SHE:001365 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	12,523	11,549	8,215
Revenue Growth (YoY)	8.44%	40.58%	-
Cost of Revenue	10,749	9,830	6,956
Gross Profit	1,775	1,719	1,258
Selling, General & Admin	482.36	436.22	334.52
Research & Development	586.91	447.39	328.7
Other Operating Expenses	-6.2	55.39	39.88
Operating Expenses	1,099	951	845.69
Operating Income	675.73	768.12	412.68
Interest Expense	-46.63	-58.6	-56.52
Interest & Investment Income	26.81	19.71	14.41
Currency Exchange Gain (Loss)	3.1	5.7	12.77
Other Non Operating Income (Expenses)	-1.84	-2.42	-3.28
EBT Excluding Unusual Items	657.16	732.51	380.06
Gain (Loss) on Sale of Assets	1.56	0.97	1.11
Asset Writedown	-3.02	-0.12	-1.68
Other Unusual Items	31.45	48.11	35.17
Pretax Income	687.15	781.48	414.67
Income Tax Expense	71.57	97.67	4.38
Earnings From Continuing Operations	615.58	683.81	410.28
Minority Interest in Earnings	-1.17	-31.35	-8.4
Net Income	614.41	652.45	401.88
Net Income to Common	614.41	652.45	401.88
Net Income Growth	-5.83%	62.35%	-
Shares Outstanding (Basic)	446	400	400
Shares Outstanding (Diluted)	446	400	400
Shares Change (YoY)	11.50%	0.00%	-
EPS (Basic)	1.38	1.63	1.00
EPS (Diluted)	1.38	1.63	1.00
EPS Growth	-15.54%	62.35%	-
Free Cash Flow	-282.53	-29.3	-184.02
Free Cash Flow Per Share	-0.63	-0.07	-0.46
Dividend Per Share	0.400	-	-
Gross Margin	14.17%	14.89%	15.32%
Operating Margin	5.40%	6.65%	5.02%
Profit Margin	4.91%	5.65%	4.89%
Free Cash Flow Margin	-2.26%	-0.25%	-2.24%
EBITDA	881.66	915.46	542.51
EBITDA Margin	7.04%	7.93%	6.60%
D&A For EBITDA	205.93	147.34	129.83
EBIT	675.73	768.12	412.68
EBIT Margin	5.40%	6.65%	5.02%
Effective Tax Rate	10.42%	12.50%	1.06%
Revenue as Reported	12,523	11,549	8,215

Source: S&P Global Market Intelligence. Standard template. Financial Sources.