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    Electric utilities
SDIC Power Holdings Co., Ltd. Class A

SDIC Power Holdings Co., Ltd. Class A

19.40
USD
0.00
(0.00%)
2.04EPS
17.19P/E
15.53BMarket Cap
Oct 23Next Earn
SDIC Power Holdings Co., Ltd. Class A
IOB:SDIC
(London Stock Exchange (International))

Recent

price

19.40

P/E

ratio

17.19

div

yld

3.91%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
36.13
48.51
42.39
45.14
48.57
46.09
43.13
46.63
60.44
62.53
56.45
58.71
67.73
76.08
77.57
67
61.09
Revenue per Share
1.04
0.68
1.87
5.27
8.25
8
5.77
4.76
6.43
7.01
7.92
3.29
5.47
8.99
8.91
9.34
7.66
Basic EPS, GAAP
-16.43
-21.98
-19.51
-1.33
10.17
9.67
2.59
9.56
13.22
15.19
15.15
7.18
9.07
1.36
3.88
12.8
- -
Free Cash Flow per Basic Share
7.67
9.74
10.24
11.74
11.8
13.06
11.39
10.74
10.77
11.45
10.77
10.24
8.85
9.41
11.4
9.96
5.15
Dividend per Share
18.29
21.2
21.81
27.2
34.11
39.17
42.26
45.03
55.52
59.51
67.83
69.06
73.13
79.24
83.16
90.75
89.89
Book Value per Share
15.93
18.61
16.98
22.89
26.39
31.78
34.69
37.79
48.43
51.86
60.99
61.37
65.37
70.84
74.39
82.53
79.19
Tangible Book Value per Share
484
486
563
628
679
679
679
679
679
679
697
745
745
745
745
791
800
Basic Weighted Avg Shares
17,475
23,569
23,867
28,339
32,957
31,280
29,271
31,643
41,011
42,433
39,320
43,766
50,489
56,712
57,819
53,014
48,903
Sales/Revenue/Turnover
17.65
13.62
21.6
36.74
46.91
47.88
43.63
38.56
35.55
33.69
38.22
25
27.36
31.25
32.13
34.27
30.61
Operating Margin (%)
2,907
3,275
3,395
4,479
5,412
6,100
6,064
6,564
7,166
7,529
7,180
8,595
9,629
9,887
10,385
10,509
- -
Depreciation Expense
504
332
1,054
3,305
5,600
5,428
3,916
3,232
4,364
4,755
5,516
2,456
4,081
6,705
6,643
7,393
6,128
Net Income, GAAP
23.17
27.23
12.96
10.67
7.15
8
11.86
12.71
13.9
15.37
16.51
20.84
18.58
14.46
23.44
17.51
15.79
Effective Tax Rate (%)
2.89
1.41
4.42
11.66
16.99
17.35
13.38
10.21
10.64
11.21
14.03
5.61
8.08
11.82
11.49
13.95
12.53
Profit Margin (%)
-15,342
-13,457
-19,647
-14,415
-16,524
-23,730
-26,193
-21,781
-17,388
-9,286
-15,233
-16,290
-21,440
-17,038
-26,722
-23,665
-24,128
Working Capital
61,405
73,134
85,084
99,301
98,628
93,432
106,535
111,887
114,290
114,790
109,038
113,353
117,819
126,459
128,058
124,283
127,270
LT Debt
16,178
22,504
25,480
33,734
42,739
51,390
56,718
60,708
70,162
74,394
82,602
88,098
93,621
102,117
109,074
123,788
122,974
Total Equity
1.23
0.65
1.63
4.26
6.09
5.47
4.35
3.54
4.18
4.19
4.6
2.35
3.37
4.95
4.68
4.88
3.88
Return on Invested Capital (%)
1.57
1.53
2.28
3.43
4.46
3.84
2.55
2.26
2.35
2.38
2.27
1.46
2.04
2.15
1.79
1.71
1.58
Return on Capital (%)
5.58
3.2
8.7
21.5
26.92
21.83
14.17
10.91
12.79
12.18
12.59
4.98
7.7
11.81
10.98
10.98
8.57
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
35,582
31,353
32,597
LT Borrowings
120,798
123,778
123,904
LT Finance Leases
3,485
3,504
3,366
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
800
800
800
Market Capitalization
108,586
107,109
105,356

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
37,785
38,900
38,219
Cash, Cash Equivalents & STI
23,137
24,572
23,914
Accounts Receivable, Net
10,997
11,124
10,567
Inventories
1,312
1,001
1,287
Total Current Liabilities
61,450
56,536
62,347
Payables & Accruals
- -
- -
- -
ST Debt
35,582
31,353
32,597
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.23%
8.46%
13.49%
Free Cash Flow
57.86%
65.42%
250.47%
Net Income, GAAP
10%
17.07%
11.3%
Sales/Revenue/Turnover
6%
6.53%
-8.31%
Total Cash Common Dividend
-0.69%
1.68%
-7.24%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,108
12,994
17,294
13,424
57,819
2025
13,122
12,575
- -
12,442
53,014
2026
12,514
11,372
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.73
2.29
3.8
0.09
8.91
2025
2.6
2.14
- -
1.09
9.34
2026
2.65
1.77
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.51
1.69
6.7
1.5
11.4
2025
1.26
1.56
- -
0.93
9.96
2026
1.32
1.34
- -
- -
- -
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Business
SDIC Power Holdings Co., Ltd. operates primarily in the electricity generation sector in China, focusing on a diversified energy portfolio including thermal power, hydropower, wind power, solar power, and energy storage. The company manufactures and sells electricity generated through large-scale power plants comprising approximately 21.3 GW of hydropower capacity, 13.2 GW of thermal power capacity, 3.9 GW of wind power, 5.8 GW of solar power, and 0.46 GW of energy storage assets. It provides integrated energy solutions that support residential, commercial, and industrial power needs across multiple provinces in China. The company also offers related services such as planning and engineering for power generation projects. Founded in 1989 and headquartered in Beijing, SDIC Power Holdings is a subsidiary of State Development & Investment Corp., Ltd. In recent developments, by the end of 2024, the company expanded its installed capacity to 44.63 million kilowatts and increased total assets to approximately RMB 296.54 billion. It has pursued strategic growth through the expansion of new energy operations, including regional optimization and consolidation of platforms in hydropower, wind, and solar power projects, with significant breakthroughs in the hydropower-wind-solar integration base in the Yalong River Basin. The company undertook organizational restructuring and accelerated talent development to enhance operational efficiency and competitiveness. It has also advanced state-owned enterprise reforms with a focus on stabilizing growth, reducing costs through centralized procurement for renewable projects, and strengthening risk management and compliance systems. SDIC Power Holdings continues to emphasize the green and low-carbon transformation of its energy portfolio while ensuring supply reliability and promoting coordinated growth of diversified power sources. The company convened its sixth extraordinary general meeting in late 2025 to handle key governance and operational matters, reflecting active corporate management and strategic oversight. Overall, SDIC Power Holdings maintains a strong position as a major player in China's power generation industry, leveraging a broad mix of renewable and conventional energy assets to meet evolving market demands and sustainability goals. Its core products and services span electricity generation from multiple energy sources along with engineering and planning support. The company’s latest strategic shifts underline a commitment to innovation, energy security, and environmental responsibility.