SHE:001205 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,442	1,494	1,259	867.81	612.64	478.17
Other Revenue	5.9	5.9	2.25	0.38	0.07	1.85
Revenue	1,448	1,500	1,261	868.19	612.71	480.02
Revenue Growth (YoY)	-4.37%	18.88%	45.30%	41.70%	27.64%	25.54%
Cost of Revenue	1,125	1,117	865.39	548.25	394.51	280.57
Gross Profit	323.42	382.95	396.1	319.94	218.2	199.45
Selling, General & Admin	97.15	95.45	73.68	61.96	36.26	28.72
Research & Development	38.21	36.84	31.88	27.44	24.12	18.82
Other Operating Expenses	4.35	4.37	1.18	1.42	2.09	0.76
Operating Expenses	143.35	136.29	102.59	94.44	63.22	49.59
Operating Income	180.07	246.66	293.51	225.5	154.98	149.86
Interest Expense	-89.43	-95.73	-71.49	-30.75	-14.87	-20.73
Interest & Investment Income	6.53	25.54	1.4	4.35	5.05	0.3
Currency Exchange Gain (Loss)	4.81	4.81	1.83	0.01	-0.01	-0.01
Other Non Operating Income (Expenses)	-0.62	-0.49	-0.57	-0.07	-0.38	0.29
EBT Excluding Unusual Items	101.37	180.79	224.69	199.05	144.77	129.71
Gain (Loss) on Sale of Investments	0.16	4.26	-2.67	-	0.53	-
Gain (Loss) on Sale of Assets	5.57	12.07	5.28	0.07	1.12	-
Asset Writedown	0.6	0.07	0.16	-	-	-
Other Unusual Items	0.17	0.07	1.84	1.7	4.32	0.09
Pretax Income	107.86	197.25	229.29	200.82	150.74	129.8
Income Tax Expense	28.75	32.84	30.64	28.02	20.78	17.98
Earnings From Continuing Operations	79.11	164.41	198.65	172.8	129.96	111.82
Minority Interest in Earnings	-3.43	-27.26	-16.59	-3.72	-	-
Net Income	75.68	137.15	182.06	169.08	129.96	111.82
Net Income to Common	75.68	137.15	182.06	169.08	129.96	111.82
Net Income Growth	-62.21%	-24.67%	7.68%	30.10%	16.23%	85.27%
Shares Outstanding (Basic)	188	173	169	169	151	126
Shares Outstanding (Diluted)	188	174	169	169	151	126
Shares Change (YoY)	-6.93%	3.05%	0.08%	11.78%	19.45%	7.48%
EPS (Basic)	0.40	0.79	1.08	1.00	0.86	0.89
EPS (Diluted)	0.40	0.79	1.08	1.00	0.86	0.89
EPS Growth	-59.40%	-26.90%	7.59%	16.39%	-2.70%	72.38%
Free Cash Flow	113.75	-80.75	-733.58	-450.89	-357.99	73.07
Free Cash Flow Per Share	0.61	-0.46	-4.35	-2.67	-2.37	0.58
Dividend Per Share	0.120	0.120	0.120	0.100	0.093	-
Dividend Growth	-	-	20.00%	7.64%	-	-
Gross Margin	22.33%	25.54%	31.40%	36.85%	35.61%	41.55%
Operating Margin	12.43%	16.45%	23.27%	25.97%	25.29%	31.22%
Profit Margin	5.22%	9.15%	14.43%	19.48%	21.21%	23.29%
Free Cash Flow Margin	7.85%	-5.38%	-58.15%	-51.93%	-58.43%	15.22%
EBITDA	412.89	440.71	435.86	317.11	211.81	204.11
EBITDA Margin	28.51%	29.39%	34.55%	36.52%	34.57%	42.52%
D&A For EBITDA	232.82	194.05	142.35	91.61	56.83	54.25
EBIT	180.07	246.66	293.51	225.5	154.98	149.86
EBIT Margin	12.43%	16.45%	23.27%	25.97%	25.29%	31.22%
Effective Tax Rate	26.66%	16.65%	13.36%	13.95%	13.79%	13.86%
Revenue as Reported	1,448	1,500	1,261	868.19	612.71	480.02
Advertising Expenses	-	0.1	0.54	0.09	2.67	-

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