SHE:002125 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	1,901	1,882	2,128	1,928	1,410	1,096
Other Revenue	30.39	30.39	35.15	171.99	461.19	138.57
Revenue	1,931	1,912	2,163	2,100	1,872	1,234
Revenue Growth (YoY)	-1.11%	-11.60%	3.01%	12.22%	51.64%	1.99%
Cost of Revenue	1,523	1,405	1,706	1,559	1,506	992.76
Gross Profit	407.94	507.81	457.58	540.91	365.92	241.41
Selling, General & Admin	138.65	131.46	115.57	166.5	100.26	115.45
Research & Development	90.59	70.37	63.18	58.71	32.39	17.54
Other Operating Expenses	17.32	16.24	11.93	15.48	17.53	8.12
Operating Expenses	218.54	181.71	153.77	320.65	181.5	144.85
Operating Income	189.4	326.1	303.8	220.25	184.42	96.56
Interest Expense	-37.12	-38.19	-51.29	-60.6	-64.91	-77.79
Interest & Investment Income	77.89	54.5	105.5	253.21	105.25	8.91
Currency Exchange Gain (Loss)	4.06	4.06	3	13.7	-4.95	-5.21
Other Non Operating Income (Expenses)	4.35	-0.21	-0.3	-2.94	-3.09	-1.94
EBT Excluding Unusual Items	238.57	346.25	360.72	423.63	216.7	20.52
Gain (Loss) on Sale of Assets	0.11	0.12	19.41	-0.01	187.09	-0.08
Asset Writedown	12.09	6.91	0.22	-5.41	-119.66	-1.51
Other Unusual Items	2.65	2.65	5.7	9.4	6.51	6.31
Pretax Income	253.43	355.94	386.04	427.61	290.65	25.23
Income Tax Expense	39.71	50.91	45.79	24.1	36.11	0.64
Earnings From Continuing Operations	213.71	305.03	340.25	403.51	254.53	24.59
Minority Interest in Earnings	14.47	9.98	12.08	-9.29	-16.77	0.7
Net Income	228.18	315.01	352.33	394.22	237.76	25.3
Net Income to Common	228.18	315.01	352.33	394.22	237.76	25.3
Net Income Growth	-36.24%	-10.59%	-10.63%	65.81%	839.82%	-62.79%
Shares Outstanding (Basic)	632	630	629	626	626	632
Shares Outstanding (Diluted)	632	630	629	626	626	632
Shares Change (YoY)	0.76%	0.14%	0.55%	0.01%	-1.07%	11.63%
EPS (Basic)	0.36	0.50	0.56	0.63	0.38	0.04
EPS (Diluted)	0.36	0.50	0.56	0.63	0.38	0.04
EPS Growth	-36.72%	-10.71%	-11.11%	65.79%	850.00%	-66.67%
Free Cash Flow	190.07	286.18	295.33	55.53	-159.93	-188.1
Free Cash Flow Per Share	0.30	0.45	0.47	0.09	-0.26	-0.30
Dividend Per Share	0.160	0.160	0.168	0.126	0.050	0.020
Dividend Growth	-4.76%	-4.76%	33.33%	152.00%	150.00%	-
Gross Margin	21.12%	26.55%	21.15%	25.75%	19.55%	19.56%
Operating Margin	9.81%	17.05%	14.04%	10.49%	9.85%	7.82%
Profit Margin	11.82%	16.47%	16.29%	18.77%	12.70%	2.05%
Free Cash Flow Margin	9.84%	14.96%	13.65%	2.64%	-8.55%	-15.24%
EBITDA	390.89	525.22	499.77	391.28	339.19	248.47
EBITDA Margin	20.24%	27.46%	23.10%	18.63%	18.12%	20.13%
D&A For EBITDA	201.49	199.12	195.97	171.03	154.77	151.92
EBIT	189.4	326.1	303.8	220.25	184.42	96.56
EBIT Margin	9.81%	17.05%	14.04%	10.49%	9.85%	7.82%
Effective Tax Rate	15.67%	14.30%	11.86%	5.64%	12.43%	2.53%
Revenue as Reported	1,931	1,912	2,163	2,100	1,872	1,234

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