Sungrow Power Supply: Net profit expected to grow by 21.97% year-over-year in 2025, proposing a dividend of 6.9 RMB per 10 shares.

People’s Finance and Economics, March 31, reported that Sunshine Power (300274) disclosed its annual report on March 31. In 2025, it achieved operating revenue of 89.184 billion yuan, up 14.55% year over year; net profit attributable to shareholders of 13.461 billion yuan, up 21.97% year over year; and basic earnings per share of 6.55 yuan. The company plans to distribute a cash dividend of 6.9 yuan for every 10 shares (tax included). During the reporting period, the company’s operating revenue increased 14.55% year over year; operating costs increased 11.46% year over year; gross margin was 31.83%, up 1.89% year over year. This was mainly due to factors such as the company’s brand premium, product innovation, and scale effects; net profit attributable to shareholders increased 21.97% year over year. Selling expenses increased 28.49% year over year, mainly because, to meet the needs of the company’s continuous expansion of scale and the ongoing deepening of its globalized layout, investments in costs such as personnel were increased.