CHINA LONGYUAN POWER GROUP CORPORATION LIMITED

Cash flow China Longyuan Power Group Corporation Limited

Equities

916 CNE100000HD4

Electric Utilities

Market Closed - Hong Kong S.E. Other stock markets 04:08:16 2024-09-16 am EDT			5-day change	1st Jan Change
5.390 ^HKD	+0.37%		-1.64%	-8.95%

07:34am	China Longyuan Power Issues 2 Billion Yuan Bond	MT
Sep. 13	China Longyuan Power's Power Generation Rises 7% in August	MT

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Published financial data: CHINA LONGYUAN POWER GROUP CORPORATION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	27.54B	28.67B	37.2B	39.86B	37.64B
Total Revenues	27.54B	28.67B	37.2B	39.86B	37.64B
Operations And Maintenance	820M	924M	959M	1.01B	1.19B
Selling General & Admin Expenses, Total	564M	607M	735M	766M	830M
Depreciation & Amortization - (IS) - (Collected)	7.63B	7.73B	8.29B	10.26B	10.78B
Provision for Bad Debts	-	-	-	-	75.58M
Other Operating Expenses	8.58B	8.81B	14.42B	13.89B	10.83B
Total Operating Expenses	17.59B	18.07B	24.41B	25.93B	23.71B
Operating Income (REIT / Utility Template)	9.95B	10.59B	12.78B	13.94B	13.92B
Interest Expense, Total	-3.24B	-2.97B	-3.08B	-3.5B	-3.41B
Interest and Investment Income	136M	201M	165M	195M	249M
Net Interest Expenses	-3.1B	-2.77B	-2.92B	-3.31B	-3.16B
Income (Loss) on Equity Invest.	-10.23M	-51.08M	-577M	-419M	27.5M
Currency Exchange Gains (Loss)	-3.97M	33.35M	-52.39M	-422M	-173M
Other Non Operating Income (Expenses)	-321M	-266M	-546M	-66.54M	-55.11M
EBT, Excl. Unusual Items	6.51B	7.54B	8.69B	9.72B	10.57B
Gain (Loss) on Sale of Investments	-59.68M	-77M	290M	4.2M	-51.27M
Gain (Loss) on Sale of Assets	-	405M	23.58M	1.73M	-6.15M
Asset Writedown	-1.51M	-942M	-256M	-2.04B	-2.11B
Other Unusual Items	-	-	8.8M	2.21M	-
EBT, Incl. Unusual Items	6.45B	6.92B	8.76B	7.68B	8.4B
Income Tax Expense	1.13B	1.24B	1.49B	1.55B	1.53B
Earnings From Continuing Operations	5.32B	5.69B	7.27B	6.13B	6.87B
Net Income to Company	5.32B	5.69B	7.27B	6.13B	6.87B
Minority Interest	-753M	-661M	-854M	-997M	-513M
Net Income - (IS)	4.57B	5.02B	6.41B	5.13B	6.36B
Preferred Dividend and Other Adjustments	242M	299M	254M	228M	155M
Net Income to Common Incl Extra Items	4.32B	4.73B	6.16B	4.9B	6.2B
Net Income to Common Excl. Extra Items	4.32B	4.73B	6.16B	4.9B	6.2B
Per Share Items
Net EPS - Basic	0.54	0.59	0.77	0.59	0.74
Basic EPS - Continuing Operations	0.54	0.59	0.77	0.59	0.74
Basic Weighted Average Shares Outstanding	8.04B	8.04B	8.04B	8.36B	8.38B
Net EPS - Diluted	0.54	0.59	0.77	0.59	0.74
Diluted EPS - Continuing Operations	0.54	0.59	0.77	0.59	0.74
Diluted Weighted Average Shares Outstanding	8.04B	8.04B	8.04B	8.36B	8.38B
Normalized Basic EPS	0.41	0.5	0.57	0.61	0.73
Normalized Diluted EPS	0.41	0.5	0.57	0.61	0.73
Dividend Per Share	0.11	0.12	0.15	0.12	0.22
Payout Ratio	17.19	17.21	14.74	24.01	18.53
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
Utility Revenues	23B	24.05B	28.73B	32.72B	33.56B
Non Utility Revenues	5.39B	5.9B	9.61B	8.34B	5.4B
EBITDA	17.42B	18.17B	20.94B	24.04B	24.47B
EBITA	10.44B	11.08B	13.29B	14.53B	14.51B
EBIT	9.95B	10.59B	12.78B	13.94B	13.92B
EBITDAR	17.46B	18.22B	21B	24.13B	24.59B
Effective Tax Rate - (Ratio)	17.53	17.86	17	20.23	18.22
Total Current Taxes	1.09B	1.29B	1.48B	1.68B	1.83B
Total Deferred Taxes	36.29M	-57.78M	12.75M	-129M	-304M
Normalized Net Income	3.32B	4.05B	4.58B	5.08B	6.09B
Interest Capitalized	305M	510M	405M	216M	358M
Interest on Long-Term Debt	1.15B	1.12B	1.29B	1.16B	1.24B
Supplemental Operating Expense Items
General and Administrative Expenses	564M	557M	735M	766M	830M
Net Rental Expense, Total	34.58M	50.28M	58.24M	84.55M	119M
Imputed Operating Lease Interest Expense	12.7M	16.48M	17.31M	22.29M	29.27M
Imputed Operating Lease Depreciation	21.87M	33.8M	40.93M	62.26M	89.64M
Maintenance & Repair Expenses, Total	820M	924M	959M	1.01B	1.19B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.91B	5.23B	3.62B	18.34B	4.53B
Short Term Investments - (Utility / Insurance Templates)	75.89M	111M	-	-	-
Trading Asset Securities, Total	174M	193M	742M	449M	459M
Accounts Receivable, Total	16.37B	21.6B	27.09B	27.66B	35.73B
Other Receivables	347M	438M	585M	349M	302M
Accounts Receivable (Summary Subtotal)	16.71B	22.04B	27.67B	28.01B	36.03B
Inventory - (Utility Template)	819M	806M	752M	750M	727M
Notes Receivable (Collected)	928M	1.24B	409M	82.28M	77.52M
Other Current Assets, Total	1.41B	1.57B	2.67B	5.24B	3.18B
Total Current Assets	23.03B	31.18B	35.87B	52.86B	45.01B
Gross Property Plant And Equipment	170B	187B	205B	238B	261B
Accumulated Depreciation	-52.05B	-59.33B	-66.72B	-82.63B	-93.71B
Net Property Plant And Equipment	118B	128B	138B	155B	168B
Goodwill	61.49M	61.49M	61.49M	196M	196M
Other Intangibles, Total	7.67B	7.42B	6.9B	6.29B	5.14B
Long-Term Investments - (Utility Template)	5.41B	4.81B	4.84B	4.06B	6.23B
Loans Receivable Long-Term - (Utility Template)	73.99M	118M	49.4M	48.6M	42.42M
Deferred Tax Assets Long-Term (Collected)	157M	210M	249M	540M	854M
Other Long-Term Assets, Total	2.64B	3.7B	3.94B	3.82B	4.68B
Total Assets	157B	175B	190B	223B	230B
Liabilities
Accounts Payable, Total	3.41B	3.62B	4.08B	2.94B	7.25B
Accrued Expenses, Total	3.18B	1.83B	2.66B	5.79B	2.23B
Short-Term Borrowings	21.62B	26.24B	24.15B	33.41B	33.68B
Current Portion of Long-Term Debt	7.47B	11.87B	15.98B	19.9B	15.84B
Current Portion of Leases	92.13M	25.42M	37.32M	267M	176M
Current Income Taxes Payable	230M	328M	288M	413M	458M
Unearned Revenue, Current	216M	357M	159M	180M	143M
Other Current Liabilities - (Bank / Utility Template)	7.32B	8.65B	11.2B	11.14B	11.47B
Total Current Liabilities	43.54B	52.91B	58.55B	74.03B	71.25B
Long-Term Debt	48.88B	52.6B	55.07B	66.36B	72.78B
Long-Term Leases	744M	575M	1.06B	711M	1.47B
Unearned Revenue Non Current	1.32B	1.21B	1.1B	966M	845M
Deferred Tax Liability Non-Current	263M	173M	200M	259M	260M
Other Non Current Liabilities, Total	1.4B	1.38B	1.56B	1.15B	1.28B
Total Liabilities	96.15B	109B	118B	143B	148B
Common Stock, Total	8.04B	8.04B	8.04B	8.38B	8.38B
Retained Earnings	25.4B	29.26B	34.47B	40.5B	45.63B
Treasury Stock	-	-	-	-	-56.65M
Comprehensive Income and Other	19.49B	20.39B	20.42B	19.57B	16.63B
Total Common Equity	52.92B	57.69B	62.93B	68.45B	70.58B
Minority Interest	7.73B	8.76B	9.39B	11.3B	11.45B
Total Equity	60.66B	66.45B	72.32B	79.74B	82.03B
Total Liabilities And Equity	157B	175B	190B	223B	230B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.04B	8.04B	8.38B	8.38B	8.36B
ECS Total Common Shares Outstanding	8.04B	8.04B	8.04B	8.38B	8.37B
Book Value / Share	5.96	6.43	7.08	7.56	8.19
Tangible Book Value	45.19B	50.2B	55.97B	61.96B	65.25B
Tangible Book Value Per Share	5	5.49	6.21	6.79	7.55
Total Debt	78.81B	91.31B	96.29B	121B	124B
Net Debt	75.65B	85.78B	91.93B	102B	119B
Debt Equivalent Oper. Leases	277M	402M	466M	676M	951M
Minority Interest, Total (Incl. Fin. Div)	7.73B	8.76B	9.39B	11.3B	11.45B
Equity Method Investments, Total	4.33B	4.06B	4.17B	3.8B	5.99B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	157M	166M	146M	758M	736M
Inventories - Others	662M	640M	607M	-	-
Land - (BS)	12.31B	12.81B	-	-	-
Buildings, Total	-	-	14.59B	18.63B	19.2B
Machinery, Total	138B	142B	165B	197B	213B
Full Time Employees	7.83K	7.96K	8.05K	8.84K	8.75K
Accumulated Allowance for Doubtful Accounts (Supple)	12.42M	33.45M	237M	291M	358M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.57B	5.02B	8.76B	7.68B	8.4B
Depreciation, Depletion & Amortization	7.11B	7.21B	7.78B	9.65B	10.19B
Amortization of Goodwill and Intangible Assets - (CF)	496M	490M	503M	598M	585M
Total Depreciation, Depletion & Amortization	7.61B	7.7B	8.29B	10.25B	10.77B
Amortization of Deferred Charges, Total	24.42M	35.46M	9.93M	11.32M	12.44M
(Gain) Loss On Sale of Asset - (CF)	-	-405M	-23.58M	-1.73M	6.15M
(Gain) Loss on Sale of Investments - (CF)	13.22M	-38.28M	-197M	108M	48.57M
Total Asset Writedown	1.51M	942M	256M	2.04B	2.11B
(Income) Loss On Equity Investments - (CF)	10.23M	51.08M	577M	419M	-27.5M
Provision and Write-off of Bad Debts	-	-	-	-7.77M	75.58M
Change in Trading Asset Securities	-	-	-	-	-
Change in Accounts Receivable	-5.82B	-5.24B	-5.48B	2.6B	-11.14B
Change In Inventories	32.76M	12.45M	53.31M	7.05M	20.47M
Change in Accounts Payable	1.54B	-894M	1.05B	2.38B	-
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	694M	1.46B	2.27B	2.07B	1.99B
Other Operating Activities	3.84B	3.62B	1.2B	2.04B	1.63B
Cash from Operations	12.52B	12.27B	16.76B	29.61B	13.88B
Capital Expenditure	-11.79B	-20.21B	-17.68B	-22.32B	-21.11B
Sale of Property, Plant, and Equipment	22.46M	416M	482M	18.72M	1M
Cash Acquisitions	-119M	-370M	-774M	3.36B	-
Divestitures	-	46.29M	-11.4M	-	-7.05M
Investment in Marketable and Equity Securities, Total	-29.41M	-38.69M	-978M	555M	-2.39B
Net (Increase) Decrease in Loans Originated / Sold - Investing	500M	-258M	345M	127M	2.01M
Other Investing Activities, Total	639M	441M	146M	-747M	2.07B
Cash from Investing	-10.77B	-19.98B	-18.47B	-19.01B	-21.43B
Long-Term Debt Issued, Total	54.3B	91.32B	117B	170B	150B
Total Debt Issued	54.3B	91.32B	117B	170B	150B
Long-Term Debt Repaid, Total	-51.76B	-77.71B	-113B	-155B	-151B
Total Debt Repaid	-51.76B	-77.71B	-113B	-155B	-151B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-56.78M
Common Dividends Paid	-785M	-865M	-945M	-1.23B	-1.18B
Common & Preferred Stock Dividends Paid	-785M	-865M	-945M	-1.23B	-1.18B
Other Financing Activities, Total	-3.45B	-2.74B	-3.41B	-9.19B	-3.87B
Cash from Financing	-1.7B	10B	94.54M	3.84B	-6.26B
Foreign Exchange Rate Adjustments	6.65M	26.25M	6.86M	-11.12M	5.17M
Net Change in Cash	47.18M	2.32B	-1.61B	14.43B	-13.81B
Supplemental Items
Cash Interest Paid	3.3B	3.23B	3.45B	3.77B	3.48B
Cash Income Tax Paid (Refund)	1.06B	1.05B	1.59B	1.57B	1.79B
Net Debt Issued / Repaid	2.53B	13.6B	4.45B	14.26B	-1.16B
Levered Free Cash Flow	-2.12B	-13.09B	-5.56B	-3.77B	-8.81B
Unlevered Free Cash Flow	-93.12M	-11.23B	-3.63B	-1.58B	-6.68B
Change In Net Working Capital	2.16B	5.37B	2.24B	-1.77B	5.06B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.1	3.99	4.38	4.06	3.84
Return on Total Capital	4.58	4.45	4.9	4.54	4.28
Return On Equity %	9.08	8.95	10.47	7.77	8.49
Return on Common Equity	8.47	8.55	10.21	7.18	8.92
Margin Analysis
Gross Profit Margin %	75.11	75.44	67.39	72	79.1
SG&A Margin	10.59	11.35	10.13	10.89	12.63
EBITDA Margin %	63.27	63.37	56.29	60.32	65.02
EBITA Margin %	37.92	38.66	35.72	36.46	38.55
EBIT Margin %	36.12	36.95	34.36	34.96	36.99
Income From Continuing Operations Margin %	19.32	19.83	19.54	15.38	18.25
Net Income Margin %	16.58	17.53	17.24	12.87	16.88
Net Avail. For Common Margin %	15.7	16.49	16.56	12.3	16.47
Normalized Net Income Margin	12.04	14.12	12.31	12.74	16.18
Levered Free Cash Flow Margin	-7.68	-45.65	-14.94	-9.45	-23.41
Unlevered Free Cash Flow Margin	-0.34	-39.17	-9.77	-3.95	-17.76
Asset Turnover
Asset Turnover