Below are the financial statements of Xinyi Solar Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CNY | 2024 | 2023 |
|---|---|---|
| Revenue | 21,921.45a | 24,163.67a |
| Cost of sales excluding impairment losses on property, plant and equipment (PPE) | -18,055.45a | -17,697.5a |
| Gross profit excluding impairment losses on PPE | 3,866a | 6,466.17a |
| Cost of sales - impairment losses on PPE | -392.86a | 0a |
| Gross profit | 3,473.14a | 6,466.17a |
| Other income | 273.88a | 336.41a |
| Other losses - net | -258.43a | -208.24a |
| Selling and marketing expenses | -126.96a | -96.87a |
| Administrative and other operating expenses | -1,019.35a | -1,091.47a |
| Net impairment losses on financial and contract assets | -15.56a | -9.05a |
| Operating profit | 2,326.72a | 5,396.95a |
| Finance income | 23.28a | 31.07a |
| Finance costs | -432.11a | -348.7a |
| Share of net profits of investments accounted for using the equity method | 17.41a | 25.53a |
| Profit before income tax | 1,935.3a | 5,104.85a |
| Income tax expense | -526.23a | -797.17a |
| Profit for the year | 1,409.07a | 4,307.68a |
| Profit for the year attributable to | — | — |
| The equity holders of the company | 1,008.23a | 3,842.76a |
| Non-controlling interests | 400.84a | 464.92a |
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