Sungrow Power Supply Co., Ltd. (SUNGROW) cash flow statement

SHZ · Industrials · Electrical Equipment & Parts · 19,006 employees · CEO Ren Xian Cao

Price: CN¥71.54 +9.57%
Market cap: CN¥148B
Enterprise value: CN¥151B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-27

In Q3 '26 Sungrow Power Supply Co., Ltd. (SUNGROW) generated -CN¥16M of operating cash flow, invested CN¥863M in capital expenditure and kept -CN¥879M of free cash flow. Over the last four quarters free cash flow was CN¥7.87B.

Cash flow

Cash flow	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Operating
Net income	CN¥2.22B	CN¥2.1B	CN¥2.86B	CN¥2.64B	CN¥3.44B	CN¥3.83B	CN¥3.91B	CN¥4.15B	CN¥0	CN¥2.29B	CN¥2.97B	CN¥1.34B
Depreciation & amortization	CN¥195M	CN¥189M	CN¥189M	CN¥244M	CN¥244M	CN¥268M	CN¥268M	CN¥337M	CN¥0	CN¥0	CN¥347M	CN¥0
Stock-based compensation	CN¥182M	CN¥0	CN¥198M	-CN¥198M	CN¥437M	CN¥0	CN¥198M	-CN¥198M	CN¥0	CN¥0	CN¥0	CN¥0
Change in working capital	-CN¥16.5B	CN¥0	-CN¥8.82B	CN¥8.82B	-CN¥17.4B	CN¥0	-CN¥5.08B	CN¥5.08B	CN¥0	CN¥0	-CN¥6.14B	CN¥0
Other non-cash items	CN¥16.4B	-CN¥2.77B	CN¥3.45B	-CN¥8.1B	CN¥24.6B	-CN¥2.3B	CN¥2.35B	-CN¥2.89B	CN¥7B	-CN¥952M	CN¥5.35B	-CN¥1.36B
Operating cash flow	CN¥2.43B	-CN¥488M	-CN¥2.12B	CN¥3.41B	CN¥11.3B	CN¥1.79B	CN¥1.64B	CN¥6.48B	CN¥7B	CN¥1.34B	CN¥2.53B	-CN¥16M
Investing
Capital expenditure	-CN¥643M	-CN¥478M	-CN¥691M	-CN¥866M	-CN¥751M	-CN¥855M	-CN¥607M	-CN¥597M	-CN¥949M	-CN¥654M	-CN¥520M	-CN¥863M
Acquisitions	CN¥6.35M	CN¥0	CN¥0	CN¥138K	CN¥0	CN¥0	CN¥0	CN¥201M	CN¥112M	CN¥17.3M	CN¥0	CN¥213M
Purchases of investments	-CN¥4.93B	-CN¥2.38B	-CN¥19B	-CN¥25.4B	-CN¥31.2B	-CN¥16B	-CN¥21.7B	-CN¥16.8B	-CN¥25.6B	-CN¥9.6B	CN¥0	-CN¥12.6B
Sales / maturities of investments	CN¥8.6B	CN¥2.49B	CN¥18.4B	CN¥23.2B	CN¥25.9B	CN¥20.6B	CN¥19.6B	CN¥16.5B	CN¥23B	CN¥16.3B	CN¥0	CN¥10.6B
Other investing	CN¥138M	CN¥164K	CN¥1.14M	CN¥0	-CN¥161M	-CN¥4.71M	-CN¥53.8M	-CN¥76.2M	CN¥9.18M	-CN¥6.87M	CN¥367M	-CN¥10.9M
Investing cash flow	CN¥3.17B	-CN¥365M	-CN¥1.24B	-CN¥3B	-CN¥6.25B	CN¥3.71B	-CN¥2.77B	-CN¥768M	-CN¥3.45B	CN¥6.09B	-CN¥154M	-CN¥2.73B
Financing
Net debt issued / repaid	CN¥2.26B	CN¥835M	CN¥2.32B	CN¥1.45B	-CN¥2.61B	CN¥1.41B	-CN¥2.96B	CN¥1.29B	-CN¥2.45B	-CN¥231M	CN¥542M	CN¥586M
Share buybacks	-CN¥980M	CN¥0	-CN¥16.6M	-CN¥53.1M	-CN¥518M	CN¥0	-CN¥300M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Dividends	-CN¥93.5M	-CN¥62.7M	-CN¥1.51B	-CN¥83M	-CN¥84.5M	-CN¥52.8M	-CN¥2.28B	-CN¥51.6M	-CN¥2.01B	-CN¥26.5M	-CN¥1.45B	CN¥0
Other financing (incl. tax on vested shares)	-CN¥19.8M	CN¥696M	CN¥634M	-CN¥627M	-CN¥117M	-CN¥1.29B	CN¥1.25B	-CN¥2.48B	CN¥626M	CN¥625M	CN¥96M	-CN¥1.86B
Financing cash flow	CN¥1.17B	CN¥1.47B	CN¥1.43B	CN¥688M	-CN¥3.33B	CN¥66.8M	-CN¥4.29B	-CN¥1.25B	-CN¥3.83B	CN¥368M	-CN¥813M	-CN¥1.28B
Summary
FX effect on cash	CN¥36.6M	-CN¥14.2M	CN¥19M	-CN¥37.5M	CN¥8.85M	CN¥21.3M	CN¥11.5M	-CN¥34.8M	-CN¥70.2M	-CN¥582M	-CN¥274M	-CN¥166M
Net change in cash	CN¥6.81B	CN¥601M	-CN¥1.9B	CN¥1.05B	CN¥1.69B	CN¥5.59B	-CN¥5.4B	CN¥4.43B	-CN¥344M	CN¥7.21B	CN¥1.29B	-CN¥4.18B
Free cash flow (OCF - capex)	CN¥1.79B	-CN¥965M	-CN¥2.81B	CN¥2.54B	CN¥10.5B	CN¥936M	CN¥1.04B	CN¥5.88B	CN¥6.06B	CN¥685M	CN¥2.01B	-CN¥879M

Cash flow	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Operating
Net income	CN¥554M	CN¥1.02B	CN¥810M	CN¥893M	CN¥1.95B	CN¥1.58B	CN¥3.59B	CN¥9.44B	CN¥11B	CN¥13.5B
Depreciation & amortization	CN¥55.6M	CN¥127M	CN¥147M	CN¥226M	CN¥243M	CN¥347M	CN¥468M	CN¥678M	CN¥865M	CN¥1.16B
Stock-based compensation	CN¥6.42M	CN¥22.3M	CN¥33.7M	CN¥33.9M	CN¥26.7M	CN¥52.1M	CN¥127M	CN¥182M	CN¥437M	CN¥0
Change in working capital	-CN¥1.09B	-CN¥3.42B	-CN¥1.83B	-CN¥2.22B	-CN¥2.63B	-CN¥10.5B	-CN¥16.3B	-CN¥16.5B	-CN¥17.4B	-CN¥385M
Other non-cash items	CN¥1.34B	CN¥3.1B	CN¥1.02B	CN¥3.55B	CN¥3.49B	CN¥6.91B	CN¥13.3B	CN¥13.2B	CN¥17.2B	CN¥2.61B
Operating cash flow	CN¥866M	CN¥855M	CN¥181M	CN¥2.48B	CN¥3.09B	-CN¥1.64B	CN¥1.21B	CN¥6.98B	CN¥12.1B	CN¥16.9B
Investing
Capital expenditure	-CN¥1.36B	-CN¥356M	-CN¥840M	-CN¥683M	-CN¥961M	-CN¥1.67B	-CN¥1.53B	-CN¥2.74B	-CN¥2.79B	-CN¥3.01B
Acquisitions	CN¥2.9M	CN¥214K	-CN¥25.1M	-CN¥15.5M	-CN¥75.2M	CN¥3.81M	-CN¥80.4M	CN¥9.61M	-CN¥155M	CN¥67.4M
Purchases of investments	-CN¥118M	-CN¥466M	-CN¥446M	-CN¥2.03B	-CN¥245M	-CN¥6.6B	-CN¥12.8B	-CN¥24.6B	-CN¥77.9B	-CN¥80.2B
Sales / maturities of investments	CN¥15.1M	CN¥538M	CN¥706M	CN¥1.09B	CN¥1.16B	CN¥4.54B	CN¥14.7B	CN¥23.5B	CN¥70B	CN¥79.9B
Other investing	-CN¥1.46B	CN¥115M	CN¥50.2M	CN¥26.7M	CN¥7.95M	CN¥12.2M	CN¥89.7M	CN¥0	-CN¥4.9M	-CN¥19M
Investing cash flow	-CN¥2.92B	-CN¥170M	-CN¥555M	-CN¥1.6B	-CN¥114M	-CN¥3.71B	CN¥346M	-CN¥3.82B	-CN¥10.9B	-CN¥3.27B
Financing
Net debt issued / repaid	CN¥493M	CN¥411M	CN¥744M	CN¥132M	-CN¥58.9M	CN¥1.39B	CN¥3.36B	CN¥4.67B	CN¥2B	-CN¥2.71B
Share buybacks	CN¥0	-CN¥2.55M	CN¥0	CN¥0	-CN¥7.02M	-CN¥2.35M	-CN¥521M	-CN¥980M	-CN¥518M	CN¥0
Dividends	-CN¥97.2M	-CN¥121M	-CN¥194M	-CN¥206M	-CN¥199M	-CN¥319M	-CN¥352M	-CN¥603M	-CN¥1.74B	-CN¥4.39B
Other financing (incl. tax on vested shares)	CN¥2.65B	CN¥256M	CN¥65.5M	CN¥54.4M	CN¥71.3M	CN¥4.11B	-CN¥743M	CN¥196M	CN¥516M	-CN¥2.19B
Financing cash flow	CN¥3.05B	CN¥544M	CN¥615M	-CN¥20.2M	-CN¥193M	CN¥5.18B	CN¥1.75B	CN¥3.28B	CN¥259M	-CN¥9.29B
Summary
FX effect on cash	CN¥235K	-CN¥6.06M	CN¥14.1M	CN¥8.7M	-CN¥69.3M	-CN¥19.5M	-CN¥60.7M	CN¥24.7M	-CN¥23.8M	-CN¥72.3M
Net change in cash	CN¥995M	CN¥1.22B	CN¥255M	CN¥864M	CN¥2.71B	-CN¥193M	CN¥3.24B	CN¥6.46B	CN¥1.45B	CN¥4.28B
Free cash flow (OCF - capex)	-CN¥491M	CN¥499M	-CN¥659M	CN¥1.8B	CN¥2.13B	-CN¥3.3B	-CN¥316M	CN¥4.24B	CN¥9.28B	CN¥13.9B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Share count and EPS

quarterly, diluted

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02