Sunpower 5GD
SGD 0.56
-0.89% -0.01 Updated 6 Nov 2026, 17:16 SGT
Financials
Sunpower Group Ltd. Annual Report 2025
Explore the statements
28 tablesStatements of Financial Position — assets and liabilities
30 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position — assets and liabilities | |||||
| Cash and cash equivalentsRMB thousand | 921,961 | 1,193,847 | 2,113 | 398,726 | PDF p. 58 |
| Pledged bank depositsRMB thousand | 229,126 | 212,961 | – | – | PDF p. 58 |
| Trade receivablesRMB thousand | 932,385 | 878,985 | – | – | PDF p. 58 |
| Other receivables, deposits and prepayments — currentRMB thousand | 147,430 | 191,826 | 58,722 | 173,656 | PDF p. 58 |
| InventoriesRMB thousand | 138,206 | 167,011 | – | – | PDF p. 58 |
| Assets held for saleRMB thousand | 2,577 | – | – | – | PDF p. 58 |
| Financial assets at FVTOCI — currentRMB thousand | 51,515 | 69,187 | – | – | PDF p. 58 |
| Total current assetsRMB thousand | 2,423,200 | 2,713,817 | 60,835 | 572,382 | PDF p. 58 |
| Property, plant and equipmentRMB thousand | 476,759 | 498,195 | – | – | PDF p. 58 |
| Other receivables, deposits and prepayments — non-currentRMB thousand | 34,678 | 83,648 | – | – | PDF p. 58 |
| Financial assets at FVTOCI — non-currentRMB thousand | – | 2,577 | – | – | PDF p. 58 |
| Right-of-use assetsRMB thousand | 219,292 | 223,275 | – | – | PDF p. 58 |
| SubsidiariesRMB thousand | – | – | 914,379 | 914,379 | PDF p. 58 |
| AssociatesRMB thousand | 101,341 | 65,471 | – | – | PDF p. 58 |
| Intangible assetsRMB thousand | 4,174,555 | 4,228,770 | – | – | PDF p. 58 |
| Deferred tax assetsRMB thousand | 79,845 | 75,948 | – | – | PDF p. 58 |
| GoodwillRMB thousand | 415,582 | 415,582 | – | – | PDF p. 58 |
| Total non-current assetsRMB thousand | 5,502,052 | 5,593,466 | 914,379 | 914,379 | PDF p. 58 |
| Total assetsRMB thousand | 7,925,252 | 8,307,283 | 975,214 | 1,486,761 | PDF p. 58 |
| Trade payables, other payables and contract liabilitiesRMB thousand | 771,583 | 774,274 | 341,525 | 587,290 | PDF p. 58 |
| Borrowings — currentRMB thousand | 1,739,448 | 1,653,812 | – | – | PDF p. 58 |
| Lease liabilities — currentRMB thousand | 1,093 | 1,293 | – | – | PDF p. 58 |
| Convertible bonds — currentRMB thousand | – | 1,080,311 | – | 1,080,311 | PDF p. 58 |
| Income tax payableRMB thousand | 50,987 | 27,697 | – | – | PDF p. 58 |
| Total current liabilitiesRMB thousand | 2,563,111 | 3,537,387 | 341,525 | 1,667,601 | PDF p. 58 |
| Deferred tax liabilitiesRMB thousand | 214,720 | 216,996 | – | – | PDF p. 58 |
| Borrowings — non-currentRMB thousand | 1,670,134 | 2,008,960 | – | – | PDF p. 58 |
| Convertible bonds — non-currentRMB thousand | 531,681 | – | 531,681 | – | PDF p. 58 |
| Lease liabilities — non-currentRMB thousand | 2,418 | 444 | – | – | PDF p. 58 |
| Total non-current liabilitiesRMB thousand | 2,418,953 | 2,226,400 | 531,681 | – | PDF p. 58 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 58 ↗
Statements of Financial Position — capital, reserves and balance
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position — capital, reserves and balance | |||||
| Share capitalRMB thousand | 57,880 | 57,662 | 57,880 | 57,662 | PDF p. 59 |
| Share premiumRMB thousand | 317,642 | 313,653 | 317,642 | 313,653 | PDF p. 59 |
| General reservesRMB thousand | 461,880 | 366,056 | – | – | PDF p. 59 |
| Share option reserveRMB thousand | – | 319 | – | 319 | PDF p. 59 |
| Conversion option reservesRMB thousand | 806 | – | 806 | – | PDF p. 59 |
| Revaluation reserveRMB thousand | (1,578) | (1,694) | – | – | PDF p. 59 |
| Retained earnings (Accumulated losses)RMB thousand | 1,504,550 | 1,278,303 | (274,320) | (552,474) | PDF p. 59 |
| Equity (Deficit) attributable to equity holders of the CompanyRMB thousand | 2,341,180 | 2,014,299 | 102,008 | (180,840) | PDF p. 59 |
| Non-controlling interestsRMB thousand | 602,008 | 529,197 | – | – | PDF p. 59 |
| Total equity (deficit)RMB thousand | 2,943,188 | 2,543,496 | 102,008 | (180,840) | PDF p. 59 |
| Total liabilities and equityRMB thousand | 7,925,252 | 8,307,283 | 975,214 | 1,486,761 | PDF p. 59 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 59 ↗
Consolidated Profit or Loss and Other Comprehensive Income
24 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Profit or Loss and Other Comprehensive Income | |||
| RevenueRMB thousand | 3,336,654 | 3,505,184 | PDF p. 60 |
| Cost of salesRMB thousand | (2,355,365) | (2,612,406) | PDF p. 60 |
| Gross profitRMB thousand | 981,289 | 892,778 | PDF p. 60 |
| Other operating incomeRMB thousand | 33,071 | 61,941 | PDF p. 60 |
| Selling and distribution expensesRMB thousand | (86,121) | (79,485) | PDF p. 60 |
| Administrative expensesRMB thousand | (122,575) | (107,678) | PDF p. 60 |
| Other operating expensesRMB thousand | (19,864) | (164,535) | PDF p. 60 |
| Finance costsRMB thousand | (192,155) | (269,928) | PDF p. 60 |
| Share of profit of associateRMB thousand | 10,543 | 6,522 | PDF p. 60 |
| Profit before income taxRMB thousand | 604,188 | 339,615 | PDF p. 60 |
| Income tax expenseRMB thousand | (174,949) | (95,203) | PDF p. 60 |
| Profit for the yearRMB thousand | 429,239 | 244,412 | PDF p. 60 |
| Net fair value gain on equity instruments at FVTOCIRMB thousand | - | 326 | PDF p. 60 |
| Net fair value gain (loss) on debt instruments at FVTOCIRMB thousand | 122 | (203) | PDF p. 60 |
| Other comprehensive income for the year, net of taxRMB thousand | 122 | 123 | PDF p. 60 |
| Total comprehensive income for the yearRMB thousand | 429,361 | 244,535 | PDF p. 60 |
| Profit attributable to equity holders of the CompanyRMB thousand | 312,886 | 119,437 | PDF p. 60 |
| Profit attributable to non-controlling interestsRMB thousand | 116,353 | 124,975 | PDF p. 60 |
| Profit for the year — attribution totalRMB thousand | 429,239 | 244,412 | PDF p. 60 |
| Comprehensive income attributable to equity holders of the CompanyRMB thousand | 313,002 | 119,577 | PDF p. 60 |
| Comprehensive income attributable to non-controlling interestsRMB thousand | 116,359 | 124,958 | PDF p. 60 |
| Total comprehensive income — attribution totalRMB thousand | 429,361 | 244,535 | PDF p. 60 |
| Basic EPS from continuing operationsRMB cents per share | 39.28 | 15.01 | PDF p. 60 |
| Diluted EPS from continuing operationsRMB cents per share | 31.51 | 15.01 | PDF p. 60 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 60 ↗
Consolidated Cash Flows — operating and investing activities
34 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Cash Flows — operating and investing activities | |||
| Profit before income taxRMB thousand | 604,188 | 339,615 | PDF p. 63 |
| Depreciation of property, plant and equipmentRMB thousand | 44,751 | 51,334 | PDF p. 63 |
| Depreciation of right-of-use assetRMB thousand | 6,896 | 6,954 | PDF p. 63 |
| Amortisation of intangible assetsRMB thousand | 215,283 | 212,541 | PDF p. 63 |
| Amortisation of contract costRMB thousand | 237 | 237 | PDF p. 63 |
| Interest expenseRMB thousand | 192,155 | 269,928 | PDF p. 63 |
| Impairment of property, plant and equipmentRMB thousand | – | 633 | PDF p. 63 |
| Exchange differences on foreign currency translationRMB thousand | (1,419) | (1,438) | PDF p. 63 |
| Share of profit of associateRMB thousand | (10,543) | (6,522) | PDF p. 63 |
| Net loss on disposal of property, plant and equipmentRMB thousand | 1,353 | 1,310 | PDF p. 63 |
| Gain on disposal of right-of-use assetRMB thousand | (30) | – | PDF p. 63 |
| Interest incomeRMB thousand | (7,242) | (6,006) | PDF p. 63 |
| Impairment loss on trade and other receivables subject to ECL, netRMB thousand | 17,375 | 128,349 | PDF p. 63 |
| Reversal of other payableRMB thousand | – | (19,739) | PDF p. 63 |
| Exchange loss on convertible bondsRMB thousand | 1,343 | 31,347 | PDF p. 63 |
| Operating cash flows before working capital movementsRMB thousand | 1,064,347 | 1,008,543 | PDF p. 63 |
| Trade receivablesRMB thousand | (61,051) | (188,565) | PDF p. 63 |
| Other receivables and prepaymentsRMB thousand | 30,877 | 66,273 | PDF p. 63 |
| Financial assets at FVTOCIRMB thousand | 17,834 | (37,637) | PDF p. 63 |
| InventoriesRMB thousand | 28,805 | (28,983) | PDF p. 63 |
| Trade payables, other payables and contract liabilitiesRMB thousand | (3,696) | 80,895 | PDF p. 63 |
| Cash generated from operationsRMB thousand | 1,077,116 | 900,526 | PDF p. 63 |
| Income tax paidRMB thousand | (155,784) | (126,378) | PDF p. 63 |
| Interest receivedRMB thousand | 7,242 | 6,006 | PDF p. 63 |
| Interest paidRMB thousand | (136,919) | (157,872) | PDF p. 63 |
| Net cash from operating activitiesRMB thousand | 791,655 | 622,282 | PDF p. 63 |
| Purchase of property, plant and equipmentRMB thousand | (32,329) | (19,213) | PDF p. 63 |
| Prepayment for BOT projectsRMB thousand | (7,705) | (14,770) | PDF p. 63 |
| Acquisition of intangible assetsRMB thousand | (96,429) | (142,143) | PDF p. 63 |
| Acquisition of non-controlling interestsRMB thousand | (11,576) | (11,708) | PDF p. 63 |
| Investment in associateRMB thousand | (30,227) | – | PDF p. 63 |
| Dividends received from associateRMB thousand | 4,900 | – | PDF p. 63 |
| Proceeds from disposal of property, plant and equipmentRMB thousand | 85 | 38 | PDF p. 63 |
| Net cash used in investing activitiesRMB thousand | (173,281) | (187,796) | PDF p. 63 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 63 ↗
Consolidated Cash Flows — financing and cash reconciliation
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Cash Flows — financing and cash reconciliation | |||
| Proceeds from new borrowingsRMB thousand | 1,744,105 | 1,726,655 | PDF p. 64 |
| Pledged bank depositsRMB thousand | (16,165) | (128,285) | PDF p. 64 |
| Repayment of borrowingsRMB thousand | (1,997,295) | (1,447,209) | PDF p. 64 |
| Repayments of lease liabilitiesRMB thousand | (1,181) | (1,357) | PDF p. 64 |
| Payment of other financing activity expensesRMB thousand | (7,470) | (15,331) | PDF p. 64 |
| Dividend paid to non-controlling interest of a subsidiaryRMB thousand | (6,900) | (2,000) | PDF p. 64 |
| Proceeds from rights issueRMB thousand | 539,963 | – | PDF p. 64 |
| Payment for convertible bondsRMB thousand | (1,108,462) | – | PDF p. 64 |
| Interest paidRMB thousand | (36,855) | (36,202) | PDF p. 64 |
| Net cash (used in) from financing activitiesRMB thousand | (890,260) | 96,271 | PDF p. 64 |
| Net (decrease) increase in cash and cash equivalentsRMB thousand | (271,886) | 530,757 | PDF p. 64 |
| Cash and cash equivalents at beginning of yearRMB thousand | 1,193,847 | 663,090 | PDF p. 64 |
| Cash and cash equivalents at end of yearRMB thousand | 921,961 | 1,193,847 | PDF p. 64 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 64 ↗
Statements of Changes in Equity — Group FY2024
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare capital | 2024GroupShare premium | 2024GroupGeneral reserves | 2024GroupShare option reserve | 2024GroupConversion option reserve | 2024GroupRevaluation reserve | 2024GroupRetained earnings | 2024GroupEquity attributable to Company shareholders | 2024GroupNon-controlling interests | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group equity movements FY2024 | |||||||||||
| Balance at 1 January 2024RMB thousand | 57,662 | 313,653 | 288,101 | 319 | – | (1,834) | 1,242,539 | 1,900,440 | 412,229 | 2,312,669 | PDF p. 61 |
| Profit for the yearRMB thousand | – | – | – | – | – | – | 119,437 | 119,437 | 124,975 | 244,412 | PDF p. 61 |
| Other comprehensive income for the yearRMB thousand | – | – | – | – | – | 140 | – | 140 | (17) | 123 | PDF p. 61 |
| Total comprehensive incomeRMB thousand | – | – | – | – | – | 140 | 119,437 | 119,577 | 124,958 | 244,535 | PDF p. 61 |
| Dividend paid to non-controlling interest of a subsidiaryRMB thousand | – | – | – | – | – | – | – | – | (2,000) | (2,000) | PDF p. 61 |
| Transfer to general reservesRMB thousand | – | – | 83,673 | – | – | – | (83,673) | – | – | – | PDF p. 61 |
| Acquisition of non-controlling interestsRMB thousand | – | – | (5,718) | – | – | – | – | (5,718) | (5,990) | (11,708) | PDF p. 61 |
| Total transactions with ownersRMB thousand | – | – | 77,955 | – | – | – | (83,673) | (5,718) | (7,990) | (13,708) | PDF p. 61 |
| Balance at 31 December 2024RMB thousand | 57,662 | 313,653 | 366,056 | 319 | – | (1,694) | 1,278,303 | 2,014,299 | 529,197 | 2,543,496 | PDF p. 61 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 61 ↗
Statements of Changes in Equity — Group FY2025
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupShare premium | 2025GroupGeneral reserves | 2025GroupShare option reserve | 2025GroupConversion option reserve | 2025GroupRevaluation reserve | 2025GroupRetained earnings | 2025GroupEquity attributable to Company shareholders | 2025GroupNon-controlling interests | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group equity movements FY2025 | |||||||||||
| Balance at 31 December 2024 — opening FY2025RMB thousand | 57,662 | 313,653 | 366,056 | 319 | – | (1,694) | 1,278,303 | 2,014,299 | 529,197 | 2,543,496 | PDF p. 61 |
| Profit for the yearRMB thousand | – | – | – | – | – | – | 312,886 | 312,886 | 116,353 | 429,239 | PDF p. 61 |
| Other comprehensive income for the yearRMB thousand | – | – | – | – | – | 116 | – | 116 | 6 | 122 | PDF p. 61 |
| Total comprehensive incomeRMB thousand | – | – | – | – | – | 116 | 312,886 | 313,002 | 116,359 | 429,361 | PDF p. 61 |
| Dividend paid to non-controlling interest of a subsidiaryRMB thousand | – | – | – | – | – | – | – | – | (6,900) | (6,900) | PDF p. 61 |
| Transfer to general reservesRMB thousand | – | – | 86,639 | – | – | – | (86,639) | – | – | – | PDF p. 61 |
| Acquisition of non-controlling interestsRMB thousand | – | – | 9,185 | – | – | – | – | 9,185 | (36,648) | (27,463) | PDF p. 61 |
| Equity component of convertible bondsRMB thousand | – | – | – | – | 806 | – | – | 806 | – | 806 | PDF p. 61 |
| Convertible bonds converted into sharesRMB thousand | 218 | 3,989 | – | – | – | – | – | 4,207 | – | 4,207 | PDF p. 61 |
| Expiry of employee share optionRMB thousand | – | – | – | (319) | – | – | – | (319) | – | (319) | PDF p. 61 |
| Total transactions with ownersRMB thousand | 218 | 3,989 | 95,824 | (319) | 806 | – | (86,639) | 13,879 | (43,548) | (29,669) | PDF p. 61 |
| Balance at 31 December 2025RMB thousand | 57,880 | 317,642 | 461,880 | – | 806 | (1,578) | 1,504,550 | 2,341,180 | 602,008 | 2,943,188 | PDF p. 61 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 61 ↗
Statements of Changes in Equity — Company FY2024
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024CompanyShare capital | 2024CompanyShare premium | 2024CompanyShare option reserve | 2024CompanyConversion option reserve | 2024CompanyRetained earnings | 2024CompanyEquity attributable to Company shareholders | 2024CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|---|
| Company equity movements FY2024 | ||||||||
| Balance at 1 January 2024RMB thousand | 57,662 | 313,653 | 319 | – | (491,912) | (120,278) | (120,278) | PDF p. 62 |
| Loss for the year representing total comprehensive lossRMB thousand | – | – | – | – | (60,562) | (60,562) | (60,562) | PDF p. 62 |
| Balance at 31 December 2024RMB thousand | 57,662 | 313,653 | 319 | – | (552,474) | (180,840) | (180,840) | PDF p. 62 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 62 ↗
Statements of Changes in Equity — Company FY2025
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CompanyShare capital | 2025CompanyShare premium | 2025CompanyShare option reserve | 2025CompanyConversion option reserve | 2025CompanyRetained earnings | 2025CompanyEquity attributable to Company shareholders | 2025CompanyTotal equity | Source |
|---|---|---|---|---|---|---|---|---|
| Company equity movements FY2025 | ||||||||
| Balance at 31 December 2024 — opening FY2025RMB thousand | 57,662 | 313,653 | 319 | – | (552,474) | (180,840) | (180,840) | PDF p. 62 |
| Profit for the year representing total comprehensive profitRMB thousand | – | – | – | – | 278,154 | 278,154 | 278,154 | PDF p. 62 |
| Equity component of convertible bondsRMB thousand | – | – | – | 806 | – | 806 | 806 | PDF p. 62 |
| Convertible bonds converted into sharesRMB thousand | 218 | 3,989 | – | – | – | 4,207 | 4,207 | PDF p. 62 |
| Expiry of employee share optionRMB thousand | – | – | (319) | – | – | (319) | (319) | PDF p. 62 |
| Total — annual profit and owner movements combinedRMB thousand | 218 | 3,989 | (319) | 806 | 278,154 | 282,848 | 282,848 | PDF p. 62 |
| Balance at 31 December 2025RMB thousand | 57,880 | 317,642 | – | 806 | (274,320) | 102,008 | 102,008 | PDF p. 62 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 62 ↗
Intangible acquisition unpaid and cash reconciliation — Cash Flow NoteB
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Intangible acquisition unpaid and cash reconciliation — Cash Flow NoteB | |||
| Acquisition unpaid at beginning of yearRMB thousand | 83,014 | 142,869 | PDF p. 64 |
| Intangible additions during yearRMB thousand | 161,068 | 105,534 | PDF p. 64 |
| Less: transferred from prepayment for BOT projectsRMB thousand | (45,064) | (8,476) | PDF p. 64 |
| Less: cash outflows during yearRMB thousand | (104,134) | (156,913) | PDF p. 64 |
| Acquisition unpaid at end of yearRMB thousand | 94,884 | 83,014 | PDF p. 64 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 64 ↗
Statements of Financial Position — assets and liabilities — as reported in FY2023 annual report
29 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position — assets and liabilities — as reported in FY2023 annual report | |||||
| Cash and cash equivalentsRMB thousand | 663,090 | 585,268 | 995 | 10,141 | PDF p. 66 |
| Pledged bank depositsRMB thousand | 84,676 | 128,742 | – | – | PDF p. 66 |
| Trade receivablesRMB thousand | 813,033 | 638,123 | – | – | PDF p. 66 |
| Other receivables, deposits and prepayments — currentRMB thousand | 249,575 | 349,409 | 427,083 | 294,471 | PDF p. 66 |
| InventoriesRMB thousand | 138,028 | 175,315 | – | – | PDF p. 66 |
| Financial assets at FVTOCI — currentRMB thousand | 36,259 | 50,458 | – | – | PDF p. 66 |
| Total current assetsRMB thousand | 1,984,661 | 1,927,315 | 428,078 | 304,612 | PDF p. 66 |
| Property, plant and equipmentRMB thousand | 517,628 | 632,439 | – | – | PDF p. 66 |
| Other receivables, deposits and prepayments — non-currentRMB thousand | 50,117 | 44,722 | – | 129,660 | PDF p. 66 |
| Financial assets at FVTOCI — non-currentRMB thousand | 2,142 | 2,445 | – | – | PDF p. 66 |
| Right-of-use assetsRMB thousand | 230,229 | 237,483 | – | – | PDF p. 66 |
| SubsidiariesRMB thousand | – | – | 914,379 | 914,379 | PDF p. 66 |
| AssociatesRMB thousand | 58,949 | 53,887 | – | – | PDF p. 66 |
| Intangible assetsRMB thousand | 4,335,777 | 4,322,808 | – | – | PDF p. 66 |
| Deferred tax assetsRMB thousand | 34,010 | 31,932 | – | – | PDF p. 66 |
| GoodwillRMB thousand | 415,582 | 415,582 | – | – | PDF p. 66 |
| Total non-current assetsRMB thousand | 5,644,434 | 5,741,298 | 914,379 | 1,044,039 | PDF p. 66 |
| Total assetsRMB thousand | 7,629,095 | 7,668,613 | 1,342,457 | 1,348,651 | PDF p. 66 |
| Trade payables, other payables and contract liabilitiesRMB thousand | 712,896 | 1,144,823 | 488,890 | 431,104 | PDF p. 66 |
| Borrowings — currentRMB thousand | 1,191,484 | 918,485 | – | – | PDF p. 66 |
| Lease liabilities — currentRMB thousand | 1,235 | 1,646 | – | – | PDF p. 66 |
| Convertible bonds — currentRMB thousand | - | 892,707 | – | 892,707 | PDF p. 66 |
| Income tax payableRMB thousand | 25,927 | 6,763 | – | – | PDF p. 66 |
| Total current liabilitiesRMB thousand | 1,931,542 | 2,964,424 | 488,890 | 1,323,811 | PDF p. 66 |
| Deferred tax liabilitiesRMB thousand | 217,460 | 225,666 | – | – | PDF p. 66 |
| Borrowings — non-currentRMB thousand | 2,191,842 | 2,424,490 | – | – | PDF p. 66 |
| Convertible bonds — non-currentRMB thousand | 973,845 | – | 973,845 | – | PDF p. 66 |
| Lease liabilities — non-currentRMB thousand | 1,737 | 4,184 | – | – | PDF p. 66 |
| Total non-current liabilitiesRMB thousand | 3,384,884 | 2,654,340 | 973,845 | – | PDF p. 66 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 66 ↗
Statements of Financial Position — capital, reserves and balance — as reported in FY2023 annual report
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position — capital, reserves and balance — as reported in FY2023 annual report | |||||
| Share capitalRMB thousand | 57,662 | 57,662 | 57,662 | 57,662 | PDF p. 67 |
| Share premiumRMB thousand | 313,653 | 313,653 | 313,653 | 313,653 | PDF p. 67 |
| General reservesRMB thousand | 288,101 | 239,681 | – | – | PDF p. 67 |
| Share option reserveRMB thousand | 319 | 319 | 319 | 319 | PDF p. 67 |
| Foreign currency translation reserveRMB thousand | – | – | – | – | PDF p. 67 |
| Revaluation reserveRMB thousand | (1,834) | (1,706) | – | – | PDF p. 67 |
| Retained earnings (Accumulated losses)RMB thousand | 1,242,539 | 1,120,715 | (491,912) | (346,794) | PDF p. 67 |
| Equity (Deficit) attributable to Company shareholdersRMB thousand | 1,900,440 | 1,730,324 | (120,278) | 24,840 | PDF p. 67 |
| Non-controlling interestsRMB thousand | 412,229 | 319,525 | – | – | PDF p. 67 |
| Total equity (deficit)RMB thousand | 2,312,669 | 2,049,849 | (120,278) | 24,840 | PDF p. 67 |
| Total liabilities and equityRMB thousand | 7,629,095 | 7,668,613 | 1,342,457 | 1,348,651 | PDF p. 67 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 67 ↗
Statements of Financial Position — assets and liabilities — as reported in FY2022 annual report
29 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group — restated as disclosed in FY2022 annual report | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position — assets and liabilities — as reported in FY2022 annual report | |||||
| Cash and cash equivalentsRMB thousand | 585,268 | 398,399 | 10,141 | 39,795 | PDF p. 67 |
| Pledged bank depositsRMB thousand | 128,742 | 60,790 | – | – | PDF p. 67 |
| Trade receivablesRMB thousand | 638,123 | 422,864 | – | – | PDF p. 67 |
| Other receivables, deposits and prepayments — currentRMB thousand | 349,409 | 359,803 | 294,471 | 303,106 | PDF p. 67 |
| InventoriesRMB thousand | 175,315 | 122,706 | – | – | PDF p. 67 |
| Financial assets at FVTOCI — currentRMB thousand | 50,458 | 3,010 | – | – | PDF p. 67 |
| Total current assetsRMB thousand | 1,927,315 | 1,367,572 | 304,612 | 342,901 | PDF p. 67 |
| Property, plant and equipmentRMB thousand | 632,439 | 646,147 | – | – | PDF p. 67 |
| Other receivables, deposits and prepayments — non-currentRMB thousand | 44,722 | 58,956 | 129,660 | 83,660 | PDF p. 67 |
| Financial assets at FVTOCI — non-currentRMB thousand | 2,445 | 2,683 | – | – | PDF p. 67 |
| Right-of-use assetsRMB thousand | 237,483 | 246,713 | – | – | PDF p. 67 |
| SubsidiariesRMB thousand | – | – | 914,379 | 914,379 | PDF p. 67 |
| AssociatesRMB thousand | 53,887 | 20,762 | – | – | PDF p. 67 |
| Intangible assetsRMB thousand | 4,322,808 | 3,835,046 | – | – | PDF p. 67 |
| Deferred tax assetsRMB thousand | 31,932 | 24,301 | – | – | PDF p. 67 |
| GoodwillRMB thousand | 415,582 | 415,582 | – | – | PDF p. 67 |
| Total non-current assetsRMB thousand | 5,741,298 | 5,250,190 | 1,044,039 | 998,039 | PDF p. 67 |
| Total assetsRMB thousand | 7,668,613 | 6,617,762 | 1,348,651 | 1,340,940 | PDF p. 67 |
| Trade payables, other payables and contract liabilitiesRMB thousand | 1,144,823 | 849,371 | 431,104 | 389,803 | PDF p. 67 |
| Borrowings — currentRMB thousand | 918,485 | 594,006 | – | – | PDF p. 67 |
| Lease liabilities — currentRMB thousand | 1,646 | 1,652 | – | – | PDF p. 67 |
| Convertible bonds — currentRMB thousand | 892,707 | – | 892,707 | – | PDF p. 67 |
| Income tax payableRMB thousand | 6,763 | 31,445 | – | – | PDF p. 67 |
| Total current liabilitiesRMB thousand | 2,964,424 | 1,476,474 | 1,323,811 | 389,803 | PDF p. 67 |
| Deferred tax liabilitiesRMB thousand | 225,666 | 219,498 | – | – | PDF p. 67 |
| Borrowings — non-currentRMB thousand | 2,424,490 | 2,142,726 | – | – | PDF p. 67 |
| Convertible bonds — non-currentRMB thousand | – | 909,727 | – | 909,727 | PDF p. 67 |
| Lease liabilities — non-currentRMB thousand | 4,184 | 5,506 | – | – | PDF p. 67 |
| Total non-current liabilitiesRMB thousand | 2,654,340 | 3,277,457 | – | 909,727 | PDF p. 67 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 67 ↗
Statements of Financial Position — capital, reserves and balance — as reported in FY2022 annual report
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group — restated as disclosed in FY2022 annual report | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position — capital, reserves and balance — as reported in FY2022 annual report | |||||
| Share capitalRMB thousand | 57,662 | 57,662 | 57,662 | 57,662 | PDF p. 68 |
| Treasury sharesRMB thousand | – | – | – | – | PDF p. 68 |
| Share premiumRMB thousand | 313,653 | 313,653 | 313,653 | 313,653 | PDF p. 68 |
| General reservesRMB thousand | 239,681 | 186,153 | – | – | PDF p. 68 |
| Share option reserveRMB thousand | 319 | 319 | 319 | 319 | PDF p. 68 |
| Foreign currency translation reserveRMB thousand | – | (190) | – | – | PDF p. 68 |
| Revaluation reserveRMB thousand | (1,706) | (1,209) | – | – | PDF p. 68 |
| Retained earnings (Accumulated losses)RMB thousand | 1,120,715 | 1,035,444 | (346,794) | (330,224) | PDF p. 68 |
| Equity (Deficit) attributable to Company shareholdersRMB thousand | 1,730,324 | 1,591,832 | 24,840 | 41,410 | PDF p. 68 |
| Non-controlling interestsRMB thousand | 319,525 | 271,999 | – | – | PDF p. 68 |
| Total equity (deficit)RMB thousand | 2,049,849 | 1,863,831 | 24,840 | 41,410 | PDF p. 68 |
| Total liabilities and equityRMB thousand | 7,668,613 | 6,617,762 | 1,348,651 | 1,340,940 | PDF p. 68 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 68 ↗
Consolidated Profit or Loss and Other Comprehensive Income — as reported in FY2023 annual report
25 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Consolidated Profit or Loss and Other Comprehensive Income — as reported in FY2023 annual report | |||
| RevenueRMB thousand | 3,403,064 | 3,448,606 | PDF p. 68 |
| Cost of salesRMB thousand | (2,571,506) | (2,935,553) | PDF p. 68 |
| Gross profitRMB thousand | 831,558 | 513,053 | PDF p. 68 |
| Other operating incomeRMB thousand | 20,028 | 22,415 | PDF p. 68 |
| Selling and distribution expensesRMB thousand | (71,106) | (60,352) | PDF p. 68 |
| Administrative expensesRMB thousand | (124,838) | (92,871) | PDF p. 68 |
| Other operating expensesRMB thousand | (38,259) | (81,788) | PDF p. 68 |
| Finance costsRMB thousand | (278,744) | (232,488) | PDF p. 68 |
| Share of profit of associateRMB thousand | 5,062 | 1,649 | PDF p. 68 |
| Fair value changes on convertible bondsRMB thousand | – | 150,656 | PDF p. 68 |
| Gain on disposal of subsidiariesRMB thousand | – | 12,820 | PDF p. 68 |
| Profit before income taxRMB thousand | 343,701 | 233,094 | PDF p. 68 |
| Income tax expenseRMB thousand | (75,219) | (46,298) | PDF p. 68 |
| Profit for the yearRMB thousand | 268,482 | 186,796 | PDF p. 68 |
| Exchange difference on translation of foreign operationRMB thousand | – | 190 | PDF p. 68 |
| Net fair value loss on equity instruments at FVTOCIRMB thousand | (226) | (179) | PDF p. 68 |
| Net fair value gain (loss) on debt instruments at FVTOCIRMB thousand | 92 | (350) | PDF p. 68 |
| Other comprehensive loss for the year, net of taxRMB thousand | (134) | (339) | PDF p. 68 |
| Total comprehensive income for the yearRMB thousand | 268,348 | 186,457 | PDF p. 68 |
| Profit attributable to Company shareholdersRMB thousand | 175,772 | 138,799 | PDF p. 68 |
| Profit attributable to non-controlling interestsRMB thousand | 92,710 | 47,997 | PDF p. 68 |
| Profit for the year — attribution totalRMB thousand | 268,482 | 186,796 | PDF p. 68 |
| Comprehensive income attributable to Company shareholdersRMB thousand | 175,644 | 138,492 | PDF p. 68 |
| Comprehensive income attributable to non-controlling interestsRMB thousand | 92,704 | 47,965 | PDF p. 68 |
| Total comprehensive income — attribution totalRMB thousand | 268,348 | 186,457 | PDF p. 68 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 68 ↗
Basic and diluted EPS with disclosed operating scope — as reported in FY2023 annual report
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Basic and diluted EPS with disclosed operating scope — as reported in FY2023 annual report | |||
| Basic EPS from continuing operationsRMB cents per share | 22.09 | 17.44 | PDF p. 69 |
| Diluted EPS from continuing operationsRMB cents per share | 22.09 | 9.26 | PDF p. 69 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 69 ↗
Consolidated Profit or Loss and Other Comprehensive Income — as reported in FY2022 annual report
27 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group — restated as disclosed in FY2022 annual report | Source |
|---|---|---|---|
| Consolidated Profit or Loss and Other Comprehensive Income — as reported in FY2022 annual report | |||
| Revenue — continuing operationsRMB thousand | 3,448,606 | 2,929,534 | PDF p. 69 |
| Cost of sales — continuing operationsRMB thousand | (2,935,553) | (2,601,555) | PDF p. 69 |
| Gross profit — continuing operationsRMB thousand | 513,053 | 327,979 | PDF p. 69 |
| Other operating income — continuing operationsRMB thousand | 22,415 | 143,155 | PDF p. 69 |
| Selling and distribution expenses — continuing operationsRMB thousand | (60,352) | (40,022) | PDF p. 69 |
| Administrative expenses — continuing operationsRMB thousand | (92,871) | (131,254) | PDF p. 69 |
| Other operating expenses — continuing operationsRMB thousand | (81,788) | (42,812) | PDF p. 69 |
| Finance costs — continuing operationsRMB thousand | (232,488) | (638,612) | PDF p. 69 |
| Share of profit of associate — continuing operationsRMB thousand | 1,649 | 1,939 | PDF p. 69 |
| Fair value changes on convertible bonds — continuing operationsRMB thousand | 150,656 | 486,212 | PDF p. 69 |
| Gain on disposal of subsidiaries — continuing operationsRMB thousand | 12,820 | 934,334 | PDF p. 69 |
| Profit before income tax — continuing operationsRMB thousand | 233,094 | 1,040,919 | PDF p. 69 |
| Income tax expense — continuing operationsRMB thousand | (46,298) | (241,914) | PDF p. 69 |
| Profit from continuing operationsRMB thousand | 186,796 | 799,005 | PDF p. 69 |
| Profit from discontinued operationsRMB thousand | – | 27,559 | PDF p. 69 |
| Profit for the year — continuing and discontinued operationsRMB thousand | 186,796 | 826,564 | PDF p. 69 |
| Exchange difference on translation of foreign operationRMB thousand | 190 | (41) | PDF p. 69 |
| Net fair value loss on equity instruments at FVTOCIRMB thousand | (179) | (189) | PDF p. 69 |
| Net fair value loss on debt instruments at FVTOCIRMB thousand | (350) | (514) | PDF p. 69 |
| Other comprehensive loss for the year, net of taxRMB thousand | (339) | (744) | PDF p. 69 |
| Total comprehensive income for the yearRMB thousand | 186,457 | 825,820 | PDF p. 69 |
| Profit attributable to Company shareholdersRMB thousand | 138,799 | 816,199 | PDF p. 69 |
| Profit attributable to non-controlling interestsRMB thousand | 47,997 | 10,365 | PDF p. 69 |
| Profit for the year — attribution totalRMB thousand | 186,796 | 826,564 | PDF p. 69 |
| Comprehensive income attributable to Company shareholdersRMB thousand | 138,492 | 815,420 | PDF p. 69 |
| Comprehensive income attributable to non-controlling interestsRMB thousand | 47,965 | 10,400 | PDF p. 69 |
| Total comprehensive income — attribution totalRMB thousand | 186,457 | 825,820 | PDF p. 69 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 69 ↗
Basic and diluted EPS with disclosed operating scope — as reported in FY2022 annual report
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group — restated as disclosed in FY2022 annual report | Source |
|---|---|---|---|
| Basic and diluted EPS with disclosed operating scope — as reported in FY2022 annual report | |||
| Basic EPS from continuing and discontinued operationsRMB cents per share | 17.44 | 102.81 | PDF p. 70 |
| Diluted EPS from continuing and discontinued operationsRMB cents per share | 9.26 | 36.50 | PDF p. 70 |
| Basic EPS from continuing operationsRMB cents per share | 17.44 | 99.48 | PDF p. 70 |
| Diluted EPS from continuing operationsRMB cents per share | 9.26 | 34.21 | PDF p. 70 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 70 ↗
Consolidated Cash Flows — operating and investing activities — as reported in FY2023 annual report
37 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Consolidated Cash Flows — operating and investing activities — as reported in FY2023 annual report | |||
| Profit before income taxRMB thousand | 343,701 | 233,094 | PDF p. 72 |
| Depreciation of property, plant and equipmentRMB thousand | 48,154 | 50,037 | PDF p. 72 |
| Depreciation of right-of-use assetRMB thousand | 6,149 | 6,512 | PDF p. 72 |
| Amortisation of intangible assetsRMB thousand | 187,276 | 147,086 | PDF p. 72 |
| Interest expenseRMB thousand | 278,744 | 232,488 | PDF p. 72 |
| Impairment of property, plant and equipmentRMB thousand | 2,116 | – | PDF p. 72 |
| Exchange differences on foreign currency translationRMB thousand | 330 | (419) | PDF p. 72 |
| Share of profit of associateRMB thousand | (5,062) | (1,649) | PDF p. 72 |
| Net loss on disposal of property, plant and equipmentRMB thousand | 572 | 6,036 | PDF p. 72 |
| Gain on disposal of right-of-use assetRMB thousand | (264) | – | PDF p. 72 |
| Gain on disposal of subsidiariesRMB thousand | – | (12,820) | PDF p. 72 |
| Impairment allowance on inventories, net of allowanceRMB thousand | (1,251) | – | PDF p. 72 |
| Interest incomeRMB thousand | (6,753) | (3,377) | PDF p. 72 |
| Impairment loss on trade and other receivables subject to ECL, netRMB thousand | 17,197 | 2,053 | PDF p. 72 |
| Reversal of impairment loss on pledged bank depositsRMB thousand | – | (3,000) | PDF p. 72 |
| Exchange loss on convertible bondsRMB thousand | 14,895 | 72,695 | PDF p. 72 |
| Fair value gain on convertible bondsRMB thousand | – | (150,656) | PDF p. 72 |
| Operating cash flows before working capital movementsRMB thousand | 885,804 | 578,080 | PDF p. 72 |
| Trade receivablesRMB thousand | (181,451) | (216,911) | PDF p. 72 |
| Other receivables and prepaymentsRMB thousand | 87,448 | 11,541 | PDF p. 72 |
| Prepayment for contract costRMB thousand | (6,364) | - | PDF p. 72 |
| Financial assets at FVTOCIRMB thousand | 14,323 | (47,916) | PDF p. 72 |
| InventoriesRMB thousand | 38,538 | (52,609) | PDF p. 72 |
| Trade payables, other payables and contract liabilitiesRMB thousand | (111,325) | 245,358 | PDF p. 72 |
| Cash generated from operationsRMB thousand | 726,973 | 517,543 | PDF p. 72 |
| Income tax paidRMB thousand | (87,489) | (69,581) | PDF p. 72 |
| Interest receivedRMB thousand | 6,753 | 3,377 | PDF p. 72 |
| Interest paidRMB thousand | (183,018) | (146,166) | PDF p. 72 |
| Net cash from operating activitiesRMB thousand | 463,219 | 305,173 | PDF p. 72 |
| Purchase of property, plant and equipmentRMB thousand | (48,121) | (61,321) | PDF p. 72 |
| Prepayment for BOT projectsRMB thousand | (33,125) | (56,716) | PDF p. 72 |
| Acquisition of intangible assetsRMB thousand | (343,984) | (474,979) | PDF p. 72 |
| Proceeds from disposal of subsidiariesRMB thousand | 1,400 | 571 | PDF p. 72 |
| Payment of deferred consideration for subsidiary acquisitionRMB thousand | – | (7,183) | PDF p. 72 |
| Acquisition of an associateRMB thousand | – | (31,476) | PDF p. 72 |
| Proceeds from disposal of property, plant and equipmentRMB thousand | 116 | 6,396 | PDF p. 72 |
| Net cash used in investing activitiesRMB thousand | (423,714) | (624,708) | PDF p. 72 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 72 ↗
Consolidated Cash Flows — financing and cash reconciliation — as reported in FY2023 annual report
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Consolidated Cash Flows — financing and cash reconciliation — as reported in FY2023 annual report | |||
| Proceeds from new borrowingsRMB thousand | 1,085,072 | 1,635,050 | PDF p. 73 |
| Pledged bank depositsRMB thousand | 44,066 | (64,952) | PDF p. 73 |
| Payment of dividendRMB thousand | (5,528) | – | PDF p. 73 |
| Repayment of borrowingsRMB thousand | (1,044,721) | (1,028,807) | PDF p. 73 |
| Repayments of lease liabilitiesRMB thousand | (1,490) | (1,465) | PDF p. 73 |
| Interest paidRMB thousand | (39,082) | (33,612) | PDF p. 73 |
| Net cash from financing activitiesRMB thousand | 38,317 | 506,214 | PDF p. 73 |
| Net increase in cash and cash equivalentsRMB thousand | 77,822 | 186,679 | PDF p. 73 |
| Cash and cash equivalents at beginning of yearRMB thousand | 585,268 | 398,399 | PDF p. 73 |
| Effects of foreign exchange rate changesRMB thousand | – | 190 | PDF p. 73 |
| Cash and cash equivalents at end of yearRMB thousand | 663,090 | 585,268 | PDF p. 73 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 73 ↗
Consolidated Cash Flows — operating and investing activities — as reported in FY2022 annual report
39 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group — restated; continuing and discontinued operations | Source |
|---|---|---|---|
| Consolidated Cash Flows — operating and investing activities — as reported in FY2022 annual report | |||
| Profit before income tax — continuing and discontinued operationsRMB thousand | 233,094 | 1,074,213 | PDF p. 74 |
| Depreciation of property, plant and equipmentRMB thousand | 50,037 | 61,027 | PDF p. 74 |
| Depreciation of right-of-use assetRMB thousand | 6,512 | 7,580 | PDF p. 74 |
| Amortisation of intangible assetsRMB thousand | 147,086 | 108,385 | PDF p. 74 |
| Interest expenseRMB thousand | 232,488 | 646,736 | PDF p. 74 |
| Exchange differences on foreign currency translationRMB thousand | (419) | (545) | PDF p. 74 |
| Share of profit of associateRMB thousand | (1,649) | (1,939) | PDF p. 74 |
| Net loss (Gain) on disposal of property, plant and equipmentRMB thousand | 6,036 | (67,711) | PDF p. 74 |
| Gain on disposal of right-of-use assetRMB thousand | – | (4,343) | PDF p. 74 |
| Gain on disposal of subsidiariesRMB thousand | (12,820) | (934,334) | PDF p. 74 |
| Expenses on disposal of subsidiariesRMB thousand | – | 41,075 | PDF p. 74 |
| Impairment allowance on inventories, net of allowanceRMB thousand | – | 1,759 | PDF p. 74 |
| Interest incomeRMB thousand | (3,377) | (4,982) | PDF p. 74 |
| Impairment loss on trade and other receivables subject to ECL, netRMB thousand | 2,053 | 15,142 | PDF p. 74 |
| (Reversal of) Impairment loss on pledged bank depositsRMB thousand | (3,000) | 3,081 | PDF p. 74 |
| Exchange loss (gain) on convertible bondsRMB thousand | 72,695 | (17,702) | PDF p. 74 |
| Fair value gain on convertible bondsRMB thousand | (150,656) | (486,212) | PDF p. 74 |
| Operating cash flows before working capital movementsRMB thousand | 578,080 | 441,230 | PDF p. 74 |
| Trade receivablesRMB thousand | (216,911) | (574,384) | PDF p. 74 |
| Other receivables and prepaymentsRMB thousand | 11,541 | (247,484) | PDF p. 74 |
| Financial assets at FVTOCIRMB thousand | (47,916) | (66,470) | PDF p. 74 |
| InventoriesRMB thousand | (52,609) | (428,984) | PDF p. 74 |
| Trade payables, other payables and contract liabilitiesRMB thousand | 245,358 | 1,294,637 | PDF p. 74 |
| Cash generated from operationsRMB thousand | 517,543 | 418,545 | PDF p. 74 |
| Income tax paidRMB thousand | (69,581) | (83,033) | PDF p. 74 |
| Interest receivedRMB thousand | 3,377 | 4,982 | PDF p. 74 |
| Interest paidRMB thousand | (146,166) | (133,210) | PDF p. 74 |
| Net cash from operating activitiesRMB thousand | 305,173 | 207,284 | PDF p. 74 |
| Purchase of property, plant and equipmentRMB thousand | (61,321) | (93,486) | PDF p. 74 |
| Prepayment for BOT projectsRMB thousand | (56,716) | (36,120) | PDF p. 74 |
| Acquisition of intangible assetsRMB thousand | (474,979) | (853,690) | PDF p. 74 |
| Proceeds from disposal of subsidiariesRMB thousand | 571 | 1,455,140 | PDF p. 74 |
| Payment for expenses on disposal of subsidiariesRMB thousand | – | (52,070) | PDF p. 74 |
| Proceeds from disposal of right-of-use assetRMB thousand | – | 38,043 | PDF p. 74 |
| Acquisition of non-controlling interestRMB thousand | – | (1,502) | PDF p. 74 |
| Payment of deferred consideration for subsidiary acquisitionRMB thousand | (7,183) | (6,701) | PDF p. 74 |
| Acquisition of an associateRMB thousand | (31,476) | (6,800) | PDF p. 74 |
| Proceeds from disposal of property, plant and equipmentRMB thousand | 6,396 | 45,314 | PDF p. 74 |
| Net cash (used in) from investing activitiesRMB thousand | (624,708) | 488,128 | PDF p. 74 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 74 ↗
Consolidated Cash Flows — financing and cash reconciliation — as reported in FY2022 annual report
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group — restated; continuing and discontinued operations | Source |
|---|---|---|---|
| Consolidated Cash Flows — financing and cash reconciliation — as reported in FY2022 annual report | |||
| Proceeds from new borrowingsRMB thousand | 1,635,050 | 2,301,473 | PDF p. 75 |
| Pledged bank depositsRMB thousand | (64,952) | (14,329) | PDF p. 75 |
| Payment of dividendRMB thousand | – | (936,609) | PDF p. 75 |
| Dividend paid to non-controlling interest of a subsidiaryRMB thousand | – | (3,026) | PDF p. 75 |
| Repayment of borrowingsRMB thousand | (1,028,807) | (1,731,256) | PDF p. 75 |
| Repayments of lease liabilitiesRMB thousand | (1,465) | (1,888) | PDF p. 75 |
| Proceeds from exercise of share optionsRMB thousand | – | 2,962 | PDF p. 75 |
| Treasury shares re-issuedRMB thousand | – | 4,521 | PDF p. 75 |
| Interest paidRMB thousand | (33,612) | (453,311) | PDF p. 75 |
| Net cash from (used in) financing activitiesRMB thousand | 506,214 | (831,463) | PDF p. 75 |
| Net increase (decrease) in cash and cash equivalentsRMB thousand | 186,679 | (136,051) | PDF p. 75 |
| Cash and cash equivalents at beginning of yearRMB thousand | 398,399 | 534,491 | PDF p. 75 |
| Effects of foreign exchange rate changesRMB thousand | 190 | (41) | PDF p. 75 |
| Cash and cash equivalents at end of yearRMB thousand | 585,268 | 398,399 | PDF p. 75 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 75 ↗
Unpaid intangible acquisition and cash reconciliation — NoteB as reported in FY2023
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Unpaid intangible acquisition and cash reconciliation — NoteB as reported in FY2023 | |||
| Acquisition unpaid at beginning of yearRMB thousand | 376,098 | 287,177 | PDF p. 73 |
| Additions during yearRMB thousand | 136,609 | 634,848 | PDF p. 73 |
| Less: transferred from prepayment for BOT projectsRMB thousand | – | (70,948) | PDF p. 73 |
| Less: cash outflows during yearRMB thousand | (343,984) | (474,979) | PDF p. 73 |
| Acquisition unpaid at end of yearRMB thousand | 168,723 | 376,098 | PDF p. 73 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 73 ↗
Unpaid intangible acquisition and cash reconciliation — NoteB as reported in FY2022
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group — reclassified as disclosed in FY2022 annual report | Source |
|---|---|---|---|
| Unpaid intangible acquisition and cash reconciliation — NoteB as reported in FY2022 | |||
| Acquisition unpaid at beginning of yearRMB thousand | 287,177 | 117,236 | PDF p. 76 |
| Additions during yearRMB thousand | 634,848 | 1,023,631 | PDF p. 76 |
| Less: transferred from prepayment for BOT projectsRMB thousand | (70,984) | – | PDF p. 76 |
| Less: cash outflows during yearRMB thousand | (474,979) | (853,690) | PDF p. 76 |
| Acquisition unpaid at end of yearRMB thousand | 376,098 | 287,177 | PDF p. 76 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 76 ↗
Basic and diluted EPS calculation — Note33
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Basic and diluted EPS calculation — Note33 | |||
| Profit attributable to equity holders of the CompanyRMB thousand | 312,886 | 119,437 | PDF p. 130 |
| Adjustment for assumed conversionRMB thousand | 30,809 | – | PDF p. 130 |
| Earnings for diluted EPS — total after assumed conversionRMB thousand | 343,695 | 119,437 | PDF p. 130 |
| Number of shares: Weighted average number of ordinary shares for the purposes of basic earnings per share (’000)thousand shares | 796,575 | 795,686 | PDF p. 130 |
| Effect of dilutive potential ordinary shares from convertible bonds (’000)thousand shares | 294,200 | – | PDF p. 130 |
| Weighted average number of ordinary shares for the purposes of diluted earnings per share (’000)thousand shares | 1,090,775 | 795,686 | PDF p. 130 |
| Basic earnings per share (RMB cents)RMB cents | 39.28 | 15.01 | PDF p. 130 |
| Diluted earnings per share (RMB cents)RMB cents | 31.51 | 15.01 | PDF p. 130 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 130 ↗
CB1 carrying-value reconciliation — Note21
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| CB1 carrying-value reconciliation — Note21 | |||
| Nominal value of CB issuedRMB thousand | – | 757,856 | PDF p. 122 |
| Less: Transaction costsRMB thousand | – | (26,342) | PDF p. 122 |
| Net value of CB issuedRMB thousand | – | 731,514 | PDF p. 122 |
| Foreign exchange lossRMB thousand | – | 54,934 | PDF p. 122 |
| Cumulative interest accrued (Note 30)RMB thousand | – | 679,425 | PDF p. 122 |
| Cumulative fair value gain on CBRMB thousand | – | (404,025) | PDF p. 122 |
| TotalRMB thousand | – | 1,061,848 | PDF p. 122 |
| Less: Interest payables included in accruals (Note 19)RMB thousand | – | (20,298) | PDF p. 122 |
| Less: Interest paid to bondholdersRMB thousand | – | (120,527) | PDF p. 122 |
| Balance at end of yearRMB thousand | – | 921,023 | PDF p. 122 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 122 ↗
CB2 carrying-value reconciliation — Note21
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| CB2 carrying-value reconciliation — Note21 | |||
| Nominal value of CB issuedRMB thousand | – | 138,285 | PDF p. 122 |
| Less: Transaction costsRMB thousand | – | (15,000) | PDF p. 122 |
| Net value of CB issuedRMB thousand | – | 123,285 | PDF p. 122 |
| Foreign exchange lossRMB thousand | – | 8,908 | PDF p. 122 |
| Cumulative interest accrued (Note 30)RMB thousand | – | 86,195 | PDF p. 122 |
| Cumulative fair value gain on CBRMB thousand | – | (38,872) | PDF p. 122 |
| TotalRMB thousand | – | 179,516 | PDF p. 122 |
| Less: Interest payables included in accruals (Note 19)RMB thousand | – | (3,552) | PDF p. 122 |
| Less: Interest paid to bondholdersRMB thousand | – | (16,676) | PDF p. 122 |
| Balance at end of yearRMB thousand | – | 159,288 | PDF p. 122 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 122 ↗
Convertible-bond rights issue carrying-value reconciliation — Note21
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Convertible-bond rights issue carrying-value reconciliation — Note21 | |||
| Nominal value of CB issuedRMB thousand | 539,963 | – | PDF p. 122 |
| Less: Transaction costsRMB thousand | (5,748) | – | PDF p. 122 |
| Less: Equity componentsRMB thousand | (806) | – | PDF p. 122 |
| Net value of CB issuedRMB thousand | 533,409 | – | PDF p. 122 |
| Foreign exchange lossRMB thousand | 1,343 | – | PDF p. 122 |
| Cumulative interest accrued (Note 30)RMB thousand | 29,466 | – | PDF p. 122 |
| TotalRMB thousand | 564,218 | – | PDF p. 122 |
| Less: Interest payables included in accruals (Note 19)RMB thousand | (9,171) | – | PDF p. 122 |
| Less: Interest paid to bondholdersRMB thousand | (19,159) | – | PDF p. 122 |
| Less: Converted into sharesRMB thousand | (4,207) | – | PDF p. 122 |
| Balance at end of yearRMB thousand | 531,681 | – | PDF p. 122 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 122 ↗
Where the money comes from
Segment information
By geography
Geographical information: revenue from external customer and non-current assets by geographical location 1 lines
| Item / unit | 2025Revenue from external customer (RMB'000) | 2024Revenue from external customer (RMB'000) | 2025Non-current assets (RMB'000) | 2024Non-current assets (RMB'000) | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| PRCRMB'000 | 3,336,654 | 3,505,184 | 5,320,866 | 5,449,470 | PDF p. 131 |
Notes
Non-current assets exclude investments in associate, financial assets at fair value through other comprehensive income, deferred tax assets, commitment fee and "other" financial assets.
Green investments (GI) is the only business segment at end of reporting period; no segment-level table is printed. No single customer contributes 10% or more of revenue in 2025 and 2024.
Debt
Borrowings
Lease liabilities maturity analysis
| Item / unit | 2025RMB'000 | 2024RMB'000 | Source |
|---|---|---|---|
| Maturity analysis | |||
| Year 1RMB'000 | 1,179 | 1,357 | PDF p. 123 |
| Year 2RMB'000 | 1,367 | 452 | PDF p. 123 |
| Year 3RMB'000 | 1,128 | - | PDF p. 123 |
| Less: Future interest paymentsRMB'000 | (163) | (72) | PDF p. 123 |
| Analysed as | |||
| CurrentRMB'000 | 1,093 | 1,293 | PDF p. 123 |
| Non-CurrentRMB'000 | 2,418 | 444 | PDF p. 123 |
Notes
The Group does not face a significant liquidity risk with regard to its lease liabilities. Unlabelled subtotal rows (3,674 / 1,809) omitted.
Borrowing notes 4 tables
Borrowings by type and presentation
| Item / unit | 2025RMB'000 | 2024RMB'000 | Source |
|---|---|---|---|
| Borrowings by type | |||
| Bank loansRMB'000 | 2,667,270 | 2,845,706 | PDF p. 119 |
| Borrowings arising from sales and leaseback transactionsRMB'000 | 742,312 | 817,066 | PDF p. 119 |
| Presentation in statement of financial position | |||
| Current liabilities payable within one yearRMB'000 | 1,739,448 | 1,653,812 | PDF p. 119 |
| Non-current liabilitiesRMB'000 | 1,670,134 | 2,008,960 | PDF p. 119 |
| TotalRMB'000 | 3,409,582 | 3,662,772 | PDF p. 119 |
Notes
Bank loans bear effective interest rate of 2.30% to 4.30% (2024 : 2.30% to 8.00%) per annum.
Borrowings arising from sale and leaseback transactions bear effective interest rate of 3.95% to 6.07% (2024 : 3.95% to 6.67%) per annum.
Bank loans: secured and unsecured
| Item / unit | 2025RMB'000 | 2024RMB'000 | Source |
|---|---|---|---|
| Bank loans | |||
| UnsecuredRMB'000 | – | 10,000 | PDF p. 119 |
| Secured by building, land use rights, and service concession arrangement and equipment of the subsidiary, and guaranteed the CompanyRMB'000 | 272,769 | 356,098 | PDF p. 119 |
| Secured by building and land use rights of the subsidiary and guaranteed by other subsidiariesRMB'000 | 1,110,075 | 1,131,585 | PDF p. 119 |
| Secured by service concession arrangement of the subsidiary and guaranteed by other subsidiariesRMB'000 | 658,803 | 969,953 | PDF p. 119 |
| Guaranteed by another subsidiaryRMB'000 | 1,367,935 | 1,195,136 | PDF p. 119 |
| TotalRMB'000 | 3,409,582 | 3,662,772 | PDF p. 119 |
Notes
Total of 3,409,582 / 3,662,772 as printed in this table equals total borrowings including sale and leaseback.
Convertible bonds
| Item / unit | 2025RMB'000 | 2024RMB'000 | Source |
|---|---|---|---|
| Convertible bonds | |||
| Debt host liability component, at amortised costRMB'000 | 531,681 | 1,080,311 | PDF p. 120 |
| Equity component, conversion optionRMB'000 | 806 | – | PDF p. 120 |
Notes
Effective interest rate 7.23% (2024 : 6.91% to 10.06%) per annum on liability component (page 122). Rights Issue of CB has 7% coupon, matures 5 years from issue date (April 3, 2025); denominated in S$ (S$99.46 million gross proceeds). Former CB1/CB2 were US$ denominated.
Reconciliation of liabilities arising from financing activities (closing balances)
| Item / unit | 2025Group, December 31, 2025, RMB'000 | Source |
|---|---|---|
| Reconciliation 2025 | ||
| Borrowings (Note 20)RMB'000 | 3,409,582 | PDF p. 120 |
| Convertible bonds (Note 21)RMB'000 | 531,681 | PDF p. 120 |
| Lease liabilities (Note 22)RMB'000 | 3,511 | PDF p. 120 |
Notes
Only closing December 31, 2025 value shown; full row has opening, financing cash flows, FX, other changes. 2024 closing values: Borrowings 3,662,772; Convertible bonds 1,080,311; Lease liabilities 1,737 (same page).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| The Group does not have a fixed dividend policy at present. | The Group does not have a fixed dividend policy at present. With the exception of the financial year ended 31 December 2023, 2024 and 2025, the Company has distributed dividends every year since the financial year ended 31 December 2010. | Group/Company | PDF p. 47 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 34 DIVIDENDS | There was no dividend declared or paid in 2024 and 2025. | Group, FY2025 and FY2024 | PDF p. 130 |
Extracted from Sunpower Group Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | Deloitte & Touche LLP | Group and Company, FY2025 | PDF p. 57 |
| Engagement partner | Mr. Toh Yew Kuan Jeremy | Group and Company, FY2025 | PDF p. 57 |
| Opinion | properly drawn up in accordance with Singapore Financial Reporting Standards (International) | Group and Company, FY2025 | PDF p. 54 |
Extracted from Sunpower Group Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Sunpower Group Ltd. Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Amounts are RMB thousands, EPS is RMB cents and share denominators are thousand shares. FY 2021–2025 figures follow their linked FY 2025, FY 2023 and FY 2022 originals; FY 2024 figures are FY 2025 comparisons. FY 2021 Group comparisons are restated where marked; Company figures are not, and cash NoteB is reclassified.
FY 2021 income rows distinguish continuing from discontinued operations; cash-flow PBT includes both. Group equity owners subtotals are separate from reserve components. Company FY 2025 Total 282,848 includes profit 278,154 and owner movements 4,694. Cash excludes separately pledged deposits. Note 34 reports no dividends in 2024/2025; Group payments to non-controlling interests 6,900/2,000 remain separate. Rights-issue proceeds 539,963 are convertible-bond proceeds.
Source differences are preserved: FY 2022 cash NoteB BOT transfer 70,984 versus 70,948 in the later comparison differs by 36, affecting the printed unpaid-acquisition rollforward. No bridge is disclosed between FY 2023 closing unpaid 168,723 and FY 2024 opening 142,869. Acquisition equity 27,463 and cash 11,576 retain their original bases; their difference is not treated as a deferred payment.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.