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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	18,125	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	18,251	17,792	14,939	12,325	10,195	9,311
Revenue Growth (YoY)	20.84%	19.10%	21.21%	20.89%	9.50%	528.57%
Cost of Revenue	15,388	14,796	12,906	9,426	7,269	6,534
Gross Profit	2,863	2,995	2,033	2,899	2,925	2,777
Selling, General & Admin	1,218	1,158	1,110	1,174	1,010	900.35
Research & Development	754.01	776.8	871.66	768.31	541.89	461.73
Other Operating Expenses	-84.95	-105.33	-24.11	-27.35	-119.6	-141.69
Operating Expenses	1,899	1,858	1,928	1,977	1,489	1,231
Operating Income	963.74	1,137	104.94	921.23	1,436	1,546
Interest Expense	-85.65	-85.65	-101.2	-121.19	-111.2	-66.13
Interest & Investment Income	601.14	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)	-56.8	-34.71	-73.88	-21.56	-14.31	-88.45
EBT Excluding Unusual Items	1,427	2,027	2,031	1,909	1,900	1,485
Gain (Loss) on Sale of Investments	63.6	40.11	-44.38	-74.35	39.09	66.54
Gain (Loss) on Sale of Assets	5.86	5.92	0.21	0.14	0.26	-1.92
Asset Writedown	-73.78	-87.43	-4.89	-65.99	-96.82	-69.79
Legal Settlements	-	-	-	-	0.9	-
Other Unusual Items	164.8	164.8	417.72	116.28	6.84	-0.75
Pretax Income	1,588	2,150	2,399	1,886	1,850	1,479
Income Tax Expense	232.97	338.01	392.92	232.63	246.88	108.79
Earnings From Continuing Operations	1,355	1,812	2,007	1,653	1,603	1,370
Minority Interest in Earnings	0	0	-	-5.2	-0	1.69
Net Income	1,355	1,812	2,007	1,648	1,603	1,372
Net Income to Common	1,355	1,812	2,007	1,648	1,603	1,372
Net Income Growth	-24.30%	-9.70%	21.78%	2.78%	16.88%	992.53%
Shares Outstanding (Basic)	1,205	1,202	1,194	1,086	988	989
Shares Outstanding (Diluted)	1,214	1,215	1,213	1,100	998	989
Shares Change (YoY)	-0.19%	0.16%	10.27%	10.21%	1.00%	-22.77%
EPS (Basic)	1.12	1.51	1.68	1.52	1.62	1.39
EPS (Diluted)	1.12	1.49	1.65	1.50	1.61	1.39
EPS Growth	-24.16%	-9.84%	10.43%	-6.74%	15.73%	1314.69%
Free Cash Flow	-409.17	-2,316	-2,664	-1,860	-1,253	-1,234
Free Cash Flow Per Share	-0.34	-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	15.69%	16.84%	13.61%	23.52%	28.69%	29.83%
Operating Margin	5.28%	6.39%	0.70%	7.47%	14.09%	16.61%
Profit Margin	7.42%	10.18%	13.43%	13.37%	15.72%	14.73%
Free Cash Flow Margin	-2.24%	-13.02%	-17.84%	-15.09%	-12.29%	-13.25%
EBITDA	1,505	1,660	551.6	1,250	1,730	1,745
EBITDA Margin	8.25%	9.33%	3.69%	10.15%	16.97%	18.75%
D&A For EBITDA	541.15	522.25	446.65	329.2	293.83	198.98
EBIT	963.74	1,137	104.94	921.23	1,436	1,546
EBIT Margin	5.28%	6.39%	0.70%	7.47%	14.09%	16.61%
Effective Tax Rate	14.67%	15.72%	16.38%	12.34%	13.34%	7.36%
Revenue as Reported	18,251	17,792	14,939	12,325	10,195	-

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