Shenzhen SOFARSOLAR 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	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	2,578	2,574	2,703	3,736	4,456	1,817
Other Revenue	-	-	7.94	7.51	0.63	8.14
Revenue	2,578	2,574	2,711	3,743	4,457	1,826
Revenue Growth (YoY)	-2.57%	-5.04%	-27.58%	-16.01%	144.12%	78.40%
Cost of Revenue	1,849	1,827	1,757	2,588	2,879	1,204
Gross Profit	728.65	747.43	953.79	1,156	1,578	621.9
Selling, General & Admin	454.39	449.28	400.17	539.34	375.52	256.71
Research & Development	212.84	228.04	272.21	308.34	192.53	94.23
Other Operating Expenses	3.78	2.47	7.59	11.71	23.14	4.75
Operating Expenses	671.01	679.79	675.11	890.58	626.62	371.78
Operating Income	57.63	67.64	278.69	265.15	951.43	250.12
Interest Expense	-0.43	-	-20.41	-10.63	-6.24	-4.43
Interest & Investment Income	-	-	25.97	26.85	11.22	3.43
Currency Exchange Gain (Loss)	-	-	-31.58	66.1	-41.25	-28.81
Other Non Operating Income (Expenses)	-13.24	103.04	-2.04	-2.2	80.5	-1.41
EBT Excluding Unusual Items	43.97	170.68	250.63	345.27	995.65	218.91
Gain (Loss) on Sale of Investments	-12.79	-35.49	0.71	-2.63	-12.67	-1.49
Gain (Loss) on Sale of Assets	1.89	1.89	5.13	-0.74	-	-
Asset Writedown	-25.21	-19.16	-1.02	-0.32	-12.41	-0.05
Other Unusual Items	-	-	21.67	43.16	18.17	7.96
Pretax Income	7.86	117.92	277.11	384.74	988.74	225.32
Income Tax Expense	-61.58	-38.89	18.23	43.73	139.87	38.47
Net Income	69.44	156.81	258.88	341.01	848.87	186.85
Net Income to Common	69.44	156.81	258.88	341.01	848.87	186.85
Net Income Growth	-73.53%	-39.42%	-24.09%	-59.83%	354.30%	-4.77%
Shares Outstanding (Basic)	417	402	370	371	371	359
Shares Outstanding (Diluted)	417	402	370	371	371	359
Shares Change (YoY)	13.05%	8.72%	-0.23%	-0.01%	3.16%	0.73%
EPS (Basic)	0.17	0.39	0.70	0.92	2.29	0.52
EPS (Diluted)	0.17	0.39	0.70	0.92	2.29	0.52
EPS Growth	-76.58%	-44.29%	-23.91%	-59.82%	340.38%	-5.46%
Free Cash Flow	35.44	219.76	203.15	-874.4	706.57	153.91
Free Cash Flow Per Share	0.09	0.55	0.55	-2.36	1.91	0.43
Dividend Per Share	-	-	0.126	-	-	-
Gross Margin	28.27%	29.04%	35.19%	30.88%	35.41%	34.06%
Operating Margin	2.24%	2.63%	10.28%	7.08%	21.35%	13.70%
Profit Margin	2.69%	6.09%	9.55%	9.11%	19.05%	10.23%
Free Cash Flow Margin	1.38%	8.54%	7.49%	-23.36%	15.85%	8.43%
EBITDA	152.05	162.01	372.88	323.88	968.95	261.71
EBITDA Margin	5.90%	6.29%	13.76%	8.65%	21.74%	14.34%
D&A For EBITDA	94.41	94.37	94.19	58.74	17.52	11.59
EBIT	57.63	67.64	278.69	265.15	951.43	250.12
EBIT Margin	2.24%	2.63%	10.28%	7.08%	21.35%	13.70%
Effective Tax Rate	-	-	6.58%	11.37%	14.15%	17.07%
Revenue as Reported	-	-	2,711	3,743	-	1,826
Advertising Expenses	-	-	6.32	13.93	4.54	2.73

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