Sany Renewable Energy Co.,Ltd. (SHA:688349)

Sany Renewable Energy Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	20,978	17,666	14,834	12,238	10,058	9,194
Other Revenue	127.75	126.13	104.46	86.82	136.83	117.07
Revenue	21,105	17,792	14,939	12,325	10,195	9,311
Revenue Growth (YoY)	29.45%	19.10%	21.21%	20.89%	9.50%	528.57%
Cost of Revenue	18,048	14,796	12,906	9,426	7,269	6,534
Gross Profit	3,058	2,995	2,033	2,899	2,925	2,777
Selling, General & Admin	1,225	1,158	1,110	1,174	1,010	900.35
Research & Development	771.84	776.8	871.66	768.31	541.89	461.73
Other Operating Expenses	-131.48	-105.33	-24.11	-27.35	-119.6	-141.69
Operating Expenses	1,908	1,858	1,928	1,977	1,489	1,231
Operating Income	1,149	1,137	104.94	921.23	1,436	1,546
Interest Expense	-95.37	-85.65	-101.2	-121.19	-111.2	-66.13
Interest & Investment Income	656.44	1,004	2,097	1,107	589.25	92.86
Currency Exchange Gain (Loss)	-25.15	5.03	4.11	23.72	-0.3	-
Other Non Operating Income (Expenses)	-63.78	-34.71	-73.88	-21.56	-14.31	-88.45
EBT Excluding Unusual Items	1,621	2,027	2,031	1,909	1,900	1,485
Gain (Loss) on Sale of Investments	112.94	40.11	-44.38	-74.35	39.09	66.54
Gain (Loss) on Sale of Assets	34.33	5.92	0.21	0.14	0.26	-1.92
Asset Writedown	-82.24	-87.43	-4.89	-65.99	-96.82	-69.79
Legal Settlements	-	-	-	-	0.9	-
Other Unusual Items	171.66	164.8	417.72	116.28	6.84	-0.75
Pretax Income	1,858	2,150	2,399	1,886	1,850	1,479
Income Tax Expense	269.63	338.01	392.92	232.63	246.88	108.79
Earnings From Continuing Operations	1,589	1,812	2,007	1,653	1,603	1,370
Minority Interest in Earnings	0	0	-	-5.2	-0	1.69
Net Income	1,589	1,812	2,007	1,648	1,603	1,372
Net Income to Common	1,589	1,812	2,007	1,648	1,603	1,372
Net Income Growth	-2.14%	-9.70%	21.78%	2.78%	16.88%	992.53%
Shares Outstanding (Basic)	1,210	1,202	1,194	1,086	988	989
Shares Outstanding (Diluted)	1,214	1,215	1,213	1,100	998	989
Shares Change (YoY)	-0.52%	0.16%	10.27%	10.21%	1.00%	-22.77%
EPS (Basic)	1.31	1.51	1.68	1.52	1.62	1.39
EPS (Diluted)	1.31	1.49	1.65	1.50	1.61	1.39
EPS Growth	-1.63%	-9.84%	10.43%	-6.74%	15.73%	1314.69%
Free Cash Flow	-393.41	-2,316	-2,664	-1,860	-1,253	-1,234
Free Cash Flow Per Share	-0.32	-1.91	-2.20	-1.69	-1.25	-1.25
Dividend Per Share	0.600	0.600	0.590	0.430	-	-
Dividend Growth	1.70%	1.70%	37.21%	-	-	-
Gross Margin	14.49%	16.84%	13.61%	23.52%	28.69%	29.83%
Operating Margin	5.45%	6.39%	0.70%	7.47%	14.09%	16.61%
Profit Margin	7.53%	10.18%	13.43%	13.37%	15.72%	14.73%
Free Cash Flow Margin	-1.86%	-13.02%	-17.84%	-15.09%	-12.29%	-13.25%
EBITDA	1,721	1,660	551.6	1,250	1,730	1,745
EBITDA Margin	8.16%	9.33%	3.69%	10.15%	16.97%	18.75%
D&A For EBITDA	571.94	522.25	446.65	329.2	293.83	198.98
EBIT	1,149	1,137	104.94	921.23	1,436	1,546
EBIT Margin	5.45%	6.39%	0.70%	7.47%	14.09%	16.61%
Effective Tax Rate	14.51%	15.72%	16.38%	12.34%	13.34%	7.36%
Revenue as Reported	21,105	17,792	14,939	12,325	10,195	-

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