Sieyuan Electric Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	22,790	21,448	15,396	12,391	10,444	8,695
Other Revenue	91.19	91.19	61.59	69.38	92.64	-
Revenue	22,881	21,539	15,458	12,460	10,537	8,695
Revenue Growth (YoY)	42.77%	39.34%	24.06%	18.25%	21.18%	17.94%
Cost of Revenue	15,907	14,909	10,653	8,794	7,757	6,045
Gross Profit	6,968	6,623	4,805	3,666	2,780	2,651
Selling, General & Admin	1,682	1,608	1,217	945.24	686.93	673.57
Research & Development	1,400	1,300	1,110	911.88	666.5	550.85
Other Operating Expenses	40.34	25.49	24.78	14.64	63.72	44.68
Operating Expenses	3,360	3,170	2,490	1,959	1,524	1,328
Operating Income	3,608	3,453	2,315	1,706	1,257	1,323
Interest Expense	-12.71	-11.1	-7.81	-6.5	-5.05	-3.43
Interest & Investment Income	111.87	112.79	105.47	57.07	22.32	22.7
Currency Exchange Gain (Loss)	-6.58	-6.58	-16.19	-10.85	12.19	-17.35
Other Non Operating Income (Expenses)	-111	-30.71	-32.5	-17.26	-14.87	-13.43
EBT Excluding Unusual Items	3,589	3,518	2,364	1,729	1,271	1,311
Impairment of Goodwill	-	-	-107.48	-112.91	-	-
Gain (Loss) on Sale of Investments	33.15	23.28	29.22	13.39	-38.25	10.38
Gain (Loss) on Sale of Assets	-1.65	-0.08	0.79	0.75	1.07	-0.65
Asset Writedown	-11.41	-6.1	-1.14	-3.65	-1.85	-4.04
Other Unusual Items	246.26	184.25	144.76	144.87	98.65	86.78
Pretax Income	3,856	3,719	2,431	1,771	1,331	1,404
Income Tax Expense	487.74	459.3	345.71	162.9	43.52	131.37
Earnings From Continuing Operations	3,368	3,260	2,085	1,609	1,288	1,272
Minority Interest in Earnings	-114.5	-109.53	-35.76	-49.34	-67.07	-74.65
Net Income	3,254	3,150	2,049	1,559	1,221	1,198
Net Income to Common	3,254	3,150	2,049	1,559	1,221	1,198
Net Income Growth	52.59%	53.73%	31.42%	27.75%	1.91%	28.32%
Shares Outstanding (Basic)	780	780	776	772	768	763
Shares Outstanding (Diluted)	786	786	776	772	768	763
Shares Change (YoY)	0.95%	1.21%	0.56%	0.55%	0.63%	0.53%
EPS (Basic)	4.17	4.04	2.64	2.02	1.59	1.57
EPS (Diluted)	4.14	4.01	2.64	2.02	1.59	1.57
EPS Growth	51.15%	51.89%	30.69%	27.04%	1.27%	27.64%
Free Cash Flow	1,541	1,414	1,541	1,539	609.5	-156.33
Free Cash Flow Per Share	1.96	1.80	1.99	1.99	0.79	-0.20
Dividend Per Share	0.700	0.700	0.500	0.400	0.300	0.200
Dividend Growth	40.00%	40.00%	25.03%	33.31%	49.99%	-
Gross Margin	30.45%	30.75%	31.08%	29.42%	26.39%	30.48%
Operating Margin	15.77%	16.03%	14.98%	13.70%	11.93%	15.21%
Profit Margin	14.22%	14.63%	13.26%	12.51%	11.58%	13.77%
Free Cash Flow Margin	6.73%	6.56%	9.97%	12.35%	5.78%	-1.80%
EBITDA	3,899	3,731	2,539	1,883	1,377	1,413
EBITDA Margin	17.04%	17.32%	16.43%	15.12%	13.07%	16.25%
D&A For EBITDA	290.97	277.59	224.07	176.85	120.38	90.59
EBIT	3,608	3,453	2,315	1,706	1,257	1,323
EBIT Margin	15.77%	16.03%	14.98%	13.70%	11.93%	15.21%
Effective Tax Rate	12.65%	12.35%	14.22%	9.20%	3.27%	9.36%
Revenue as Reported	22,881	21,539	15,458	12,460	10,537	8,695

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