Sungrow Power Supply Co., Ltd. (SHE:300274)

Sungrow Power Supply 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	84,127	77,704	72,159	40,109	24,099	19,230
Other Revenue	152.83	152.83	91.42	148.12	37.76	55.86
Revenue	84,280	77,857	72,251	40,257	24,137	19,286
Revenue Growth (YoY)	16.60%	7.76%	79.47%	66.79%	25.15%	48.31%
Cost of Revenue	59,260	55,282	53,833	30,803	19,050	14,905
Gross Profit	25,020	22,575	18,418	9,454	5,087	4,381
Selling, General & Admin	5,248	4,918	3,723	3,749	2,059	1,360
Research & Development	3,307	3,164	2,447	1,663	1,128	777.24
Other Operating Expenses	62.4	37.51	58.31	61.59	6.42	6.98
Operating Expenses	9,582	9,039	6,927	5,898	3,428	2,177
Operating Income	15,438	13,536	11,490	3,556	1,658	2,204
Interest Expense	-385.1	-391.87	-318.94	-209.09	-124.11	-97.63
Interest & Investment Income	783.96	676.3	294.89	118.16	417.97	204.11
Currency Exchange Gain (Loss)	-11.75	-11.75	208.73	665.24	-183.38	-208.63
Other Non Operating Income (Expenses)	-160.53	-308.35	-202.8	-105.21	-45.88	-31.98
EBT Excluding Unusual Items	15,664	13,500	11,472	4,026	1,723	2,070
Gain (Loss) on Sale of Investments	99.84	64.32	36.19	-29.61	66.44	1.91
Gain (Loss) on Sale of Assets	1.89	0.87	-4.64	-1.74	0.45	5.45
Asset Writedown	-138.36	-5.4	-48.72	-1.27	-3.24	-2.35
Other Unusual Items	-15.36	-15.36	4.92	141	106.01	106.31
Pretax Income	15,612	13,544	11,460	4,134	1,893	2,182
Income Tax Expense	2,662	2,280	1,851	438.39	188.68	206.03
Earnings From Continuing Operations	12,950	11,264	9,609	3,696	1,704	1,976
Minority Interest in Earnings	-183.72	-227.95	-169.18	-102.13	-121.29	-21.21
Net Income	12,766	11,036	9,440	3,593	1,583	1,954
Net Income to Common	12,766	11,036	9,440	3,593	1,583	1,954
Net Income Growth	27.30%	16.91%	162.69%	127.04%	-19.01%	118.96%
Shares Outstanding (Basic)	2,073	2,074	2,075	2,079	2,052	2,042
Shares Outstanding (Diluted)	2,073	2,074	2,075	2,079	2,052	2,042
Shares Change (YoY)	-0.17%	-0.01%	-0.20%	1.32%	0.48%	-0.32%
EPS (Basic)	6.16	5.32	4.55	1.73	0.77	0.96
EPS (Diluted)	6.16	5.32	4.55	1.73	0.77	0.96
EPS Growth	27.52%	16.92%	163.22%	124.09%	-19.40%	119.67%
Free Cash Flow	11,184	9,282	4,239	-316.27	-3,304	2,128
Free Cash Flow Per Share	5.40	4.47	2.04	-0.15	-1.61	1.04
Dividend Per Share	1.080	1.080	0.689	0.157	0.079	0.100
Dividend Growth	56.68%	56.68%	338.76%	99.87%	-21.40%	100.00%
Gross Margin	29.69%	28.99%	25.49%	23.48%	21.07%	22.72%
Operating Margin	18.32%	17.39%	15.90%	8.83%	6.87%	11.43%
Profit Margin	15.15%	14.17%	13.06%	8.93%	6.56%	10.13%
Free Cash Flow Margin	13.27%	11.92%	5.87%	-0.79%	-13.69%	11.03%
EBITDA	16,211	14,255	11,996	3,926	1,956	2,438
EBITDA Margin	19.23%	18.31%	16.60%	9.75%	8.11%	12.64%
D&A For EBITDA	773.21	719.66	505.46	369.92	298.03	233.18
EBIT	15,438	13,536	11,490	3,556	1,658	2,204
EBIT Margin	18.32%	17.39%	15.90%	8.83%	6.87%	11.43%
Effective Tax Rate	17.05%	16.83%	16.15%	10.61%	9.97%	9.44%
Revenue as Reported	84,280	77,857	72,251	40,257	24,137	19,286
Advertising Expenses	-	145.92	110.04	40.75	34.2	27.43

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