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Zhejiang Provincial New Energy Investment Group Co Ltd

Zhejiang Provincial New Energy Investment Group Co Ltd

600032 · SHG · Utilities / Utilities - Renewable

6.92CNY-0.01 (-0.14%)

Price History

Full chart

Market Stats

Previous Close6.93
Open6.94
Day Range6.87 – 7.02
52-Week Range6.28 – 14.02
Volume15.48M
Market Cap18.52B
P/E (TTM)51.33
Forward P/E0.00
EPS0.15
Dividend Yield0.52%
Beta0.26
50-Day Avg7.15
200-Day Avg8.37

About

Zhejiang Provincial New Energy Investment Group Co., Ltd. engages in the investment, development, construction, operation, and management of renewable energy projects in China. The company is involved in wind power, photovoltaics, hydropower, hydrogen energy, and energy storage projects. It engages in sale of electricity; investment management business; offers scientific research and technical services; and leasing and business services. As of December 31, 2025, the company has a total installed capacity of 6,907,600 kilowatts, including 1,132,800 kilowatts of hydropower, 3,641,600 kilowatts of photovoltaics, and 2,133,200 kilowatts of wind power comprising 1,230,000 kilowatts onshore wind power and 0.9032 million kilowatts offshore wind power. The company was founded in 2002 and is headquartered in Hangzhou, China. Zhejiang Provincial New Energy Investment Group Co., Ltd. operates as a subsidiary of Zhejiang Provincial Energy Group Company Ltd.

Company Details

  • SectorUtilities
  • IndustryUtilities - Renewable
  • CEOMr. Linhai Lu
  • Employees1.14K
  • HeadquartersNo. 8 Fengqi East Road, Hangzhou, China, 310020, China

Leadership

  • Mr. Linhai LuGM & Director · b. 1979
  • Mr. Shanhui XiaChief Financial Officer
  • Mr. Jian ZhangDeputy General Manager & General Counsel · b. 1983
  • Mr. Cai Meng YuDeputy General Manager · b. 1975
  • Mr. Zhong Yuan ChenDeputy General Manager · b. 1972
  • Mr. Li ZhangDeputy GM & Board Secretary · b. 1979
  • Di Ping FuAccounting Supervisor
  • Jingdong YangVice President

Financials

Income Statement

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.22B935.65M1.25B2.10B2.35B3.23B4.60B4.52B4.96B4.88B
Growth (%)--23.47%+33.67%+68.10%+11.61%+37.86%+42.14%-1.62%+9.68%-1.72%
Cost of Revenue415.57M378.03M600.91M804.89M1.08B1.30B2.11B2.21B2.70B2.93B
Gross Profit807.09M557.62M649.79M1.30B1.26B1.93B2.49B2.31B2.26B1.94B
Gross Margin66.01%59.60%51.95%61.72%53.91%59.74%54.05%51.15%45.64%39.86%
Operating Expense97.35M134.85M445.54M509.55M659.62M864.43M1.21B1.20B1.26B363.90M
Operating Income709.74M422.76M204.25M787.94M605.35M1.07B1.28B1.11B999.77M1.58B
Operating Margin58.05%45.18%16.33%37.48%25.80%33.02%27.77%24.55%20.15%32.40%
EBITDA995.86M676.42M921.54M1.66B1.81B2.52B3.65B3.52B3.74B4.25B
EBITDA Margin81.45%72.29%73.68%78.77%77.02%77.93%79.47%77.88%75.46%87.15%
Net Income438.24M252.97M150.52M407.51M283.72M689.25M775.84M627.15M566.50M505.93M
Net Income Margin35.84%27.04%12.03%19.38%12.09%21.31%16.87%13.86%11.42%10.38%
R&D----4.91M20.49M20.87M11.06M12.85M11.79M
R&D as % of Total Revenue----0.21%0.63%0.45%0.24%0.26%0.24%
Interest Expense147.37M138.36M348.87M429.98M583.70M713.19M1.19B1.01B1.01B969.69M
Interest Expense % of Total Revenue12.05%14.79%27.89%20.45%24.88%22.05%25.83%22.42%20.28%19.89%

Balance Sheet

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets7.98B8.43B17.27B24.19B29.77B41.28B46.64B52.93B58.90B58.66B
Total Liabilities3.42B3.77B9.81B14.49B19.65B29.36B32.35B34.65B40.12B39.18B
Total Equity3.63B3.75B5.73B6.28B6.57B7.71B8.63B12.10B12.43B12.81B
Cash605.32M431.28M2.63B1.30B1.04B3.84B2.41B2.42B1.88B2.59B
Total Debt2.63B3.00B8.20B11.41B16.22B22.25B26.30B24.69B29.71B-
Net Debt2.03B2.57B5.57B10.12B15.18B18.42B23.89B22.27B27.83B25.85B

Cash Flow

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow844.80M527.04M646.02M1.20B1.22B1.16B2.91B2.46B2.82B4.50B
Investing Cash Flow-118.75M-576.37M-1.52B-3.23B-4.86B-3.46B-5.53B-4.80B-2.58B-
Financing Cash Flow-925.67M-143.75M3.06B651.82M3.43B5.10B1.21B2.36B-808.44M-
Capital Expenditure241.28M518.34M539.85M3.11B4.73B2.73B3.21B4.17B1.48B2.68B
Free Cash Flow603.52M8.70M106.17M-1.90B-3.51B-1.57B-303.69M-1.71B1.34B1.82B
Dividends Paid258.24M252.01M531.64M431.28M637.59M761.35M93.60M166.40M1.24B990.95M
FCF to OCF71.44%1.65%16.43%-158.36%-288.99%-135.49%-10.43%-69.41%47.52%40.35%
Dividend Paid to FCF42.79%2895.18%500.76%-22.64%-18.15%-48.47%-30.82%-9.75%92.51%54.58%

Earnings

Report DateAug 28, 2021Oct 28, 2021Dec 31, 2021Apr 28, 2022Aug 29, 2022Oct 20, 2022Dec 31, 2022Apr 27, 2023Aug 27, 2026
EPS Estimate--------140.00
EPS Actual0.090.090.020.100.230.08-0.04-0.040.05
Surprise---------99.96%
TimingPre-marketAfter-hours-After-hoursAfter-hoursAfter-hours-Pre-marketPre-market

Key Statistics & Ratios

Market Cap18.52B
Enterprise Value46.91B
Trailing P/E51.33
Forward P/E0.00
Price / Sales3.99
Price / Book1.26
EPS0.15
Book Value5.39
Revenue (TTM)4.65B
Gross Profit (TTM)1.66B
EBITDA3.80B
Profit Margin7.97%
Operating Margin32.85%
Return on Equity2.97%
Return on Assets1.51%
Shares Outstanding2.40B
Shares Float466.34M
Beta0.26
Dividend Yield0.52%
Dividend Rate0.04
Payout Ratio94.00%

Dividends

20261×
0.03Jun 11, 2026
20252×
0.04Sep 22, 20250.01Jun 12, 2025
20242×
0.06Sep 23, 20240.07Jul 5, 2024
20231×
0.07Jul 6, 2023
20221×
0.04Jul 7, 2022