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    Electric utilities
SPIC Green Energy Co., Ltd. Class A

SPIC Green Energy Co., Ltd. Class A

SSZSE:000875
4.44
CNY
+0.03
(+0.68%)
0.39EPS
23.75P/E
18.35BMarket Cap
Oct 29Next Earn
SPIC Green Energy Co., Ltd. Class A
SZSE:000875
(Shenzhen Stock Exchange)

Recent

price

4.44

P/E

ratio

23.75

div

yld

10.62%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.79
6.74
5.18
5.46
3.26
2.94
3.01
2.4
3.19
3.93
4.63
5.04
5.32
5.25
4.75
- -
- -
Revenue per Share
0.02
0.02
-0.53
0.1
0.05
0.08
0.01
-0.16
0.05
0.08
0.22
0.19
0.24
0.33
0.38
- -
- -
Basic EPS, GAAP
-5.03
-1.8
1.08
-0.45
-0.53
-0.9
-1.83
-0.94
-0.87
-0.52
-3.33
-1.38
0.23
-0.49
-0.49
- -
- -
Free Cash Flow per Basic Share
0.5
0.87
0.88
0.89
0.6
0.53
0.52
0.34
0.46
0.67
0.57
0.58
0.64
0.51
0.58
- -
0.35
Dividend per Share
2.84
2.86
2.34
2.73
2.56
2.64
5.23
3.41
3.4
3.53
3.64
3.77
4.01
4.23
4.62
- -
- -
Book Value per Share
2.79
2.6
2.07
2.58
2.38
2.47
4.96
3.23
3.16
3.22
3.28
3.44
3.67
3.6
4.11
- -
- -
Tangible Book Value per Share
673
676
846
839
1,460
1,461
1,461
2,122
2,292
2,174
2,173
2,632
2,811
2,753
2,893
3,627
3,637
Basic Weighted Avg Shares
2,552
4,557
4,384
4,585
4,753
4,302
4,405
5,102
7,301
8,552
10,060
13,254
14,955
14,443
13,740
- -
- -
Sales/Revenue/Turnover
5.63
11
4.76
17.18
19.78
18.42
17.11
8.67
17.3
21.67
21.35
20.21
22.15
23.55
24.83
- -
- -
Operating Margin (%)
257
534
732
732
824
980
1,140
1,366
1,731
2,012
2,159
2,831
3,340
3,529
3,860
- -
- -
Depreciation Expense
13
14
-448
82
75
118
13
-340
115
174
478
500
675
908
1,099
- -
- -
Net Income, GAAP
38.03
10.33
- -
7.52
23.86
10.71
51.7
- -
21.95
21.2
18.45
18.13
16.85
17.65
15.57
- -
- -
Effective Tax Rate (%)
0.53
0.3
-10.23
1.79
1.57
2.74
0.3
-6.65
1.57
2.03
4.75
3.77
4.51
6.29
8
- -
- -
Profit Margin (%)
-3,434
-1,444
-2,171
-2,706
-4,702
-5,821
-5,953
-10,521
-8,527
-5,673
-8,259
-9,479
-5,573
-6,425
-10,727
- -
- -
Working Capital
6,885
9,936
9,727
9,602
8,204
9,264
9,418
9,309
11,800
16,572
23,072
27,002
31,917
37,429
31,950
- -
- -
LT Debt
2,548
2,971
2,509
4,720
4,558
4,752
8,600
8,472
10,265
10,827
11,297
14,354
19,944
19,736
24,900
- -
- -
Total Equity
-0.24
0.08
- -
0.5
0.16
0.11
0.01
- -
0.74
0.91
1.7
1.56
2.03
2.3
2.14
- -
- -
Return on Invested Capital (%)
0.75
3.54
- -
4.39
3.78
4.06
1.6
- -
2.96
2.75
2.88
2.92
2.85
2.24
2.43
- -
- -
Return on Capital (%)
0.54
0.57
-20.56
2.76
1.94
3.1
0.23
-4.54
1.57
2.34
6.22
5.46
6.22
7.91
7.7
- -
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Mar'25
Jun'25
Dec'25
ST Debt
16,209
14,021
- -
LT Borrowings
34,521
36,627
- -
LT Finance Leases
1,196
1,271
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,627
3,627
3,627
Market Capitalization
19,079
18,354
20,458

Working Capital

CNY

•

in mil. unless spec.
Mar'25
Jun'25
Dec'25
Total Current Assets
16,033
15,573
- -
Cash, Cash Equivalents & STI
3,395
2,719
- -
Accounts Receivable, Net
11,204
11,361
- -
Inventories
241
232
- -
Total Current Liabilities
20,697
18,797
- -
Payables & Accruals
- -
- -
- -
ST Debt
16,209
14,021
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,815
3,073
3,279
3,574
13,740
2025
3,760
2,808
- -
- -
- -
2026
- -
2,897
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
0.17
0.11
-0.09
0.38
2025
0.17
0.03
- -
- -
- -
2026
- -
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.11
0.12
0.19
0.58
2025
0.07
0.09
- -
- -
- -
2026
- -
0.08
- -
- -
- -
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Business
Jilin Electric Power Co.,Ltd. is a China-based electric power generation and heat supply company principally engaged in producing and supplying electricity and heat through multiple energy sources including thermal power, hydropower, wind power, solar energy, distributed energy, gas power, biomass, and nuclear energy. The company also offers services such as power plant maintenance, operation and maintenance services, electricity distribution, coal wholesale and procurement, industrial water supply, and power station construction and operation. Jilin Electric Power operates mainly in the northeast region of China, with headquarters located in Changchun. Founded in 1993 and listed on the Shenzhen Stock Exchange since 2002, the company is involved in new energy investment and development alongside its conventional energy production activities. Recent major developments include the commencement of a $822 million renewable ammonia production plant in Da'an, which began operation in July 2025. This project combines 700 MW of wind power and 100 MW of solar photovoltaic power with a 40 MW energy storage system, integrating advanced PEM and alkaline electrolysis technology to support hydrogen energy and green fuel industries. This effort reflects Jilin Electric Power's strategic expansion into renewable and green energy sectors aligned with China’s decarbonization objectives. Additionally, in 2024 the company secured approval for eight new wind power projects and publicly issued bonds to support science and technology innovation and rural revitalization. The company also planned a significant investment of approximately 5.7 billion yuan in a coal-fired power project, illustrating a balanced energy portfolio approach. Jilin Electric Power continues to develop its regulated electric power generation and sales business while actively expanding its renewable energy portfolio and technological innovation capacity. Its broad product and service range, strategic growth in renewables, and the integration of cutting-edge green technologies position it as a critical player in China's transition to diversified and sustainable energy systems. The company serves a wide customer base across industrial, municipal, and regional markets within China and positions itself as a leader in clean energy production and electric power infrastructure development.