State Grid Yingda Co Ltd

Chart & Performance

D1W1MN

P/E

23.81

P/S

2.98

EPS

0.24

Div Yield, %

1.31%

Shrs. gr., 5y

24.12%

Rev. gr., 5y

17.19%

Revenues

10.90b

+0.32%

Net income

1.36b

+23.96%

CFO

803m

-37.57%

Dividend

Jul 17, 20240.072 CNY/sh

Earnings

May 21, 2025

Profile

State Grid Yingda Co.,Ltd. engages in the electrical, trust, securities, futures, and carbon asset businesses in China. It offers electrical distribution transformers, amorphous iron cores, integrated substations, primary and secondary deep integration equipment, C-GIS, gas inflatable cabinets, lightning arresters, AC and DC series bushings, nano aluminum alloy fittings, and insulators; lightning monitoring and early warning technology, testing and metering, online monitoring and status detection, and power operation and maintenance products, as well as engineering services. The company also provides operation and maintenance services for power grids and low-carbon energy-saving solutions; and high-voltage testing and integrated energy services, as well as constructs power transmission and distribution network projects. In addition, it is involved in the trust activities; securities business, such as securities brokerage and credit, investment banking, securities investment, fixed income, asset management, and futures services; factoring activities for small, medium, and micro-enterprises; and carbon audit, carbon asset development, carbon trading, carbon finance, low-carbon and carbon market-related research topics, and green supply chain management activities. The company was formerly known as Shanghai Zhixin Electric Co., Ltd. and changed its name to State Grid Yingda Co.,Ltd. in April 2020. The company was founded in 1997 and is based in Beijing, China. State Grid Yingda Co.,Ltd. is a subsidiary of State Grid Yingda International Holdings Group Co., Ltd.

URL

http://www.gwydgf.com/

IPO date

Oct 10, 2003

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	10,895,488 0.32%	10,861,214 14.51%	9,485,274 17.22%
Cost of revenue	6,880,197	7,473,206	6,227,059
Unusual Expense (Income)
NOPBT	4,015,291	3,388,008	3,258,215
NOPBT Margin	36.85%	31.19%	34.35%
Operating Taxes	507,715	422,970	473,580
Tax Rate	12.64%	12.48%	14.53%
NOPAT	3,507,576	2,965,038	2,784,635
Net income	1,364,325 23.96%	1,100,621 -10.07%	1,223,923 4.07%
Dividends	(427,040)	(377,417)	(354,543)
Dividend yield	1.57%	1.36%	0.85%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	8,574,979	9,010,611	9,420,534
Long-term debt	589,045	1,247,349	1,241,903
Deferred revenue	4,698	5,542	5,576
Other long-term liabilities	1	1	2
Net debt	(17,890,261)	(11,782,042)	(11,341,074)
Cash flow
Cash from operating activities	803,221	1,286,660	761,482
CAPEX	(196,019)
Cash from investing activities	141,709
Cash from financing activities	(2,825,084)		1,519,544
FCF	3,579,156	2,972,340	2,470,324
Balance
Cash	25,332,326	22,040,002	22,003,511
Long term investments	1,721,960
Excess cash	26,509,511	21,496,941	21,529,247
Stockholders' equity	16,421,987	17,260,233	16,589,256
Invested Capital	15,918,684	14,181,946	14,626,770
ROIC	23.31%	20.58%	20.73%
ROCE	12.36%	10.75%	10.38%
EV
Common stock shares outstanding	5,708,471	5,718,436	5,718,436
Price	4.77 -1.45%	4.84 -33.61%	7.29 19.90%
Market cap	27,229,405 -1.62%	27,677,229 -33.61%	41,687,397 23.60%
EV	12,824,672	19,108,760	33,390,897
EBITDA	4,305,885	3,638,827	3,487,778
EV/EBITDA	2.98	5.25	9.57
Interest	22,885	37,952	40,046
Interest/NOPBT	0.57%	1.12%	1.23%