Shenzhen Energy Group (000027) H2 2024 earnings summary

Executive summary

• Achieved operating revenue of ¥41.21 billion, up 1.75% year-over-year, driven by growth in the gas segment and external customer expansion.

• Net profit attributable to shareholders was ¥2.01 billion, down 1.99% year-over-year, with a notable decline in recurring profit due to lower power prices and higher costs.

• Clean energy installed capacity reached 74.63% of total, with significant new investments in gas, wind, and solar power.

• The company maintained a stable dividend policy, proposing a cash dividend of ¥1.50 per 10 shares.

Financial highlights

• Operating revenue: ¥41.21 billion, up 1.75% year-over-year.

• Net profit attributable to shareholders: ¥2.01 billion, down 1.99% year-over-year.

• Basic and diluted EPS: ¥0.28, up 3.7% year-over-year.

• Net cash flow from operating activities: ¥9.61 billion, down 19.43% year-over-year.

• Total assets: ¥161.37 billion, up 5.16% from previous year-end.

• Net assets per share: ¥6.50, up 5.84% year-over-year.

Outlook and guidance

• 2025 is set as a “Year of Capability Building,” focusing on strategic planning, innovation, and operational excellence.

• Plans to accelerate clean energy and environmental business, optimize energy structure, and enhance digital transformation.

• Emphasis on risk management, cost control, and maintaining stable cash flow.