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    Utilities

  3. •

    Electric utilities
Shenyang Huitian Thermal Power Co., Ltd. Class A

Shenyang Huitian Thermal Power Co., Ltd. Class A

SSZSE:000692
4.11
CNY
+0.01
(+0.24%)
0.10EPS
34.66P/E
2.10BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.85
3.73
2.94
3.48
3.32
3.58
3.47
3.55
3.73
3.75
3.69
3.95
3.95
3.99
Basic EPS, GAAP
0.08
0.1
0.14
0.1
-0.12
0.01
-0.22
-1.82
-0.41
-3.64
1.83
-0.61
-0.1
0.11
Free Cash Flow per Basic Share
-1.07
0.11
-0.22
-1.03
-0.75
-0.39
-0.34
0.57
-0.87
-0.74
2.04
-1.46
-0.06
- -
Dividend per Share
0.26
0.26
0.15
0.16
0.22
0.24
0.29
0.26
0.22
0.27
0.27
0.26
0.24
0.22
Book Value per Share
2.38
2.41
2.58
2.65
2.48
2.57
2.36
0.53
0.12
-3.51
0.33
0.36
0.25
0.07
Tangible Book Value per Share
1.97
2.03
2.21
2.23
2.08
2.18
1.97
0.16
-0.11
-3.73
0.16
0.24
-0.07
-0.32
Basic Weighted Avg Shares
267
422
533
526
533
534
533
533
533
533
533
533
533
533
Sales/Revenue/Turnover
1,558
1,573
1,569
1,830
1,766
1,908
1,851
1,894
1,987
1,996
1,965
2,102
2,104
2,126
Operating Margin (%)
3.9
5.53
7.45
-0.58
-2.54
-3.44
-8.19
-13.04
-7.72
-80.01
39.51
-5.74
2.39
10.35
Depreciation Expense
175
196
198
205
221
253
250
249
258
276
287
308
339
- -
Net Income, GAAP
21
42
75
53
-67
6
-115
-972
-221
-1,939
977
-327
-54
61
Effective Tax Rate (%)
41.37
40.95
30.36
24.88
- -
- -
- -
- -
- -
- -
0.27
- -
- -
15.26
Profit Margin (%)
1.34
2.64
4.75
2.87
-3.77
0.31
-6.24
-51.35
-11.12
-97.11
49.72
-15.56
-2.54
2.85
Working Capital
-1,143
-1,273
-1,318
-1,428
-1,290
-1,533
-2,118
-2,048
-2,705
-4,074
-2,576
-2,927
-1,637
-1,186
LT Debt
23
7
- -
90
530
450
204
867
555
353
250
188
1,991
2,999
Total Equity
1,271
1,294
1,400
1,439
1,364
1,426
1,325
355
121
-1,832
209
221
84
-66
Return on Invested Capital (%)
0.3
0.36
2.2
-1.82
- -
- -
- -
- -
- -
- -
64.25
- -
- -
1.64
Return on Capital (%)
2.84
3.61
5.12
3.98
- -
- -
- -
- -
- -
- -
67.07
- -
- -
3.95
Return on Common Equity (%)
1.66
3.26
5.6
3.78
-4.87
0.44
-8.8
-126.36
-126.64
- -
- -
-178.41
-32.97
63.84

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,524
1,697
1,627
LT Borrowings
1,987
2,622
2,995
LT Finance Leases
4
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
533
533
533
Market Capitalization
1,833
2,648
2,099

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,283
2,106
1,554
Cash, Cash Equivalents & STI
1,145
950
452
Accounts Receivable, Net
482
688
636
Inventories
359
120
140
Total Current Liabilities
3,920
3,051
2,740
Payables & Accruals
- -
- -
- -
ST Debt
1,524
1,697
1,627
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-192.13%
-368.62%
-61.82%
Free Cash Flow
-89.99%
-182.21%
-95.63%
Net Income, GAAP
-132.25%
66.52%
-83.63%
Sales/Revenue/Turnover
3.14%
2.17%
0.06%
Total Cash Common Dividend
6.18%
-1.11%
-7.5%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,194
15
19
870
2,102
2025
1,204
6
- -
880
2,104
2026
1,214
26
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.3
-0.25
-0.3
0.23
-0.61
2025
-0.07
-0.2
- -
0.49
-0.1
2026
0.09
-0.27
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.07
0.07
0.06
0.26
2025
0.15
0.06
- -
0.06
0.24
2026
0.05
0.05
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Peng Ye Xu
Full Time Employees
1,327
Sector
Utilities
Industry
Electric utilities
Address
No. 47, Lively Road Shenyang LI China 110014
IPO Date
Feb 27, 1997
Website
htrd.cn
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Business
Shenyang Huitian Thermal Power Co., Ltd. (000692.SZ) engages principally in the generation and supply of steam and heat, alongside engineering services for urban residents and non-residential users in China. The company provides centralized heating services through pipe networks and related equipment for civil and commercial buildings; heating and steam supply; engineering design, installation works, and thermal research; thermal power generation; hotel operations; coal trading; house leasing; plumbing materials sales; non-standard structural components manufacturing; and industrial pipeline and civil engineering construction. Shenyang Huitian Thermal Power operates primarily in Liaoning Province, with Shenyang as its core market where it handles nearly 25% of municipal heating services, targeting residential, commercial, and industrial customers. Founded in 1980 and headquartered at No. 47 Naoro Road, Shenhe District, Shenyang, Liaoning Province, China, the company was formerly known as Shenyang Thermal Power Co., Ltd. before changing its name in January 1997. In late 2024, Shenyang Huitian Thermal Power sold a 49% stake in its subsidiary Shenyang No. 2 Thermal Heating Company to Shenyang Rundian Thermal Power Co., Ltd. for approximately CNY 320 million, retaining 51% ownership following completion of industrial and commercial registration and receipt of an initial CNY 245 million payment by December 30, 2024. During 2025, the company established a new subsidiary focused on thermal production and supply, entrusted Shenyang International Land Port Group with integrated coal storage and transportation services for the 2025-2027 heating periods, and continued heat purchase agreements with China Resources Power (Shenyang) for its Shenhai network operations ahead of the 2025-2026 heating season. It also entered leasing arrangements for Shenyang gas station assets and received shareholder proposals from Shenyang Shengjing Energy, amid ongoing diversification efforts in engineering and materials sectors.