SHE:001380 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	2,025	1,847	1,233	879.33	706.97	523.42
Other Revenue	13.3	13.3	10.45	10.89	10.8	5.29
Revenue	2,038	1,860	1,243	890.23	717.78	528.71
Revenue Growth (YoY)	24.95%	49.66%	39.63%	24.03%	35.76%	27.33%
Cost of Revenue	1,485	1,397	915.53	682.52	566.68	376.38
Gross Profit	552.94	463.9	327.52	207.71	151.1	152.33
Selling, General & Admin	123.71	107.82	73.08	51.26	46.37	36.1
Research & Development	106.99	89.68	61.67	40.74	31.6	25.92
Other Operating Expenses	4.75	-3.18	-0.69	5.05	5.23	3.79
Operating Expenses	242.64	222.51	154.38	98.95	85.15	69.78
Operating Income	310.3	241.39	173.14	108.75	65.95	82.56
Interest Expense	-2.09	-3.09	-4.25	-1.78	-4	-3.19
Interest & Investment Income	8.81	13.34	6.93	0.49	0.18	0.22
Currency Exchange Gain (Loss)	0.93	0.93	1.88	7.54	3.58	-3.06
Other Non Operating Income (Expenses)	1.31	-0.8	-1.07	-0.38	-0.42	-0.2
EBT Excluding Unusual Items	319.26	251.77	176.63	114.63	65.28	76.33
Gain (Loss) on Sale of Investments	1.35	1.52	1.55	-1.88	-0.5	-0.16
Gain (Loss) on Sale of Assets	0.41	0.47	-0.01	-0.07	0.24	0.11
Asset Writedown	-7.5	-0.39	-0.49	-	-	-
Other Unusual Items	7.7	7.7	9.05	9.46	4.18	4.7
Pretax Income	321.22	261.07	186.73	122.13	69.2	80.98
Income Tax Expense	35.94	27.02	19.26	9.8	5.88	10.48
Earnings From Continuing Operations	285.28	234.05	167.47	112.33	63.32	70.5
Minority Interest in Earnings	-7.8	-7.63	-3.4	0.36	-1.42	2.45
Net Income	277.48	226.42	164.07	112.69	61.9	72.94
Net Income to Common	277.48	226.42	164.07	112.69	61.9	72.94
Net Income Growth	33.49%	38.00%	45.59%	82.07%	-15.15%	63.76%
Shares Outstanding (Basic)	270	270	243	202	203	203
Shares Outstanding (Diluted)	270	270	243	202	203	203
Shares Change (YoY)	-0.13%	11.30%	19.95%	-0.35%	-	-0.17%
EPS (Basic)	1.03	0.84	0.68	0.56	0.30	0.36
EPS (Diluted)	1.03	0.84	0.68	0.56	0.30	0.36
EPS Growth	33.66%	23.99%	21.38%	82.82%	-14.68%	63.04%
Free Cash Flow	-96.07	-379.18	-183.77	38.76	13.78	14.89
Free Cash Flow Per Share	-0.35	-1.40	-0.76	0.19	0.07	0.07
Dividend Per Share	0.203	0.203	0.271	-	0.095	0.095
Dividend Growth	42.05%	-25.26%	-	-	-	-
Gross Margin	27.13%	24.94%	26.35%	23.33%	21.05%	28.81%
Operating Margin	15.22%	12.97%	13.93%	12.22%	9.19%	15.62%
Profit Margin	13.61%	12.17%	13.20%	12.66%	8.62%	13.80%
Free Cash Flow Margin	-4.71%	-20.38%	-14.78%	4.35%	1.92%	2.82%
EBITDA	371.3	291.32	208.3	139.8	94.59	108.9
EBITDA Margin	18.22%	15.66%	16.76%	15.70%	13.18%	20.60%
D&A For EBITDA	61	49.93	35.16	31.05	28.65	26.34
EBIT	310.3	241.39	173.14	108.75	65.95	82.56
EBIT Margin	15.22%	12.97%	13.93%	12.22%	9.19%	15.62%
Effective Tax Rate	11.19%	10.35%	10.32%	8.02%	8.50%	12.94%
Revenue as Reported	2,038	1,860	1,243	890.23	717.78	528.71

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