Sieyuan Electric Co., Ltd. (SHE:002028)

Sieyuan Electric Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	21,205	15,396	12,391	10,444	8,695
Other Revenue	-	61.59	69.38	92.64	-
Revenue	21,205	15,458	12,460	10,537	8,695
Revenue Growth (YoY)	37.18%	24.06%	18.25%	21.18%	17.94%
Cost of Revenue	17,481	10,653	8,794	7,757	6,045
Gross Profit	3,724	4,805	3,666	2,780	2,651
Selling, General & Admin	-	1,222	945.24	686.93	673.57
Research & Development	-	1,105	911.88	666.5	550.85
Other Operating Expenses	-	24.78	14.64	63.72	44.68
Operating Expenses	-	2,490	1,959	1,524	1,328
Operating Income	3,724	2,315	1,706	1,257	1,323
Interest Expense	-	-7.81	-6.5	-5.05	-3.43
Interest & Investment Income	-	105.47	57.07	22.32	22.7
Currency Exchange Gain (Loss)	-	-16.19	-10.85	12.19	-17.35
Other Non Operating Income (Expenses)	-10.37	-32.5	-17.26	-14.87	-13.43
EBT Excluding Unusual Items	3,714	2,364	1,729	1,271	1,311
Impairment of Goodwill	-	-107.48	-112.91	-	-
Gain (Loss) on Sale of Investments	-	29.22	13.39	-38.25	10.38
Gain (Loss) on Sale of Assets	-	0.79	0.75	1.07	-0.65
Asset Writedown	-	-1.14	-3.65	-1.85	-4.04
Other Unusual Items	-	144.76	144.87	98.65	86.78
Pretax Income	3,714	2,431	1,771	1,331	1,404
Income Tax Expense	551.25	345.71	162.9	43.52	131.37
Earnings From Continuing Operations	3,163	2,085	1,609	1,288	1,272
Minority Interest in Earnings	-	-35.76	-49.34	-67.07	-74.65
Net Income	3,163	2,049	1,559	1,221	1,198
Net Income to Common	3,163	2,049	1,559	1,221	1,198
Net Income Growth	54.35%	31.42%	27.75%	1.91%	28.32%
Shares Outstanding (Basic)	779	776	772	768	763
Shares Outstanding (Diluted)	779	776	772	768	763
Shares Change (YoY)	0.37%	0.56%	0.55%	0.63%	0.53%
EPS (Basic)	4.06	2.64	2.02	1.59	1.57
EPS (Diluted)	4.06	2.64	2.02	1.59	1.57
EPS Growth	53.79%	30.69%	27.04%	1.27%	27.64%
Free Cash Flow	-	1,541	1,539	609.5	-156.33
Free Cash Flow Per Share	-	1.99	1.99	0.79	-0.20
Dividend Per Share	-	0.500	0.400	0.300	0.200
Dividend Growth	-	25.03%	33.31%	49.99%	-
Gross Margin	17.56%	31.08%	29.42%	26.39%	30.48%
Operating Margin	17.56%	14.98%	13.70%	11.93%	15.21%
Profit Margin	14.92%	13.26%	12.51%	11.58%	13.77%
Free Cash Flow Margin	-	9.97%	12.35%	5.78%	-1.80%
EBITDA	3,938	2,529	1,883	1,377	1,413
EBITDA Margin	18.57%	16.36%	15.12%	13.07%	16.25%
D&A For EBITDA	213.19	213.19	176.85	120.38	90.59
EBIT	3,724	2,315	1,706	1,257	1,323
EBIT Margin	17.56%	14.98%	13.70%	11.93%	15.21%
Effective Tax Rate	14.84%	14.22%	9.20%	3.27%	9.36%
Revenue as Reported	-	15,458	12,460	10,537	8,695

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.