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

Sany Renewable Energy Co.,Ltd. Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	16,412	14,834	12,238	10,058	9,194	1,349
Other Revenue	104.46	104.46	86.82	136.83	117.07	131.8
Revenue	16,517	14,939	12,325	10,195	9,311	1,481
Revenue Growth (YoY)	42.25%	21.21%	20.89%	9.50%	528.57%	43.14%
Cost of Revenue	13,783	12,396	9,426	7,269	6,534	973.45
Gross Profit	2,734	2,543	2,899	2,925	2,777	507.79
Selling, General & Admin	1,719	1,620	1,174	1,010	900.35	466.7
Research & Development	738.3	871.66	768.31	541.89	461.73	141.8
Other Operating Expenses	147.9	-24.11	-27.35	-119.6	-141.69	-10.16
Operating Expenses	2,569	2,438	1,977	1,489	1,231	600.99
Operating Income	164.69	104.94	921.23	1,436	1,546	-93.2
Interest Expense	-89.4	-101.2	-121.19	-111.2	-66.13	-141.69
Interest & Investment Income	1,664	2,097	1,107	589.25	92.86	168.64
Currency Exchange Gain (Loss)	4.11	4.11	23.72	-0.3	-	-
Other Non Operating Income (Expenses)	-118.5	-73.88	-21.56	-14.31	-88.45	-81.22
EBT Excluding Unusual Items	1,625	2,031	1,909	1,900	1,485	-147.47
Gain (Loss) on Sale of Investments	27.02	-44.38	-74.35	39.09	66.54	262.06
Gain (Loss) on Sale of Assets	-1.59	0.21	0.14	0.26	-1.92	6.2
Asset Writedown	-14.29	-4.89	-65.99	-96.82	-69.79	-2.42
Legal Settlements	-	-	-	0.9	-	-
Other Unusual Items	420.66	417.72	116.28	6.84	-0.75	-0.02
Pretax Income	2,057	2,399	1,886	1,850	1,479	118.35
Income Tax Expense	396.12	392.92	232.63	246.88	108.79	-7.2
Earnings From Continuing Operations	1,661	2,007	1,653	1,603	1,370	125.54
Minority Interest in Earnings	0	-	-5.2	-0	1.69	-0
Net Income	1,661	2,007	1,648	1,603	1,372	125.54
Net Income to Common	1,661	2,007	1,648	1,603	1,372	125.54
Net Income Growth	14.10%	21.78%	2.78%	16.88%	992.53%	-
Shares Outstanding (Basic)	1,201	1,194	1,086	988	989	1,280
Shares Outstanding (Diluted)	1,217	1,213	1,100	998	989	1,280
Shares Change (YoY)	2.06%	10.27%	10.21%	1.00%	-22.77%	-
EPS (Basic)	1.38	1.68	1.52	1.62	1.39	0.10
EPS (Diluted)	1.36	1.65	1.50	1.61	1.39	0.10
EPS Growth	11.80%	10.43%	-6.74%	15.73%	1314.69%	-
Free Cash Flow	-5,898	-2,664	-1,860	-1,253	-1,234	1,029
Free Cash Flow Per Share	-4.84	-2.20	-1.69	-1.26	-1.25	0.80
Dividend Per Share	0.590	0.590	0.430	-	-	-
Dividend Growth	37.21%	37.21%	-	-	-	-
Gross Margin	16.55%	17.02%	23.52%	28.69%	29.83%	34.28%
Operating Margin	1.00%	0.70%	7.47%	14.09%	16.61%	-6.29%
Profit Margin	10.06%	13.43%	13.37%	15.73%	14.73%	8.48%
Free Cash Flow Margin	-35.71%	-17.84%	-15.09%	-12.29%	-13.25%	69.44%
EBITDA	680.49	540.78	1,250	1,730	1,745	56.03
EBITDA Margin	4.12%	3.62%	10.15%	16.97%	18.75%	3.78%
D&A For EBITDA	515.8	435.83	329.2	293.83	198.98	149.23
EBIT	164.69	104.94	921.23	1,436	1,546	-93.2
EBIT Margin	1.00%	0.70%	7.47%	14.09%	16.61%	-6.29%
Effective Tax Rate	19.26%	16.38%	12.34%	13.34%	7.36%	-
Revenue as Reported	16,517	14,939	12,325	10,195	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.