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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,403	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	2,411	2,711	3,743	4,457	1,826	1,023
Revenue Growth (YoY)	-35.60%	-27.58%	-16.01%	144.12%	78.40%	94.58%
Cost of Revenue	1,681	1,757	2,588	2,879	1,204	641.48
Gross Profit	729.82	953.79	1,156	1,578	621.9	381.87
Selling, General & Admin	403.6	400.17	539.34	375.52	256.71	97.37
Research & Development	215.97	272.21	308.34	192.53	94.23	43.03
Other Operating Expenses	22.57	7.59	11.71	23.14	4.75	1.85
Operating Expenses	664.33	675.11	890.58	626.62	371.78	145.52
Operating Income	65.49	278.69	265.15	951.43	250.12	236.35
Interest Expense	-12.45	-20.41	-10.63	-6.24	-4.43	-0.68
Interest & Investment Income	24.47	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)	133.18	-2.04	-2.2	80.5	-1.41	-1.23
EBT Excluding Unusual Items	179.12	250.63	345.27	995.65	218.91	226.33
Gain (Loss) on Sale of Investments	-42.29	0.71	-2.63	-12.67	-1.49	-
Gain (Loss) on Sale of Assets	5.44	5.13	-0.74	-	-	-0
Asset Writedown	-9.48	-1.02	-0.32	-12.41	-0.05	-0.01
Other Unusual Items	30.25	21.67	43.16	18.17	7.96	2.24
Pretax Income	163.04	277.11	384.74	988.74	225.32	228.55
Income Tax Expense	7.7	18.23	43.73	139.87	38.47	32.34
Net Income	155.34	258.88	341.01	848.87	186.85	196.21
Net Income to Common	155.34	258.88	341.01	848.87	186.85	196.21
Net Income Growth	-54.45%	-24.09%	-59.83%	354.30%	-4.77%	270.01%
Shares Outstanding (Basic)	388	370	371	371	359	357
Shares Outstanding (Diluted)	388	370	371	371	359	357
Shares Change (YoY)	4.75%	-0.23%	-0.01%	3.16%	0.73%	-
EPS (Basic)	0.40	0.70	0.92	2.29	0.52	0.55
EPS (Diluted)	0.40	0.70	0.92	2.29	0.52	0.55
EPS Growth	-56.51%	-23.91%	-59.82%	340.38%	-5.46%	-
Free Cash Flow	189.51	203.15	-874.4	706.57	153.91	270.39
Free Cash Flow Per Share	0.49	0.55	-2.36	1.91	0.43	0.76
Dividend Per Share	0.126	0.126	-	-	-	-
Gross Margin	30.27%	35.19%	30.88%	35.41%	34.06%	37.32%
Operating Margin	2.72%	10.28%	7.08%	21.35%	13.70%	23.10%
Profit Margin	6.44%	9.55%	9.11%	19.05%	10.23%	19.17%
Free Cash Flow Margin	7.86%	7.49%	-23.36%	15.85%	8.43%	26.42%
EBITDA	186.27	372.88	323.88	968.95	261.71	241.35
EBITDA Margin	7.73%	13.76%	8.65%	21.74%	14.34%	23.58%
D&A For EBITDA	120.78	94.19	58.74	17.52	11.59	5
EBIT	65.49	278.69	265.15	951.43	250.12	236.35
EBIT Margin	2.72%	10.28%	7.08%	21.35%	13.70%	23.10%
Effective Tax Rate	4.72%	6.58%	11.37%	14.15%	17.07%	14.15%
Revenue as Reported	2,411	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.