SANY RENEWABLE ENERGY CO LTD

SANY RENEWABLE ENERGY CO LTD — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017
+Revenue	17.8B	14.9B	12.3B	10.2B	9.3B	1.5B	1.0B	1.6B
Revenue Growth %	19.1%	21.2%	20.9%	9.5%	528.7%	43.1%	-33.9%	--
Total Revenue	17.8B	14.9B	12.3B	10.2B	9.3B	1.5B	1.0B	1.6B
Cost Of Revenue	14.8B	12.9B	9.4B	7.3B	6.5B	973.0M	714.0M	1.1B
+Gross Profit	3.0B	2.0B	2.9B	2.9B	2.8B	508.0M	321.0M	486.0M
Gross Margin %	16.9%	13.6%	23.6%	28.7%	29.9%	34.3%	31.0%	31.1%
Total Operating Cost	16.9B	14.8B	11.5B	9.1B	8.1B	1.8B	1.5B	1.8B
Selling Expenses	579.0M	575.0M	764.0M	660.0M	557.0M	323.0M	280.0M	279.0M
Admin Expenses	578.0M	535.0M	410.0M	349.0M	343.0M	144.0M	130.0M	94.9M
Rd Expenses	777.0M	872.0M	768.0M	542.0M	462.0M	142.0M	134.0M	114.0M
Finance Expenses	-132.0M	-187.0M	-68.1M	50.0M	59.6M	137.0M	133.0M	124.0M
+Operating Income	2.2B	2.4B	1.9B	1.9B	1.5B	177.0M	-330.0M	-212.0M
Operating Margin %	12.1%	15.9%	15.3%	18.3%	16.6%	12.0%	-31.9%	-13.5%
Non Operating Income	6.7M	29.8M	11.9M	6.4M	5.0M	1.4M	65.0M	833,700
Non Operating Expenses	8.0M	6.6M	17.2M	21.7M	72.6M	60.2M	143.0M	92.1M
Investment Income	772.0M	1.8B	936.0M	514.0M	77.9M	162.0M	114.0M	39.1M
Fair Value Change Income	40.1M	-44.4M	-74.3M	39.1M	66.5M	262.0M	-7.4M	-2.3M
Asset Disposal Income	5.9M	206,000	136,000	258,000	-1.9M	6.2M	19.7M	586,400
Asset Impairment Loss	117.0M	-17.7M	83.0M	114.0M	90.2M	3.1M	106.0M	111.0M
Other Income	417.0M	534.0M	238.0M	194.0M	209.0M	24.6M	16.9M	895,600
Income Before Tax	2.1B	2.4B	1.9B	1.9B	1.5B	118.0M	-408.0M	-303.0M
Income Tax	338.0M	393.0M	233.0M	247.0M	109.0M	-7.2M	-73.6M	-54.2M
+Net Income	1.8B	2.0B	1.7B	1.6B	1.4B	126.0M	-335.0M	-249.0M
Net Margin %	10.2%	13.4%	13.4%	15.7%	14.7%	8.5%	-32.4%	-15.9%
Net Income Attributable	1.8B	2.0B	1.6B	1.6B	1.4B	126.0M	-338.0M	-249.0M
Minority Interest	1,000	--	5.2M	200.00	-1.7M	200.00	3.1M	16,200
Eps Basic	1.51	1.68	1.52	1.62	1.39	--	--	--
Eps Diluted	1.49	1.65	1.50	1.61	1.39	--	--	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017
Cash And Equivalents	11.0B	11.5B	9.1B	4.0B	1.8B	257.0M	30.6M	30.4M
Trading Financial Assets	1.7B	35.9M	1.2B	76.9M	62.7M	607.0M	37.4M	184.0M
Accounts Receivable	4.7B	3.8B	2.3B	1.5B	672.0M	538.0M	441.0M	843.0M
Notes Receivable	276.0M	544.0M	260.0M	731.0M	33.8M	65.2M	120.0M	62.5M
Notes And Accounts Receivable	5.0B	4.4B	2.6B	2.3B	706.0M	603.0M	561.0M	905.0M
Prepayments	119.0M	203.0M	314.0M	185.0M	146.0M	146.0M	13.6M	38.1M
Inventory	5.2B	3.1B	1.6B	1.5B	2.0B	554.0M	255.0M	433.0M
Total Current Assets	29.4B	22.9B	18.0B	10.3B	7.4B	3.4B	1.6B	2.0B
Long Term Equity Investment	1.3B	1.1B	295.0M	191.0M	115.0M	62.0M	51.1M	36.3M
Fixed Assets	--	4.8B	4.0B	4.0B	3.1B	1.4B	1.2B	1.6B
Fixed Assets Total	4.9B	4.9B	4.0B	4.0B	3.1B	1.4B	1.2B	1.6B
Construction In Progress	--	553.0M	1.2B	1.1B	1.7B	1.2B	745.0M	457.0M
Construction In Progress Total	651.0M	553.0M	1.2B	1.1B	1.7B	1.2B	745.0M	457.0M
Intangible Assets	923.0M	716.0M	375.0M	284.0M	299.0M	234.0M	136.0M	123.0M
Long Term Deferred Expenses	15,000	38,000	106,000	3.7M	7.2M	--	--	--
Total Non Current Assets	12.0B	10.5B	8.4B	7.5B	6.8B	4.0B	3.1B	3.0B
Total Assets	41.4B	33.4B	26.4B	17.8B	14.2B	7.4B	4.7B	5.0B
Short Term Borrowings	5.0M	771.0M	3.1B	2.7B	1.7B	46.1M	50.0M	32.4M
Accounts Payable	9.0B	6.6B	4.1B	3.2B	3.1B	837.0M	663.0M	692.0M
Advance Receipts	679.0M	259.0M	209.0M	411.0M	239.0M	2.5B	67.6M	98.9M
Contract Liabilities	6.1B	2.7B	2.1B	2.5B	1.4B	--	--	--
Total Current Liabilities	24.6B	19.1B	14.4B	12.5B	11.1B	8.3B	5.7B	5.5B
Long Term Borrowings	2.7B	1.1B	614.0M	1.3B	856.0M	--	--	36.6M
Total Non Current Liabilities	3.1B	1.5B	794.0M	1.5B	930.0M	37.6M	115.0M	344.0M
Total Liabilities	27.7B	20.6B	15.2B	13.9B	12.0B	8.4B	5.9B	5.8B
Paid In Capital	1.2B	1.2B	1.2B	988.0M	988.0M	1.3B	1.3B	1.3B
Capital Reserve	6.5B	6.5B	6.3B	801.0M	660.0M	112.0M	112.0M	71.2M
Surplus Reserve	587.0M	372.0M	308.0M	222.0M	100.0M	--	--	--
Retained Earnings	5.7B	4.8B	3.4B	1.9B	343.0M	-2.4B	-2.5B	-2.2B
Minority Equity	3,000	2,000	2,000	1,500	69.6M	1,300	1,000	17,300
Equity Attributable	13.7B	12.8B	11.2B	3.9B	2.1B	-1.0B	-1.1B	-841.0M
Total Equity	13.7B	12.8B	11.2B	3.9B	2.2B	-1.0B	-1.1B	-841.0M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017
Cash From Sales	18.2B	14.3B	11.4B	9.9B	7.6B	4.3B	1.5B	1.4B
Tax Refunds Received	89.5M	112.0M	221.0M	191.0M	214.0M	15.1M	8.3M	--
Total Operating Cash Inflow	18.8B	14.9B	11.8B	10.2B	7.8B	4.4B	1.6B	1.4B
Cash Paid For Goods	15.3B	11.0B	8.7B	7.3B	5.3B	1.5B	1.0B	1.0B
Cash Paid To Employees	1.9B	1.4B	1.1B	993.0M	624.0M	294.0M	237.0M	187.0M
Taxes Paid	1.3B	1.1B	1.0B	1.1B	455.0M	56.8M	38.1M	42.0M
Total Operating Cash Outflow	19.2B	13.8B	11.0B	9.5B	6.5B	1.9B	1.3B	1.3B
Operating Cash Flow	-400.0M	1.1B	759.0M	647.0M	1.4B	2.5B	255.0M	111.0M
Total Investing Cash Inflow	2.6B	4.1B	1.7B	2.2B	1.8B	216.0M	413.0M	231.0M
Total Investing Cash Outflow	5.4B	5.1B	5.3B	2.0B	3.3B	2.1B	1.1B	1.1B
Investing Cash Flow	-2.8B	-1.0B	-3.6B	159.0M	-1.4B	-1.9B	-663.0M	-917.0M
Cash From Borrowings	5.8B	5.5B	3.8B	2.7B	1.9B	30.0M	102.0M	391.0M
Dividends And Interest Paid	783.0M	599.0M	103.0M	116.0M	68.3M	18.6M	39.2M	21.3M
Debt Repayments	2.3B	2.6B	1.7B	1.2B	30.0M	151.0M	62.4M	120.0M
Total Financing Cash Inflow	5.8B	5.6B	9.8B	3.5B	33.8B	18.8B	13.5B	12.6B
Total Financing Cash Outflow	3.5B	3.3B	2.3B	2.1B	32.2B	19.2B	13.1B	11.8B
Financing Cash Flow	2.4B	2.3B	7.6B	1.4B	1.6B	-416.0M	405.0M	815.0M
Net Change In Cash	-822.0M	2.3B	4.8B	2.2B	1.5B	192.0M	-2.5M	8.5M
Ending Cash Balance	10.2B	11.0B	8.7B	3.9B	1.7B	218.0M	26.3M	28.8M
Capex	1.9B	3.8B	2.6B	1.9B	2.6B	1.5B	800.0M	834.0M