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Jinneng Holding Shanxi Electric Power Co., Ltd. Class A

Jinneng Holding Shanxi Electric Power Co., Ltd. Class A

SSZSE:000767
3.12
CNY
+0.02
(+0.65%)
0.01EPS
142.07P/E
11.78BMarket Cap
Jinneng Holding Shanxi Electric Power Co., Ltd. Class A
SZSE:000767
(Shenzhen Stock Exchange)

Recent

price

3.12

P/E

ratio

142.07

div

yld

16.71%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.23
3.1
8.03
4.44
4.89
3.98
3.81
3.09
3.65
3.9
3.86
4.96
7.59
9.68
5.42
5.03
4.85
Revenue per Share
-0.57
-0.59
0.21
0.22
0.27
0.18
0.03
-0.51
0.1
0.02
0.09
- -
-0.26
-0.25
0.01
0.06
0.03
Basic EPS, GAAP
-0.85
-0.35
-0.77
-0.04
0.07
-0.1
-2.21
-1.33
- -
-0.31
-0.14
0.19
-0.31
-1.6
-1.07
-0.22
- -
Free Cash Flow per Basic Share
0.23
0.36
1.29
0.51
0.54
0.5
0.55
0.54
0.46
0.43
0.41
0.46
0.55
0.79
0.51
0.55
0.52
Dividend per Share
1.14
0.55
1.47
2.06
2.34
2.57
4.05
2.35
2.45
2.47
2.83
2.98
3.49
3.61
3.71
3.58
3.58
Book Value per Share
1.05
0.46
1.22
1.48
1.78
2.02
3.48
1.94
2.07
2.02
2.35
2.43
2.92
3.03
3.08
2.99
3.01
Tangible Book Value per Share
1,314
1,324
679
2,060
2,254
2,288
2,321
3,077
3,077
3,083
3,076
3,077
2,664
2,026
3,077
3,077
3,077
Basic Weighted Avg Shares
4,248
4,103
5,453
9,151
11,015
9,097
8,840
9,520
11,230
12,025
11,864
15,275
20,220
19,616
16,670
15,463
14,918
Sales/Revenue/Turnover
-12.73
-12.55
13.97
16.71
17.18
20.34
12.39
-10.19
3.15
14.73
18.05
13.54
5.36
5.66
6.8
8.73
8.4
Operating Margin (%)
387
439
682
1,127
1,055
1,334
1,921
1,489
1,627
1,915
1,909
1,983
2,299
2,452
2,452
2,332
- -
Depreciation Expense
-749
-781
143
455
601
412
75
-1,556
319
68
273
4
-681
-515
32
196
83
Net Income, GAAP
- -
- -
22.06
20.33
20.69
32.93
64.56
- -
- -
83.6
40.18
1,092.41
- -
- -
- -
58.03
92.82
Effective Tax Rate (%)
-17.64
-19.03
2.62
4.98
5.45
4.53
0.85
-16.35
2.84
0.57
2.3
0.03
-3.37
-2.63
0.19
1.27
0.56
Profit Margin (%)
-3,731
-5,040
-335
-6,176
-6,106
-7,046
-6,600
-8,543
-10,774
-13,722
-14,508
-13,342
-7,682
-4,738
-1,931
-2,100
477
Working Capital
4,981
4,463
7,796
9,427
9,057
9,009
12,647
14,440
11,312
9,864
13,154
14,327
19,545
22,063
25,696
23,324
24,868
LT Debt
1,545
765
2,375
5,304
6,172
7,446
11,129
8,015
8,064
7,989
9,079
9,276
10,744
10,808
10,755
10,196
10,187
Total Equity
- -
- -
1.54
3.32
3.04
2.53
0.23
- -
- -
0.01
0.76
2.51
- -
- -
- -
0.3
0.04
Return on Invested Capital (%)
- -
- -
5.05
6.21
5.97
3.97
1.44
- -
- -
1.19
3.72
-44.94
- -
- -
- -
1.74
0.5
Return on Capital (%)
-39.78
-69.81
10.68
13.83
12.12
7.45
1.01
-19.04
4.32
0.9
3.35
0.04
-6.83
-4.71
0.28
1.75
0.75
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12,345
11,055
11,383
LT Borrowings
23,202
25,220
24,739
LT Finance Leases
122
123
129
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,077
3,077
3,077
Market Capitalization
8,615
13,015
11,785

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,844
15,924
16,646
Cash, Cash Equivalents & STI
4,260
4,590
5,068
Accounts Receivable, Net
8,293
8,621
8,439
Inventories
1,724
1,365
1,557
Total Current Liabilities
17,944
15,448
16,169
Payables & Accruals
- -
- -
- -
ST Debt
12,345
11,055
11,383
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.77%
2.58%
-5.2%
Free Cash Flow
932.13%
-52.07%
-79.55%
Net Income, GAAP
-1,968.32%
-3,507.84%
511.52%
Sales/Revenue/Turnover
6.44%
7.17%
-7.24%
Total Cash Common Dividend
4.67%
5.9%
7.02%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,617
3,483
3,777
4,792
16,670
2025
4,006
3,403
- -
4,278
15,463
2026
3,985
3,253
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.22
0.04
0.02
0.11
0.01
2025
0.02
0.03
- -
-0.04
0.06
2026
0.02
0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.12
0.16
0.09
0.51
2025
0.13
0.11
- -
0.21
0.55
2026
0.11
0.09
- -
- -
- -
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Business
Jinneng Holding Shanxi Electric Power Co., Ltd. (000767.SZ) engages primarily in the production and sale of electricity and heat products in China. The company operates coal-fired thermal power plants, including major facilities such as the Shanxi Changzhi Power Plant with 2,000MW capacity, and offers related services like electrical equipment overhaul and maintenance; development and sale of fuels, materials, high-tech electric power technologies, and power supplies; production and sale of electric heating and electrolytic aluminum; sale of new energy electricity, heat, and coal; solar energy generation; and provision of technology, financial leasing, and financial services. It serves the Shanxi Power Grid and North China Power Grid, mainly in the southern Shanxi network area, with operations extending to North China and northwest China, including Shanxi Province and Inner Mongolia Autonomous Region; the company maintains subsidiaries, a joint aluminum-electricity venture called Huaze Aluminum Power, and is a listed entity under Jinneng Holding Group, a state-owned energy enterprise, with headquarters in Taiyuan, Shanxi, tracing origins to its predecessor Shanxi Zhangze Electric Power Co., Ltd. listed in 1997. Recent developments include approval for the Tonghua Xuangang Phase II 2x660MW coal-fired power project contracted with China Electric Power Engineering Northwest Institute in October 2025, reflecting ongoing capacity expansion; in early 2025, related entity Jinneng Holding Shanxi Coal Industry initiated acquisition of coal assets from Jinneng Holding Group to resolve industry competition; the company also pursues carbon asset trading, including CCER development, amid national carbon emission regulations, while noting recoverable accounts receivable and shareholding reductions by State Power Investment Corporation Huaze.