Solareast Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	4,250	4,730	4,454	3,573	3,840	3,169
Other Revenue	349.29	349.29	388.44	324.1	365.5	373.95
Revenue	4,599	5,079	4,842	3,897	4,206	3,543
Revenue Growth (YoY)	-0.51%	4.89%	24.24%	-7.32%	18.71%	5.25%
Cost of Revenue	3,486	3,910	3,518	2,754	2,989	2,449
Gross Profit	1,113	1,169	1,324	1,143	1,217	1,093
Selling, General & Admin	992.34	1,047	1,062	934.95	1,005	851.13
Research & Development	167.23	175.59	181.16	169.71	154.81	116.26
Other Operating Expenses	21.51	14.62	39.08	31.99	32.14	34.4
Operating Expenses	1,218	1,271	1,308	1,145	1,194	1,002
Operating Income	-104.74	-101.98	15.44	-1.72	22.79	91.58
Interest Expense	-15.94	-	-	-2.05	-6.19	-21.9
Interest & Investment Income	295.48	307.38	289.15	253.19	181.5	156.4
Currency Exchange Gain (Loss)	-	-	-	10.15	-2.15	-5.37
Other Non Operating Income (Expenses)	-1.54	0.53	2.11	-0.95	-0.36	7.67
EBT Excluding Unusual Items	173.26	205.92	306.7	258.62	195.59	228.37
Impairment of Goodwill	-	-	-98.12	-22.08	-	-36.08
Gain (Loss) on Sale of Investments	4.98	7.29	0.62	2.64	-0.15	-10.92
Gain (Loss) on Sale of Assets	0.13	-1.23	-4.57	4.21	-2.95	-0.34
Asset Writedown	-0.2	-0.2	-5.94	1.23	-0.48	-0.92
Legal Settlements	-	-	-	-0.18	-10.44	-11.56
Other Unusual Items	44.78	43.52	28.5	39.35	33.24	30.82
Pretax Income	222.96	255.3	227.18	283.8	214.82	199.37
Income Tax Expense	54.21	54.59	27.49	25.92	0.22	26.22
Earnings From Continuing Operations	168.75	200.71	199.69	257.88	214.59	173.16
Minority Interest in Earnings	13.02	11.64	8.94	1.26	-2.08	-3.04
Net Income	181.78	212.36	208.63	259.14	212.51	170.11
Net Income to Common	181.78	212.36	208.63	259.14	212.51	170.11
Net Income Growth	71.45%	1.79%	-19.49%	21.94%	24.92%	106.00%
Shares Outstanding (Basic)	818	813	854	801	800	800
Shares Outstanding (Diluted)	818	813	854	801	800	800
Shares Change (YoY)	-4.41%	-4.76%	6.61%	0.12%	-0.01%	-0.01%
EPS (Basic)	0.22	0.26	0.24	0.32	0.27	0.21
EPS (Diluted)	0.22	0.26	0.24	0.32	0.27	0.21
EPS Growth	79.36%	6.88%	-24.48%	21.80%	24.93%	106.01%
Free Cash Flow	-889.63	-904.66	359.9	-67.17	8.77	342.37
Free Cash Flow Per Share	-1.09	-1.11	0.42	-0.08	0.01	0.43
Dividend Per Share	0.054	0.054	0.078	-	0.078	0.125
Dividend Growth	-30.77%	-30.77%	-	-	-37.60%	100.00%
Gross Margin	24.20%	23.02%	27.34%	29.33%	28.93%	30.86%
Operating Margin	-2.28%	-2.01%	0.32%	-0.04%	0.54%	2.58%
Profit Margin	3.95%	4.18%	4.31%	6.65%	5.05%	4.80%
Free Cash Flow Margin	-19.34%	-17.81%	7.43%	-1.72%	0.21%	9.66%
EBITDA	61.12	52.75	155.35	143.9	163.93	232.1
EBITDA Margin	1.33%	1.04%	3.21%	3.69%	3.90%	6.55%
D&A For EBITDA	165.86	154.73	139.91	145.62	141.14	140.52
EBIT	-104.74	-101.98	15.44	-1.72	22.79	91.58
EBIT Margin	-2.28%	-2.01%	0.32%	-0.04%	0.54%	2.58%
Effective Tax Rate	24.31%	21.38%	12.10%	9.13%	0.10%	13.15%
Revenue as Reported	4,599	5,079	4,842	3,897	4,206	3,543
Advertising Expenses	-	174.65	193.77	151.16	174.81	189.55

Source: S&P Global Market Intelligence. Standard template. Financial Sources.