Sungrow Power Supply 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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	76,232	88,914	77,704	72,159	40,109	24,099
Other Revenue	331.93	270.59	152.83	91.42	148.12	37.76
Revenue	76,563	89,184	77,857	72,251	40,257	24,137
Revenue Growth	-15.28%	14.55%	7.76%	79.47%	66.79%	25.15%
Cost of Revenue	52,911	62,013	55,238	53,833	30,803	19,050
Gross Profit	23,652	27,171	22,618	18,418	9,454	5,087
Selling, General & Admin	6,298	6,546	4,961	3,723	3,749	2,059
Research & Development	4,233	4,175	3,164	2,447	1,663	1,128
Other Operating Expenses	-356.65	-116.13	37.51	58.31	61.59	6.42
Operating Expenses	10,860	11,391	9,083	6,927	5,898	3,428
Operating Income	12,792	15,780	13,536	11,490	3,556	1,658
Interest Expense	-259.14	-346.95	-391.87	-318.94	-209.09	-124.11
Interest & Investment Income	1,301	1,064	676.3	294.89	118.16	417.97
Currency Exchange Gain (Loss)	-861.97	52.98	-11.75	208.73	665.24	-183.38
Other Non Operating Income (Expenses)	-395.29	-293.03	-334.16	-202.8	-105.21	-45.88
EBT Excluding Unusual Items	12,577	16,257	13,474	11,472	4,026	1,723
Gain (Loss) on Sale of Investments	679.89	62.01	64.32	36.19	-29.61	66.44
Gain (Loss) on Sale of Assets	2.68	2.23	0.87	-4.64	-1.74	0.45
Asset Writedown	-5.44	-37.13	-5.4	-48.72	-1.27	-3.24
Other Unusual Items	-21.53	-23.9	10.46	4.92	141	106.01
Pretax Income	13,232	16,260	13,544	11,460	4,134	1,893
Income Tax Expense	2,371	2,727	2,280	1,851	438.39	188.68
Earnings From Continuing Operations	10,862	13,533	11,264	9,609	3,696	1,704
Minority Interest in Earnings	123.59	-71.57	-227.95	-169.18	-102.13	-121.29
Net Income	10,985	13,461	11,036	9,440	3,593	1,583
Net Income to Common	10,985	13,461	11,036	9,440	3,593	1,583
Net Income Growth	-20.46%	21.97%	16.91%	162.69%	127.04%	-19.01%
Shares Outstanding (Basic)	2,045	2,055	2,074	2,075	2,079	2,052
Shares Outstanding (Diluted)	2,052	2,061	2,074	2,075	2,079	2,052
Shares Change	-1.07%	-0.63%	-0.01%	-0.20%	1.32%	0.48%
EPS (Basic)	5.37	6.55	5.32	4.55	1.73	0.77
EPS (Diluted)	5.35	6.53	5.32	4.55	1.73	0.77
EPS Growth	-19.61%	22.74%	16.92%	163.22%	124.09%	-19.40%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Free Cash Flow	14,497	13,910	9,282	4,239	-316.27	-3,304
Free Cash Flow Per Share	7.07	6.75	4.47	2.04	-0.15	-1.61
Dividend Per Share	1.330	1.640	1.080	0.689	0.157	0.079
Dividend Growth	-34.48%	51.85%	56.68%	338.76%	99.87%	-21.40%
Gross Margin	30.89%	30.47%	29.05%	25.49%	23.48%	21.07%
Operating Margin	16.71%	17.69%	17.39%	15.90%	8.83%	6.87%
Profit Margin	14.35%	15.09%	14.17%	13.06%	8.93%	6.56%
Free Cash Flow Margin	18.93%	15.60%	11.92%	5.87%	-0.79%	-13.69%
EBITDA	13,969	16,833	14,254	11,996	3,926	1,956
EBITDA Margin	18.25%	18.87%	18.31%	16.60%	9.75%	8.11%
D&A For EBITDA	1,177	1,053	718.59	505.46	369.92	298.03
EBIT	12,792	15,780	13,536	11,490	3,556	1,658
EBIT Margin	16.71%	17.69%	17.39%	15.90%	8.83%	6.87%
Effective Tax Rate	17.91%	16.77%	16.83%	16.15%	10.61%	9.97%
Revenue as Reported	76,563	89,184	77,857	72,251	40,257	24,137
Advertising Expenses	-	-	-	110.04	40.75	34.2