Zhejiang Sunoren Solar Technology Co.,Ltd. (SHA:603105)

SHA:603105 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	665.9	684.6	670.64	645.85	434.66	418.47
Other Revenue	4.26	4.26	15.57	4.02	10.47	8.28
Revenue	670.16	688.86	686.21	649.88	445.13	426.75
Revenue Growth (YoY)	-6.67%	0.39%	5.59%	46.00%	4.31%	10.24%
Cost of Revenue	270.56	283.72	292.89	293.1	201.27	209.28
Gross Profit	399.6	405.14	393.32	356.78	243.86	217.47
Selling, General & Admin	58.82	59.04	54.76	54.85	56.9	69.74
Research & Development	18.7	21.79	20.46	17.57	11.44	16.25
Other Operating Expenses	1.18	-0.42	0.67	-9.11	1.49	1.2
Operating Expenses	84.79	87.06	82.88	59.02	61.08	86.91
Operating Income	314.8	318.08	310.45	297.76	182.78	130.56
Interest Expense	-98.33	-99.46	-77.57	-77.68	-74.08	-64
Interest & Investment Income	5.82	8.08	5.08	4.05	2.64	3.36
Currency Exchange Gain (Loss)	0	0	0	1.03	0	0.14
Other Non Operating Income (Expenses)	0.36	-0.16	-0.44	0.82	-1.91	-1.73
EBT Excluding Unusual Items	222.1	226.54	237.52	225.98	109.42	68.33
Gain (Loss) on Sale of Investments	-	-	-	-2.53	1.88	0.23
Gain (Loss) on Sale of Assets	0.2	-0.95	0.99	-7.4	-7.5	-3.49
Asset Writedown	0.29	-	-0	-0.97	-	-15.71
Other Unusual Items	12.78	12.71	5.9	-	24.13	40.48
Pretax Income	235.37	238.3	244.41	215.09	127.93	89.85
Income Tax Expense	45.41	44.71	24.25	23.63	17.91	8.96
Earnings From Continuing Operations	189.96	193.59	220.16	191.46	110.01	80.89
Net Income	189.96	193.59	220.16	191.46	110.01	80.89
Net Income to Common	189.96	193.59	220.16	191.46	110.01	80.89
Net Income Growth	-14.11%	-12.07%	14.99%	74.04%	36.01%	92.05%
Shares Outstanding (Basic)	481	496	500	504	500	506
Shares Outstanding (Diluted)	481	496	500	504	500	506
Shares Change (YoY)	-4.62%	-0.80%	-0.69%	0.76%	-1.08%	-3.98%
EPS (Basic)	0.39	0.39	0.44	0.38	0.22	0.16
EPS (Diluted)	0.39	0.39	0.44	0.38	0.22	0.16
EPS Growth	-9.95%	-11.36%	15.79%	72.73%	37.50%	100.00%
Free Cash Flow	45.85	18.72	-171.45	125.3	34.62	51.74
Free Cash Flow Per Share	0.10	0.04	-0.34	0.25	0.07	0.10
Dividend Per Share	0.200	0.200	0.150	0.120	0.070	0.050
Dividend Growth	33.33%	33.33%	25.00%	71.43%	40.00%	-
Gross Margin	59.63%	58.81%	57.32%	54.90%	54.78%	50.96%
Operating Margin	46.98%	46.17%	45.24%	45.82%	41.06%	30.59%
Profit Margin	28.34%	28.10%	32.08%	29.46%	24.71%	18.95%
Free Cash Flow Margin	6.84%	2.72%	-24.99%	19.28%	7.78%	12.13%
EBITDA	518.24	516.16	487.16	457.76	331.32	269.91
EBITDA Margin	77.33%	74.93%	70.99%	70.44%	74.43%	63.25%
D&A For EBITDA	203.43	198.09	176.71	160	148.54	139.35
EBIT	314.8	318.08	310.45	297.76	182.78	130.56
EBIT Margin	46.98%	46.17%	45.24%	45.82%	41.06%	30.59%
Effective Tax Rate	19.29%	18.76%	9.92%	10.99%	14.00%	9.98%
Revenue as Reported	670.16	688.86	686.21	649.88	445.13	426.75

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