Huaneng Power International
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Penke I guess you are interested in Huaneng Power International. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Huaneng Power International. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Huaneng Power International (30 sec.)

What can you expect buying and holding a share of Huaneng Power International? (30 sec.)

How much money do you get?

HK$0.10

When do you have the money?

1 year

How often do you get paid?

91.4%

What is your share worth?

Current worth

HK$11.79

Expected worth in 1 year

HK$15.62

How sure are you?

65.7%

+ What do you gain per year?

Total Gains per Share

HK$4.63

Return On Investment

95.9%

For what price can you sell your share?

Current Price per Share

HK$4.83

Expected price per share

HK$4.37 - HK$5.43

How sure are you?

50%

1. Valuation of Huaneng Power International (5 min.)

Live pricePrice per Share (EOD)

HK$4.83

Book Value per Share

HK$11.79

Intrinsic Value Per Share

HK$-69.09 - HK$-82.51

Total Value Per Share

HK$-57.31 - HK$-70.73

My calculation of the intrinsic value of Huaneng Power International is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 3Y: (HK$-0.42) TTM: (HK$-0.24)
The change per quarter (trend) of the Free Cash Flow Per Share is 3Y: (HK$-0.10) TTM: (HK$0.00)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	HK$-2.59	HK$-2.64	HK$-3.30 - HK$-3.30
2	HK$-6.50	HK$-6.74	HK$-4.91 - HK$-4.91
3	HK$-11.57	HK$-12.22	HK$-6.53 - HK$-6.53
4	HK$-17.67	HK$-18.99	HK$-8.15 - HK$-8.15
5	HK$-24.66	HK$-26.97	HK$-9.76 - HK$-9.76
6	HK$-32.42	HK$-36.09	HK$-11.38 - HK$-11.38
7	HK$-40.84	HK$-46.27	HK$-12.99 - HK$-12.99
8	HK$-49.81	HK$-57.44	HK$-14.61 - HK$-14.61
9	HK$-59.26	HK$-69.55	HK$-16.23 - HK$-16.23
10	HK$-69.09	HK$-82.51	HK$-17.84 - HK$-17.84

2. Growth of Huaneng Power International (5 min.)

Is Huaneng Power International growing?

	Current year	Previous year	Grow	Grow %
How rich?	$23.6b	$16.1b	$4.9b	23.5%

How much money is Huaneng Power International making?

	Current year	Previous year	Grow	Grow %
Making money	$374.9m	-$341.8m	$716.8m	191.2%
Net Profit Margin	2.9%	-2.3%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Huaneng Power International (5 min.)

What can you expect buying and holding a share of Huaneng Power International? (5 min.)

Welcome investor! Huaneng Power International's management wants to use your money to grow the business. In return you get a share of Huaneng Power International.

What can you expect buying and holding a share of Huaneng Power International?

First you should know what it really means to hold a share of Huaneng Power International. And how you can make/lose money.

Speculation

The Price per Share of Huaneng Power International is HK$4.83. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Huaneng Power International.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Huaneng Power International, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is HK$11.79. Based on the TTM, the Book Value Change Per Share is HK$0.96 per quarter. Based on the YOY, the Book Value Change Per Share is HK$-0.31 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is HK$0.20 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Huaneng Power International.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	HK$	% of Price per Share	HK$	% of Price per Share	HK$	% of Price per Share	HK$	% of Price per Share	HK$	% of Price per Share
Usd Eps	-0.04	-0.7%	0.02	0.4%	-0.02	-0.4%	-0.01	-0.1%	0.00	0.1%
Usd Book Value Change Per Share	0.13	2.7%	0.12	2.5%	-0.04	-0.8%	0.05	0.9%	0.02	0.5%
Usd Dividend Per Share	0.02	0.4%	0.03	0.5%	0.03	0.7%	0.03	0.5%	0.04	0.8%
Usd Total Gains Per Share	0.15	3.2%	0.15	3.1%	-0.01	-0.2%	0.07	1.5%	0.06	1.3%
Usd Price Per Share	0.53	-	0.54	-	0.46	-	0.47	-	0.66	-
Price to Earnings Ratio	-3.65	-	2.18	-	19.71	-	14.83	-	17.41	-
Price-to-Total Gains Ratio	3.47	-	-2.58	-	3.94	-	-2.09	-	0.75	-
Price to Book Ratio	0.35	-	0.41	-	0.45	-	0.64	-	0.82	-
Price-to-Total Gains Ratio	3.47	-	-2.58	-	3.94	-	-2.09	-	0.75	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	0.616791
Number of shares	1621

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.03	0.03
Usd Book Value Change Per Share	0.12	0.05
Usd Total Gains Per Share	0.15	0.07
Gains per Quarter (1621 shares)	239.76	116.45
Gains per Year (1621 shares)	959.06	465.80

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	166	793	949	170	296	456
2	332	1586	1908	339	592	922
3	498	2379	2867	509	888	1388
4	664	3172	3826	679	1184	1854
5	830	3965	4785	849	1480	2320
6	996	4758	5744	1018	1776	2786
7	1162	5551	6703	1188	2073	3252
8	1328	6345	7662	1358	2369	3718
9	1494	7138	8621	1527	2665	4184
10	1660	7931	9580	1697	2961	4650

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	3.0	1.0	0.0	75.0%	6.0	6.0	0.0	50.0%	11.0	8.0	0.0	57.9%	25.0	10.0	0.0	71.4%	58.0	13.0	1.0	80.6%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	5.0	6.0	1.0	41.7%	8.0	7.0	4.0	42.1%	17.0	14.0	4.0	48.6%	43.0	25.0	4.0	59.7%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	18.0	0.0	1.0	94.7%	32.0	0.0	3.0	91.4%	59.0	0.0	13.0	81.9%
Total Gains per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	12.0	6.0	1.0	63.2%	23.0	11.0	1.0	65.7%	53.0	18.0	1.0	73.6%

Fundamentals of Huaneng Power International

About Huaneng Power International

https://www.hpi.com.cn
57038
Huaneng Building, Beijing, China, 100031
Google Maps Bing Maps

Huaneng Power International, Inc., together with its subsidiaries, generates and sells electric power to the regional or provincial grid companies in the People's Republic of China and internationally. It develops, constructs, operates, and manages power plants and related projects. The company generates power from gas turbine, hydro, wind, photovoltaic, coal-fired, and biomass resources. It is also involved in the sale of coal ash and lime; cargo loading and storage; port, warehousing, and conveying activities; and provision of thermal energy and cold energy services, as well as thermal heating services. In addition, the company engages in the repair and maintenance of power equipment; supply of steam and hot water; plumbing pipe installation and repair; and energy engineering construction activities. Further, it involved in the provision of transportation services; construction and operation of electricity distribution networks and heating pipe networks; energy supply, energy transmission, and substation project contracting activities; cargo handling and transportation; and port management, investment, and development activities. Additionally, the company engages in the management of industrial water and waste, as well as provides environment engineering, and information technology and management consulting services. It also sells raw and processed coal; and offers central heat and desalinated water services. As of December 31, 2022, the company had a controlled installed capacity of 127,228 megawatts and low carbon clean energy installed capacity of 33,171 MW. Huaneng Power International, Inc. was incorporated in 1994 and is based in Beijing, the People's Republic of China.

Fundamental data was last updated by Penke on 2024-04-15 14:32:05.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Huaneng Power International.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Huaneng Power International earns for each $1 of revenue.

Above 10% is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
A Net Profit Margin of -6.5% means that $-0.07 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Huaneng Power International:

The MRQ is -6.5%. The company is making a loss. -1
The TTM is 2.9%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	-6.5%	TTM	2.9%	-9.4%
TTM	2.9%	YOY	-2.3%	+5.3%
TTM	2.9%	5Y	0.3%	+2.7%
5Y	0.3%	10Y	3.0%	-2.7%

Measures how much net profit Huaneng Power International earns for each $1 of revenue.

Revenue is the amount of profit Huaneng Power International generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Huaneng Power International earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
Can be used to compare companies within the Utilities - Independent Power Producers industry.

You typically want a high profit margin. This means that for each $1 in sales, Huaneng Power International makes more profit. This shows the investor how efficiently Huaneng Power International is operating in general and compared to other companies in the same industry. Huaneng Power International operates in the Utilities - Independent Power Producers industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Huaneng Power International. If profit margins remain low (compared to the Utilities - Independent Power Producers industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Huaneng Power International is -0.07. This means that Huaneng Power International earned $-0.07 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Huaneng Power International with other companies in the same industry (Utilities - Independent Power Producers).
Net profit margin should rise over the years.
Can be influenced when Huaneng Power International sells assets (profit will increase while costs remain the same).
It won’t show what part of Huaneng Power International is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Huaneng Power International

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Huaneng Power International = -4,118,058
Total revenue MRQ Huaneng Power International = 63,074,981
$-4,118,058 / $63,074,981 = -0.07 or -6.5%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Huaneng Power International is using its assets to generate profit.

Above 5% is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
-0.8% Return on Assets means that Huaneng Power International generated $-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Huaneng Power International:

The MRQ is -0.8%. Using its assets, the company is very inefficient in making profit. -2
The TTM is 0.5%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	-0.8%	TTM	0.5%	-1.3%
TTM	0.5%	YOY	-0.5%	+1.0%
TTM	0.5%	5Y	0.0%	+0.5%
5Y	0.0%	10Y	0.3%	-0.3%

Shows how efficient Huaneng Power International is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Huaneng Power International is using its resources to generate profit. If the return on assets (-0.8%) from Huaneng Power International are higher than the Utilities - Independent Power Producers mean () that means Huaneng Power International is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Huaneng Power International is -0.8%. This means the company generated $-0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Huaneng Power International

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Huaneng Power International = -4,118,058
Total assets MRQ (balance sheet) from Huaneng Power International = 541,159,281
-4,118,058 / 541,159,281 = -0.01 or -0.8%

ROA is an important ratio as it will tell you how effectively Huaneng Power International is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Huaneng Power International is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
-3.1% Return on Equity means Huaneng Power International generated $-0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Huaneng Power International:

The MRQ is -3.1%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is 2.0%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	-3.1%	TTM	2.0%	-5.1%
TTM	2.0%	YOY	-2.2%	+4.2%
TTM	2.0%	5Y	-0.2%	+2.2%
5Y	-0.2%	10Y	1.2%	-1.4%

Shows how efficient Huaneng Power International is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Utilities - Independent Power Producers industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Huaneng Power International is -3.1%. This means Huaneng Power International generated $-0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if Huaneng Power International existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Huaneng Power International

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Huaneng Power International = -4,118,058
Shareholders equity (balance sheet) MRQ Huaneng Power International = 132,138,664
-4,118,058 / 132,138,664 = -0.03 or -3.1%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Huaneng Power International.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Huaneng Power International is operating .

Measures how much profit Huaneng Power International makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Huaneng Power International:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	0.4%	-0.4%
TTM	-	5Y	1.1%	-1.1%
5Y	1.1%	10Y	2.7%	-1.6%

Measures how efficient Huaneng Power International is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Huaneng Power International is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Huaneng Power International is 0.0%. This means that Huaneng Power International earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Huaneng Power International

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Huaneng Power International = 3,066,755
Total revenue MRQ Huaneng Power International = 63,074,981
$3,066,755 / $63,074,981 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Huaneng Power International is keeping operating costs low.

Below 1 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
An Operation Ratio of 1.85 means that the operating costs are $1.85 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Huaneng Power International:

The MRQ is 1.853. The company is inefficient in keeping operating costs low. -1
The TTM is 1.478. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.853	TTM	1.478	+0.375
TTM	1.478	YOY	1.244	+0.233
TTM	1.478	5Y	0.839	+0.639
5Y	0.839	10Y	0.737	+0.102

Measures how efficient Huaneng Power International is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Huaneng Power International is 185.3%. This means that Huaneng Power International earned $1.85 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Huaneng Power International

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(56,857,129 +60,008,226) \ 63,074,981 = 1.85

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Huaneng Power International.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Huaneng Power International is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
A Current Ratio of 0.55 means the company has $0.55 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Huaneng Power International:

The MRQ is 0.553. The company is unable to pay all its short-term debts. -2
The TTM is 0.586. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.553	TTM	0.586	-0.033
TTM	0.586	YOY	0.502	+0.084
TTM	0.586	5Y	0.495	+0.092
5Y	0.495	10Y	0.412	+0.083

Measures if Huaneng Power International is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Huaneng Power International if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Huaneng Power International is 0.55. This means Huaneng Power International has $0.55 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Huaneng Power International

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
90,744,158 \ 163,999,354) = 0.55

The current ratio measures if Huaneng Power International is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Huaneng Power International is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Huaneng Power International does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Huaneng Power International is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Huaneng Power International is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
A Quick Ratio of 0.28 means the company can pay off $0.28 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Huaneng Power International:

The MRQ is 0.279. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.318. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.279	TTM	0.318	-0.038
TTM	0.318	YOY	0.312	+0.006
TTM	0.318	5Y	0.316	+0.002
5Y	0.316	10Y	0.253	+0.063

Measures if Huaneng Power International is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Huaneng Power International can pay off its short term debts. This shows if Huaneng Power International can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Huaneng Power International is 0.28. This means that Huaneng Power International can pay off $0.28 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Huaneng Power International

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Huaneng Power International: ( + +45,826,248) / 163,999,354 = 0.28

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Huaneng Power International.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Huaneng Power International assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Huaneng Power International to Utilities - Independent Power Producers industry mean.
A Debt to Asset Ratio of 0.68 means that Huaneng Power International assets are financed with 68.3% credit (debt) and the remaining percentage (100% - 68.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Huaneng Power International:

The MRQ is 0.683. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.708. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.683	TTM	0.708	-0.025
TTM	0.708	YOY	0.763	-0.055
TTM	0.708	5Y	0.710	-0.002
5Y	0.710	10Y	0.706	+0.005

Measures how much % of Huaneng Power International assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Huaneng Power International than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Huaneng Power International to Utilities - Independent Power Producers industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Huaneng Power International is 0.68. This means means that Huaneng Power International is financed with 68.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Huaneng Power International has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Huaneng Power International

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
369,796,720 \ 541,159,281 = 68.3% or 0.68.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Huaneng Power International is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
A Debt to Equity ratio of 279.9% means that company has $2.80 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Huaneng Power International:

The MRQ is 2.799. The company is unable to pay all its debts with equity. -1
The TTM is 2.773. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	2.799	TTM	2.773	+0.026
TTM	2.773	YOY	3.492	-0.719
TTM	2.773	5Y	2.860	-0.088
5Y	2.860	10Y	2.922	-0.062

Measures if Huaneng Power International is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Huaneng Power International is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Huaneng Power International is 2.80. This means that Huaneng Power International can pay off $2.80 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Huaneng Power International

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
369,796,720 \ 132,138,664 = 2.80 or 279.9%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Huaneng Power International

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Huaneng Power International generates.

Above 15 is considered overpriced but always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
A PE ratio of -3.65 means the investor is paying $-3.65 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Huaneng Power International:

The EOD is -4.263. Based on the earnings, the company is expensive. -2
The MRQ is -3.654. Based on the earnings, the company is expensive. -2
The TTM is 2.182. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-4.263	MRQ	-3.654	-0.609
MRQ	-3.654	TTM	2.182	-5.836
TTM	2.182	YOY	19.712	-17.530
TTM	2.182	5Y	14.834	-12.652
5Y	14.834	10Y	17.407	-2.573

Measures how much money you pay for each share for every $1 in earnings Huaneng Power International generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Huaneng Power International to the Utilities - Independent Power Producers industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Huaneng Power International is -3.65. This means the investor is paying $-3.65 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Independent Power Producers industry is .
What is the trend?
The trend is important because it shows you how Huaneng Power International is performing over time. The most recent quarter might be important if Huaneng Power International released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Huaneng Power International up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Huaneng Power International

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
\ 15,698,093 = EPS
PE ratio MRQ = -3.65

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Huaneng Power International:

The EOD is -1.624. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -1.392. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -1.749. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-1.624	MRQ	-1.392	-0.232
MRQ	-1.392	TTM	-1.749	+0.357
TTM	-1.749	YOY	6.280	-8.029
TTM	-1.749	5Y	0.794	-2.543
5Y	0.794	10Y	4.394	-3.600

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Huaneng Power International is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
A PB ratio of 0.35 means the investor is paying $0.35 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Huaneng Power International:

The EOD is 0.410. Based on the equity, the company is cheap. +2
The MRQ is 0.351. Based on the equity, the company is cheap. +2
The TTM is 0.407. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.410	MRQ	0.351	+0.059
MRQ	0.351	TTM	0.407	-0.056
TTM	0.407	YOY	0.448	-0.041
TTM	0.407	5Y	0.644	-0.237
5Y	0.644	10Y	0.819	-0.175

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Huaneng Power International compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	1.031	0.958	+8%	-0.308	+130%	0.358	+188%	0.184	+460%
Book Value Per Share	-	-	11.787	10.526	+12%	8.056	+46%	8.647	+36%	8.180	+44%
Current Ratio	-	-	0.553	0.586	-6%	0.502	+10%	0.495	+12%	0.412	+34%
Debt To Asset Ratio	-	-	0.683	0.708	-4%	0.763	-10%	0.710	-4%	0.706	-3%
Debt To Equity Ratio	-	-	2.799	2.773	+1%	3.492	-20%	2.860	-2%	2.922	-4%
Dividend Per Share	-	-	0.162	0.200	-19%	0.247	-34%	0.205	-21%	0.292	-45%
Eps	-	-	-0.283	0.162	-274%	-0.170	-40%	-0.049	-83%	0.037	-867%
Free Cash Flow Per Share	-	-	-0.744	-0.239	-68%	-0.141	-81%	-0.420	-44%	-0.013	-98%
Free Cash Flow To Equity Per Share	-	-	-0.744	-0.117	-84%	-0.004	-99%	-0.031	-96%	0.082	-1011%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.947	+6%	0.971	+3%
Intrinsic Value_10Y_max	-	-	-82.515	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-69.095	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-2.637	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-2.587	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-12.215	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-11.575	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-26.968	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-24.661	-	-	-	-	-	-	-	-
Market Cap	22702836172.800	-186%	64990106506.260	66559915843.385	-2%	56395400394.108	+15%	89218739725.789	-27%	95951220346.388	-32%
Net Profit Margin	-	-	-0.065	0.029	-324%	-0.023	-64%	0.003	-2541%	0.030	-318%
Operating Margin	-	-	-	-	0%	0.004	-100%	0.011	-100%	0.027	-100%
Operating Ratio	-	-	1.853	1.478	+25%	1.244	+49%	0.839	+121%	0.737	+151%
Pb Ratio	0.410	+14%	0.351	0.407	-14%	0.448	-22%	0.644	-46%	0.819	-57%
Pe Ratio	-4.263	-17%	-3.654	2.182	-267%	19.712	-119%	14.834	-125%	17.407	-121%
Price Per Share	4.830	+14%	4.140	4.240	-2%	3.593	+15%	3.709	+12%	5.129	-19%
Price To Free Cash Flow Ratio	-1.624	-17%	-1.392	-1.749	+26%	6.280	-122%	0.794	-275%	4.394	-132%
Price To Total Gains Ratio	4.048	+14%	3.470	-2.583	+174%	3.936	-12%	-2.094	+160%	0.751	+362%
Quick Ratio	-	-	0.279	0.318	-12%	0.312	-10%	0.316	-12%	0.253	+10%
Return On Assets	-	-	-0.008	0.005	-244%	-0.005	-35%	0.000	-93245%	0.003	-344%
Return On Equity	-	-	-0.031	0.020	-258%	-0.022	-28%	-0.002	-93%	0.012	-366%
Total Gains Per Share	-	-	1.193	1.158	+3%	-0.061	+105%	0.563	+112%	0.477	+150%
Usd Book Value	-	-	23629262439.322	21101384246.040	+12%	16149023248.844	+46%	18746557282.728	+26%	16277953493.625	+45%
Usd Book Value Change Per Share	-	-	0.132	0.122	+8%	-0.039	+130%	0.046	+188%	0.024	+460%
Usd Book Value Per Share	-	-	1.505	1.344	+12%	1.029	+46%	1.104	+36%	1.045	+44%
Usd Dividend Per Share	-	-	0.021	0.026	-19%	0.032	-34%	0.026	-21%	0.037	-45%
Usd Eps	-	-	-0.036	0.021	-274%	-0.022	-40%	-0.006	-83%	0.005	-867%
Usd Free Cash Flow	-	-	-1490675361.486	-478570944.754	-68%	-282908728.390	-81%	-443029355.374	-70%	-23272684.453	-98%
Usd Free Cash Flow Per Share	-	-	-0.095	-0.030	-68%	-0.018	-81%	-0.054	-44%	-0.002	-98%
Usd Free Cash Flow To Equity Per Share	-	-	-0.095	-0.015	-84%	-0.001	-99%	-0.004	-96%	0.010	-1011%
Usd Market Cap	2899152179.267	-186%	8299236600.849	8499701253.200	-2%	7201692630.328	+15%	11393233062.983	-27%	12252970838.234	-32%
Usd Price Per Share	0.617	+14%	0.529	0.541	-2%	0.459	+15%	0.474	+12%	0.655	-19%
Usd Profit	-	-	-567840913.581	374966292.274	-251%	-341836728.286	-40%	-10470613.213	-98%	120889030.098	-570%
Usd Revenue	-	-	8697438090.666	10994411507.141	-21%	13017426629.202	-33%	9976042446.979	-13%	7984623087.491	+9%
Usd Total Gains Per Share	-	-	0.152	0.148	+3%	-0.008	+105%	0.072	+112%	0.061	+150%
	EOD	+4 -4	MRQ	TTM	+12 -22	YOY	+16 -19	5Y	+16 -20	10Y	+18 -18

3.2. Fundamental Score

Let's check the fundamental score of Huaneng Power International based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-4.263
Price to Book Ratio (EOD)	Between	0-1	0.410
Net Profit Margin (MRQ)	Greater than	0	-0.065
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.279
Current Ratio (MRQ)	Greater than	1	0.553
Debt to Asset Ratio (MRQ)	Less than	1	0.683
Debt to Equity Ratio (MRQ)	Less than	1	2.799
Return on Equity (MRQ)	Greater than	0.15	-0.031
Return on Assets (MRQ)	Greater than	0.05	-0.008
Total			2/10 (20.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of Huaneng Power International based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	48.645
Ma 20	Greater than	Ma 50	4.938
Ma 50	Greater than	Ma 100	4.661
Ma 100	Greater than	Ma 200	4.440
Open	Greater than	Close	4.900
Total			4/5 (80.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in CNY. All numbers in thousands.

Summary

Total Assets	541,159,281
Total Liabilities	369,796,720
Total Stockholder Equity	132,138,664

	As reported
Total Liabilities	369,796,720
Total Stockholder Equity	+ 132,138,664
Total Assets	= 541,159,281

Assets

Total Assets	541,159,281
Total Current Assets	90,744,158
Long-term Assets	450,415,123

Total Current Assets

Total Current Assets (as reported)	90,744,158
Cash And Cash Equivalents	16,849,858
Net Receivables	45,826,248
Inventory	11,899,339
Other Current Assets	5,860,330
Total Current Assets (calculated)	80,435,774
+/-	10,308,384

Long-term Assets

Long-term Assets (as reported)	450,415,123
Property Plant Equipment	374,417,077
Goodwill	11,644,122
Intangible Assets	15,681,758
Long-term Assets Other	11,985,658
Long-term Assets (calculated)	413,728,615
+/-	36,686,508

Liabilities & Shareholders' Equity

Total Current Liabilities	163,999,354
Long-term Liabilities	205,797,365
Total Stockholder Equity	132,138,664

Total Current Liabilities

Total Current Liabilities (as reported)	163,999,354
Short Long Term Debt	57,232,729
Accounts payable	22,562,908
Other Current Liabilities	6,746,359
Total Current Liabilities (calculated)	86,541,996
+/-	77,457,358

Long-term Liabilities

Long-term Liabilities (as reported)	205,797,365
Long term Debt	190,386,213
Capital Lease Obligations Min Short Term Debt	6,158,441
Long-term Liabilities Other	5,980,775
Long-term Liabilities (calculated)	202,525,429
+/-	3,271,936

Total Stockholder Equity

Total Stockholder Equity (as reported)	132,138,664
Retained Earnings	12,237,799
Total Stockholder Equity (calculated)	12,237,799
+/-	119,900,865

Other

Capital Stock	15,698,093
Common Stock Shares Outstanding	15,698,093
Net Debt	230,769,084
Net Invested Capital	379,757,606
Net Working Capital	-73,255,196
Property Plant and Equipment Gross	374,417,077

Balance Sheet

Currency in CNY. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2018-12-31

2018-06-30

2017-12-31

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2007-12-31

2007-09-30

2007-06-30

2006-12-31

2006-06-30

2005-12-31

2005-09-30

2005-06-30

2004-12-31

2004-06-30

2004-03-31

2003-12-31

2003-06-30

2002-12-31

2002-06-30

2001-12-31

2001-06-30

2000-12-31

2000-06-30

1999-12-31

1999-06-30

1998-12-31

1997-12-31

1996-12-31

1995-12-31

> Total Assets

22,165,084
25,617,991
35,488,849
38,142,548
41,366,394
40,582,410
40,538,130
42,412,051
43,816,238
47,301,231
43,095,119
48,465,600
47,379,453
53,609,705
55,126,227
58,520,138
72,779,905
92,426,331
90,932,028
99,480,359
105,226,420
113,437,695
109,671,172
110,132,433
124,304,293
154,617,263
162,017,713
165,917,758
168,341,661
175,845,839
188,446,334
197,887,179
199,798,665
206,565,272
209,930,797
227,938,213
255,973,713
253,105,684
257,415,874
257,893,983
261,411,222
256,902,164
259,100,372
256,171,935
262,514,602
255,668,125
262,232,760
259,747,521
265,576,860
275,171,768
294,379,004
305,630,652
297,296,702
308,866,354
297,904,389
307,107,004
299,723,834
314,839,739
375,542,682
399,125,211
396,589,511
398,785,889
419,903,311
417,494,327
0
428,250,063
0
439,351,881
0
449,904,658
0
459,537,104
453,462,576
500,771,223
488,810,999
490,020,643
486,109,693
512,221,773
507,997,217
525,933,362
521,673,674
541,159,281

541,159,281

521,673,674

525,933,362

507,997,217

512,221,773

486,109,693

490,020,643

488,810,999

500,771,223

453,462,576

459,537,104

449,904,658

439,351,881

428,250,063

417,494,327

419,903,311

398,785,889

396,589,511

399,125,211

375,542,682

314,839,739

299,723,834

307,107,004

297,904,389

308,866,354

297,296,702

305,630,652

294,379,004

275,171,768

265,576,860

259,747,521

262,232,760

255,668,125

262,514,602

256,171,935

259,100,372

256,902,164

261,411,222

257,893,983

257,415,874

253,105,684

255,973,713

227,938,213

209,930,797

206,565,272

199,798,665

197,887,179

188,446,334

175,845,839

168,341,661

165,917,758

162,017,713

154,617,263

124,304,293

110,132,433

109,671,172

113,437,695

105,226,420

99,480,359

90,932,028

92,426,331

72,779,905

58,520,138

55,126,227

53,609,705

47,379,453

48,465,600

43,095,119

47,301,231

43,816,238

42,412,051

40,538,130

40,582,410

41,366,394

38,142,548

35,488,849

25,617,991

22,165,084

> Total Current Assets

7,805,968
9,820,327
7,960,007
5,709,957
6,843,489
5,866,038
6,882,694
10,048,677
7,476,387
10,765,842
7,312,539
7,686,172
5,551,120
8,303,200
9,608,825
0
9,653,656
12,555,412
12,608,882
12,068,106
11,592,656
13,207,359
13,943,569
14,342,183
18,552,281
19,051,629
24,763,299
20,018,177
21,952,692
21,488,546
21,546,971
24,189,765
25,538,826
28,679,599
28,674,460
31,556,149
38,751,149
38,064,761
36,417,338
37,952,189
41,136,351
35,953,806
36,086,261
35,566,307
39,215,652
31,864,876
34,186,911
32,783,087
34,837,631
37,865,284
34,122,517
34,334,103
30,931,811
33,565,403
30,977,034
31,100,598
30,456,252
36,966,616
45,362,038
50,532,702
48,537,710
56,185,714
61,799,069
60,146,363
60,567,102
60,781,401
61,995,782
65,944,736
63,104,365
66,137,631
70,444,889
71,816,261
71,544,639
92,471,125
89,736,850
81,193,246
82,786,160
86,721,862
90,017,141
92,764,273
91,324,274
90,744,158

90,744,158

91,324,274

92,764,273

90,017,141

86,721,862

82,786,160

81,193,246

89,736,850

92,471,125

71,544,639

71,816,261

70,444,889

66,137,631

63,104,365

65,944,736

61,995,782

60,781,401

60,567,102

60,146,363

61,799,069

56,185,714

48,537,710

50,532,702

45,362,038

36,966,616

30,456,252

31,100,598

30,977,034

33,565,403

30,931,811

34,334,103

34,122,517

37,865,284

34,837,631

32,783,087

34,186,911

31,864,876

39,215,652

35,566,307

36,086,261

35,953,806

41,136,351

37,952,189

36,417,338

38,064,761

38,751,149

31,556,149

28,674,460

28,679,599

25,538,826

24,189,765

21,546,971

21,488,546

21,952,692

20,018,177

24,763,299

19,051,629

18,552,281

14,342,183

13,943,569

13,207,359

11,592,656

12,068,106

12,608,882

12,555,412

9,653,656

9,608,825

8,303,200

5,551,120

7,686,172

7,312,539

10,765,842

7,476,387

10,048,677

6,882,694

5,866,038

6,843,489

5,709,957

7,960,007

9,820,327

7,805,968

Cash And Cash Equivalents

2,186,604
1,767,559
1,479,565
2,185,630
3,239,213
3,743,712
4,719,234
1,985,805
4,834,862
2,173,526
3,726,528
3,002,882
1,011,938
4,128,653
5,242,331
0
2,295,531
2,724,728
3,929,055
2,648,746
2,411,266
3,202,589
3,310,099
4,307,068
7,312,743
4,548,175
9,661,559
5,765,873
7,764,781
6,256,108
6,302,741
5,452,050
6,277,607
6,043,303
8,929,279
9,547,908
11,959,352
13,678,575
8,670,015
10,464,387
13,535,111
12,156,886
10,505,387
11,113,842
15,621,406
10,387,169
9,307,184
9,233,214
11,660,154
12,238,367
9,282,019
9,992,121
9,827,522
7,478,250
9,057,936
8,858,985
7,650,273
7,810,501
11,143,444
12,125,254
9,282,390
16,264,513
15,402,578
12,944,695
0
12,443,258
0
15,389,507
0
13,257,892
0
14,135,503
14,484,105
16,350,332
16,957,346
15,582,951
17,061,961
17,175,575
18,697,627
16,867,876
18,754,322
16,849,858

16,849,858

18,754,322

16,867,876

18,697,627

17,175,575

17,061,961

15,582,951

16,957,346

16,350,332

14,484,105

14,135,503

13,257,892

15,389,507

12,443,258

12,944,695

15,402,578

16,264,513

9,282,390

12,125,254

11,143,444

7,810,501

7,650,273

8,858,985

9,057,936

7,478,250

9,827,522

9,992,121

9,282,019

12,238,367

11,660,154

9,233,214

9,307,184

10,387,169

15,621,406

11,113,842

10,505,387

12,156,886

13,535,111

10,464,387

8,670,015

13,678,575

11,959,352

9,547,908

8,929,279

6,043,303

6,277,607

5,452,050

6,302,741

6,256,108

7,764,781

5,765,873

9,661,559

4,548,175

7,312,743

4,307,068

3,310,099

3,202,589

2,411,266

2,648,746

3,929,055

2,724,728

2,295,531

5,242,331

4,128,653

1,011,938

3,002,882

3,726,528

2,173,526

4,834,862

1,985,805

4,719,234

3,743,712

3,239,213

2,185,630

1,479,565

1,767,559

2,186,604

Short-term Investments

0
0
0
0
0
0
0
59,922
130,821
1,101
1,057,949
1,141,613
934,338
145,000
72
0
12,641
7,641
0
2,656
40,339
100,034
0
0
0
0
0
0
50,196
0
32,552
0
52,992
7,496
0
0
199,427
0
96,154
95,440
96,214
90,008
93,753
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
440,551
0
457,727
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

457,727

440,551

93,753

90,008

96,214

95,440

96,154

199,427

7,496

52,992

32,552

50,196

100,034

40,339

2,656

7,641

12,641

145,000

934,338

1,141,613

1,057,949

1,101

130,821

59,922

Net Receivables

1,912,550
2,959,209
3,125,549
1,169,809
1,883,263
1,431,942
1,463,217
7,145,398
1,778,349
1,646,907
1,753,502
2,604,988
2,667,609
3,063,445
3,611,402
3,645,833
5,696,427
7,059,010
0
6,291,985
6,675,985
7,148,491
7,661,147
7,286,164
8,699,021
9,317,922
8,161,754
8,894,220
8,487,370
10,468,771
9,006,396
12,850,644
13,852,536
13,471,654
14,129,029
16,685,174
19,043,000
14,349,044
19,978,093
17,217,320
19,373,837
14,671,714
16,952,141
15,821,162
15,432,041
14,482,223
16,696,898
16,222,265
14,729,928
16,968,973
16,839,093
16,705,865
14,324,692
19,177,323
15,654,997
15,149,313
15,945,388
20,223,169
22,785,024
25,204,038
30,198,651
30,595,284
33,804,164
32,719,278
29,639,616
36,760,766
33,902,854
40,469,550
37,203,791
43,726,835
43,054,313
42,617,017
41,538,250
48,098,047
51,416,033
44,151,828
43,910,468
39,930,824
48,397,190
44,763,525
42,320,722
45,826,248

45,826,248

42,320,722

44,763,525

48,397,190

39,930,824

43,910,468

44,151,828

51,416,033

48,098,047

41,538,250

42,617,017

43,054,313

43,726,835

37,203,791

40,469,550

33,902,854

36,760,766

29,639,616

32,719,278

33,804,164

30,595,284

30,198,651

25,204,038

22,785,024

20,223,169

15,945,388

15,149,313

15,654,997

19,177,323

14,324,692

16,705,865

16,839,093

16,968,973

14,729,928

16,222,265

16,696,898

14,482,223

15,432,041

15,821,162

16,952,141

14,671,714

19,373,837

17,217,320

19,978,093

14,349,044

19,043,000

16,685,174

14,129,029

13,471,654

13,852,536

12,850,644

9,006,396

10,468,771

8,487,370

8,894,220

8,161,754

9,317,922

8,699,021

7,286,164

7,661,147

7,148,491

6,675,985

6,291,985

7,059,010

5,696,427

3,645,833

3,611,402

3,063,445

2,667,609

2,604,988

1,753,502

1,646,907

1,778,349

7,145,398

1,463,217

1,431,942

1,883,263

1,169,809

3,125,549

2,959,209

1,912,550

Inventory

383,176
569,270
618,486
517,431
566,221
543,415
492,066
563,010
732,347
719,125
774,553
923,428
925,365
800,282
717,873
977,796
1,431,408
2,538,942
2,365,863
2,312,299
2,261,297
2,118,448
2,765,561
2,719,307
2,319,443
4,477,784
5,689,540
5,169,847
4,159,106
4,402,123
3,896,103
4,083,986
4,076,543
5,211,687
4,411,036
5,190,435
7,103,483
7,284,555
7,525,621
7,923,125
8,086,976
7,313,816
7,022,384
7,439,615
6,544,903
6,112,856
6,469,026
6,259,910
6,690,458
6,702,274
6,615,852
6,054,347
5,701,532
5,422,732
5,156,493
5,334,865
5,708,341
6,879,143
6,970,829
8,398,282
7,385,411
8,950,286
9,543,691
10,270,284
9,214,918
8,883,183
7,636,019
8,036,983
7,480,105
6,602,459
6,688,353
8,682,327
7,552,012
16,824,431
8,678,012
12,511,958
11,927,223
12,701,908
10,119,759
14,140,057
10,799,171
11,899,339

11,899,339

10,799,171

14,140,057

10,119,759

12,701,908

11,927,223

12,511,958

8,678,012

16,824,431

7,552,012

8,682,327

6,688,353

6,602,459

7,480,105

8,036,983

7,636,019

8,883,183

9,214,918

10,270,284

9,543,691

8,950,286

7,385,411

8,398,282

6,970,829

6,879,143

5,708,341

5,334,865

5,156,493

5,422,732

5,701,532

6,054,347

6,615,852

6,702,274

6,690,458

6,259,910

6,469,026

6,112,856

6,544,903

7,439,615

7,022,384

7,313,816

8,086,976

7,923,125

7,525,621

7,284,555

7,103,483

5,190,435

4,411,036

5,211,687

4,076,543

4,083,986

3,896,103

4,402,123

4,159,106

5,169,847

5,689,540

4,477,784

2,319,443

2,719,307

2,765,561

2,118,448

2,261,297

2,312,299

2,365,863

2,538,942

1,431,408

977,796

717,873

800,282

925,365

923,428

774,553

719,125

732,347

563,010

492,066

543,415

566,221

517,431

618,486

569,270

383,176

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
357,347,964
0
367,468,662
0
373,407,145
0
383,767,027
0
387,720,844
381,917,937
408,300,099
399,074,149
398,614,127
403,323,533
415,884,116
417,980,076
423,730,922
430,349,400
450,415,123

450,415,123

430,349,400

423,730,922

417,980,076

415,884,116

403,323,533

398,614,127

399,074,149

408,300,099

381,917,937

387,720,844

383,767,027

373,407,145

367,468,662

357,347,964

Property Plant Equipment

14,265,821
15,708,871
27,400,508
32,315,858
34,406,184
34,603,053
33,546,050
32,177,953
38,324,508
37,557,114
37,433,157
41,563,685
40,065,819
43,696,224
43,054,683
44,490,551
57,780,410
65,540,500
54,775,749
78,997,297
84,849,271
85,097,496
78,414,161
79,602,243
86,160,658
97,216,546
107,874,099
116,737,198
118,695,480
113,443,994
136,730,506
135,011,209
142,928,094
139,323,575
148,903,125
151,549,351
171,915,290
174,681,088
177,196,202
176,379,554
176,242,358
177,978,691
177,392,840
176,958,810
176,290,911
179,748,356
180,102,671
182,185,408
181,412,837
187,561,199
213,041,310
212,890,839
215,432,816
216,251,297
213,711,020
214,622,101
218,570,342
219,610,483
273,027,941
271,147,943
284,328,093
278,822,750
282,061,272
290,944,360
273,223,430
282,937,953
283,093,775
288,362,281
291,892,948
302,094,626
301,594,681
304,434,850
308,181,761
324,225,729
324,224,991
324,965,412
328,143,069
339,848,807
341,982,820
347,269,848
355,534,094
374,417,077

374,417,077

355,534,094

347,269,848

341,982,820

339,848,807

328,143,069

324,965,412

324,224,991

324,225,729

308,181,761

304,434,850

301,594,681

302,094,626

291,892,948

288,362,281

283,093,775

282,937,953

273,223,430

290,944,360

282,061,272

278,822,750

284,328,093

271,147,943

273,027,941

219,610,483

218,570,342

214,622,101

213,711,020

216,251,297

215,432,816

212,890,839

213,041,310

187,561,199

181,412,837

182,185,408

180,102,671

179,748,356

176,290,911

176,958,810

177,392,840

177,978,691

176,242,358

176,379,554

177,196,202

174,681,088

171,915,290

151,549,351

148,903,125

139,323,575

142,928,094

135,011,209

136,730,506

113,443,994

118,695,480

116,737,198

107,874,099

97,216,546

86,160,658

79,602,243

78,414,161

85,097,496

84,849,271

78,997,297

54,775,749

65,540,500

57,780,410

44,490,551

43,054,683

43,696,224

40,065,819

41,563,685

37,433,157

37,557,114

38,324,508

32,177,953

33,546,050

34,603,053

34,406,184

32,315,858

27,400,508

15,708,871

14,265,821

Goodwill

0
0
0
0
0
0
0
0
0
0
0
2,675
0
-1,432,070
0
0
0
1,616,237
0
672,070
671,796
670,835
553,924
140,227
555,303
11,839,690
10,814,236
11,108,096
10,108,912
11,021,097
10,828,942
11,610,998
10,940,195
11,554,482
11,405,900
12,640,904
14,884,673
13,487,734
13,890,179
13,535,904
14,115,133
13,781,995
14,417,543
13,641,215
13,870,400
12,748,664
12,758,031
12,434,970
13,090,776
11,725,555
10,794,188
12,719,023
10,760,446
11,677,182
10,364,681
12,404,802
10,583,140
12,135,729
12,271,918
15,549,874
15,484,120
15,387,868
15,572,227
15,732,935
0
15,934,955
0
15,740,493
0
14,738,016
0
14,459,643
11,332,925
14,276,224
11,198,211
14,490,573
11,783,902
14,384,909
11,503,935
14,733,362
11,685,407
11,644,122

11,644,122

11,685,407

14,733,362

11,503,935

14,384,909

11,783,902

14,490,573

11,198,211

14,276,224

11,332,925

14,459,643

14,738,016

15,740,493

15,934,955

15,732,935

15,572,227

15,387,868

15,484,120

15,549,874

12,271,918

12,135,729

10,583,140

12,404,802

10,364,681

11,677,182

10,760,446

12,719,023

10,794,188

11,725,555

13,090,776

12,434,970

12,758,031

12,748,664

13,870,400

13,641,215

14,417,543

13,781,995

14,115,133

13,535,904

13,890,179

13,487,734

14,884,673

12,640,904

11,405,900

11,554,482

10,940,195

11,610,998

10,828,942

11,021,097

10,108,912

11,108,096

10,814,236

11,839,690

555,303

140,227

553,924

670,835

671,796

672,070

1,616,237

-1,432,070

2,675

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,876,285
0
23,518,154
20,972,247
21,583,079
21,453,716
22,772,382
0
21,562,477
0
22,594,834
0
23,040,323
0
23,439,079
0
23,766,974
0
0
0
0
0
0
0
0

23,766,974

23,439,079

23,040,323

22,594,834

21,562,477

22,772,382

21,453,716

21,583,079

20,972,247

23,518,154

22,876,285

Intangible Assets

0
0
0
0
0
0
0
0
-2,345,899
0
-2,099,058
-1,851,840
-1,723,892
1,037,856
-973,498
0
439,081
2,369,968
0
1,680,451
1,661,394
2,010,593
2,041,706
2,136,681
2,269,360
6,912,050
6,697,782
6,707,265
6,532,545
6,636,482
6,904,046
8,144,914
7,321,099
7,660,544
7,216,479
8,164,014
10,504,343
10,253,401
10,168,285
10,302,154
10,196,993
10,395,687
4,500,030
10,269,782
4,279,336
10,171,010
4,303,280
10,447,125
4,439,901
4,173,068
11,414,083
4,109,436
12,257,663
4,130,351
12,057,613
4,374,190
12,033,915
4,260,507
14,277,063
4,519,726
4,614,130
3,880,557
4,713,513
4,603,354
0
4,934,062
0
4,717,379
0
17,445,021
0
5,463,251
13,780,340
4,416,395
14,186,357
6,060,613
14,358,246
6,425,752
14,651,782
6,520,166
14,739,702
15,681,758

15,681,758

14,739,702

6,520,166

14,651,782

6,425,752

14,358,246

6,060,613

14,186,357

4,416,395

13,780,340

5,463,251

17,445,021

4,717,379

4,934,062

4,603,354

4,713,513

3,880,557

4,614,130

4,519,726

14,277,063

4,260,507

12,033,915

4,374,190

12,057,613

4,130,351

12,257,663

4,109,436

11,414,083

4,173,068

4,439,901

10,447,125

4,303,280

10,171,010

4,279,336

10,269,782

4,500,030

10,395,687

10,196,993

10,302,154

10,168,285

10,253,401

10,504,343

8,164,014

7,216,479

7,660,544

7,321,099

8,144,914

6,904,046

6,636,482

6,532,545

6,707,265

6,697,782

6,912,050

2,269,360

2,136,681

2,041,706

2,010,593

1,661,394

1,680,451

2,369,968

439,081

-973,498

1,037,856

-1,723,892

-1,851,840

-2,099,058

-2,345,899

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
1,396,108
1,610,259
0
2,819,557
5,345,808
10,434,116
0
8,379,224
8,784,493
10,267,847
14,364,928
0
17,427,632
36,690,834
0
29,162,383
0
40,154,293
0
36,991,092
0
37,007,324
0
43,608,817
44,192,062
0
42,765,142
0
43,060,173
0
44,323,958
0
45,839,611
0
46,648,457
0
47,764,204
48,011,687
0
51,180,859
0
51,591,835
0
53,628,973
0
52,840,529
0
58,761,503
5,771,056
5,545,402
6,391,844
7,077,860
22,686,588
21,754,099
21,765,780
21,821,417
21,841,058
21,296,564
22,724,481
23,369,955
24,627,290
24,314,709
25,445,282
23,990,940
24,804,617
25,209,952
0
8,807,303
0
0

8,807,303

25,209,952

24,804,617

23,990,940

25,445,282

24,314,709

24,627,290

23,369,955

22,724,481

21,296,564

21,841,058

21,821,417

21,765,780

21,754,099

22,686,588

7,077,860

6,391,844

5,545,402

5,771,056

58,761,503

52,840,529

53,628,973

51,591,835

51,180,859

48,011,687

47,764,204

46,648,457

45,839,611

44,323,958

43,060,173

42,765,142

44,192,062

43,608,817

37,007,324

36,991,092

40,154,293

29,162,383

36,690,834

17,427,632

14,364,928

10,267,847

8,784,493

8,379,224

10,434,116

5,345,808

2,819,557

1,610,259

1,396,108

> Total Liabilities

10,137,513
12,276,653
20,486,214
18,296,369
20,587,585
19,318,671
18,145,071
18,663,052
19,308,721
18,516,285
14,500,841
17,135,890
15,708,725
18,499,132
31,521,240
23,762,550
33,247,973
50,799,364
53,083,076
53,317,305
59,582,456
62,901,590
61,823,810
61,453,630
72,221,228
107,508,634
0
123,357,805
125,811,889
131,147,813
141,252,948
147,239,059
150,029,666
157,191,073
160,811,247
165,512,741
195,229,082
194,845,004
197,858,121
197,945,123
200,384,396
194,121,261
193,140,030
187,901,577
193,603,025
183,436,991
187,039,786
180,567,751
186,883,252
190,389,062
207,321,537
213,763,926
206,642,853
207,172,665
196,514,821
204,680,174
201,036,723
212,653,002
282,473,593
294,654,726
288,974,907
290,031,807
303,781,641
298,393,647
0
297,871,017
0
289,323,521
0
298,288,460
0
330,671,904
315,615,920
367,213,210
365,440,560
380,391,975
366,313,844
396,557,251
362,178,768
387,371,308
365,296,531
369,796,720

369,796,720

365,296,531

387,371,308

362,178,768

396,557,251

366,313,844

380,391,975

365,440,560

367,213,210

315,615,920

330,671,904

298,288,460

289,323,521

297,871,017

298,393,647

303,781,641

290,031,807

288,974,907

294,654,726

282,473,593

212,653,002

201,036,723

204,680,174

196,514,821

207,172,665

206,642,853

213,763,926

207,321,537

190,389,062

186,883,252

180,567,751

187,039,786

183,436,991

193,603,025

187,901,577

193,140,030

194,121,261

200,384,396

197,945,123

197,858,121

194,845,004

195,229,082

165,512,741

160,811,247

157,191,073

150,029,666

147,239,059

141,252,948

131,147,813

125,811,889

123,357,805

107,508,634

72,221,228

61,453,630

61,823,810

62,901,590

59,582,456

53,317,305

53,083,076

50,799,364

33,247,973

23,762,550

31,521,240

18,499,132

15,708,725

17,135,890

14,500,841

18,516,285

19,308,721

18,663,052

18,145,071

19,318,671

20,587,585

18,296,369

20,486,214

12,276,653

10,137,513

> Total Current Liabilities

3,037,089
3,575,781
7,850,717
4,102,195
6,471,803
6,745,584
5,755,078
7,061,459
7,594,816
8,923,928
5,798,709
7,652,944
7,519,217
9,242,414
7,915,918
13,104,552
16,732,964
23,107,098
20,615,035
23,116,594
26,882,350
26,466,477
29,745,267
28,556,874
31,378,620
53,640,213
63,428,454
52,486,200
54,042,149
58,375,720
51,209,585
59,581,608
59,606,161
67,165,024
71,394,907
83,636,880
100,536,002
101,952,461
96,597,620
87,420,399
88,836,441
84,663,745
93,594,320
88,613,555
96,177,170
85,754,767
98,978,845
93,015,875
102,319,640
104,846,121
107,793,391
123,893,775
116,748,946
123,836,633
111,659,501
115,721,525
112,359,771
130,196,251
159,579,673
169,497,268
155,950,488
141,276,474
138,206,214
147,350,636
142,280,566
141,620,410
135,896,257
136,127,598
135,669,970
154,048,091
147,299,206
143,980,071
150,211,163
186,398,301
170,749,589
166,955,340
168,917,398
171,333,346
147,096,707
157,210,253
154,808,897
163,999,354

163,999,354

154,808,897

157,210,253

147,096,707

171,333,346

168,917,398

166,955,340

170,749,589

186,398,301

150,211,163

143,980,071

147,299,206

154,048,091

135,669,970

136,127,598

135,896,257

141,620,410

142,280,566

147,350,636

138,206,214

141,276,474

155,950,488

169,497,268

159,579,673

130,196,251

112,359,771

115,721,525

111,659,501

123,836,633

116,748,946

123,893,775

107,793,391

104,846,121

102,319,640

93,015,875

98,978,845

85,754,767

96,177,170

88,613,555

93,594,320

84,663,745

88,836,441

87,420,399

96,597,620

101,952,461

100,536,002

83,636,880

71,394,907

67,165,024

59,606,161

59,581,608

51,209,585

58,375,720

54,042,149

52,486,200

63,428,454

53,640,213

31,378,620

28,556,874

29,745,267

26,466,477

26,882,350

23,116,594

20,615,035

23,107,098

16,732,964

13,104,552

7,915,918

9,242,414

7,519,217

7,652,944

5,798,709

8,923,928

7,594,816

7,061,459

5,755,078

6,745,584

6,471,803

4,102,195

7,850,717

3,575,781

3,037,089

Short-term Debt

2,044,995
2,300,316
1,960,609
1,150,767
1,538,067
1,906,086
1,395,800
3,004,944
1,744,844
5,627,075
2,248,122
2,963,925
2,999,753
4,642,436
4,601,842
0
9,642,240
15,922,690
0
14,691,106
16,985,179
16,209,965
19,589,170
12,630,550
20,955,973
41,193,212
39,204,036
40,386,844
26,263,614
44,834,903
21,050,727
44,081,524
28,328,373
47,764,070
44,884,838
62,899,981
74,004,639
70,449,248
69,377,605
56,990,629
63,104,827
37,930,367
71,948,542
32,399,202
68,293,545
37,859,346
71,559,676
60,555,745
72,345,597
74,187,003
61,710,595
88,082,747
68,337,610
93,063,061
68,729,649
81,025,886
64,208,653
97,835,598
92,434,708
126,038,437
113,415,196
101,817,673
97,194,554
110,629,614
0
97,602,825
0
90,916,526
0
103,800,861
0
68,461,611
0
100,119,242
0
89,850,179
0
89,886,274
0
78,252,184
0
0

78,252,184

89,886,274

89,850,179

100,119,242

68,461,611

103,800,861

90,916,526

97,602,825

110,629,614

97,194,554

101,817,673

113,415,196

126,038,437

92,434,708

97,835,598

64,208,653

81,025,886

68,729,649

93,063,061

68,337,610

88,082,747

61,710,595

74,187,003

72,345,597

60,555,745

71,559,676

37,859,346

68,293,545

32,399,202

71,948,542

37,930,367

63,104,827

56,990,629

69,377,605

70,449,248

74,004,639

62,899,981

44,884,838

47,764,070

28,328,373

44,081,524

21,050,727

44,834,903

26,263,614

40,386,844

39,204,036

41,193,212

20,955,973

12,630,550

19,589,170

16,209,965

16,985,179

14,691,106

15,922,690

9,642,240

4,601,842

4,642,436

2,999,753

2,963,925

2,248,122

5,627,075

1,744,844

3,004,944

1,395,800

1,906,086

1,538,067

1,150,767

1,960,609

2,300,316

2,044,995

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
176,266,977
0
242,883,009
22,095,491
21,660,142
24,618,446
110,629,614
0
97,602,825
0
90,916,526
0
103,800,861
0
90,904,102
73,718,402
124,508,581
88,700,427
89,343,944
87,277,997
83,573,497
65,933,247
69,037,986
66,440,161
57,232,729

57,232,729

66,440,161

69,037,986

65,933,247

83,573,497

87,277,997

89,343,944

88,700,427

124,508,581

73,718,402

90,904,102

103,800,861

90,916,526

97,602,825

110,629,614

24,618,446

21,660,142

22,095,491

242,883,009

176,266,977

Accounts payable

0
0
0
0
0
0
0
0
1,027,439
1,235,525
430,605
471,609
550,387
635,860
0
705,715
761,689
1,460,467
0
1,231,162
1,350,033
2,489,003
2,328,877
0
2,502,134
4,039,927
0
3,009,966
0
3,934,104
0
4,547,280
0
5,369,625
0
5,692,340
8,291,083
0
9,425,092
0
9,375,151
0
7,687,374
0
10,124,111
0
12,277,872
0
10,007,677
11,685,286
0
11,030,738
0
9,403,088
0
8,734,732
0
12,059,005
0
16,092,663
12,482,692
13,314,610
11,031,464
14,510,296
15,206,667
11,850,419
15,432,993
14,571,096
13,727,817
15,777,784
17,690,926
19,060,080
19,421,938
25,774,238
24,866,563
24,639,374
24,287,567
24,367,693
22,977,552
21,202,721
18,770,834
22,562,908

22,562,908

18,770,834

21,202,721

22,977,552

24,367,693

24,287,567

24,639,374

24,866,563

25,774,238

19,421,938

19,060,080

17,690,926

15,777,784

13,727,817

14,571,096

15,432,993

11,850,419

15,206,667

14,510,296

11,031,464

13,314,610

12,482,692

16,092,663

12,059,005

8,734,732

9,403,088

11,030,738

11,685,286

10,007,677

12,277,872

10,124,111

7,687,374

9,375,151

9,425,092

8,291,083

5,692,340

5,369,625

4,547,280

3,934,104

3,009,966

4,039,927

2,502,134

2,328,877

2,489,003

1,350,033

1,231,162

1,460,467

761,689

705,715

635,860

550,387

471,609

430,605

1,235,525

1,027,439

Other Current Liabilities

0
0
0
0
0
0
0
0
3,456,917
2,493,340
2,305,678
2,663,919
2,956,504
3,964,112
0
3,828,954
6,329,027
4,585,781
0
7,190,881
8,547,138
6,573,987
6,624,180
0
12,140,068
12,765,672
0
9,089,390
0
19,018,479
0
18,029,430
0
15,949,640
0
16,533,760
20,401,413
0
14,962,157
0
29,297,341
0
11,646,759
0
15,876,488
0
13,345,075
0
18,039,784
16,092,403
0
20,944,004
0
17,529,962
0
22,233,112
0
19,733,004
0
26,980,070
29,581,619
23,413,497
26,610,526
4,826,400
20,960,207
28,417,066
23,728,222
25,475,471
24,969,111
30,219,654
28,532,471
31,145,948
35,174,934
32,665,006
28,915,095
27,418,280
37,070,507
33,964,071
6,957,567
30,696,007
5,856,449
6,746,359

6,746,359

5,856,449

30,696,007

6,957,567

33,964,071

37,070,507

27,418,280

28,915,095

32,665,006

35,174,934

31,145,948

28,532,471

30,219,654

24,969,111

25,475,471

23,728,222

28,417,066

20,960,207

4,826,400

26,610,526

23,413,497

29,581,619

26,980,070

19,733,004

22,233,112

17,529,962

20,944,004

16,092,403

18,039,784

13,345,075

15,876,488

11,646,759

29,297,341

14,962,157

20,401,413

16,533,760

15,949,640

18,029,430

19,018,479

9,089,390

12,765,672

12,140,068

6,624,180

6,573,987

8,547,138

7,190,881

4,585,781

6,329,027

3,828,954

3,964,112

2,956,504

2,663,919

2,305,678

2,493,340

3,456,917

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
151,043,011
0
156,250,607
0
153,195,923
0
144,240,369
0
162,539,691
165,404,757
180,814,909
194,690,971
193,180,804
197,396,446
204,728,581
215,082,061
208,991,284
210,487,634
205,797,365

205,797,365

210,487,634

208,991,284

215,082,061

204,728,581

197,396,446

193,180,804

194,690,971

180,814,909

165,404,757

162,539,691

144,240,369

153,195,923

156,250,607

151,043,011

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
124,153,912
140,087,421
156,648,950
142,228,565
0
148,131,638
0
145,266,635
0
136,265,435
0
153,244,974
0
172,393,481
0
186,086,088
0
196,362,109
0
201,017,784
0
0

201,017,784

196,362,109

186,086,088

172,393,481

153,244,974

136,265,435

145,266,635

148,131,638

142,228,565

156,648,950

140,087,421

124,153,912

Other Liabilities

0
0
0
0
0
0
0
0
0
14,875
0
0
0
0
0
0
13,000
14,500
0
168,328
185,947
241,327
357,827
0
746,908
1,021,660
0
638,164
0
1,859,121
0
2,270,109
0
2,382,607
0
2,415,929
3,165,541
0
3,003,980
0
3,209,292
0
3,435,241
0
2,933,348
0
2,902,482
0
2,957,044
3,237,318
0
3,542,371
0
3,663,865
0
3,498,981
0
3,406,715
0
4,988,642
5,101,706
6,341,254
6,655,092
6,368,071
6,169,929
6,410,063
6,524,623
6,185,763
6,320,309
6,288,102
7,140,918
7,702,239
8,592,010
7,636,974
7,688,202
7,432,731
7,250,599
8,577,383
8,639,210
8,255,860
0
0

8,255,860

8,639,210

8,577,383

7,250,599

7,432,731

7,688,202

7,636,974

8,592,010

7,702,239

7,140,918

6,288,102

6,320,309

6,185,763

6,524,623

6,410,063

6,169,929

6,368,071

6,655,092

6,341,254

5,101,706

4,988,642

3,406,715

3,498,981

3,663,865

3,542,371

3,237,318

2,957,044

2,902,482

2,933,348

3,435,241

3,209,292

3,003,980

3,165,541

2,415,929

2,382,607

2,270,109

1,859,121

638,164

1,021,660

746,908

357,827

241,327

185,947

168,328

14,500

13,000

14,875

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
194,850
0
295,882
278,081
292,696
334,170
183,377
187,801
132,462
127,975
123,027
124,411
565,377
123,707
600,346
154,290
267,989
263,745
274,042
268,319
264,954
0
0
0
0

264,954

268,319

274,042

263,745

267,989

154,290

600,346

123,707

565,377

124,411

123,027

127,975

132,462

187,801

183,377

334,170

292,696

278,081

295,882

194,850

> Total Stockholder Equity

0
0
0
0
0
0
0
0
24,095,050
28,293,530
28,946,455
29,169,477
31,684,987
33,955,355
0
33,422,771
36,265,519
35,789,949
0
40,037,474
39,185,328
41,783,022
42,392,436
0
46,119,679
41,603,787
0
36,829,320
0
38,418,954
0
41,015,519
0
39,926,710
0
52,891,269
51,273,802
0
50,075,264
0
51,386,952
0
55,580,790
0
57,319,077
0
61,747,780
0
63,568,776
69,198,219
0
70,013,431
0
79,408,970
0
79,565,541
0
81,521,509
0
69,568,349
87,641,566
87,784,788
94,435,418
96,955,693
0
108,803,735
0
127,194,799
0
129,845,923
0
128,865,200
116,779,970
113,047,814
104,694,426
109,628,668
102,397,165
115,664,522
127,578,777
138,562,054
137,459,889
132,138,664

132,138,664

137,459,889

138,562,054

127,578,777

115,664,522

102,397,165

109,628,668

104,694,426

113,047,814

116,779,970

128,865,200

129,845,923

127,194,799

108,803,735

96,955,693

94,435,418

87,784,788

87,641,566

69,568,349

81,521,509

79,565,541

79,408,970

70,013,431

69,198,219

63,568,776

61,747,780

57,319,077

55,580,790

51,386,952

50,075,264

51,273,802

52,891,269

39,926,710

41,015,519

38,418,954

36,829,320

41,603,787

46,119,679

42,392,436

41,783,022

39,185,328

40,037,474

35,789,949

36,265,519

33,422,771

33,955,355

31,684,987

29,169,477

28,946,455

28,293,530

24,095,050

Retained Earnings

1,333,620
2,410,685
3,759,766
5,270,348
5,537,208
5,825,715
6,740,137
7,868,672
7,895,037
8,987,884
8,633,366
10,393,850
10,629,633
12,818,881
15,385,504
9,272,328
11,171,984
11,098,516
12,438,486
13,463,094
12,610,623
15,936,967
15,489,979
16,089,055
18,114,867
13,956,731
0
10,569,653
10,463,729
11,234,397
12,984,627
14,293,564
14,783,549
13,189,877
13,940,868
21,209,599
19,533,407
12,581,915
19,582,024
13,258,096
21,001,120
15,746,699
17,306,157
19,704,387
19,976,709
23,346,542
24,780,003
28,352,405
26,247,328
30,085,379
35,351,104
32,612,736
37,072,553
37,313,885
41,554,051
36,346,545
39,806,890
38,690,132
35,457,343
34,525,965
35,793,257
35,877,891
34,665,305
36,265,139
43,062,231
33,677,466
40,642,248
36,268,149
44,667,004
32,164,398
42,036,743
39,816,480
35,787,741
24,199,741
23,002,376
20,470,111
18,964,650
14,889,310
8,287,946
18,941,330
17,035,277
12,237,799

12,237,799

17,035,277

18,941,330

8,287,946

14,889,310

18,964,650

20,470,111

23,002,376

24,199,741

35,787,741

39,816,480

42,036,743

32,164,398

44,667,004

36,268,149

40,642,248

33,677,466

43,062,231

36,265,139

34,665,305

35,877,891

35,793,257

34,525,965

35,457,343

38,690,132

39,806,890

36,346,545

41,554,051

37,313,885

37,072,553

32,612,736

35,351,104

30,085,379

26,247,328

28,352,405

24,780,003

23,346,542

19,976,709

19,704,387

17,306,157

15,746,699

21,001,120

13,258,096

19,582,024

12,581,915

19,533,407

21,209,599

13,940,868

13,189,877

14,783,549

14,293,564

12,984,627

11,234,397

10,463,729

10,569,653

13,956,731

18,114,867

16,089,055

15,489,979

15,936,967

12,610,623

13,463,094

12,438,486

11,098,516

11,171,984

9,272,328

15,385,504

12,818,881

10,629,633

10,393,850

8,633,366

8,987,884

7,895,037

7,868,672

6,740,137

5,825,715

5,537,208

5,270,348

3,759,766

2,410,685

1,333,620

Accumulated Other Comprehensive Income

-295,758,307

-271,516,604

-248,365,844

-190,719,553

-2,247,562

-170,953,429

-155,325,081

-127,472,921

-115,964,307

-106,877,638

-97,271,765

-84,322,637

-73,632,764

-55,759,932

-39,382,407

-41,965,880

-36,328,366

-36,323,722

-36,314,275

-30,275,068

-41,135,517

-3,184,414

-24,421,023

-23,383,109

-19,803,181

-15,949,272

-15,949,137

-12,441,109

-12,457,633

-9,304,493

-9,305,281

-6,656,280

-4,271,489

-4,271,912

-2,739,720

-980,871

-984,597

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,250,503
22,250,503
24,770,682
24,770,682
0
24,770,682
0
24,770,682
0
24,770,682
0
24,770,682
0
24,770,682
0
24,770,682
0
24,770,682
0
24,770,682
0
0

24,770,682

22,250,503

Treasury Stock

Balance Sheet

Currency in CNY. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Accounts Payable	22,562,908	24,367,693	25,774,238	15,777,784	11,850,419	11,031,464	12,597,353	12,287,134	9,403,088	11,685,285	12,639,884	7,687,373	9,425,092	5,692,340	4,547,280	3,127,165	2,502,134	2,489,003	1,231,162	761,689	635,860	471,609	1,235,525	1,672,753	-	-	-	-	-
Accumulated Other Comprehensive Income	-	-	-	-295,758,307	-271,516,604	-248,365,844	-190,719,553	-170,953,429	-155,325,081	-127,472,921	-115,964,307	-106,877,638	-97,271,765	-84,322,637	-73,632,764	-55,759,932	-41,965,880	-36,314,275	-30,275,068	-24,421,023	-19,803,181	-15,949,137	-12,457,633	-9,305,281	-6,656,280	-4,271,912	-2,739,720	-980,871	-984,597
Capital Lease Obligations	6,158,441	5,257,715	6,939,367	5,482,346	4,712,670	1,442,174	1,600,106	1,088,846	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	-	24,770,682	24,770,682	24,770,682	24,770,682	24,770,682	22,250,503	22,226,889	22,226,889	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	16,849,858	17,175,575	16,350,332	13,257,892	12,443,258	15,402,578	9,282,390	7,810,501	7,478,250	12,238,367	9,307,184	10,505,387	8,670,015	9,547,908	5,452,050	5,765,873	7,312,743	3,202,589	2,648,746	2,295,531	4,128,653	3,002,882	2,173,526	1,985,805	3,743,712	2,185,630	1,479,565	1,767,559	2,186,604
Cash And Equivalents	-	16,517,108	15,554,825	13,257,892	12,443,258	15,402,578	9,282,390	7,810,501	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	-	16,517,108	16,350,332	13,871,523	12,900,985	15,953,410	9,897,403	7,810,501	7,478,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	-	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,200,383	15,200,383	15,200,383	14,420,383	14,055,383	14,055,383	14,055,383	14,055,383	12,055,383	12,055,383	12,055,383	12,055,383	12,055,383	12,055,383	6,027,671	6,000,274	6,000,000	5,650,000	-	-	-	-	-
Common Stock Shares Outstanding	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,200,383	15,200,383	14,485,383	14,085,800	14,055,383	14,055,383	14,055,383	12,107,438	12,055,383	12,055,000	12,079,786	12,055,000	15,833,352	15,726,374	15,685,097	15,683,432	12,000,000	11,930,160	11,930,160	11,174,843	10,358,710	10,025,000	9,972,414
Common Stock Total Equity	-	-	-	15,698,093	15,698,093	15,698,093	15,200,383	15,200,383	15,200,383	14,420,383	14,055,383	14,055,383	14,055,383	14,055,383	12,055,383	12,055,383	12,056,173	12,038,092	12,060,315	12,055,387	6,027,677	6,000,838	6,001,078	5,642,699	5,649,955	5,650,349	-	-	-
Deferred Long Term Liab	-	264,954	267,989	565,377	132,462	334,170	279,799	247,160	148,123	166,055	150,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	11,644,122	14,384,909	14,276,224	14,738,016	15,934,955	15,572,227	15,484,120	12,135,729	11,677,182	11,725,555	12,758,031	14,417,543	13,890,179	12,640,904	11,610,998	11,108,096	555,303	670,835	672,070	376,726	-1,432,070	2,675	-	-	-	-	-	-	-
Intangible Assets	15,681,758	6,425,752	5,395,242	17,445,021	4,934,062	4,713,513	4,614,130	4,260,507	4,130,351	4,173,068	4,303,280	4,500,030	10,168,285	8,164,014	8,144,914	6,707,265	2,269,360	2,010,593	1,680,451	439,081	1,037,856	-1,851,840	-	-	-	-	-	-	-
Inventory	11,899,339	12,701,908	16,824,431	6,602,459	8,883,183	9,543,691	7,385,411	6,879,143	5,422,732	6,702,274	6,469,026	7,022,384	7,525,621	5,190,435	4,083,986	5,169,847	2,319,443	2,118,448	2,312,299	1,431,408	800,282	923,428	719,125	563,010	543,415	517,431	618,486	569,270	383,176
Liabilities And Stockholders Equity	-	512,221,773	501,103,534	428,134,383	406,674,752	398,217,059	376,616,473	298,655,997	291,314,613	260,518,553	249,490,451	249,270,164	248,741,050	219,301,874	189,363,242	160,187,125	119,152,890	106,296,768	93,371,150	69,513,513	52,454,506	47,554,813	46,814,885	42,412,051	40,582,410	38,142,548	35,488,849	25,617,991	22,165,084
Long Term Debt	190,386,213	190,739,573	166,254,635	132,459,800	143,851,713	155,532,824	123,024,791	77,173,332	77,289,345	81,618,453	84,240,221	95,449,511	97,699,791	79,016,053	85,066,869	68,861,869	39,324,262	35,098,619	28,862,264	15,955,289	9,153,604	9,351,299	9,575,762	11,236,215	-	-	-	-	-
Long Term Debt Total	-	196,362,109	172,393,481	136,265,435	148,131,638	156,648,950	124,153,912	77,693,533	78,192,611	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	-	-	23,766,974	23,040,323	21,562,477	21,637,383	21,122,616	23,038,145	24,647,183	21,901,403	19,579,718	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	230,769,084	257,137,494	274,412,884	223,002,769	229,011,280	237,324,800	227,157,597	167,198,429	162,874,156	142,312,629	146,492,713	156,892,667	158,407,381	132,368,126	123,696,344	103,482,840	52,970,077	48,055,649	40,916,417	23,302,007	9,667,389	9,302,732	13,031,031	12,240,828	10,468,485	12,992,906	13,116,542	9,232,800	6,957,982
Net Invested Capital	379,757,606	382,848,547	403,811,030	366,106,584	350,258,273	347,162,796	324,081,553	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	45,826,248	39,862,086	39,856,734	43,726,835	36,760,766	33,804,164	30,198,651	20,223,169	19,177,323	16,968,973	16,696,898	16,952,141	19,978,093	16,685,174	12,850,644	8,894,220	8,699,021	7,148,491	6,291,985	5,696,427	3,063,445	2,604,988	1,646,907	7,145,398	1,431,942	1,169,809	3,125,549	2,959,209	1,912,550
Net Tangible Assets	-	82,317,430	79,831,706	95,911,292	71,824,688	57,006,254	49,593,984	62,239,324	57,798,967	52,243,113	39,216,686	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	-73,255,196	-84,611,484	-93,927,177	-87,910,460	-80,839,009	-76,407,145	-107,412,778	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	450,415,123	415,884,116	408,300,099	383,767,027	367,468,662	358,104,242	348,051,801	277,873,123	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	5,980,775	5,494,696	6,022,017	692,781	823,532	965,156	904,691	1,002,675	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	205,797,365	204,728,581	180,814,909	144,240,369	156,250,607	165,575,427	133,024,419	82,456,751	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	11,985,658	9,175,678	2,200,026	1,728,332	1,659,573	2,769,078	1,904,381	797,370	867,944	850,390	659,752	587,144	3,333,443	5,391,566	155,130	748,072	12,583,840	7,136,116	5,966,026	4,809,183	3,021,028	1,523,928	-1,028,460	185,421	113,319	116,732	128,334	88,793	93,295
Other Assets	-	25,209,952	24,314,709	21,296,564	21,754,825	21,622,659	9,902,055	10,513,072	2,865,961	4,410,932	4,537,646	2,699,283	3,707,536	10,213,699	7,148,548	11,336,291	3,118,909	3,251,563	400,454	-	-	-	970,759	185,664	-	-	-	-	-
Other Current Assets	5,860,330	703,392	11,198,314	4,441,576	4,769,411	5,245,170	4,388,248	5,942,431	199,031	1,637,745	1,548,538	1,497,554	1,727,492	2,277,128	1,840,972	861,971	538,681	408,507	588,940	496,797	-	66,493	111,854	5,880,202	-	-	-	-	-
Other Current Liab	6,746,359	33,964,071	32,661,390	30,219,654	24,591,855	26,610,526	27,292,842	27,618,511	15,910,171	16,092,403	12,983,062	11,646,759	25,224,200	16,533,760	18,029,430	13,233,658	12,140,069	6,573,987	7,190,881	6,329,027	3,964,112	5,324,201	3,014,533	2,389,019	-	-	-	-	-
Other Liab	-	8,577,383	7,325,784	6,288,102	6,410,063	6,655,092	6,409,587	6,156,809	4,960,261	3,237,318	3,018,468	3,435,241	3,003,980	2,415,929	2,270,109	1,410,237	746,908	241,327	168,328	13,000	-	-	14,875	380,395	-	-	-	-	-
Other Stockholder Equity	-	61,340,466	47,714,863	48,014,228	25,511,777	10,211,617	5,268,340	752,161	-2,367,026	-980,789	-734,966	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	374,417,077	674,833,651	341,805,038	307,228,150	304,368,484	295,022,492	297,239,149	233,164,427	229,633,107	195,255,556	187,829,121	183,233,465	177,174,662	155,224,597	140,777,336	116,737,198	90,131,845	90,314,505	79,029,602	57,780,444	42,658,383	41,107,339	37,563,849	32,177,953	34,603,053	32,315,858	27,400,508	15,708,871	14,265,821
Property Plant And Equipment Net	374,417,077	339,848,807	341,805,038	302,094,626	304,368,484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	-	339,848,807	324,225,729	302,094,626	283,982,223	272,337,639	276,617,108	271,188,942	36,666,885	187,561,199	180,102,671	177,392,839	177,196,202	151,549,351	135,011,209	105,752,294	86,160,658	85,097,496	78,997,297	59,326,436	43,696,224	41,563,685	37,557,114	32,219,595	-	-	-	-	-
Retained Earnings	12,237,799	14,889,310	24,199,741	32,164,398	33,677,466	34,665,305	35,793,257	38,690,132	37,313,885	30,085,379	24,780,003	17,306,157	19,582,024	21,209,599	14,293,564	10,569,653	18,114,867	15,936,967	13,463,094	11,171,984	12,818,881	10,393,850	8,987,884	7,868,672	5,825,715	5,270,348	3,759,766	2,410,685	1,333,620
Short Long Term Debt	57,232,729	83,573,497	124,508,581	103,800,861	97,602,825	97,194,554	113,415,196	97,835,598	23,831,866	14,644,972	155,915,884	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	-	-	-	236,260,661	241,454,538	252,727,378	236,439,987	175,008,930	170,352,406	154,550,996	155,799,897	167,398,054	167,077,396	141,916,034	129,148,394	109,248,713	60,282,820	51,258,239	43,565,163	25,597,538	13,796,042	12,305,614	15,204,556	14,226,633	14,212,197	15,178,535	14,596,107	11,000,359	9,144,586
Short Term Debt	-	89,886,274	100,119,242	103,800,861	97,602,825	97,194,554	113,415,196	97,835,598	93,063,061	74,187,003	71,559,676	71,948,542	69,377,605	62,899,981	44,081,524	40,386,844	20,955,973	16,209,965	14,691,106	9,642,240	4,642,436	2,963,925	5,627,075	3,004,944	1,906,086	1,150,767	1,960,609	2,300,316	2,044,995
Short Term Investments	-	-	-	0	457,727	550,832	615,013	0	-	-	-	93,753	96,154	-	-	-	-	100,034	2,656	12,641	145,000	1,141,613	1,101	59,922	-	-	-	-	-
Total Assets	541,159,281	512,221,773	500,771,223	449,904,658	428,250,063	419,903,311	396,589,511	314,839,739	308,866,354	275,171,768	262,232,760	259,100,372	257,415,874	227,938,213	197,887,179	165,917,758	124,304,293	113,437,695	99,480,359	72,779,905	53,609,705	48,465,600	47,301,231	42,412,051	40,582,410	38,142,548	35,488,849	25,617,991	22,165,084
Total Current Assets	90,744,158	86,721,862	92,471,125	66,137,631	60,781,401	61,799,069	48,537,710	36,966,616	33,565,403	37,865,284	34,186,911	36,086,261	36,417,338	31,556,149	24,189,765	20,018,177	18,552,281	13,207,359	12,068,106	9,653,656	8,303,200	7,686,172	10,765,842	10,048,677	5,866,038	5,709,957	7,960,007	9,820,327	7,805,968
Total Current Liabilities	163,999,354	171,333,346	186,398,301	154,048,091	141,620,410	138,206,214	155,950,488	130,196,251	123,836,633	104,846,121	98,978,845	93,594,320	96,597,620	83,636,880	59,581,608	52,486,200	31,378,620	26,466,477	23,116,594	16,732,964	9,242,414	7,652,944	8,923,928	7,061,459	6,745,584	4,102,195	7,850,717	3,575,781	3,037,089
Total Liab	369,796,720	396,557,251	387,723,409	298,288,460	297,871,017	303,781,641	288,974,907	212,653,002	207,172,665	190,389,062	187,039,786	193,140,030	197,858,121	165,512,741	147,239,059	123,357,805	72,221,228	62,901,590	53,317,305	33,247,973	18,499,132	17,135,890	18,516,285	18,663,052	19,318,671	18,296,369	20,486,214	12,276,653	10,137,513
Total Stockholder Equity	132,138,664	115,664,522	113,047,814	129,845,923	108,803,735	94,435,418	87,641,566	86,002,995	84,141,948	69,198,219	61,747,780	55,580,790	50,075,264	52,891,269	41,015,519	36,246,575	46,119,679	41,783,022	40,037,474	36,265,519	33,955,355	29,169,477	28,293,530	23,779,735	-	-	-	-	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2018-12-31	2018-06-30	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2007-12-31	2007-09-30	2007-06-30	2006-12-31	2006-06-30	2005-12-31	2005-09-30	2005-06-30	2004-12-31	2004-06-30	2004-03-31	2003-12-31	2003-06-30	2002-12-31	2002-06-30	2001-12-31	2001-06-30	2000-12-31	2000-06-30	1999-12-31	1999-06-30	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Accounts Payable	22,562,908	18,770,834	21,202,721	22,977,552	24,367,693	24,287,567	24,639,374	24,866,563	25,774,238	19,421,938	19,060,080	17,690,926	15,777,784	13,727,817	14,571,096	15,432,993	11,850,419	15,206,667	14,510,296	11,031,464	13,314,610	12,482,692	16,092,663	-	12,059,005	-	8,734,732	-	9,403,088	-	11,030,738	-	11,685,286	10,007,677	-	12,277,872	-	10,124,111	-	7,687,374	-	9,375,151	-	9,425,092	-	8,291,083	5,692,340	-	5,369,625	-	4,547,280	-	3,934,104	-	3,009,966	-	4,039,927	2,502,134	-	2,328,877	2,489,003	1,350,033	1,231,162	-	1,460,467	761,689	705,715	-	635,860	550,387	471,609	430,605	1,235,525	1,027,439	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-	-	-	-	-	-	-	-	-	-	-	-	-295,758,307	-	-	-	-271,516,604	-	-	-248,365,844	-	-190,719,553	-2,247,562	-	-170,953,429	-	-	-	-155,325,081	-	-	-	-127,472,921	-	-	-115,964,307	-	-	-	-106,877,638	-	-	-	-97,271,765	-	-	-84,322,637	-	-	-	-73,632,764	-	-	-	-55,759,932	-	-39,382,407	-41,965,880	-36,328,366	-36,323,722	-36,314,275	-	-30,275,068	-41,135,517	-3,184,414	-24,421,023	-	-23,383,109	-19,803,181	-15,949,272	-15,949,137	-12,441,109	-12,457,633	-9,304,493	-9,305,281	-6,656,280	-6,656,280	-4,271,489	-4,271,912	-2,739,720	-980,871	-984,597
Capital Lease Obligations	6,158,441	5,603,139	4,917,783	5,365,563	5,257,715	4,884,642	4,921,930	5,705,289	6,939,367	4,224,666	4,738,751	-	5,482,346	-	4,956,538	-	4,712,670	-	2,015,778	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	-	-	24,770,682	-	24,770,682	-	24,770,682	-	24,770,682	-	24,770,682	-	24,770,682	-	24,770,682	-	24,770,682	-	24,770,682	24,770,682	22,250,503	22,250,503	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	16,849,858	18,754,322	16,867,876	18,697,627	17,175,575	17,061,961	15,582,951	16,957,346	16,350,332	14,484,105	14,135,503	-	13,257,892	-	15,389,507	-	12,443,258	-	12,944,695	15,402,578	16,264,513	9,282,390	12,125,254	11,143,444	7,810,501	7,650,273	8,858,985	9,057,936	7,478,250	9,827,522	9,992,121	9,282,019	12,238,367	11,660,154	9,233,214	9,307,184	10,387,169	15,621,406	11,113,842	10,505,387	12,156,886	13,535,111	10,464,387	8,670,015	13,678,575	11,959,352	9,547,908	8,929,279	6,043,303	6,277,607	5,452,050	6,302,741	6,256,108	7,764,781	5,765,873	9,661,559	4,548,175	7,312,743	4,307,068	3,310,099	3,202,589	2,411,266	2,648,746	3,929,055	2,724,728	2,295,531	-	5,242,331	4,128,653	1,011,938	3,002,882	3,726,528	2,173,526	4,834,862	1,985,805	4,719,234	3,743,712	3,239,213	2,185,630	1,479,565	1,767,559	2,186,604
Cash And Equivalents	-	-	16,284,573	-	16,517,108	-	15,226,460	-	15,554,825	-	13,625,539	-	13,257,892	-	14,908,675	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	-	-	16,284,573	-	16,517,108	-	15,226,460	-	15,554,825	-	14,135,503	-	13,871,523	-	14,908,675	-	12,900,985	-	13,385,246	15,953,410	16,189,411	9,897,403	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	-	-	15,698,093	-	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,200,383	15,200,383	15,200,383	-	15,200,383	-	15,200,383	-	15,200,383	-	14,420,383	-	14,420,383	14,055,383	-	14,055,383	-	14,055,383	-	14,055,383	-	14,055,383	-	14,055,383	-	14,055,383	14,055,383	-	12,055,383	-	12,055,383	-	12,055,383	-	12,055,383	-	12,055,383	12,055,383	-	12,055,383	12,055,383	12,055,383	12,055,383	-	12,055,383	12,055,383	12,055,363	-	6,027,671	6,027,671	6,000,274	6,000,000	6,000,000	5,650,000	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	15,698,093	-	15,698,093	-	15,698,093	-	15,698,093	-	86,039,125	25,111,763	15,739,746	16,698,650	15,200,383	15,200,383	3,829,393	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	-	15,200,383	18,082,500	18,082,500	18,082,500	18,082,500	18,082,500	18,082,500	18,082,500	18,082,500	18,082,500	18,082,500	18,082,500	18,082,500	12,055,000	12,055,000	11,981,502	12,055,000	15,671,998	12,055,000	12,055,000	12,055,000	12,081,500	5,931,323	15,671,945	12,096,918	12,000,548	11,837,843	12,502,000	12,642,415	11,930,000	9,855,059	11,300,000	11,987,600	10,580,000	11,100,000	10,040,000	10,025,000	9,986,207
Common Stock Total Equity	-	-	-	-	-	-	-	-	-	-	-	-	15,698,093	-	15,698,093	-	15,698,093	-	15,698,093	15,698,093	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	15,200,383	14,420,383	14,420,383	14,420,383	14,420,383	14,055,383	-	14,055,383	-	14,055,383	-	14,055,383	-	14,055,383	-	14,055,383	-	14,055,383	14,055,383	12,055,383	12,055,383	-	12,055,383	-	12,055,383	-	-	-	12,049,512	12,056,173	12,036,905	12,055,383	12,038,092	12,055,383	12,060,315	-	12,055,387	12,055,387	-	6,027,674	6,027,677	6,028,215	6,000,838	5,991,994	6,001,078	5,642,188	5,642,699	5,650,054	5,649,955	5,649,790	5,650,349	-	-	-
Deferred Long Term Liab	-	-	-	-	264,954	268,319	274,042	263,745	267,989	154,290	600,346	123,707	565,377	124,411	123,027	127,975	132,462	187,801	183,377	334,170	292,696	278,081	295,882	-	194,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	11,644,122	11,685,407	14,733,362	11,503,935	14,384,909	11,783,902	14,490,573	11,198,211	14,276,224	11,332,925	14,459,643	-	14,738,016	-	15,740,493	-	15,934,955	-	15,732,935	15,572,227	15,387,868	15,484,120	15,549,874	12,271,918	12,135,729	10,583,140	12,404,802	10,364,681	11,677,182	10,760,446	12,719,023	10,794,188	11,725,555	13,090,776	12,434,970	12,758,031	12,748,664	13,870,400	13,641,215	14,417,543	13,781,995	14,115,133	13,535,904	13,890,179	13,487,734	14,884,673	12,640,904	11,405,900	11,554,482	10,940,195	11,610,998	10,828,942	11,021,097	10,108,912	11,108,096	10,814,236	11,839,690	555,303	140,227	553,924	670,835	671,796	672,070	-	1,616,237	-	-	-	-1,432,070	-	2,675	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	15,681,758	14,739,702	6,520,166	14,651,782	6,425,752	14,358,246	6,060,613	14,186,357	4,416,395	13,780,340	5,463,251	-	17,445,021	-	4,717,379	-	4,934,062	-	4,603,354	4,713,513	3,880,557	4,614,130	4,519,726	14,277,063	4,260,507	12,033,915	4,374,190	12,057,613	4,130,351	12,257,663	4,109,436	11,414,083	4,173,068	4,439,901	10,447,125	4,303,280	10,171,010	4,279,336	10,269,782	4,500,030	10,395,687	10,196,993	10,302,154	10,168,285	10,253,401	10,504,343	8,164,014	7,216,479	7,660,544	7,321,099	8,144,914	6,904,046	6,636,482	6,532,545	6,707,265	6,697,782	6,912,050	2,269,360	2,136,681	2,041,706	2,010,593	1,661,394	1,680,451	-	2,369,968	439,081	-	-973,498	1,037,856	-1,723,892	-1,851,840	-2,099,058	-	-2,345,899	-	-	-	-	-	-	-	-
Inventory	11,899,339	10,799,171	14,140,057	10,119,759	12,701,908	11,927,223	12,511,958	8,678,012	16,824,431	7,552,012	8,682,327	6,688,353	6,602,459	7,480,105	8,036,983	7,636,019	8,883,183	9,214,918	10,270,284	9,543,691	8,950,286	7,385,411	8,398,282	6,970,829	6,879,143	5,708,341	5,334,865	5,156,493	5,422,732	5,701,532	6,054,347	6,615,852	6,702,274	6,690,458	6,259,910	6,469,026	6,112,856	6,544,903	7,439,615	7,022,384	7,313,816	8,086,976	7,923,125	7,525,621	7,284,555	7,103,483	5,190,435	4,411,036	5,211,687	4,076,543	4,083,986	3,896,103	4,402,123	4,159,106	5,169,847	5,689,540	4,477,784	2,319,443	2,719,307	2,765,561	2,118,448	2,261,297	2,312,299	2,365,863	2,538,942	1,431,408	977,796	717,873	800,282	925,365	923,428	774,553	719,125	732,347	563,010	492,066	543,415	566,221	517,431	618,486	569,270	383,176
Liabilities And Stockholders Equity	-	-	525,933,362	-	512,221,773	-	490,020,643	-	501,103,534	-	459,537,104	-	428,134,383	-	416,518,320	-	406,674,752	-	395,349,340	398,217,059	377,816,595	376,616,473	376,822,306	356,318,472	298,655,997	283,813,082	288,853,996	280,302,923	291,314,613	281,211,916	288,505,014	277,686,179	260,518,553	251,252,125	246,311,420	249,490,451	244,050,884	251,420,171	245,828,390	249,270,164	248,123,583	252,507,970	249,424,934	248,741,050	245,046,853	247,329,124	219,301,874	202,149,787	198,117,617	191,799,411	189,363,242	181,029,457	170,060,554	162,988,721	-	-	149,809,173	119,152,890	105,936,252	105,053,873	106,296,768	98,767,784	93,371,150	86,196,545	86,991,428	69,513,513	-	53,974,741	52,454,506	46,521,663	47,554,813	42,733,921	46,814,885	43,370,456	42,412,051	40,538,130	40,582,410	41,366,394	38,142,548	35,488,849	25,617,991	22,165,084
Long Term Debt	190,386,213	196,629,088	195,739,588	201,077,288	190,739,573	185,261,205	180,817,284	181,220,337	166,254,635	152,501,839	149,097,198	-	132,459,800	-	142,271,809	-	143,851,713	-	140,586,821	155,532,824	139,045,280	123,024,791	116,268,342	-	77,693,533	-	83,734,564	-	78,192,611	-	84,563,744	-	81,618,453	80,730,713	-	84,356,207	-	93,821,827	-	95,449,511	-	107,774,505	-	97,699,791	-	90,768,522	79,016,053	-	87,302,283	-	85,066,870	-	70,434,831	-	68,861,869	-	51,265,855	39,324,262	-	30,928,180	35,098,619	31,400,836	28,862,264	-	26,553,682	15,955,289	10,559,100	-	9,153,604	8,062,953	9,351,299	8,702,381	9,575,762	11,721,617	-	-	-	-	-	-	-	-
Long Term Debt Total	-	-	201,017,784	-	196,362,109	-	186,086,088	-	172,393,481	-	153,244,974	-	136,265,435	-	145,266,635	-	148,131,638	-	142,228,565	156,648,950	140,087,421	124,153,912	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	-	-	-	-	-	-	-	-	23,766,974	-	23,439,079	-	23,040,323	-	22,594,834	-	21,562,477	-	22,772,382	21,453,716	21,583,079	20,972,247	23,518,154	-	22,876,285	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	230,769,084	244,314,927	247,909,698	248,312,907	257,137,494	255,477,241	254,578,277	252,963,417	274,412,884	211,736,136	225,865,797	-	223,002,769	-	217,798,828	-	229,011,280	-	238,271,740	237,324,800	224,598,440	227,157,597	229,419,940	196,936,924	167,198,429	139,664,293	155,345,854	138,596,990	162,874,156	142,011,718	161,554,135	145,664,031	142,312,629	140,399,928	134,033,524	146,492,713	120,471,757	146,493,966	115,519,960	156,892,667	130,151,399	157,344,221	152,421,838	158,407,381	145,006,547	152,813,809	132,368,126	121,443,466	129,023,050	108,792,814	123,696,344	101,370,017	109,013,626	87,452,882	103,482,840	82,651,229	87,885,926	52,970,077	40,052,975	47,207,251	48,055,649	45,974,749	40,916,417	24,411,570	39,751,660	23,302,007	-	9,227,252	9,667,389	10,051,504	9,302,732	7,198,172	13,031,031	8,615,389	12,240,828	8,743,788	10,468,485	12,198,579	12,992,906	13,116,542	9,232,800	6,957,982
Net Invested Capital	379,757,606	400,529,137	396,452,971	394,589,311	382,848,547	374,936,367	372,230,503	374,615,189	403,811,030	343,000,212	368,866,500	-	366,106,584	-	360,383,134	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	45,826,248	42,320,722	44,763,525	48,397,190	39,930,824	43,910,468	44,151,828	51,416,033	48,098,047	41,538,250	42,617,017	43,054,313	43,726,835	37,203,791	40,469,550	33,902,854	36,760,766	29,639,616	32,719,278	33,804,164	30,595,284	30,198,651	25,204,038	22,785,024	20,223,169	15,945,388	15,149,313	15,654,997	19,177,323	14,324,692	16,705,865	16,839,093	16,968,973	14,729,928	16,222,265	16,696,898	14,482,223	15,432,041	15,821,162	16,952,141	14,671,714	19,373,837	17,217,320	19,978,093	14,349,044	19,043,000	16,685,174	14,129,029	13,471,654	13,852,536	12,850,644	9,006,396	10,468,771	8,487,370	8,894,220	8,161,754	9,317,922	8,699,021	7,286,164	7,661,147	7,148,491	6,675,985	6,291,985	-	7,059,010	5,696,427	3,645,833	3,611,402	3,063,445	2,667,609	2,604,988	1,753,502	1,646,907	1,778,349	7,145,398	1,463,217	1,431,942	1,883,263	1,169,809	3,125,549	2,959,209	1,912,550
Net Tangible Assets	-	-	-	-	82,317,430	76,255,017	76,362,237	79,309,858	79,831,706	91,666,705	95,690,466	98,290,549	95,911,292	100,854,046	90,691,905	76,442,492	71,824,379	63,867,503	59,900,398	57,006,254	50,304,043	49,648,704	43,766,279	-	59,089,475	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	-73,255,196	-63,484,623	-64,445,980	-57,079,566	-84,611,484	-86,131,238	-85,762,095	-81,012,739	-93,927,177	-78,666,525	-72,163,812	-	-87,910,460	-	-70,182,862	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	450,415,123	430,349,400	423,730,922	417,980,076	415,884,116	403,323,533	398,614,127	399,074,149	408,300,099	381,917,937	387,720,844	-	383,767,027	-	373,407,145	-	367,468,662	-	357,347,964	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	5,980,775	5,114,257	5,178,092	5,314,935	5,494,696	4,102,577	3,019,710	4,283,261	6,022,017	5,701,357	6,304,735	-	692,781	-	4,587,961	-	823,532	-	898,326	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	205,797,365	210,487,634	208,991,284	215,082,061	204,728,581	197,396,446	193,180,804	194,690,971	180,814,909	165,404,757	162,539,691	-	144,240,369	-	153,195,923	-	156,250,607	-	151,043,011	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	11,985,658	9,931,652	9,612,661	9,431,750	9,175,678	7,887,545	7,436,894	9,754,433	2,200,026	10,506,056	20,450,807	-	1,728,332	-	1,834,547	-	1,659,573	-	2,866,599	2,769,078	7,554,585	1,904,381	1,749,411	3,134,313	797,370	1,355,405	744,126	4,794,596	867,944	1,427,313	936,302	1,489,829	850,390	754,089	1,300,447	659,752	1,059,566	552,258	1,216,784	587,144	1,259,396	2,414,273	2,929,670	3,333,443	948,533	2,304,999	5,391,566	606,121	1,029,069	235,891	155,130	135,248	646,408	91,326	748,072	2,496,087	12,099,598	12,583,840	13,787,995	192,740	7,136,116	305,591	5,966,026	23,547,397	4,910,176	4,809,183	-	3,436,218	3,021,028	3,966,343	1,523,928	1,206,186	-1,028,460	1,153,056	185,421	109,387	113,319	116,721	116,732	128,334	88,793	93,295
Other Assets	-	-	8,807,303	-	25,209,952	24,804,617	23,990,940	25,445,282	24,314,709	24,627,290	23,369,955	22,724,481	21,296,564	21,841,058	21,821,417	21,765,780	21,754,099	22,686,588	7,077,860	6,391,844	5,545,402	5,771,056	58,761,503	-	52,840,529	-	53,628,973	-	51,591,835	-	51,180,859	-	48,011,687	47,764,204	-	46,648,457	-	45,839,611	-	44,323,958	-	43,060,173	-	42,765,142	-	44,192,062	43,608,817	-	37,007,324	-	36,991,092	-	40,154,293	-	29,162,383	-	36,690,834	17,427,632	-	14,364,928	10,267,847	8,784,493	8,379,224	-	10,434,116	5,345,808	2,819,557	-	1,610,259	1,396,108	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	5,860,330	5,339,503	639,858	12,802,564	703,392	9,886,507	8,879,242	12,685,458	11,198,314	7,970,271	6,381,414	6,419,272	4,441,576	4,402,987	4,349,876	5,561,428	4,703,406	5,821,444	1,628,572	1,106,893	450,733	340,797	7,850,175	-	4,101,316	-	1,860,926	-	1,584,086	-	1,607,287	-	1,637,746	1,523,682	-	1,548,538	-	1,645,845	-	1,497,554	-	2,119,275	-	1,805,738	-	2,681,879	2,277,128	-	4,032,452	-	1,840,972	-	2,389,068	-	990,386	-	1,402,178	538,681	-	307,660	408,507	-	588,940	-	775,219	496,797	-	-	-	64,101	66,493	59,627	111,854	230,986	-	-	-	-	-	-	-	-
Other Current Liab	6,746,359	5,856,449	30,696,007	6,957,567	33,964,071	37,070,507	27,418,280	28,915,095	32,665,006	35,174,934	31,145,948	28,532,471	30,219,654	24,969,111	25,475,471	23,728,222	28,417,066	20,960,207	4,826,400	26,610,526	23,413,497	29,581,619	26,980,070	-	19,733,004	-	22,233,112	-	17,529,962	-	20,944,004	-	16,092,403	18,039,784	-	13,345,075	-	15,876,488	-	11,646,759	-	29,297,341	-	14,962,157	-	20,401,413	16,533,760	-	15,949,640	-	18,029,430	-	19,018,479	-	9,089,390	-	12,765,672	12,140,068	-	6,624,180	6,573,987	8,547,138	7,190,881	-	4,585,781	6,329,027	3,828,954	-	3,964,112	2,956,504	2,663,919	2,305,678	2,493,340	3,456,917	-	-	-	-	-	-	-	-
Other Liab	-	-	8,255,860	8,639,210	8,577,383	7,250,599	7,432,731	7,688,202	7,636,974	8,592,010	7,702,239	7,140,918	6,288,102	6,320,309	6,185,763	6,524,623	6,410,063	6,169,929	6,368,071	6,655,092	6,341,254	5,101,706	4,988,642	-	3,406,715	-	3,498,981	-	3,663,865	-	3,542,371	-	3,237,318	2,957,044	-	2,902,482	-	2,933,348	-	3,435,241	-	3,209,292	-	3,003,980	-	3,165,541	2,415,929	-	2,382,607	-	2,270,109	-	1,859,121	-	638,164	-	1,021,660	746,908	-	357,827	241,327	185,947	168,328	-	14,500	13,000	-	-	-	-	-	-	14,875	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	-	-	78,797,308	-	61,340,466	49,817,102	48,020,443	48,336,517	47,714,863	47,643,656	47,805,037	48,501,363	48,014,228	48,350,626	41,326,824	27,730,017	25,511,777	13,318,342	9,566,986	9,306,163	4,395,213	4,432,265	1,082,213	-	671,787	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	374,417,077	355,534,094	693,509,540	341,982,820	674,833,651	328,143,069	-	-	-	-	-	-	307,228,150	-	309,272,442	-	304,368,484	-	292,347,506	295,022,492	291,681,399	297,239,149	298,199,327	273,027,941	233,164,427	218,570,342	228,937,850	213,711,020	229,633,107	215,432,816	226,065,827	213,041,310	195,255,556	188,855,230	182,185,408	187,829,121	179,748,356	182,699,140	176,958,810	183,233,465	177,978,691	176,729,831	176,379,554	177,174,662	174,681,088	174,303,279	155,224,597	148,903,125	144,573,524	142,928,094	140,777,336	136,730,506	124,152,732	118,695,480	116,737,198	107,874,099	104,432,890	90,131,845	79,602,243	83,246,977	90,314,505	84,849,271	79,029,602	54,775,749	72,457,480	57,780,444	-	43,054,683	42,658,383	39,585,882	41,107,339	36,675,451	37,563,849	37,532,695	32,177,953	33,546,050	34,603,053	34,406,184	32,315,858	27,400,508	15,708,871	14,265,821
Property Plant And Equipment Net	374,417,077	355,534,094	347,269,848	341,982,820	339,848,807	328,143,069	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	-	-	362,279,838	-	339,848,807	328,143,069	324,965,412	324,224,991	324,225,729	308,181,761	304,434,850	301,594,681	302,094,626	291,892,948	288,362,281	283,093,775	282,937,953	273,223,430	290,944,360	282,061,272	278,822,750	284,328,093	271,147,943	-	219,610,483	-	214,622,101	-	216,251,297	-	212,890,839	-	187,561,199	181,412,837	-	180,102,671	-	176,290,911	-	177,392,840	-	176,242,358	-	177,196,202	-	171,915,290	151,549,351	-	139,323,575	-	135,011,209	-	113,443,994	-	116,737,198	-	97,216,546	86,160,658	-	78,414,161	85,097,496	84,849,271	78,997,297	-	65,540,500	57,780,410	44,490,551	-	43,696,224	40,065,819	41,563,685	37,433,157	37,557,114	38,324,508	-	-	-	-	-	-	-	-
Retained Earnings	12,237,799	17,035,277	18,941,330	8,287,946	14,889,310	18,964,650	20,470,111	23,002,376	24,199,741	35,787,741	39,816,480	42,036,743	32,164,398	44,667,004	36,268,149	40,642,248	33,677,466	43,062,231	36,265,139	34,665,305	35,877,891	35,793,257	34,525,965	35,457,343	38,690,132	39,806,890	36,346,545	41,554,051	37,313,885	37,072,553	32,612,736	35,351,104	30,085,379	26,247,328	28,352,405	24,780,003	23,346,542	19,976,709	19,704,387	17,306,157	15,746,699	21,001,120	13,258,096	19,582,024	12,581,915	19,533,407	21,209,599	13,940,868	13,189,877	14,783,549	14,293,564	12,984,627	11,234,397	10,463,729	10,569,653	-	13,956,731	18,114,867	16,089,055	15,489,979	15,936,967	12,610,623	13,463,094	12,438,486	11,098,516	11,171,984	9,272,328	15,385,504	12,818,881	10,629,633	10,393,850	8,633,366	8,987,884	7,895,037	7,868,672	6,740,137	5,825,715	5,537,208	5,270,348	3,759,766	2,410,685	1,333,620
Short Long Term Debt	57,232,729	66,440,161	69,037,986	65,933,247	83,573,497	87,277,997	89,343,944	88,700,427	124,508,581	73,718,402	90,904,102	-	103,800,861	-	90,916,526	-	97,602,825	-	110,629,614	24,618,446	21,660,142	22,095,491	242,883,009	-	176,266,977	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	-	-	-	-	-	-	-	-	-	-	153,244,974	-	236,260,661	-	233,188,335	-	241,454,538	-	251,216,435	252,727,378	240,862,953	236,439,987	241,545,194	208,080,368	175,008,930	147,314,565	164,204,839	147,654,925	170,352,406	151,839,240	171,546,256	154,946,050	154,550,996	152,060,082	143,266,738	155,799,897	130,858,926	162,115,372	126,633,802	167,398,054	142,308,285	170,879,332	162,886,225	167,077,396	158,685,123	164,773,161	141,916,034	130,372,744	135,066,353	115,070,421	129,148,394	107,672,758	115,269,734	95,217,663	109,248,713	92,312,788	92,434,100	60,282,820	44,360,043	50,517,350	51,258,239	48,386,015	43,565,163	28,340,625	42,476,388	25,597,538	-	14,469,582	13,796,042	11,063,441	12,305,614	10,924,700	15,204,556	13,450,252	14,226,633	13,463,022	14,212,197	15,437,791	15,178,535	14,596,107	11,000,359	9,144,586
Short Term Debt	-	-	78,252,184	-	89,886,274	-	89,850,179	-	100,119,242	-	68,461,611	-	103,800,861	-	90,916,526	-	97,602,825	-	110,629,614	97,194,554	101,817,673	113,415,196	126,038,437	92,434,708	97,835,598	64,208,653	81,025,886	68,729,649	93,063,061	68,337,610	88,082,747	61,710,595	74,187,003	72,345,597	60,555,745	71,559,676	37,859,346	68,293,545	32,399,202	71,948,542	37,930,367	63,104,827	56,990,629	69,377,605	70,449,248	74,004,639	62,899,981	44,884,838	47,764,070	28,328,373	44,081,524	21,050,727	44,834,903	26,263,614	40,386,844	39,204,036	41,193,212	20,955,973	12,630,550	19,589,170	16,209,965	16,985,179	14,691,106	-	15,922,690	9,642,240	-	4,601,842	4,642,436	2,999,753	2,963,925	2,248,122	5,627,075	1,744,844	3,004,944	1,395,800	1,906,086	1,538,067	1,150,767	1,960,609	2,300,316	2,044,995
Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	457,727	-	440,551	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93,753	90,008	96,214	95,440	96,154	-	199,427	-	-	7,496	52,992	-	32,552	-	50,196	-	-	-	-	-	-	100,034	40,339	2,656	-	7,641	12,641	-	72	145,000	934,338	1,141,613	1,057,949	1,101	130,821	59,922	-	-	-	-	-	-	-
Total Assets	541,159,281	521,673,674	525,933,362	507,997,217	512,221,773	486,109,693	490,020,643	488,810,999	500,771,223	453,462,576	459,537,104	-	449,904,658	-	439,351,881	-	428,250,063	-	417,494,327	419,903,311	398,785,889	396,589,511	399,125,211	375,542,682	314,839,739	299,723,834	307,107,004	297,904,389	308,866,354	297,296,702	305,630,652	294,379,004	275,171,768	265,576,860	259,747,521	262,232,760	255,668,125	262,514,602	256,171,935	259,100,372	256,902,164	261,411,222	257,893,983	257,415,874	253,105,684	255,973,713	227,938,213	209,930,797	206,565,272	199,798,665	197,887,179	188,446,334	175,845,839	168,341,661	165,917,758	162,017,713	154,617,263	124,304,293	110,132,433	109,671,172	113,437,695	105,226,420	99,480,359	90,932,028	92,426,331	72,779,905	58,520,138	55,126,227	53,609,705	47,379,453	48,465,600	43,095,119	47,301,231	43,816,238	42,412,051	40,538,130	40,582,410	41,366,394	38,142,548	35,488,849	25,617,991	22,165,084
Total Current Assets	90,744,158	91,324,274	92,764,273	90,017,141	86,721,862	82,786,160	81,193,246	89,736,850	92,471,125	71,544,639	71,816,261	70,444,889	66,137,631	63,104,365	65,944,736	61,995,782	60,781,401	60,567,102	60,146,363	61,799,069	56,185,714	48,537,710	50,532,702	45,362,038	36,966,616	30,456,252	31,100,598	30,977,034	33,565,403	30,931,811	34,334,103	34,122,517	37,865,284	34,837,631	32,783,087	34,186,911	31,864,876	39,215,652	35,566,307	36,086,261	35,953,806	41,136,351	37,952,189	36,417,338	38,064,761	38,751,149	31,556,149	28,674,460	28,679,599	25,538,826	24,189,765	21,546,971	21,488,546	21,952,692	20,018,177	24,763,299	19,051,629	18,552,281	14,342,183	13,943,569	13,207,359	11,592,656	12,068,106	12,608,882	12,555,412	9,653,656	-	9,608,825	8,303,200	5,551,120	7,686,172	7,312,539	10,765,842	7,476,387	10,048,677	6,882,694	5,866,038	6,843,489	5,709,957	7,960,007	9,820,327	7,805,968
Total Current Liabilities	163,999,354	154,808,897	157,210,253	147,096,707	171,333,346	168,917,398	166,955,340	170,749,589	186,398,301	150,211,163	143,980,071	147,299,206	154,048,091	135,669,970	136,127,598	135,896,257	141,620,410	142,280,566	147,350,636	138,206,214	141,276,474	155,950,488	169,497,268	159,579,673	130,196,251	112,359,771	115,721,525	111,659,501	123,836,633	116,748,946	123,893,775	107,793,391	104,846,121	102,319,640	93,015,875	98,978,845	85,754,767	96,177,170	88,613,555	93,594,320	84,663,745	88,836,441	87,420,399	96,597,620	101,952,461	100,536,002	83,636,880	71,394,907	67,165,024	59,606,161	59,581,608	51,209,585	58,375,720	54,042,149	52,486,200	63,428,454	53,640,213	31,378,620	28,556,874	29,745,267	26,466,477	26,882,350	23,116,594	20,615,035	23,107,098	16,732,964	13,104,552	7,915,918	9,242,414	7,519,217	7,652,944	5,798,709	8,923,928	7,594,816	7,061,459	5,755,078	6,745,584	6,471,803	4,102,195	7,850,717	3,575,781	3,037,089
Total Liab	369,796,720	365,296,531	387,371,308	362,178,768	396,557,251	366,313,844	380,391,975	365,440,560	367,213,210	315,615,920	330,671,904	-	298,288,460	-	289,323,521	-	297,871,017	-	298,393,647	303,781,641	290,031,807	288,974,907	294,654,726	282,473,593	212,653,002	201,036,723	204,680,174	196,514,821	207,172,665	206,642,853	213,763,926	207,321,537	190,389,062	186,883,252	180,567,751	187,039,786	183,436,991	193,603,025	187,901,577	193,140,030	194,121,261	200,384,396	197,945,123	197,858,121	194,845,004	195,229,082	165,512,741	160,811,247	157,191,073	150,029,666	147,239,059	141,252,948	131,147,813	125,811,889	123,357,805	-	107,508,634	72,221,228	61,453,630	61,823,810	62,901,590	59,582,456	53,317,305	53,083,076	50,799,364	33,247,973	23,762,550	31,521,240	18,499,132	15,708,725	17,135,890	14,500,841	18,516,285	19,308,721	18,663,052	18,145,071	19,318,671	20,587,585	18,296,369	20,486,214	12,276,653	10,137,513
Total Stockholder Equity	132,138,664	137,459,889	138,562,054	127,578,777	115,664,522	102,397,165	109,628,668	104,694,426	113,047,814	116,779,970	128,865,200	-	129,845,923	-	127,194,799	-	108,803,735	-	96,955,693	94,435,418	87,784,788	87,641,566	69,568,349	-	81,521,509	-	79,565,541	-	79,408,970	-	70,013,431	-	69,198,219	63,568,776	-	61,747,780	-	57,319,077	-	55,580,790	-	51,386,952	-	50,075,264	-	51,273,802	52,891,269	-	39,926,710	-	41,015,519	-	38,418,954	-	36,829,320	-	41,603,787	46,119,679	-	42,392,436	41,783,022	39,185,328	40,037,474	-	35,789,949	36,265,519	33,422,771	-	33,955,355	31,684,987	29,169,477	28,946,455	28,293,530	24,095,050	-	-	-	-	-	-	-	-

Cash Flow

Currency in CNY. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Begin Period Cash Flow	16,517,108	15,554,825	13,257,892	12,443,258	15,417,682	9,282,390	7,810,501	7,478,250	12,238,367	9,341,672	10,505,387	8,552,782	9,426,437	5,226,982	5,566,625	7,312,265	3,000,342	2,558,196	2,239,226	4,128,653	3,002,601	2,173,344	1,988,726	2,489,984	2,185,397	1,480,267	1,767,695	2,183,309	5,833,443
Capital Expenditures	59,379,758	40,726,317	40,726,317	42,558,250	31,382,657	20,707,998	26,011,937	20,234,333	24,327,330	20,358,316	17,697,329	15,555,996	16,788,659	20,731,717	22,620,671	27,969,570	14,593,431	15,975,627	13,847,950	9,877,555	3,606,707	1,594,358	2,871,368	351,513	2,274,328	6,457,542	6,846,401	2,124,390	2,444,832
Change In Cash	-366,473	962,283	2,296,932	814,634	-2,974,424	6,135,292	1,471,889	332,251	-4,760,117	2,896,695	-1,163,715	1,952,605	-873,655	4,199,455	-339,643	-1,745,640	4,312,401	644,393	409,520	-1,833,122	1,126,052	829,538	184,800	-504,179	307,779	705,362	-	-	-
Change In Working Capital	1,346,857	8,550,720	-6,406,311	1,719,398	-932,474	-2,391,540	-718,218	1,050,309	1,013,467	-226,180	6,777,910	-175,854	533,905	-39,532	-3,043,647	-1,294,116	-1,799,007	-99,254	-1,779,440	-1,219,943	-67,086	-222,813	-2,217,176	-973,296	476,710	2,583,845	2,567,504	-2,152,605	-4,139,137
Change To Account Receivables	-	-	-9,932,785	-6,885,418	-3,442,544	-3,273,058	-6,201,149	-838,272	-175,429	466,878	-846,214	303,586	-4,194,500	-650,910	-2,361,918	566,249	-	-	-	-	-	-	-	210,731	-	-	-	-	-
Change To Inventory	755,677	4,103,453	-10,216,073	2,244,127	638,055	-1,996,075	714,045	-1,270,582	2,106,821	-195,853	517,837	479,071	-1,807,503	-1,031,869	1,328,674	-2,159,007	-190,341	187,787	-831,958	-414,272	159,421	-39,279	-62,077	-30,887	18,717	101,830	140,753	-186,714	-11,662
Change To Liabilities	-	0	10,041,797	5,597,862	2,184,081	2,465,643	4,923,088	3,523,473	-1,477,201	-318,213	6,060,664	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Netincome	-	-	5,160,603	15,161,725	16,034,997	10,873,637	9,085,014	10,055,999	13,203,460	12,582,527	11,489,906	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-	-	-438,800	-316,328	-364,043	-364,043	-364,043	-1,665	76,984	-39,268	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	25,098,713	24,358,413	21,658,869	22,146,316	21,966,805	20,916,114	20,635,833	15,162,715	14,717,613	11,879,280	11,545,515	11,254,163	11,995,170	10,559,727	8,663,736	7,908,735	7,349,312	6,827,943	6,266,408	4,569,531	3,956,070	3,328,757	3,049,380	2,679,134	2,398,789	1,533,252	1,111,122	660,553	655,565
Dividends Paid	11,657,624	14,357,162	14,357,162	2,119,243	1,569,809	1,520,038	4,352,973	7,206,220	5,535,655	5,341,046	2,951,631	702,867	2,807,084	2,528,050	1,495,604	3,871,996	3,809,964	3,009,523	3,023,332	3,172,709	2,197,625	1,939,132	1,266,546	507,842	452,000	-	-	-	-
End Period Cash Flow	16,150,635	16,517,108	15,554,825	13,257,892	12,443,258	15,417,682	9,282,390	7,810,501	7,478,250	12,238,367	9,341,672	10,505,387	8,552,782	9,426,437	5,226,982	5,566,625	7,312,743	3,202,589	2,648,746	2,295,531	4,128,653	3,002,882	2,173,526	1,985,805	2,493,176	2,185,630	1,480,267	1,767,695	2,183,309
Free Cash Flow	-13,882,641	-8,206,767	-37,022,964	-571,212	5,941,536	8,019,980	3,185,426	11,276,491	18,035,378	12,961,751	22,542,100	11,372,086	4,160,496	-2,664,993	-7,639,681	-22,783,677	-5,034,121	-4,411,732	-5,106,303	-1,714,852	5,926,584	5,486,024	3,048,593	5,284,555	2,733,008	-494,250	-1,506,059	-2,284,550	-4,723,065
Investments	-55,226,152	-444,634	-452,100	-873,877	-29,033,985	-20,375,882	-31,748,825	-17,649,646	-889,780	-266,877	-2,124,276	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance Of Capital Stock	-	-	-	0	0	3,245,330	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-	-1,212,814	-1,212,814	-9,692,826	-12,013,768	3,802,090	14,254,410	3,341,571	-2,513,022	2,147,944	-10,918,193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	8,445,560	-7,387,119	-10,264,366	4,773,736	766,345	734,435	1,579,836	8,520,427	13,651,933	10,757,317	10,426,024	5,512,454	1,180,512	3,347,985	4,929,544	-4,551,833	6,161,535	6,062,447	4,873,786	5,323,877	5,430,408	3,921,376	3,451,297	2,512,579	1,868,164	1,838,744	1,661,716	1,331,063	1,204,506
Other Cashflows From Financing Activities	-	2,372,168	730,781	22,659,390	14,190,124	3,907,658	4,151,176	-2,794,176	-2,533,061	-400,045	-79,831	509,098	176,235	236,303	649,662	-4,563,315	533	73,242	245,055	677,037	77,624	1,074,205	-8	-5,310,655	-2,634,938	-1,394,995	-828	-2,124,390	-2,444,832
Other Cashflows From Investing Activities	-	751,050	764,510	1,019,639	1,838,199	1,313,380	1,498,559	1,060,114	-8,816,746	548,963	511,114	713,920	515,765	353,351	540,181	394,329	518,934	536,060	15,766	-	215,585	569,843	-	-	-	-	-	-	-
Other Non Cash Items	9,255,466	9,751,630	7,800,813	8,387,414	10,134,131	10,053,762	9,721,709	6,457,374	7,695,679	7,436,735	7,616,749	8,721,695	9,111,806	8,301,085	4,200,003	-1,493,559	-616,410	-15,852	257,537	-2,054,968	-1,552,608	-1,622,222	-	-	-862,245	-	-	830	833
Sale Purchase Of Stock	-	-	-	-	-	3,245,330	4,999,950	100,000	4,684,314	2,788,686	2,788,686	-	-600,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-	7,972,968	39,767,033	1,803,816	-11,328,183	-2,243,070	4,013,180	-13,601,850	-14,140,659	-10,894,180	-22,240,088	-9,816,900	69,648	13,063,323	9,503,886	41,255,291	11,011,553	4,973,214	7,087,548	3,654,472	-3,182,162	-7,325,049	-1,169,825	-829,592	-2,064,619	312,942	1,217,929	1,869,630	1,075,393
Total Cash From Operating Activities	45,497,117	32,519,550	32,519,550	41,987,038	37,324,193	28,727,978	29,197,363	31,510,824	42,362,708	33,320,067	40,239,429	26,928,082	20,949,155	18,066,724	14,980,990	5,185,893	9,559,311	11,563,895	8,741,647	8,162,703	9,533,291	7,080,383	5,919,961	5,636,068	5,007,336	5,963,292	5,340,342	-160,159	-2,278,233
Total Cashflows From Investing Activities	-	-39,971,358	-39,971,358	-42,067,142	-29,537,965	-20,527,717	-34,176,616	-23,440,230	-33,015,012	-23,777,981	-19,054,250	-	-	-	-	-	-	-	-	-	-	1,098,883	-	-	-	-	-	-	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2018-12-31	2018-06-30	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2007-12-31	2007-09-30	2007-06-30	2006-12-31	2006-06-30	2005-12-31	2005-06-30	2004-12-31	2004-06-30	2003-12-31	2003-06-30	2002-12-31	2002-06-30	2001-12-31	2001-06-30
Begin Period Cash Flow	18,044,980	16,284,573	18,024,588	16,517,108	16,192,980	15,226,460	16,331,190	15,554,825	13,901,023	13,625,539	-	-	-	-	-	-	-	-	-	-	-	12,134,581	11,101,521	7,810,501	7,596,379	8,858,985	8,980,102	7,478,250	9,733,210	9,992,121	8,949,288	13,021,416	9,079,680	8,996,767	9,341,673	10,310,472	15,621,406	10,994,822	10,505,387	12,063,996	13,394,474	10,386,147	8,552,782	13,517,824	11,800,740	10,297,797	9,426,438	8,717,157	5,804,275	6,045,845	5,226,982	6,097,010	6,047,452	7,552,498	5,566,625	10,332,305	4,548,175	7,312,743	-	3,310,099	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Expenditures	22,647,670	15,067,030	21,296,302	9,344,481	17,534,848	8,555,500	6,672,996	7,962,974	16,010,937	9,843,404	8,042,038	9,587,582	16,338,121	10,137,905	10,164,464	6,026,883	31,382,657	0	11,148,071	20,613,314	6,879,513	25,798,009	5,574,607	4,908,334	20,284,987	5,099,049	2,362,189	4,955,046	6,391,584	6,580,910	5,484,479	5,870,357	7,201,526	7,544,567	3,360,285	7,075,419	0	5,678,473	3,406,256	5,241,895	0	7,269,102	4,282,818	16,788,659	4,204,015	2,701,153	3,646,433	7,325,966	4,055,214	5,735,759	3,614,778	6,167,220	6,345,411	5,384,140	4,723,900	9,150,755	7,205,290	11,623,703	15,442,320	0	6,751,724	16,285,991	7,547,659	13,842,293	5,730,957	9,877,553	0	3,606,704	914,043	1,598,350	830,249	2,870,858	0
Change In Cash	-1,894,345	1,760,407	-232,535	1,507,480	324,129	966,520	-1,104,730	776,365	1,653,802	275,485	24,801	342,845	-77,205	-1,597,114	766,307	1,670,931	-2,974,424	-	-2,461,833	6,135,292	6,907,021	1,471,889	1,033,061	3,291,020	214,122	-1,262,606	-121,117	1,501,852	-2,254,960	-258,911	1,042,833	-4,072,127	3,158,687	2,663,387	-344,906	-968,800	-5,310,934	4,626,584	489,434	-1,558,609	-1,330,478	3,008,327	1,833,365	-	1,717,084	1,502,943	871,360	709,280	2,912,882	-241,570	818,863	-870,028	49,558	-1,505,046	1,985,872	-4,765,680	5,784,130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change In Working Capital	-	-	-10,588,314	-	8,550,720	-	8,923,393	-	-7,780,232	-	-845,484	-3,853,375	41,987,038	-9,680,304	15,835,851	-	37,324,193	-	16,738,595	28,727,978	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Account Receivables	-	-	-	-	-	-5,192,903	5,192,903	5,192,903	-9,932,785	2,031,533	-2,031,533	-2,031,533	-6,505,177	5,342,984	-5,342,984	-5,342,984	-	-	-498,216	-3,765,818	-575,518	-5,830,768	-998,304	-	-1,170,373	-	2,891,103	-	420,437	-	3,518,587	-	208,486	1,345,746	-	148,747	-	1,211,698	-	414,496	-	131,841	-	-	-	-	-	-	-	-	-	-	-	-	-	566,249	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Inventory	-	-	-	-	-	-4,311,316	4,311,316	4,311,316	-10,216,073	2,075,480	-2,075,480	-2,075,480	2,244,131	-848,398	848,398	848,398	-	-	-728,876	-1,972,865	-1,566,568	714,045	-248,676	-	-1,270,582	-	311,481	-	2,106,821	-	1,531,605	-	-	-	-	517,837	-	414,664	-	479,072	-	-	-	-	-	-	-	-	-	-	-	1,421,448	-	-	-	-	-	-	-	-	-	188,086	-	-	-	-	-	159,419	-	-	-	-	-
Change To Liabilities	-	-	-	-	0	1,088,018	-1,088,018	0	10,041,797	-4,218,889	4,218,889	0	5,597,862	871,765	-871,765	0	2,206,427	1,941,953	-1,941,953	2,465,643	78,913	4,374,073	878,695	-	2,213,908	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Netincome	-	-	-	-	-	26,527,469	-6,362,435	9,360,273	-16,850,957	18,103,225	-4,295,456	8,203,791	-2,944,898	13,037,156	-999,722	6,069,190	-7,523,342	17,162,215	-2,224,588	-9,503,706	-2,838,444	-9,721,935	-2,687,170	-	-9,904,825	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-	-	-	-	-	-	-	-	-438,800	-438,800	-438,800	-438,800	-316,328	-316,328	-316,328	-316,328	-	-	-164,032	-164,032	-120,590	-120,590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	-	-	12,596,849	-	24,358,413	-11,667,715	11,667,715	11,667,715	21,658,869	-10,822,723	10,822,723	10,822,723	21,280,762	-10,434,600	10,434,600	10,434,600	-	-	10,193,103	19,827,444	9,735,268	19,144,155	9,566,471	-	14,798,148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	2,359,223	3,215,097	3,352,739	2,730,564	6,389,408	1,730,533	3,227,887	3,009,334	3,530,911	6,258,502	3,083,762	2,226,698	2,922,149	5,246,803	3,293,056	2,270,826	1,569,809	-	1,099,771	1,520,038	1,085,658	4,352,973	2,658,510	386,490	14,551,001	-	3,829,046	1,724,966	8,187,853	-	4,657,338	2,854,395	5,941,581	4,063,524	1,992,210	6,131,203	-	4,211,525	1,887,628	7,145,091	-	4,517,532	2,235,750	10,952,042	-	1,155,411	1,651,673	8,525,352	-	2,967,757	-	6,897,220	-	940,358	1,347,971	3,570,334	-	5,197,169	6,191,451	-	4,622,344	5,521,201	3,142,929	3,022,096	3,959,701	3,172,711	-	2,197,628	2,463,298	26,583	2,182,859	1,266,317	-
End Period Cash Flow	16,150,635	18,044,980	16,284,573	18,024,588	16,517,108	16,192,980	15,226,460	16,331,190	15,554,825	13,901,023	13,625,539	-	-	-	-	-	-	-	-	-	-	-	12,134,581	11,101,521	7,810,501	7,596,379	8,858,985	8,980,102	7,478,250	9,733,210	9,992,121	8,949,288	12,238,367	11,660,154	8,996,767	9,341,672	10,310,472	15,621,406	10,994,822	10,505,387	12,063,996	13,394,474	10,386,147	8,552,782	13,517,824	11,800,740	10,297,797	9,426,437	8,717,157	5,804,275	6,045,845	5,226,982	6,097,010	6,047,452	7,552,498	5,566,625	10,332,305	4,548,175	7,312,743	-	3,310,099	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	-10,810,576	4,833,262	-4,699,270	-3,206,057	-10,598,307	-3,060,136	5,010,715	440,961	-32,772,542	-6,183,300	-	-	-	-	-	-	-	-	-	-	-	-	1,078,414	2,740,660	-	2,834,611	3,681,603	8,466,821	418,576	4,923,390	7,166,896	5,526,516	2,052,094	12,572,179	3,676,310	1,355,099	606,535	13,494,972	7,085,494	352,545	-1,786,992	9,024,724	3,730,194	-	1,471,199	983,740	1,966,731	-4,331,677	1,978,257	-949,023	637,450	-2,551,930	-1,364,904	-2,981,781	-741,066	-7,186,375	-5,507,623	-	-5,034,121	2,318,313	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments	-21,220,329	-12,848,272	-11,911,446	-9,246,105	-382,484	941,413	60,324	-1,063,887	10,228	-403,843	-230,773	172,287	-425,580	-216,835	-169,770	-61,692	-	-	-33,840	197,632	-3,200	895,704	-971,275	-	1,437,336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-	-	-	-	-3,990,287	2,255,040	-4,687,872	5,210,305	36,969,854	14,531,799	1,279,508	1,354,963	1,350,508	-2,717,388	-7,770,637	-555,309	-6,500,111	-3,176,104	2,198,056	3,874,040	737,680	-4,044,411	10,868,927	-	5,516,163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	-4,118,058	6,255,334	4,058,001	2,250,283	-3,444,821	-933,611	-2,052,349	-956,338	-11,047,252	-3,499,249	1,155,464	3,126,672	-4,568,467	3,400,536	3,672,673	2,060,248	-	-	1,164,205	-550,038	909,742	-1,067,188	-408,035	651,979	-574,409	3,096,387	2,229,263	3,947,577	417,180	4,176,177	3,916,695	5,034,089	761,767	3,125,579	3,682,793	1,239,350	3,292,053	3,069,082	2,553,658	1,317,884	1,986,112	1,202,604	919,359	-	231,666	904,632	226,260	201,691	4,130,612	979,642	952,821	798,932	2,166,825	1,320,504	549,873	-1,452,238	-2,398,960	-	1,703,561	1,525,887	1,731,708	2,095,687	1,027,345	1,821,397	831,594	-	-	-	-	-	-	-	-
Other Cashflows From Financing Activities	-	-	11,372,962	-	2,372,168	-195,014	797,662	-551,721	886,612	-1,076,790	1,981,219	-1,060,260	382,396	-950,441	584,842	-529,243	221,964	-1,013,698	-6,185,433	-19,382,349	-5,465,563	-10,173,444	1,229,308	-2,141,304	-680,827	-9,021,846	-2,620,846	-4,557	-6,593,080	-8,223,674	-2,920,392	441,970	-5,554,088	-4,103,873	55,195	-8,574,982	-4,693,458	-3,892,279	319,684	-8,775,564	-3,444,653	-2,525,107	5,071,951	176,236	-2,080,273	-8,838,063	4,969,368	8,891,700	-3,884,245	-1,892,295	-1,124,034	-14,899,193	11,336,016	-2,551,228	297,832	-10,901,934	6,102,095	-	-16,258,464	6,850,333	-	289,262	169,882	244,950	4,722,825	-	-	-	-	-	-	-	-
Other Cashflows From Investing Activities	-	-	507,508	-	279,800	143,404	319,631	8,215	213,715	23,758	524,454	2,583	414,052	16,309	589,278	589,278	746,271	159,775	1,146,386	237,432	775,390	-5,950,816	504,659	-	1,057,642	-	510,417	-	919,521	-	378,321	-	548,963	27,891	-	511,114	-	282,051	-	713,920	-	421,854	-	447,654	-	250,369	-	353,351	-	19,717	-	544,580	-	10,272	-	-	-	5,017	518,934	-	398,816	536,060	5,941	15,766	319,309	-	-	215,585	-	569,843	-	-	-
Sale Purchase Of Stock	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,999,950	-	4,999,950	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-	-	7,075,037	-	10,612,321	2,829,493	-7,118,097	1,649,250	34,325,555	7,196,507	176,965	-1,931,995	1,413,910	-2,539,655	3,013,884	-368,796	-11,328,183	-	-9,153,065	-2,243,070	-2,094,513	4,013,180	4,662,425	5,606,360	2,109,647	-4,352,464	-4,067,959	-7,291,075	-3,186,184	-5,069,325	-2,698,502	-3,186,648	1,411,946	-2,456,835	-4,910,975	-2,262,026	-11,867,470	-1,493,381	-6,617,211	-2,294,589	-6,551,793	832,553	-1,803,071	69,648	2,405,459	823,097	484,435	9,389,770	543,728	744,049	2,385,776	1,880,207	3,567,606	1,272,983	2,783,090	3,072,426	10,849,669	25,719,681	11,011,553	-2,594,941	1,340,424	2,668,917	1,988,309	7,084,653	4,584,773	3,654,467	2,452,219	-	-	-	-	-	-
Total Cash From Operating Activities	-	-	13,759,732	-	6,936,541	5,495,363	11,683,711	8,403,935	-16,761,606	3,660,103	7,803,880	11,330,463	14,809,727	11,360,223	7,750,419	8,129,437	8,878,368	11,707,231	16,738,595	28,727,978	15,115,530	29,197,363	6,653,021	7,648,994	31,510,824	7,933,659	6,043,792	13,421,867	6,810,160	11,504,300	12,651,376	11,396,872	9,253,621	9,211,894	7,036,595	8,430,518	11,228,445	10,088,716	10,491,750	5,594,440	8,578,724	4,741,906	8,013,012	20,949,155	5,675,214	3,684,892	5,613,165	2,994,289	6,033,471	4,786,737	4,252,227	3,615,290	4,980,507	2,402,359	3,982,834	1,964,380	1,697,667	3,151,421	9,559,311	-4,358,299	5,589,718	13,784,294	5,353,555	8,680,850	2,875,664	8,162,701	3,822,777	9,533,289	4,569,732	7,804,861	3,532,464	5,918,896	2,536,680
Total Cashflows From Investing Activities	-	-	-20,788,794	-	-17,603,130	-7,349,697	-6,035,022	-8,983,509	-15,555,403	-10,016,532	-7,875,026	-9,210,064	-15,937,831	-10,256,278	-9,866,344	-6,006,689	-14,297,706	-4,734,594	-10,001,685	-20,375,882	-6,104,123	-31,748,825	-12,587,721	-	-6,054,747	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,098,883	4,236,560	-	2,043,112

Income Statement

Currency in CNY. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cost Of Revenue	223,574,929	16,357,899	9,114,851	100,580,960	107,539,615	114,904,660	100,967,953	64,165,344	67,521,016	73,688,667	82,761,166	92,444,619	99,159,456	75,750,784	50,536,112	52,536,303	29,326,251	23,880,740	22,377,473	15,875,886	9,946,578	8,028,397	6,258,435	5,971,684	4,278,360	3,318,183	4,209,349	2,766,687	2,598,935
Depreciation And Amortization	-	-	-	22,146,316	21,864,903	20,466,423	20,180,830	14,815,620	14,411,632	11,646,683	11,293,522	11,032,748	11,866,705	10,447,021	8,572,103	7,718,773	7,226,441	6,709,523	6,170,213	4,706,997	4,117,477	3,533,945	3,261,580	2,663,500	2,398,789	1,533,252	1,111,122	660,553	655,565
Ebit	-	-	-9,201,529	21,672,236	12,377,731	10,114,265	9,183,390	18,377,740	29,142,926	25,274,642	24,111,039	16,956,940	14,619,301	13,764,483	13,866,658	-1,255,949	7,922,834	8,546,138	7,011,835	6,918,191	7,073,166	5,578,532	5,014,944	3,901,841	2,979,960	2,179,834	1,419,123	1,409,898	1,341,950
Ebitda	-	24,128,984	15,947,977	43,818,552	34,242,634	30,580,688	29,364,220	33,193,360	43,554,558	36,921,325	35,404,561	27,989,688	26,486,006	24,211,504	22,438,761	6,462,824	15,149,275	15,255,661	13,182,047	11,625,188	11,190,643	9,112,477	8,276,524	6,565,341	5,378,749	3,713,087	2,530,246	2,070,451	1,997,515
Gross Profit	30,821,765	7,504,075	41,772,697	68,865,378	66,469,786	54,645,964	51,491,491	49,648,892	61,383,857	51,718,188	51,071,709	41,522,040	33,777,294	28,567,336	26,326,784	14,921,127	20,305,091	20,209,280	17,715,447	14,242,408	13,441,671	10,447,814	9,535,752	6,565,341	6,209,711	4,764,507	2,530,246	2,070,451	1,997,515
Income Before Tax	13,001,834	-10,813,957	-15,120,644	4,773,736	3,119,460	1,973,147	2,801,733	13,813,138	22,958,050	19,049,580	17,422,689	8,876,785	2,050,367	4,164,090	5,703,976	-4,791,556	7,319,785	8,005,272	6,594,903	6,595,194	6,579,846	4,902,320	4,166,647	2,923,245	2,252,714	2,209,638	2,043,405	1,560,099	1,373,604
Income Tax Expense	-	382,206	-1,603,714	2,163,173	2,011,255	643,173	1,217,526	3,465,151	5,698,943	5,487,208	4,522,671	2,510,370	868,927	842,675	593,787	-239,723	838,331	1,126,076	1,044,727	1,014,264	1,149,438	980,944	715,350	410,667	384,550	370,895	381,690	229,036	169,097
Interest Expense	8,938,084	9,962,125	8,798,200	9,200,612	10,762,718	10,486,412	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	506,878	8,439,170	7,753,158	7,144,479	9,531,455	8,617,227	7,293,534	4,564,602	6,184,876	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	-636,906	2,697,768	2,554,695	19,776,816	18,778,916	18,551,570	17,474,061	18,829,694	16,530,887	2,818,463	2,584,215	983,803	96,014	136,024	312,147	-	420,547	895,038	676,117	257,053	183,894	166,219	71,231	-	-	-	-	-	-
Net Income	8,445,560	-8,026,233	-10,636,194	2,377,851	766,345	734,435	1,579,836	8,520,427	13,651,933	10,757,317	10,426,024	5,512,454	1,180,512	3,347,985	4,929,544	-4,551,833	6,161,535	6,062,447	4,873,786	5,323,877	5,430,408	3,921,376	3,451,297	2,512,579	1,868,164	1,838,744	1,661,716	1,331,063	1,204,506
Net Income Applicable To Common Shares	-	-10,218,183	-12,401,785	2,794,521	880,041	1,096,532	1,673,882	10,382,414	13,651,933	10,545,751	10,520,134	5,868,651	1,268,245	3,544,304	5,080,997	-	5,997,059	5,550,382	4,871,794	5,323,876	5,430,408	3,921,004	3,450,658	2,515,830	-	-	-	-	-
Net Income From Continuing Ops	9,082,466	-10,084,887	-13,190,889	2,610,563	1,108,205	1,329,974	1,584,207	10,347,987	17,549,677	15,359,529	13,104,348	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-8,583,204	-9,740,964	-8,509,909	-8,907,888	-10,498,164	-10,251,808	-9,550,098	-6,670,463	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	22,315,856	-2,374,787	-7,367,486	21,672,236	12,377,731	10,114,265	9,183,390	18,377,740	29,142,926	25,274,642	24,111,039	16,956,940	14,619,301	13,764,483	13,866,658	-1,255,949	7,922,834	8,546,138	7,011,835	6,918,191	7,073,166	5,578,532	5,014,944	3,901,841	2,979,960	2,179,834	1,419,123	1,409,898	1,341,950
Other Operating Expenses	-	523,396	523,396	147,774,102	161,631,670	159,436,359	143,276,054	95,436,496	99,761,947	100,132,213	109,721,836	117,009,719	118,317,449	90,553,637	62,996,238	68,713,379	41,708,508	35,543,882	33,081,086	23,200,103	16,315,083	12,897,679	10,779,244	8,635,184	7,508,111	5,902,856	5,320,471	3,427,239	3,254,500
Reconciled Depreciation	25,098,713	23,869,540	22,270,421	22,146,316	21,966,805	20,916,114	20,635,833	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	1,532,921	1,607,847	1,324,735	667,592	65,022	46,219	45,123	45,123	45,123	50,253	88,463	42,993	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	1,655,921	16,577,318	16,155,232	15,484,004	13,514,752	11,845,280	10,590,084	8,043,406	7,751,551	6,259,588	5,762,884	5,112,484	4,762,438	4,208,191	3,736,111	4,866,887	5,155,816	4,953,619	4,533,399	2,617,220	2,251,028	1,335,337	807,278	-	830,962	1,051,420	-	-	-
Tax Provision	3,919,368	158,658	-1,929,755	2,163,173	2,011,255	643,173	1,217,526	3,465,151	5,698,943	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	232,080,839	246,122,025	212,304,937	147,774,102	161,631,670	159,436,359	143,276,054	95,436,496	96,678,542	109,635,492	107,347,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Income Expense Net	-	-	1,089,119	-7,990,612	1,239,893	2,110,690	3,168,441	2,105,861	1,600,135	1,429,502	928,399	641,540	-4,998,931	-4,406,870	-3,962,679	445,650	1,475,685	996,045	956,556	416,788	234,868	-41,258	-474,417	-34,888	63,923	486,799	1,013,423	434,836	425,659
Total Revenue	254,396,695	245,282,351	202,918,742	169,446,338	174,009,401	169,550,624	152,459,444	113,814,236	128,904,873	125,406,855	133,832,875	133,966,659	132,936,750	104,318,120	76,862,896	67,457,430	49,631,342	44,090,020	40,092,920	30,118,294	23,388,249	18,476,211	15,794,188	12,537,024	10,488,071	8,082,690	6,739,594	4,837,137	4,596,450

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2018-12-31	2018-06-30	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Cost Of Revenue	56,857,129	55,853,740	7,782,736	58,690,864	7,187,521	64,681,358	9,170,378	62,865,125	6,505,954	51,276,830	2,608,897	42,124,351	2,372,134	34,848,325	2,348,127	-	2,818,227	-	2,333,351	2,481,083	2,197,348	1,979,691	14,618,638	32,953,325	13,747,494	23,010,202	6,442,426	19,677,730	-365,838	22,336,754	9,339,615	23,665,292	3,150,075	13,968,700	24,708,031	7,234,856	26,063,024	13,397,789	24,944,125	7,798,620	26,673,022	18,617,383	29,787,487	19,255,362	32,941,703	20,452,374	27,686,623	7,828,603	47,704,098	14,045,908	21,416,656	2,832,014	17,075,573	7,750,302	13,839,128	2,727,365	20,463,679	11,674,853	-	356,081	10,295,577	7,062,982	-	9,343,518	-	3,199,511	-	-999,022	7,937,596	5,176,824	-	-	-	-	4,492,819	-	-	2,016,110	-	-	-	1,633,629	-	-	-	1,513,145	-	-	-	1,217,689	-	-	-	888,238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebit	-	-	-	-	-	1,250,466	-2,242,340	1,181,512	-15,592,139	-2,658,643	2,473,172	6,576,081	2,264,598	6,810,774	-	-	-	-	4,290,900	1,266,867	3,632,496	2,280,713	-642,881	-	617,879	-	3,384,812	-	1,427,316	-	6,284,374	-	2,312,036	5,444,951	-	2,430,511	-	4,682,986	-	1,864,226	-	1,800,473	-	-	-	1,175,915	-	102,281	-	964,709	-	1,022,640	-	1,219,085	-	-1,681,074	-	-346,793	-	1,782,385	-	1,806,097	-	-	-	-	-	2,207,518	-	1,170,141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	-	-	7,450,982	5,443,744	-1,624,608	953,742	-705,877	1,636,186	-13,428,214	-2,635,597	-	-	-	-	-	-	-	-	-	-	-	-	1,696,050	3,517,584	-	6,676,159	5,085,069	8,303,355	3,410,072	8,853,205	10,714,653	10,174,329	4,574,637	10,941,130	7,394,940	4,551,620	8,061,639	10,063,138	6,299,217	4,017,828	5,604,328	7,398,251	3,814,663	-	2,405,424	8,684,175	2,112,804	5,718,749	4,610,889	2,340,419	2,535,723	6,599,993	2,580,516	3,482,401	601,800	-32,121	-1,376,894	1,983,073	15,359,399	2,734,779	1,719,302	-6,961,866	11,552,347	-25,056,905	11,201,017	-7,606,700	11,375,713	1,257,757	2,329,096	2,782,750	9,400,245	-14,501,945	8,379,840	6,579,206	1,968,271	-9,878,018	6,437,065	2,530,962	5,170,152	-7,568,480	5,298,808	2,009,261	3,925,502	-6,594,239	4,163,491	1,902,465	3,723,251	-5,427,933	3,210,890	1,610,385	3,062,509	-4,680,451	2,827,668	1,242,540	2,412,233	-3,882,145	2,020,660	2,021,077	2,020,977	-3,638,808	1,685,977	1,687,157	1,688,155	-2,218,775	1,209,558	1,211,930	1,213,669	-2,104,971	1,149,529	1,148,696	1,148,696
Gross Profit	6,217,852	9,435,707	8,589,702	6,578,504	2,844,307	2,402,366	-127,853	2,385,255	-11,916,855	-1,386,964	-	-	-	-	-	-	-	-	5,323,232	3,196,785	5,004,629	23,005,391	19,237,973	4,623,755	16,846,111	7,286,058	17,659,120	9,145,095	30,863,632	9,607,093	21,688,274	10,612,291	26,696,797	17,811,686	8,117,104	26,316,247	9,112,564	18,528,444	7,191,971	25,379,032	6,263,472	14,301,817	4,473,786	14,374,130	2,815,174	13,201,945	2,713,204	19,697,918	8,973,402	10,407,388	2,921,921	17,353,382	4,006,474	9,664,383	2,276,908	14,610,486	-1,134,636	3,686,222	-	13,402,460	2,412,993	4,489,829	-	3,518,559	-	6,431,835	-	11,961,370	2,329,096	4,223,421	-	-	-	-	1,968,271	-	-	3,241,426	-	-	-	2,291,731	-	-	-	2,209,656	-	-	-	1,844,820	-	-	-	1,528,134	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Before Tax	-3,064,878	7,721,508	8,435,212	3,129,270	-6,279,061	-1,494,920	-4,534,896	-919,880	-20,990,603	-4,801,076	5,869,959	4,929,608	-3,822,141	4,980,619	8,595,877	-	-2,622,429	-	5,741,889	-1,033,412	3,006,559	1,981,697	-642,881	1,462,917	-776,077	4,911,406	3,384,812	6,624,466	1,427,316	6,736,655	6,284,374	8,234,713	2,312,036	5,444,951	6,065,718	2,430,511	5,580,405	4,682,986	4,365,757	1,864,226	3,400,003	1,800,473	1,646,247	175,535	434,217	1,175,915	434,518	102,281	4,681,336	964,709	1,413,297	1,022,640	2,626,905	1,219,085	629,127	-1,681,074	-2,554,007	-346,793	-	1,782,385	1,770,593	1,806,097	-	2,661,549	-	1,341,463	-	2,207,518	1,994,965	1,170,141	-	-	-	-	1,746,198	-	-	1,404,736	-	-	-	1,078,187	-	-	-	937,237	-	-	-	677,851	-	-	-	556,287	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense	-	-	-	-	567,537	87,278	-464,661	192,051	-2,296,587	-461,910	254,768	900,015	195,727	876,852	1,109,895	927,935	319,094	609,278	433,253	-150,520	275,118	318,476	-14,144	493,019	-53,457	1,157,630	785,695	1,628,309	471,985	1,615,166	1,542,318	2,005,038	1,089,670	1,587,390	1,501,964	680,167	1,537,906	1,212,559	1,075,503	493,663	991,447	509,463	485,180	278,974	174,447	313,040	187,149	29,611	439,573	150,057	272,046	154,214	349,729	3,658	50,873	-228,836	-155,047	64,488	-	7,088	193,854	279,877	-	322,974	-	206,044	-	293,368	350,830	174,388	-	-	-	-	286,371	-	-	262,020	-	-	-	190,730	-	-	-	159,159	-	-	-	113,368	-	-	-	118,377	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	2,198,883	2,189,680	2,235,048	2,314,474	2,407,193	2,448,662	2,550,205	2,556,066	2,373,760	2,165,480	1,451,325	1,843,259	1,779,182	1,509,809	1,256,130	-	-	-	2,747,547	2,648,059	2,694,140	2,819,430	2,486,244	2,176,397	1,701,391	1,712,501	1,700,257	1,679,246	1,982,756	2,116,559	2,177,357	1,910,412	2,262,601	1,879,686	1,847,220	2,121,109	1,887,292	2,015,057	1,933,835	2,153,602	2,204,325	2,263,040	2,301,864	2,161,726	1,971,206	1,779,153	1,731,924	2,019,730	-	1,375,709	1,122,427	881,286	-	989,363	-	1,648,953	1,177,113	816,536	-	773,613	519,214	485,331	-	571,739	-	371,380	-	545,186	-	315,058	-	-	-	-	129,186	-	-	-	-	-	-	133,166	-	-	-	224,011	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Income	846,261	549,684	3,615,151	96,687	4,250,254	78,472	4,188,916	75,599	4,450,737	66,249	3,302,421	-	3,312,310	-	3,832,169	-	4,523,710	-	4,734,561	3,436,443	4,704,675	2,134,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	253,384	-580,683	-95,903	-213,704	1,154,517	648,587	739,072	155,592	2,458,135	839,917	22,225,749	21,744,221	19,776,816	20,415,573	20,097,550	19,447,913	18,730,201	19,448,370	19,095,077	18,551,570	17,792,923	16,670,327	18,808,870	-	15,244,521	-	414,176	-	694,604	-	928,125	-	474,006	739,656	-	621,214	-	475,959	-	182,521	-	137,132	-	38,705	-	8,096	-	-	-	-	-	200,996	-	-	-	-	-	-	-	171,983	-	47,595	-	242,888	-	108,074	-	91,105	-	138,297	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	-4,118,058	6,255,334	6,489,663	2,250,283	-4,806,030	-933,611	-3,220,203	-956,338	-14,654,734	-3,499,249	4,018,540	3,126,672	-3,063,174	3,400,536	5,441,025	-	-2,675,220	-	3,441,565	-996,937	1,731,372	1,335,892	-408,035	651,979	-574,409	3,096,387	2,229,263	3,947,577	417,180	4,176,177	3,916,695	5,034,089	761,767	3,125,579	3,682,793	1,239,350	3,292,053	3,069,082	2,553,658	1,317,884	1,986,112	1,202,604	919,359	-	231,666	904,632	226,260	201,691	4,130,612	979,642	952,821	798,932	2,166,825	1,320,504	549,873	-1,452,238	-2,398,960	-271,774	-271,740	1,703,561	1,525,887	1,440,138	1,435,243	1,457,413	1,535,014	607,923	1,558,955	1,822,871	1,430,351	839,628	839,628	1,463,945	1,328,966	1,127,001	1,403,965	1,572,600	1,572,600	1,142,716	1,126,954	1,076,741	1,070,297	887,457	887,489	949,912	945,209	778,078	778,172	692,015	692,745	564,482	564,482	496,172	496,172	437,910	437,910	460,457	459,429	459,524	459,501	414,838	415,902	416,193	416,439	332,369	332,898	333,551	334,030	301,543	301,543	300,710	300,710
Net Income Applicable To Common Shares	-	-	5,060,306	-	-5,938,054	126,315	-3,112,275	-956,338	-13,184,672	-2,439,323	95,538	3,126,672	-6,338,936	3,400,536	3,672,673	2,060,248	-4,388,535	1,569,073	3,169,311	-1,339,286	1,731,372	1,267,292	135,593	-	-574,409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	-4,371,442	6,836,017	4,153,904	2,463,987	-4,599,338	-1,582,198	-2,791,421	-1,111,930	-13,505,387	-4,339,166	-	-	-	-	-	-	-	-	1,283,943	-401,642	1,057,434	-1,198,094	67,261	-	-722,620	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-1,848,564	-2,305,989	-2,301,625	-2,127,027	-2,475,964	-2,255,992	-2,472,931	-2,536,078	-2,385,508	-2,056,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	3,066,755	7,353,041	12,050,363	4,948,927	-2,028,807	506,401	-345,980	1,180,040	-16,539,866	-3,080,230	9,172,380	4,907,865	-509,831	5,172,811	12,428,046	-	1,901,281	-	10,476,450	2,403,031	7,711,234	4,116,376	1,644,377	3,422,637	617,879	4,963,981	6,185,977	6,552,578	8,133,661	6,664,319	9,765,643	7,747,069	8,887,437	9,164,554	5,253,365	9,080,450	5,658,588	7,983,154	4,332,164	10,133,951	3,343,295	5,950,981	1,559,946	1,518,682	1,943,403	4,422,392	368,402	4,901,101	4,553,440	2,904,525	1,310,848	4,620,263	2,580,531	3,099,886	604,281	1,975,712	-2,598,975	239,122	15,359,399	2,386,123	2,004,555	-6,979,245	11,552,347	-25,056,905	11,201,017	-7,186,682	11,375,713	1,257,757	2,329,096	1,334,074	9,400,245	-14,501,945	8,379,840	6,579,206	1,968,271	-9,878,018	6,437,065	1,544,007	5,170,152	-7,568,480	5,298,808	1,208,948	3,925,502	-6,594,239	4,163,491	1,124,304	3,723,251	-5,427,933	3,210,890	922,931	3,062,509	-4,680,451	2,827,668	705,292	2,412,233	-3,882,145	2,020,660	2,021,077	2,020,977	-3,638,808	1,685,977	1,687,157	1,688,155	-2,218,775	1,209,558	1,211,930	1,213,669	-2,104,971	1,149,529	1,148,696	1,148,696
Other Operating Expenses	-	-	-	-	353,815	757,223	753,185	165,543	819,681	263,807	592,000	326,403	1,084,043	237,265	170,285	324,251	989,457	333,063	9,079	505,471	449,354	438,574	32,212,233	34,154,442	853,436	25,771,090	17,651,436	22,534,380	21,076,707	25,698,114	20,917,778	26,874,982	19,722,133	22,615,832	27,571,770	23,773,597	29,722,696	23,943,079	27,803,932	23,043,702	29,593,199	26,968,219	32,701,327	-	33,813,474	29,231,928	30,031,424	22,022,688	52,786,284	21,548,771	23,027,729	14,963,471	18,741,554	14,314,800	15,511,754	15,096,074	21,928,018	15,121,952	-	11,372,418	10,704,015	9,813,427	-	-	-	-	-	9,704,590	7,937,596	8,066,171	-	-	-	-	4,492,819	-	-	3,713,528	-	-	-	2,716,412	-	-	-	2,598,497	-	-	-	2,139,577	-	-	-	1,711,079	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	657,084	362,990	317,442	195,405	935,471	393,221	202,272	76,882	1,023,699	179,489	-	-	-	-	-	-	-	-	7,145	39,613	4,441	4,441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,802	-	4,121	-	745	-	1,104	-	992	-	-	1,104	-	1,300	-	5,088	-	1,342	-	1,895	-	3,076	-	1,575	-	1,269	-	613	-	673	-	299	-	620	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	2,664,535	3,670,322	7,515,824	1,353,531	9,760,156	3,331,156	6,881,983	1,293,875	9,388,141	3,362,096	6,933,661	1,364,223	8,984,278	1,158,693	5,614,906	-	8,632,793	-	4,977,026	7,393,852	4,548,149	6,323,359	3,426,855	884,601	487,151	832,308	2,530,385	900,271	5,142,723	962,579	2,314,609	921,139	3,992,746	1,881,343	769,212	3,508,935	889,401	1,701,539	773,509	3,095,025	742,963	1,550,744	710,198	339,136	751,550	1,469,980	675,503	2,256,001	1,514,159	1,200,889	617,488	2,220,683	1,625,438	695,391	1,701,474	3,494,520	515,283	1,546,503	-	4,016,754	372,733	934,554	-	360,184	-	982,458	-	1,859,312	-	1,302,145	-	-	-	-	-	-	-	674,131	-	-	-	294,234	-	-	-	254,573	-	-	-	235,395	-	-	-	260,760	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Provision	1,306,564	885,491	1,626,072	665,283	518,299	87,278	-359,641	192,051	-2,986,469	-461,910	1,056,714	900,015	267,730	876,852	1,895,443	-	664,739	-	1,346,516	-101,413	744,586	738,651	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	60,008,226	57,936,405	53,815,767	60,320,441	62,429,520	66,577,322	53,044,843	64,070,340	73,329,251	52,970,096	-	-	-	-	-	-	-	-	33,474,773	42,605,192	35,516,788	39,104,380	31,385,620	-	29,975,726	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Income Expense Net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,573,705	-1,819,029	-2,299,945	-3,160,330	103,752	216,677	-1,393,956	1,659,925	-1,172,678	1,751,134	-4,884,313	2,188,895	-1,387,589	2,398,055	-4,472,350	-1,920,733	2,659,573	-4,699,553	1,809,108	-1,368,973	1,967,428	-6,291,524	2,261,033	-1,964,511	2,388,166	-	462,020	-1,551,414	1,798,040	-3,321,809	3,507,010	-590,932	1,224,875	-2,776,734	46,374	-1,880,800	24,845	-2,091,355	1,222,081	211,385	-	237,709	285,253	540,396	-	-	-	-	-	-563,710	-	138,527	-	-	-	-	132,938	-	-	36,333	-	-	-	-11,764	-	-	-	52,609	-	-	-	-960	-	-	-	24,834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	63,074,981	65,289,446	125,297,957	65,269,368	129,059,960	67,083,723	116,222,391	65,250,380	108,744,380	49,889,866	94,174,362	49,909,188	89,412,523	42,701,696	78,239,811	-	85,726,258	-	79,257,918	84,949,498	80,431,951	79,261,203	33,856,610	37,577,079	30,593,605	30,296,260	24,101,545	28,822,826	30,497,794	31,943,847	31,027,889	34,277,583	29,846,873	31,780,386	32,825,135	33,551,103	35,175,589	31,926,233	32,136,096	33,177,652	32,936,494	32,919,200	34,261,273	33,629,492	35,756,877	33,654,319	30,399,827	27,526,521	56,677,500	24,453,296	24,338,577	20,185,396	21,082,047	17,414,685	16,116,036	17,337,851	19,329,043	15,361,074	15,359,399	13,758,541	12,708,569	11,521,817	11,552,347	10,486,977	11,201,017	8,392,395	11,375,713	10,962,348	10,266,692	9,400,245	9,400,245	8,698,158	8,379,840	6,579,206	6,461,090	6,437,065	6,437,065	5,257,536	5,170,152	5,329,199	5,298,808	3,925,360	3,925,502	4,185,005	4,163,491	3,722,801	3,723,251	3,207,251	3,210,890	3,062,509	3,062,509	2,827,660	2,827,668	2,416,372	2,412,233	2,020,711	2,020,660	2,021,077	2,020,977	1,681,663	1,685,977	1,687,157	1,688,155	1,208,464	1,209,558	1,211,930	1,213,669	1,149,529	1,149,529	1,148,696	1,148,696

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	254,396,695
Cost of Revenue	-223,574,929
Gross Profit	30,821,765	30,821,765

Operating Income (+$)
Gross Profit	30,821,765
Operating Expense	-232,080,839
Operating Income	22,315,856	-201,259,074

Operating Expense (+$)
Research Development	1,532,921
Selling General Administrative	1,655,921
Selling And Marketing Expenses	-
Operating Expense	232,080,839	3,188,842

Net Interest Income (+$)
Interest Income	506,878
Interest Expense	-8,938,084
Other Finance Cost	-151,998
Net Interest Income	-8,583,204

Pretax Income (+$)
Operating Income	22,315,856
Net Interest Income	-8,583,204
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	13,001,834	22,315,856 EBIT - interestExpense = -8,938,084 8,445,560 17,383,644
Interest Expense	8,938,084
Earnings Before Interest and Taxes (EBIT)	-	21,939,918
Earnings Before Interest and Taxes (EBITDA)	-

After tax Income (+$)
Income Before Tax	13,001,834
Tax Provision	-3,919,368
Net Income From Continuing Ops	9,082,466	9,082,466
Net Income	8,445,560
Net Income Applicable To Common Shares	-

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	-	8,583,204

Technical Analysis of Huaneng Power International
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Huaneng Power International. The general trend of Huaneng Power International is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Huaneng Power International's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (71.4%)		Bearish trend (-71.4%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Huaneng Power International.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 5.28 < 5.43.

The bearish price targets are: 4.82 > 4.5 > 4.37.

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Huaneng Power International Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Huaneng Power International. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

MA 20 trending up: The MA 20 is trending up. +1
Close < MA 20: The price is below the MA 20. -1
MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending up: The MA 50 is trending up. +1
Close > MA 50: The price is above the MA 50. +1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending down: The MA 200 is trending down. -1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Huaneng Power International Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Huaneng Power International. The current macd is 0.08037384.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Huaneng Power International price going down in the near term. -2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Huaneng Power International. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Huaneng Power International price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Huaneng Power International Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Huaneng Power International. The current adx is 28.30.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Huaneng Power International shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2

Huaneng Power International Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Huaneng Power International. The current sar is 5.36036385.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Huaneng Power International Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Huaneng Power International. The current rsi is 48.64. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Huaneng Power International Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Huaneng Power International. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Huaneng Power International price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

Huaneng Power International Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Huaneng Power International. The current cci is -41.88122211.

Huaneng Power International Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Huaneng Power International. The current cmo is -15.76382658.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Huaneng Power International Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Huaneng Power International. The current willr is -90.90909091.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1

Huaneng Power International Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Huaneng Power International.

Huaneng Power International Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Huaneng Power International. The current atr is 0.20254536.

Huaneng Power International Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Huaneng Power International. The current obv is -792,452,822.

Huaneng Power International Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Huaneng Power International. The current mfi is 50.94.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

Huaneng Power International Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Huaneng Power International.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-12-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-19	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-20	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-02	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-03	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-10	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-17	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-18	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-19	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-24	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-25	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-01	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-20	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-22	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-29	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-05	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-07	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-11	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-19	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-20	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-22	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-02	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-04-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-08	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-04-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-12	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-04-18	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-04-19	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-04-22	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-24	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-26	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside

6.3. Candlestick Patterns

Huaneng Power International Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Huaneng Power International based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	48.645
Ma 20	Greater than	Ma 50	4.938
Ma 50	Greater than	Ma 100	4.661
Ma 100	Greater than	Ma 200	4.440
Open	Greater than	Close	4.900
Total			4/5 (80.0%)

Create your own Symbol Scanner

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Quick analysis of Huaneng Power International (30 sec.)

What can you expect buying and holding a share of Huaneng Power International? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Huaneng Power International (5 min.)

HK$4.83

HK$11.79

HK$-69.09 - HK$-82.51

HK$-57.31 - HK$-70.73

2. Growth of Huaneng Power International (5 min.)

Is Huaneng Power International growing?

How much money is Huaneng Power International making?

How much money comes from the company's main activities?

3. Financial Health of Huaneng Power International (5 min.)

What can you expect buying and holding a share of Huaneng Power International? (5 min.)

What can you expect buying and holding a share of Huaneng Power International?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Huaneng Power International

About Huaneng Power International

Financial Health

Valuation

1.1. Profitability of Huaneng Power International.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of Huaneng Power International.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Huaneng Power International.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Huaneng Power International.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Huaneng Power International

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Huaneng Power International
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