SHE:000403 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Jan '21 Jan 1, 2021
Operating Revenue	2,382	2,654	2,325	2,396	1,966	1,042
Other Revenue	1.05	1.05	3.27	9.59	5.27	7.44
Revenue	2,383	2,655	2,329	2,405	1,972	1,050
Revenue Growth (YoY)	-16.23%	14.00%	-3.18%	21.98%	87.80%	14.67%
Cost of Revenue	1,285	1,352	1,130	1,151	1,064	537.36
Gross Profit	1,098	1,303	1,199	1,254	907.93	512.58
Selling, General & Admin	435.11	437.26	465.81	565.05	419	276.16
Research & Development	40.11	55.18	79.69	75.36	35.63	11
Other Operating Expenses	27.66	22.07	21.69	16.8	15.28	2.52
Operating Expenses	500.79	509.9	565.15	666.86	477.73	285.99
Operating Income	596.86	793.13	633.7	587.01	430.2	226.59
Interest Expense	-15.79	-10.67	-9.63	-12.03	-10.78	-19.31
Interest & Investment Income	60.5	78.01	75.08	68.22	62.3	18.31
Currency Exchange Gain (Loss)	0.13	0.13	-0.12	2.4	-0.21	-
Other Non Operating Income (Expenses)	19.28	0.03	0.64	-2.23	-3.44	-3.67
EBT Excluding Unusual Items	660.99	860.61	699.67	643.37	478.06	221.92
Impairment of Goodwill	-	-	-	-	-103.18	-
Gain (Loss) on Sale of Investments	11.17	6.38	-18.97	4.93	74.21	-
Gain (Loss) on Sale of Assets	-0.04	-0.12	-0.54	0.44	0.27	0.02
Asset Writedown	-4.68	-3.46	-1.29	-3.59	-0.49	-5.27
Legal Settlements	-	-	-	-	-2.14	-
Other Unusual Items	-27.49	-10.87	9.25	15.24	11.28	0.52
Pretax Income	640.17	852.78	688.11	660.39	458.01	217.19
Income Tax Expense	80.39	107.74	76.64	72.7	66.47	34.51
Earnings From Continuing Operations	559.78	745.04	611.47	587.69	391.54	182.68
Minority Interest in Earnings	-0.01	0.28	0.64	-0.56	-0.48	3.28
Net Income	559.77	745.32	612.11	587.13	391.06	185.97
Net Income to Common	559.77	745.32	612.11	587.13	391.06	185.97
Net Income Growth	-32.45%	21.76%	4.25%	50.14%	110.29%	15.90%
Shares Outstanding (Basic)	941	950	947	950	917	637
Shares Outstanding (Diluted)	941	950	947	950	919	637
Shares Change (YoY)	-0.80%	0.28%	-0.33%	3.38%	44.25%	0.21%
EPS (Basic)	0.60	0.78	0.65	0.62	0.43	0.29
EPS (Diluted)	0.60	0.78	0.65	0.62	0.43	0.29
EPS Growth	-31.91%	21.42%	4.60%	45.23%	45.78%	15.66%
Free Cash Flow	-477.22	-198.92	301.74	145.58	82.06	154.66
Free Cash Flow Per Share	-0.51	-0.21	0.32	0.15	0.09	0.24
Dividend Per Share	0.269	0.385	0.154	0.062	0.043	-
Dividend Growth	-	150.06%	149.27%	43.16%	-	-
Gross Margin	46.07%	49.08%	51.48%	52.13%	46.05%	48.82%
Operating Margin	25.05%	29.88%	27.21%	24.41%	21.82%	21.58%
Profit Margin	23.49%	28.08%	26.28%	24.41%	19.83%	17.71%
Free Cash Flow Margin	-20.03%	-7.49%	12.96%	6.05%	4.16%	14.73%
EBITDA	705.51	913.93	770.71	704.63	538.01	273.96
EBITDA Margin	29.61%	34.43%	33.10%	29.30%	27.29%	26.09%
D&A For EBITDA	108.64	120.8	137.02	117.62	107.82	47.37
EBIT	596.86	793.13	633.7	587.01	430.2	226.59
EBIT Margin	25.05%	29.88%	27.21%	24.41%	21.82%	21.58%
Effective Tax Rate	12.56%	12.63%	11.14%	11.01%	14.51%	15.89%
Revenue as Reported	2,383	2,655	2,329	2,405	1,972	1,050

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.