Sany Renewable Energy 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	23,049	17,666	14,834	12,238	10,058	9,194
Other Revenue	126.13	126.13	104.46	86.82	136.83	117.07
Revenue	23,175	17,792	14,939	12,325	10,195	9,311
Revenue Growth (YoY)	40.31%	19.10%	21.21%	20.89%	9.50%	528.57%
Cost of Revenue	20,424	14,796	12,906	9,426	7,269	6,534
Gross Profit	2,751	2,995	2,033	2,899	2,925	2,777
Selling, General & Admin	1,283	1,158	1,110	1,174	1,010	900.35
Research & Development	806.87	776.8	871.66	768.31	541.89	461.73
Other Operating Expenses	-77.8	-105.33	-24.11	-27.35	-119.6	-141.69
Operating Expenses	2,067	1,858	1,928	1,977	1,489	1,231
Operating Income	683.69	1,137	104.94	921.23	1,436	1,546
Interest Expense	-85.01	-85.65	-101.2	-121.19	-111.2	-66.13
Interest & Investment Income	669.37	1,004	2,097	1,107	589.25	92.86
Currency Exchange Gain (Loss)	5.03	5.03	4.11	23.72	-0.3	-
Other Non Operating Income (Expenses)	-80.4	-34.71	-73.88	-21.56	-14.31	-88.45
EBT Excluding Unusual Items	1,193	2,027	2,031	1,909	1,900	1,485
Gain (Loss) on Sale of Investments	107.71	40.11	-44.38	-74.35	39.09	66.54
Gain (Loss) on Sale of Assets	30.85	5.92	0.21	0.14	0.26	-1.92
Asset Writedown	-69.72	-87.43	-4.89	-65.99	-96.82	-69.79
Legal Settlements	-	-	-	-	0.9	-
Other Unusual Items	150.89	164.8	417.72	116.28	6.84	-0.75
Pretax Income	1,412	2,150	2,399	1,886	1,850	1,479
Income Tax Expense	163.46	338.01	392.92	232.63	246.88	108.79
Earnings From Continuing Operations	1,249	1,812	2,007	1,653	1,603	1,370
Minority Interest in Earnings	-	0	-	-5.2	-0	1.69
Net Income	1,249	1,812	2,007	1,648	1,603	1,372
Net Income to Common	1,249	1,812	2,007	1,648	1,603	1,372
Net Income Growth	-24.80%	-9.70%	21.78%	2.78%	16.88%	992.53%
Shares Outstanding (Basic)	1,211	1,202	1,194	1,086	988	989
Shares Outstanding (Diluted)	1,226	1,215	1,213	1,100	998	989
Shares Change (YoY)	0.71%	0.16%	10.27%	10.21%	1.00%	-22.77%
EPS (Basic)	1.03	1.51	1.68	1.52	1.62	1.39
EPS (Diluted)	1.02	1.49	1.65	1.50	1.61	1.39
EPS Growth	-25.32%	-9.84%	10.43%	-6.74%	15.73%	1314.69%
Free Cash Flow	200.9	-2,316	-2,664	-1,860	-1,253	-1,234
Free Cash Flow Per Share	0.16	-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	11.87%	16.84%	13.61%	23.52%	28.69%	29.83%
Operating Margin	2.95%	6.39%	0.70%	7.47%	14.09%	16.61%
Profit Margin	5.39%	10.18%	13.43%	13.37%	15.72%	14.73%
Free Cash Flow Margin	0.87%	-13.02%	-17.84%	-15.09%	-12.29%	-13.25%
EBITDA	1,263	1,660	551.6	1,250	1,730	1,745
EBITDA Margin	5.45%	9.33%	3.69%	10.15%	16.97%	18.75%
D&A For EBITDA	578.94	522.25	446.65	329.2	293.83	198.98
EBIT	683.69	1,137	104.94	921.23	1,436	1,546
EBIT Margin	2.95%	6.39%	0.70%	7.47%	14.09%	16.61%
Effective Tax Rate	11.57%	15.72%	16.38%	12.34%	13.34%	7.36%
Revenue as Reported	23,175	17,792	14,939	12,325	10,195	-

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