Shenzhen SOFARSOLAR Co., Ltd. (SHE:301658)

Shenzhen SOFARSOLAR 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,638	2,703	3,736	4,456	1,817	1,023
Other Revenue	7.94	7.94	7.51	0.63	8.14	0.75
Revenue	2,646	2,711	3,743	4,457	1,826	1,023
Revenue Growth (YoY)	44.92%	-27.58%	-16.01%	144.12%	78.40%	94.58%
Cost of Revenue	1,772	1,757	2,588	2,879	1,204	641.48
Gross Profit	874.22	953.79	1,156	1,578	621.9	381.87
Selling, General & Admin	393.09	400.17	539.34	375.52	256.71	97.37
Research & Development	263.19	272.21	308.34	192.53	94.23	43.03
Other Operating Expenses	15.68	7.59	11.71	23.14	4.75	1.85
Operating Expenses	669.1	675.11	890.58	626.62	371.78	145.52
Operating Income	205.12	278.69	265.15	951.43	250.12	236.35
Interest Expense	-20.26	-20.41	-10.63	-6.24	-4.43	-0.68
Interest & Investment Income	26.1	25.97	26.85	11.22	3.43	0.86
Currency Exchange Gain (Loss)	-31.58	-31.58	66.1	-41.25	-28.81	-8.97
Other Non Operating Income (Expenses)	82.4	-2.04	-2.2	80.5	-1.41	-1.23
EBT Excluding Unusual Items	261.79	250.63	345.27	995.65	218.91	226.33
Gain (Loss) on Sale of Investments	-10.79	0.71	-2.63	-12.67	-1.49	-
Gain (Loss) on Sale of Assets	3.98	5.13	-0.74	-	-	-0
Asset Writedown	13.46	-1.02	-0.32	-12.41	-0.05	-0.01
Other Unusual Items	22.3	21.67	43.16	18.17	7.96	2.24
Pretax Income	290.72	277.11	384.74	988.74	225.32	228.55
Income Tax Expense	28.41	18.23	43.73	139.87	38.47	32.34
Net Income	262.31	258.88	341.01	848.87	186.85	196.21
Net Income to Common	262.31	258.88	341.01	848.87	186.85	196.21
Net Income Growth	40.39%	-24.09%	-59.83%	354.30%	-4.77%	270.01%
Shares Outstanding (Basic)	369	370	371	371	359	357
Shares Outstanding (Diluted)	369	370	371	371	359	357
Shares Change (YoY)	2.75%	-0.23%	-0.01%	3.16%	0.73%	-
EPS (Basic)	0.71	0.70	0.92	2.29	0.52	0.55
EPS (Diluted)	0.71	0.70	0.92	2.29	0.52	0.55
EPS Growth	36.62%	-23.91%	-59.82%	340.38%	-5.46%	-
Free Cash Flow	334.4	203.15	-874.4	706.57	153.91	270.39
Free Cash Flow Per Share	0.91	0.55	-2.36	1.91	0.43	0.76
Dividend Per Share	0.126	0.126	-	-	-	-
Gross Margin	33.04%	35.19%	30.88%	35.41%	34.06%	37.32%
Operating Margin	7.75%	10.28%	7.08%	21.35%	13.70%	23.10%
Profit Margin	9.92%	9.55%	9.11%	19.05%	10.23%	19.17%
Free Cash Flow Margin	12.64%	7.49%	-23.36%	15.85%	8.43%	26.42%
EBITDA	308.18	372.88	323.88	968.95	261.71	241.35
EBITDA Margin	11.65%	13.76%	8.65%	21.74%	14.34%	23.58%
D&A For EBITDA	103.05	94.19	58.74	17.52	11.59	5
EBIT	205.12	278.69	265.15	951.43	250.12	236.35
EBIT Margin	7.75%	10.28%	7.08%	21.35%	13.70%	23.10%
Effective Tax Rate	9.77%	6.58%	11.37%	14.15%	17.07%	14.15%
Revenue as Reported	2,646	2,711	3,743	-	1,826	1,023
Advertising Expenses	-	6.32	13.93	4.54	2.73	1.73

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