CSI Solar Co., Ltd. (SHA:688472)

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	45,414	50,416	46,692	27,406	22,893
Other Revenue	750.57	893.98	844.26	604.38	386.27
Revenue	46,165	51,310	47,536	28,010	23,279
Revenue Growth (YoY)	-10.03%	7.94%	69.71%	20.32%	7.38%
Cost of Revenue	40,349	45,103	42,176	25,492	19,267
Gross Profit	5,816	6,207	5,360	2,518	4,012
Selling, General & Admin	2,673	2,440	2,258	1,995	1,743
Research & Development	829.57	678.69	455.67	367.9	306.91
Other Operating Expenses	-714.05	-242.2	105.39	-145.88	-65.66
Operating Expenses	2,895	2,932	2,848	2,267	2,009
Operating Income	2,921	3,275	2,512	250.88	2,002
Interest Expense	-486.34	-449.52	-364.29	-260.73	-358.23
Interest & Investment Income	425.91	290.96	111.87	310.43	318.49
Currency Exchange Gain (Loss)	189.05	324.22	567.16	-217.57	-509.73
Other Non Operating Income (Expenses)	-49.41	-70.92	73.48	-29.16	12.81
EBT Excluding Unusual Items	3,000	3,369	2,900	53.85	1,466
Gain (Loss) on Sale of Investments	-121.92	-79.37	-231.52	-17.94	99.33
Gain (Loss) on Sale of Assets	-3.26	37.1	40.64	7.2	-1.79
Asset Writedown	-494.73	-63.51	-427.01	-38.28	-95.07
Legal Settlements	-	-	-	123.1	-
Other Unusual Items	191.06	-76.93	330	-	-
Pretax Income	2,580	3,193	2,619	128.99	1,497
Income Tax Expense	345.12	305.67	469.08	86.55	-125.77
Earnings From Continuing Operations	2,235	2,887	2,150	42.45	1,623
Minority Interest in Earnings	12.74	16.37	7.2	-7.46	-9.9
Net Income	2,247	2,903	2,157	34.98	1,613
Net Income to Common	2,247	2,903	2,157	34.98	1,613
Net Income Growth	-22.60%	34.61%	6065.37%	-97.83%	-7.99%
Shares Outstanding (Basic)	3,684	3,416	3,081	3,066	2,884
Shares Outstanding (Diluted)	3,684	3,416	3,081	3,066	2,884
Shares Change (YoY)	7.86%	10.86%	0.50%	6.30%	-
EPS (Basic)	0.61	0.85	0.70	0.01	0.56
EPS (Diluted)	0.61	0.85	0.70	0.01	0.56
EPS Growth	-28.23%	21.43%	6900.00%	-98.21%	-
Free Cash Flow	-5,438	30.52	1,440	-4,508	4,138
Free Cash Flow Per Share	-1.48	0.01	0.47	-1.47	1.44
Dividend Per Share	0.093	0.120	-	-	-
Dividend Growth	-21.89%	-	-	-	-
Gross Margin	12.60%	12.10%	11.28%	8.99%	17.23%
Operating Margin	6.33%	6.38%	5.29%	0.90%	8.60%
Profit Margin	4.87%	5.66%	4.54%	0.13%	6.93%
Free Cash Flow Margin	-11.78%	0.06%	3.03%	-16.10%	17.78%
EBITDA	6,083	5,331	4,044	1,911	3,478
EBITDA Margin	13.18%	10.39%	8.51%	6.82%	14.94%
D&A For EBITDA	3,162	2,056	1,532	1,661	1,476
EBIT	2,921	3,275	2,512	250.88	2,002
EBIT Margin	6.33%	6.38%	5.29%	0.90%	8.60%
Effective Tax Rate	13.38%	9.57%	17.91%	67.09%	-
Revenue as Reported	46,165	51,310	47,536	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.