Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 4.78B | 4.16B | 3.31B | 3.17B | 3.03B |
Gross Profit | 796.69M | 675.88M | 572.34M | 551.94M | 547.43M |
EBITDA | 666.84M | 618.58M | 504.00M | 474.62M | 447.49M |
Net Income | 400.02M | 339.00M | 301.44M | 269.56M | 256.03M |
Balance Sheet | |||||
Total Assets | 7.36B | 6.32B | 5.15B | 4.63B | 4.49B |
Cash, Cash Equivalents and Short-Term Investments | 569.90M | 500.26M | 770.09M | 589.98M | 664.80M |
Total Debt | 698.48M | 627.06M | 304.16M | 304.26M | 371.00M |
Total Liabilities | 3.68B | 2.92B | 1.96B | 1.64B | 1.64B |
Stockholders Equity | 3.61B | 3.36B | 3.15B | 2.98B | 2.84B |
Cash Flow | |||||
Free Cash Flow | ― | ― | -113.43M | 91.61M | 189.44M |
Operating Cash Flow | 602.89M | 622.30M | 561.35M | 415.69M | 476.30M |
Investing Cash Flow | ― | -1.19B | -541.48M | -143.44M | -426.64M |
Financing Cash Flow | 220.57M | 304.53M | 153.72M | -188.53M | -329.20M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
76 Outperform | HK$2.87B | 6.61 | 11.34% | 5.73% | 12.84% | 16.40% | |
62 Neutral | £5.94B | 6.61 | 6.40% | 5.71% | -1.30% | -60.09% | |
― | $488.98M | 5.33 | 9.47% | 6.03% | ― | ― | |
― | $330.72M | 24.07 | 1.64% | 9.80% | ― | ― | |
57 Neutral | HK$3.84B | 13.52 | 2.06% | ― | -10.89% | -24.84% | |
52 Neutral | HK$1.84B | ― | -3.98% | 1.57% | -5.93% | -37.74% | |
40 Underperform | HK$745.90M | ― | ― | -4.32% | 14.13% |
Sichuan Energy Investment Development Co., Ltd., a joint stock company incorporated in China, has announced a change in its Nomination Committee. Mr. Chen Chuan has stepped down, and Ms. He Yin has been appointed as a new member. This change aligns with upcoming amendments to the Listing Rules and Corporate Governance Code, effective from July 2025. The company believes these adjustments will enhance board effectiveness and diversity, reinforcing its commitment to strong corporate governance practices.
Sichuan Energy Investment Development Co., Ltd. has announced the composition of its board of directors and their respective roles within the company. The board is comprised of executive, non-executive, and independent non-executive directors, each serving on various committees such as the Remuneration and Evaluation Committee, Audit Committee, Nomination Committee, and Risk Control Committee. This announcement provides clarity on the governance structure and leadership roles within the company, potentially impacting its strategic direction and operational oversight.
Sichuan Energy Investment Development Co., Ltd., a joint stock company incorporated in China, has announced a class meeting for holders of H Shares to discuss proposed amendments to its Articles of Association and Rules of Procedure of General Meetings. These amendments are subject to approval by special resolutions at the upcoming Annual General Meeting and subsequent Class Meetings. The meeting is scheduled to take place on June 18, 2025, in Chengdu, Sichuan Province, immediately following the company’s 2024 annual general meeting. Shareholders are encouraged to participate and vote on the proposed changes, which aim to refine the company’s governance framework.
Sichuan Energy Investment Development Co., Ltd. has announced a Domestic Shareholders Class Meeting to discuss and approve proposed amendments to its Articles of Association and the Rules of Procedure for General Meetings. These amendments are subject to approval by special resolutions at the upcoming Annual General Meeting and Class Meetings, reflecting the company’s commitment to updating its governance framework.
Sichuan Energy Investment Development Co., Ltd. has announced its 2024 Annual General Meeting (AGM), scheduled for June 18, 2025, in Chengdu, Sichuan Province. The AGM will address various resolutions, including the approval of reports and financial plans for 2024, the re-appointment of auditors, and proposed amendments to company procedures. These resolutions and plans are crucial for the company’s operational and strategic direction, impacting its stakeholders and positioning in the energy industry.
Sichuan Energy Investment Development Co., Ltd. has announced proposed amendments to its Articles of Association and various procedural rules, including those for board meetings, general meetings, and the supervisory committee. These changes are in response to recent regulatory updates, including the new Company Law and changes to the Listing Rules in Hong Kong, and aim to align the company’s governance with these new standards. The amendments are subject to shareholder approval, with a detailed circular to be dispatched to shareholders ahead of the 2024 annual general meeting.
Sichuan Energy Investment Development Co., Ltd. announced a connected transaction involving a Construction Agreement with SEI Intelligent Logistics, a related entity. The agreement, valued at RMB3,381,544.52, involves Sichuan Energy Investment Development Construction providing construction services for a project that includes building a new distribution room and installing electrical equipment. The transaction is subject to reporting and announcement requirements under the Hong Kong Listing Rules but is exempt from circular and independent shareholders’ approval due to its size. This agreement underscores the company’s strategic focus on enhancing its infrastructure capabilities and maintaining compliance with regulatory standards.
Sichuan Energy Investment Development Co., Ltd. announced adjustments to its income model due to a new policy by the Sichuan Provincial Development and Reform Commission. The policy reform shifts the company’s income from a buy-sell margin model to a transmission and distribution tariff model, impacting how the company negotiates electricity pricing and its revenue structure. This change has led to delays in finalizing agreements for rural power grid asset management and usage, as the company aligns with the new regulatory framework.
Sichuan Energy Investment Development Co., Ltd. has entered into a subcontracting agreement with Sun Technology for the construction of an information system project valued at RMB11,873,557. This project involves developing smart building systems and relocating existing systems for the Xingwen County Comprehensive Information Dispatch Center Building. The transaction is classified as a connected transaction under the Hong Kong Stock Exchange Listing Rules due to Sun Technology’s association with a controlling shareholder of the company. The agreement is subject to reporting requirements but is exempt from circular and independent shareholder approval, indicating a streamlined process for project execution.
Sichuan Energy Investment Development Co., Ltd. announced its audited financial results for the year ending December 31, 2024, showing an increase in operating revenue to RMB 4.78 billion from RMB 4.16 billion in 2023. The company’s net profit rose to RMB 401.25 million, reflecting a robust performance despite increased operating costs and administrative expenses, indicating strong operational efficiency and potential positive implications for stakeholders.
Sichuan Energy Investment Development Co., Ltd. has announced a final cash dividend of RMB 0.14 per share for the financial year ending December 31, 2024. The dividend is subject to shareholder approval on June 18, 2025, with payment scheduled for July 21, 2025. The announcement includes details on withholding tax rates for non-resident shareholders, with the company set to withhold taxes based on applicable tax treaties with the PRC. This move reflects the company’s commitment to shareholder returns and compliance with international tax regulations.
Sichuan Energy Investment Development Co., Ltd. has announced its intention to enter into a 2025-2027 Rural Power Grid Assets Usage Agreement with Hydropower Group, a controlling shareholder. This agreement will allow the company to use certain rural power grid projects to supply electricity to remote areas, enhancing accessibility. The transactions under this agreement are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval.
Sichuan Energy Investment Development Co., Ltd. has entered into two agreements with its controlling shareholder, Hydropower Group, to manage and use rural power grid assets for the year 2024. These agreements, which are considered continuing connected transactions, involve the retrospective acknowledgment and confirmation of transaction amounts for management, maintenance, and usage fees, and are subject to certain reporting and review requirements under the Hong Kong Listing Rules.
Sichuan Energy Investment Development Co., Ltd. has announced a board meeting scheduled for March 26, 2025, to discuss and approve the company’s final results for the year ending December 31, 2024. The meeting will also consider the payment of a final dividend, which could impact the company’s financial distribution to stakeholders.
Sichuan Energy Investment Development Co., Ltd. announced a connected transaction involving the disposal of approximately 49.0% equity interests in Pingshan Jinping. This transaction, valued at RMB12,020,572.63, involves Pingshan Electricity, a wholly-owned subsidiary of the company, selling its entire shareholding in Pingshan Jinping to Jinjiao Real Estate Development. The transaction is subject to certain reporting and announcement requirements under the Hong Kong Stock Exchange Listing Rules but is exempt from the need for circular and independent shareholders’ approval. This strategic move will result in the company no longer holding any equity interest in Pingshan Jinping, potentially impacting its investment portfolio and operational focus.
Sichuan Energy Investment Development Co., Ltd. announced that the Executive has granted a waiver for the company from the obligation to make a mandatory general offer for all shares not owned or agreed to be acquired by it, following a restructuring process. This waiver, granted on February 27, 2025, allows the company to proceed with its restructuring without the need for a general offer, potentially stabilizing its market position and providing clarity to stakeholders.
Sichuan Energy Investment Development Co., Ltd. announced the completion of a strategic restructuring involving its controlling shareholder. The restructuring resulted in the transfer of assets, liabilities, and operational responsibilities from Energy Investment Group and Sichuan Provincial Investment Group to Sichuan Energy Development Group. Despite the change in controlling shareholder, the ultimate control remains with SASAC of SPG, and the company’s operations continue as normal. This restructuring is expected to streamline operations and potentially enhance the company’s market positioning.
Sichuan Energy Investment Development Co., Ltd. has proposed a change in the allocation of its net proceeds from a previous global offering. The decision comes as the company adopts a more cautious approach to acquiring power-related assets, resulting in the reallocation of approximately RMB37 million to replenish working capital. This move aims to enhance financial efficiency and operational capabilities without adversely affecting existing operations, aligning with the company’s long-term interests and benefiting shareholders.