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

Sungrow Power Supply Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Net Income	10,985	13,461	11,036	9,440	3,593	1,583
Depreciation & Amortization	1,278	1,144	819.94	610.95	453.82	341.89
Other Amortization	92.46	67.82	45.41	66.97	13.89	5.79
Loss (Gain) From Sale of Assets	-2.68	-2.23	-0.87	4.64	1.74	-0.45
Asset Writedown & Restructuring Costs	42.74	36.46	5.4	48.72	1.27	3.24
Loss (Gain) From Sale of Investments	-1,381	-733.5	-483.89	-103.6	-8.65	-400.89
Provision & Write-off of Bad Debts	684.25	785.12	920.5	698.4	423.81	234.59
Other Operating Activities	1,255	1,783	1,432	1,944	746.03	501.65
Change in Accounts Receivable	2,938	-566.29	-9,587	-13,844	-7,563	-3,003
Change in Inventory	-5,138	-803.19	-8,366	-3,771	-8,826	-7,135
Change in Accounts Payable	5,999	1,225	16,518	11,850	12,624	6,907
Change in Other Net Operating Assets	531.08	760.98	509.6	1,084	137.51	-396.32
Operating Cash Flow	17,218	16,918	12,068	6,982	1,210	-1,639
Operating Cash Flow Growth	-4.91%	40.18%	72.85%	476.77%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Capital Expenditures	-2,721	-3,008	-2,786	-2,743	-1,527	-1,666
Sale of Property, Plant & Equipment	23.74	21.71	0.86	-	9.37	12.15
Cash Acquisitions	-	-45.06	-154.98	9.61	-	-
Divestitures	142.19	112.43	-	-	-	3.87
Investment in Securities	3,955	-814.18	-8,312	-1,188	1,849	-2,206
Other Investing Activities	449.13	462.55	398.65	99.61	13.73	142.09
Investing Cash Flow	1,849	-3,271	-10,853	-3,821	345.56	-3,713

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Long-Term Debt Issued	-	9,194	10,910	8,307	9,254	2,801
Long-Term Debt Repaid	-	-14,551	-8,912	-3,640	-5,892	-1,416
Lease Payments	-111.64	-85.38	-100.67	-79.72	-139.57	-55.39
Net Debt Issued (Repaid)	-3,393	-5,357	1,999	4,667	3,362	1,385
Issuance of Common Stock	224.42	161.01	53.12	52.75	-	4,179
Repurchase of Common Stock	-	-299.97	-517.79	-980.26	-520.67	-2.35
Common Dividends Paid	-3,535	-4,387	-1,738	-602.72	-351.62	-319.23
Other Financing Activities	1,183	589.49	462.62	143.02	-742.98	-63.67
Financing Cash Flow	-5,521	-9,294	258.8	3,280	1,747	5,179

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Foreign Exchange Rate Adjustments	-596.41	-72.32	-23.85	24.74	-60.68	-19.5
Net Cash Flow	12,950	4,281	1,450	6,465	3,242	-192.69

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Free Cash Flow	14,497	13,910	9,282	4,239	-316.27	-3,304
Free Cash Flow Growth	-3.53%	49.85%	118.97%	-	-	-
Free Cash Flow Margin	18.93%	15.60%	11.92%	5.87%	-0.79%	-13.69%
Free Cash Flow Per Share	7.07	6.75	4.47	2.04	-0.15	-1.61
Levered Free Cash Flow	15,612	11,117	3,272	3,320	-1,439	-2,777
Unlevered Free Cash Flow	15,774	11,334	3,517	3,520	-1,309	-2,699
Free Cash Flow After Leases	14,386	13,824	9,182	4,159	-455.84	-3,360

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Cash Income Tax Paid	2,817	5,552	5,063	1,015	-26.25	57.27
Change in Working Capital	4,264	375.71	-1,707	-5,728	-4,015	-3,907

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 4, 2026

Data Sources Report a data error