Sungrow Power Supply Co., Ltd. (SHE:300274)

Sungrow Power Supply 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	90,181	77,704	72,159	40,109	24,099	19,230
Other Revenue	189.6	152.83	91.42	148.12	37.76	55.86
Revenue	90,370	77,857	72,251	40,257	24,137	19,286
Revenue Growth (YoY)	21.06%	7.76%	79.47%	66.79%	25.15%	48.31%
Cost of Revenue	63,414	55,282	53,833	30,803	19,050	14,905
Gross Profit	26,956	22,575	18,418	9,454	5,087	4,381
Selling, General & Admin	5,742	4,918	3,723	3,749	2,059	1,360
Research & Development	3,698	3,164	2,447	1,663	1,128	777.24
Other Operating Expenses	114.3	37.51	58.31	61.59	6.42	6.98
Operating Expenses	10,556	9,039	6,927	5,898	3,428	2,177
Operating Income	16,400	13,536	11,490	3,556	1,658	2,204
Interest Expense	-391.21	-391.87	-318.94	-209.09	-124.11	-97.63
Interest & Investment Income	789.01	676.3	294.89	118.16	417.97	204.11
Currency Exchange Gain (Loss)	381.99	-11.75	208.73	665.24	-183.38	-208.63
Other Non Operating Income (Expenses)	-259.64	-308.35	-202.8	-105.21	-45.88	-31.98
EBT Excluding Unusual Items	16,920	13,500	11,472	4,026	1,723	2,070
Gain (Loss) on Sale of Investments	105.67	64.32	36.19	-29.61	66.44	1.91
Gain (Loss) on Sale of Assets	1.91	0.87	-4.64	-1.74	0.45	5.45
Asset Writedown	-37.03	-5.4	-48.72	-1.27	-3.24	-2.35
Other Unusual Items	-26.26	-15.36	4.92	141	106.01	106.31
Pretax Income	16,964	13,544	11,460	4,134	1,893	2,182
Income Tax Expense	2,916	2,280	1,851	438.39	188.68	206.03
Earnings From Continuing Operations	14,048	11,264	9,609	3,696	1,704	1,976
Minority Interest in Earnings	-236.05	-227.95	-169.18	-102.13	-121.29	-21.21
Net Income	13,812	11,036	9,440	3,593	1,583	1,954
Net Income to Common	13,812	11,036	9,440	3,593	1,583	1,954
Net Income Growth	37.51%	16.91%	162.69%	127.04%	-19.01%	118.96%
Shares Outstanding (Basic)	2,074	2,074	2,075	2,079	2,052	2,042
Shares Outstanding (Diluted)	2,074	2,074	2,075	2,079	2,052	2,042
Shares Change (YoY)	0.09%	-0.01%	-0.20%	1.32%	0.48%	-0.32%
EPS (Basic)	6.66	5.32	4.55	1.73	0.77	0.96
EPS (Diluted)	6.66	5.32	4.55	1.73	0.77	0.96
EPS Growth	37.38%	16.92%	163.22%	124.09%	-19.40%	119.67%
Free Cash Flow	15,028	9,282	4,239	-316.27	-3,304	2,128
Free Cash Flow Per Share	7.25	4.47	2.04	-0.15	-1.61	1.04
Dividend Per Share	2.030	1.080	0.689	0.157	0.079	0.100
Dividend Growth	194.50%	56.68%	338.76%	99.87%	-21.40%	100.00%
Gross Margin	29.83%	28.99%	25.49%	23.48%	21.07%	22.72%
Operating Margin	18.15%	17.39%	15.90%	8.83%	6.87%	11.43%
Profit Margin	15.28%	14.17%	13.06%	8.93%	6.56%	10.13%
Free Cash Flow Margin	16.63%	11.92%	5.87%	-0.79%	-13.69%	11.03%
EBITDA	17,267	14,255	11,996	3,926	1,956	2,438
EBITDA Margin	19.11%	18.31%	16.60%	9.75%	8.11%	12.64%
D&A For EBITDA	866.75	719.66	505.46	369.92	298.03	233.18
EBIT	16,400	13,536	11,490	3,556	1,658	2,204
EBIT Margin	18.15%	17.39%	15.90%	8.83%	6.87%	11.43%
Effective Tax Rate	17.19%	16.83%	16.15%	10.61%	9.97%	9.44%
Revenue as Reported	90,370	77,857	72,251	40,257	24,137	19,286
Advertising Expenses	-	145.92	110.04	40.75	34.2	27.43

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