	293M	211M	286M	209M
Short Term Investments - (Utility / Insurance Templates)	-	500K	-	-	-
Accounts Receivable, Total	76.47M	92.33M	114M	179M	192M
Other Receivables	64.28M	66.89M	78.63M	28.14M	25.22M
Accounts Receivable (Summary Subtotal)	141M	159M	193M	207M	217M
Inventory - (Utility Template)	44.8M	36.54M	30.52M	32.13M	22.06M
Prepaid Expenses	-	-	-	-	265K
Other Current Assets, Total	162M	157M	103M	112M	63.74M
Total Current Assets	644M	646M	538M	637M	512M
Gross Property Plant And Equipment	3.97B	4.59B	5.26B	5.52B	5.63B
Accumulated Depreciation	-1.28B	-1.43B	-1.58B	-1.71B	-1.93B
Net Property Plant And Equipment	2.69B	3.16B	3.68B	3.81B	3.69B
Other Intangibles, Total	63.55M	62.87M	68.52M	66.29M	63.92M
Long-Term Investments - (Utility Template)	99.08M	90.46M	92.33M	96.5M	90.86M
Deferred Tax Assets Long-Term (Collected)	9.66M	11.64M	12.39M	12.9M	14.1M
Deferred Charges Long-Term	8.13M	7.47M	3.99M	3.4M	2.81M
Other Long-Term Assets, Total	7.1M	5.56M	6.31M	6.19M	13.88M
Total Assets	3.52B	3.98B	4.41B	4.63B	4.39B
Liabilities
Accounts Payable, Total	106M	200M	175M	139M	170M
Accrued Expenses, Total	40.44M	53.64M	66.79M	67.88M	119M
Short-Term Borrowings	-	-	75.08M	140M	35.02M
Current Portion of Long-Term Debt	27.36M	48.18M	94.74M	129M	139M
Current Portion of Leases	-	-	302K	356K	404K
Current Income Taxes Payable	3.03M	8.62M	9.34M	8.09M	11.06M
Unearned Revenue, Current	4.79M	232M	270M	327M	236M
Other Current Liabilities - (Bank / Utility Template)	467M	257M	268M	232M	202M
Total Current Liabilities	648M	799M	960M	1.04B	914M
Long-Term Debt	1.42B	1.69B	1.95B	2.09B	2.06B
Long-Term Leases	-	-	1.65M	1.49M	1.12M
Unearned Revenue Non Current	45.51M	40.49M	30M	25.18M	24.03M
Deferred Tax Liability Non-Current	8.41M	7.22M	7.52M	8.09M	8.75M
Other Non Current Liabilities, Total	3.7M	3.7M	2M	2M	2M
Total Liabilities	2.13B	2.54B	2.95B	3.17B	3.01B
Common Stock, Total	365M	365M	365M	365M	365M
Additional Paid In Capital	76.19M	75.24M	74.7M	74.08M	74.08M
Retained Earnings	688M	711M	743M	775M	716M
Comprehensive Income and Other	50.64M	43.97M	45.5M	53.23M	57.5M
Total Common Equity	1.18B	1.19B	1.23B	1.27B	1.21B
Minority Interest	211M	247M	231M	194M	169M
Total Equity	1.39B	1.44B	1.46B	1.46B	1.38B
Total Liabilities And Equity	3.52B	3.98B	4.41B	4.63B	4.39B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	365M	365M	365M	365M	365M
ECS Total Common Shares Outstanding	365M	365M	365M	365M	365M
Book Value / Share	3.24	3.28	3.37	3.48	3.33
Tangible Book Value	1.12B	1.13B	1.16B	1.2B	1.15B
Tangible Book Value Per Share	3.06	3.1	3.18	3.29	3.15
Total Debt	1.45B	1.74B	2.12B	2.36B	2.24B
Net Debt	1.15B	1.44B	1.91B	2.07B	2.03B
Debt Equivalent Oper. Leases	16.74M	18.21M	17.81M	16.94M	17.06M
Minority Interest, Total (Incl. Fin. Div)	211M	247M	231M	194M	169M
Equity Method Investments, Total	17.66M	16.99M	16.86M	17.21M	11.97M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	19.86M	18.63M	22.06M	18.73M	20.49M
Inventories - Work In Process, Total	25.1M	17.91M	8.46M	14.1M	2.63M
Buildings, Total	1.02B	1.05B	1.05B	2.64B	2.6B
Machinery, Total	1.88B	1.94B	2.03B	2.62B	199M
Full Time Employees	891	867	851	826	797
Accumulated Allowance for Doubtful Accounts (Supple)	11.53M	15.42M	18.2M	16.75M	22.23M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	37.05M	34.15M	42.53M	45.18M	-44.61M
Depreciation, Depletion & Amortization	127M	146M	144M	172M	246M
Amortization of Goodwill and Intangible Assets - (CF)	1.84M	2.03M	2.28M	2.17M	2.18M
Total Depreciation, Depletion & Amortization	129M	148M	146M	174M	248M
Amortization of Deferred Charges, Total	660K	660K	436K	846K	872K
(Gain) Loss On Sale of Asset - (CF)	-256K	-69.9K	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-2.25M	-561K	-1.11M	-1.16M	4.29M
Total Asset Writedown	370K	-266K	1.64M	1.13M	3.51M
Provision and Write-off of Bad Debts	1.2M	3.9M	3.71M	-1.44M	5.67M
Change in Accounts Receivable	-46.2M	-26.35M	-55.2M	-19.03M	-23.88M
Change In Inventories	-3.4M	8.43M	6.01M	-2.3M	-9.7M
Change in Accounts Payable	31.97M	51.85M	22.78M	65.09M	-56.77M
Change In Deferred Taxes	8.65M	-1.97M	-752K	-509K	-1.07M
Change in Other Net Operating Assets (Collected)	-5.01M	-5.01M	-10.5M	-4.82M	-3M
Other Operating Activities	41.63M	45.16M	39.75M	58.33M	77.89M
Cash from Operations	194M	258M	196M	315M	201M
Capital Expenditure	-512M	-440M	-548M	-312M	-128M
Sale of Property, Plant, and Equipment	501K	300	1.3K	73.6K	64.1K
Investment in Marketable and Equity Securities, Total	-	734K	500K	810K	-
Other Investing Activities, Total	-10M	-10M	-5.75M	-8.1M	82.38M
Cash from Investing	-522M	-449M	-553M	-319M	-45.13M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	405M	301M	419M	455M	226M
Total Debt Issued	405M	301M	419M	455M	226M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-55.01M	-27.36M	-51.68M	-229M	-362M
Total Debt Repaid	-55.01M	-27.36M	-51.68M	-229M	-362M
Common Dividends Paid	-71.41M	-79.32M	-89.57M	-85.24M	-103M
Common & Preferred Stock Dividends Paid	-71.41M	-79.32M	-89.57M	-85.24M	-103M
Other Financing Activities, Total	-6.86M	29.05M	-	-58.77M	-1.96M
Cash from Financing	272M	223M	277M	81.74M	-241M
Net Change in Cash	-55.56M	32.18M	-80.05M	77.71M	-84.56M
Supplemental Items
Cash Income Tax Paid (Refund)	78.16M	69.06M	89.19M	113M	93.75M
Net Debt Issued / Repaid	350M	273M	367M	226M	-136M
Levered Free Cash Flow	-379M	-127M	-300M	-131M	94.18M
Unlevered Free Cash Flow	-368M	-114M	-287M	-103M	149M
Change In Net Working Capital	36.41M	-125M	-65.14M	36.51M	-12M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.55	1.39	1.16	1.56	0.35
Return on Total Capital	1.93	1.73	1.44	1.9	0.42
Return On Equity %	3.4	2.87	3.17	3.12	-4.8
Return on Common Equity	3.23	2.88	3.51	3.62	-3.6
Margin Analysis
Gross Profit Margin %	21.01	21.15	20.6	20.79	13.8
SG&A Margin	11.33	11.03	12.06	10.99	10.72
EBITDA Margin %	22.19	24.04	20.65	22.26	19.4
EBITA Margin %	8.75	8.85	7.38	8.94	1.94
EBIT Margin %	8.55	8.64	7.17	8.77	1.78
Income From Continuing Operations Margin %	4.86	4.23	4.26	3.55	-4.85
Net Income Margin %	3.91	3.55	3.93	3.52	-3.18
Net Avail. For Common Margin %	3.91	3.55	3.93	3.52	-3.18
Normalized Net Income Margin	3.33	3.14	2.94	3.39	-1
Levered Free Cash Flow Margin	-40.01	-13.19	-27.72	-10.21	6.7
Unlevered Free Cash Flow Margin	-38.78	-11.84	-26.58	-8.06	10.62
Asset Turnover
Asset Turnover	0.29	0.26	0.26	0.28	0.31
Fixed Assets Turnover	0.38	0.33	0.32	0.34	0.37
Receivables Turnover (Average Receivables)	12.1	11.31	10.42	8.69	7.54
Inventory Turnover (Average Inventory)	17.38	18.65	25.61	32.45	44.68
Short Term Liquidity
Current Ratio	0.99	0.81	0.56	0.61	0.56
Quick Ratio	0.67	0.57	0.42	0.47	0.47
Operating Cash Flow to Current Liabilities	0.3	0.32	0.2	0.3	0.22
Days Sales Outstanding (Average Receivables)	30.17	32.36	35.04	41.99	48.44
Days Outstanding Inventory (Average Inventory)	21	19.62	14.25	11.25	8.17
Average Days Payable Outstanding	55.69	74.6	80.24	56.32	47.03
Cash Conversion Cycle (Average Days)	-4.53	-22.63	-30.94	-3.08	9.58
Long Term Solvency
Total Debt/Equity