CECEP Solar Energy Co.,Ltd. (SHE:000591)

CECEP Solar 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	5,332	6,004	9,497	9,113	6,963	5,154
Other Revenue	35.03	35.03	42.92	123.41	63.52	151.08
Revenue	5,367	6,039	9,540	9,236	7,027	5,305
Revenue Growth (YoY)	-31.80%	-36.70%	3.29%	31.45%	32.46%	5.87%
Operations & Maintenance	-	-	-	-	3.48	6.52
Selling, General & Admin	309.29	344.26	317.45	306.48	295.61	252.31
Provision for Bad Debts	1.85	12.13	5.95	-44.79	111.17	-11.23
Other Operating Expenses	2,946	3,381	6,424	6,272	4,143	2,777
Total Operating Expenses	3,366	3,874	7,021	6,766	4,671	3,084
Operating Income	2,001	2,166	2,520	2,470	2,356	2,221
Interest Expense	-622.07	-583.4	-656.44	-857.32	-990.12	-988.54
Interest Income	26.6	46.07	91.43	55.58	12.51	17.99
Net Interest Expense	-595.47	-537.34	-565.01	-801.74	-977.61	-970.55
Currency Exchange Gain (Loss)	6.05	6.05	-2.79	6.47	-2.3	-12.24
Other Non-Operating Income (Expenses)	6.41	-5.3	-7.71	0.53	-5.8	-2.2
EBT Excluding Unusual Items	1,418	1,629	1,944	1,675	1,370	1,236
Gain (Loss) on Sale of Investments	-	-	-	-	-5.29	-
Gain (Loss) on Sale of Assets	38.93	2.64	-1.63	3.71	0	-0.76
Asset Writedown	-166.7	-175.18	-90.08	-41.03	-154.59	-108.91
Insurance Settlements	24.89	24.89	23.93	18.89	9.21	4.65
Legal Settlements	-18.54	-18.54	-5.12	-	-1.32	-6.68
Other Unusual Items	102.1	102.1	43.65	13.88	145.34	56.68
Pretax Income	1,398	1,565	1,915	1,671	1,364	1,181
Income Tax Expense	335.08	337.4	335.34	272.05	189.96	161.17
Earnings From Continuing Ops.	1,063	1,227	1,579	1,399	1,174	1,019
Minority Interest in Earnings	-3.51	-2.07	-0.78	-10.85	15.37	8.6
Net Income	1,060	1,225	1,579	1,388	1,189	1,028
Net Income to Common	1,060	1,225	1,579	1,388	1,189	1,028
Net Income Growth	-25.36%	-22.38%	13.75%	16.70%	15.68%	12.86%
Shares Outstanding (Basic)	3,917	3,912	3,909	3,383	3,007	3,008
Shares Outstanding (Diluted)	3,920	3,915	3,916	3,396	3,020	3,008
Shares Change (YoY)	0.19%	-0.03%	15.33%	12.42%	0.43%	0.01%
EPS (Basic)	0.27	0.31	0.40	0.41	0.40	0.34
EPS (Diluted)	0.27	0.31	0.40	0.41	0.39	0.34
EPS Growth	-25.50%	-22.35%	-1.37%	3.81%	15.18%	12.84%
Free Cash Flow	-646.25	-1,739	-819.73	2,925	1,274	628.92
Free Cash Flow Per Share	-0.17	-0.44	-0.21	0.86	0.42	0.21
Dividend Per Share	0.056	0.113	0.146	0.237	-	0.124
Dividend Growth	-72.39%	-22.55%	-38.46%	-	-	12.73%
Profit Margin	19.75%	20.29%	16.55%	15.02%	16.92%	19.38%
Free Cash Flow Margin	-12.04%	-28.80%	-8.59%	31.67%	18.14%	11.86%
EBITDA	3,463	3,580	3,871	3,862	3,687	3,472
EBITDA Margin	64.52%	59.29%	40.58%	41.82%	52.48%	65.44%
D&A For EBITDA	1,462	1,415	1,352	1,392	1,331	1,251
EBIT	2,001	2,166	2,520	2,470	2,356	2,221
EBIT Margin	37.28%	35.86%	26.41%	26.74%	33.53%	41.86%
Effective Tax Rate	23.96%	21.56%	17.51%	16.28%	13.93%	13.65%
Revenue as Reported	5,367	6,039	9,540	9,236	7,027	5,305

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