SHE:002361 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	Dec '20 Dec 31, 2020
Operating Revenue	2,456	2,359	2,494	2,426	2,539	1,851
Other Revenue	59.1	59.1	76.73	90.35	51.82	18.21
Revenue	2,516	2,418	2,571	2,516	2,591	1,869
Revenue Growth (YoY)	2.62%	-5.97%	2.18%	-2.90%	38.62%	-10.07%
Cost of Revenue	2,176	2,075	2,252	2,218	2,204	1,540
Gross Profit	339.65	342.32	319.25	298.37	387.29	329.7
Selling, General & Admin	128.06	130.55	132.52	113.94	107.89	87.2
Research & Development	134.65	125.84	120.39	125.16	118.86	99.34
Other Operating Expenses	8.8	6.44	9.6	14.54	14.32	13.89
Operating Expenses	302.58	299.69	292.62	279.94	264.29	212.99
Operating Income	37.07	42.63	26.63	18.43	122.99	116.71
Interest Expense	-27.06	-37.95	-43.21	-40.38	-47.73	-37.52
Interest & Investment Income	9.6	9.42	9.46	9.99	3.82	5.16
Currency Exchange Gain (Loss)	3.06	3.06	9.47	17.78	-6.68	1.67
Other Non Operating Income (Expenses)	1.91	-1.13	-1.02	-0.99	-3.41	-3.75
EBT Excluding Unusual Items	24.58	16.02	1.33	4.81	68.99	82.26
Gain (Loss) on Sale of Investments	0.03	0.03	-	-	-	-16.43
Gain (Loss) on Sale of Assets	-0.01	-0.28	0.07	-0.24	-0.02	0.02
Asset Writedown	-13.02	-7.09	-0.85	-0.01	-0.02	0.03
Other Unusual Items	14.46	14.46	8.52	15.83	14.51	26.99
Pretax Income	26.03	23.14	9.07	20.39	83.46	92.87
Income Tax Expense	7.05	3.1	-9.69	-1.82	3.53	8
Earnings From Continuing Operations	18.98	20.03	18.75	22.21	79.93	84.87
Minority Interest in Earnings	15.78	13.62	6.68	4.72	4.38	-1.15
Net Income	34.76	33.65	25.44	26.93	84.31	83.72
Net Income to Common	34.76	33.65	25.44	26.93	84.31	83.72
Net Income Growth	22.83%	32.29%	-5.53%	-68.06%	0.70%	-33.12%
Shares Outstanding (Basic)	950	951	953	952	843	837
Shares Outstanding (Diluted)	950	951	953	952	843	837
Shares Change (YoY)	-0.32%	-0.22%	0.13%	12.86%	0.70%	0.32%
EPS (Basic)	0.04	0.04	0.03	0.03	0.10	0.10
EPS (Diluted)	0.04	0.04	0.03	0.03	0.10	0.10
EPS Growth	23.23%	32.58%	-5.65%	-71.70%	-	-33.33%
Free Cash Flow	80.42	125.35	-8.06	-156.86	-260.45	-47.17
Free Cash Flow Per Share	0.09	0.13	-0.01	-0.17	-0.31	-0.06
Dividend Per Share	0.050	0.050	0.100	0.100	0.100	0.100
Dividend Growth	-50.00%	-50.00%	-	-	-	-
Gross Margin	13.50%	14.16%	12.42%	11.86%	14.95%	17.64%
Operating Margin	1.47%	1.76%	1.04%	0.73%	4.75%	6.24%
Profit Margin	1.38%	1.39%	0.99%	1.07%	3.25%	4.48%
Free Cash Flow Margin	3.20%	5.18%	-0.31%	-6.23%	-10.05%	-2.52%
EBITDA	173.33	162.53	124.72	121.62	230.21	197.74
EBITDA Margin	6.89%	6.72%	4.85%	4.83%	8.88%	10.58%
D&A For EBITDA	136.26	119.9	98.09	103.19	107.22	81.03
EBIT	37.07	42.63	26.63	18.43	122.99	116.71
EBIT Margin	1.47%	1.76%	1.04%	0.73%	4.75%	6.24%
Effective Tax Rate	27.09%	13.42%	-	-	4.23%	8.62%
Revenue as Reported	2,516	2,418	2,571	2,516	2,591	1,869

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