SHE:002363 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	2,173	2,380	2,223	2,274	1,956	1,595
Other Revenue	1.44	1.44	3.17	0.83	3.81	1.19
Revenue	2,174	2,381	2,226	2,274	1,960	1,596
Revenue Growth (YoY)	-6.07%	6.96%	-2.12%	16.06%	22.75%	-2.23%
Cost of Revenue	1,990	2,185	2,062	2,141	1,790	1,446
Gross Profit	183.77	196.14	164.36	133.41	169.47	149.98
Selling, General & Admin	76.13	78.46	85.29	88.77	98.89	74.21
Research & Development	70.25	75.53	43.31	44.47	21.53	11.67
Other Operating Expenses	13.59	17	12.63	11.82	11.42	10.99
Operating Expenses	156.07	176.37	144.29	145.42	136.68	99.24
Operating Income	27.7	19.77	20.07	-12	32.79	50.74
Interest Expense	-2.81	-2.4	-3.85	-4.13	-4.2	-3.28
Interest & Investment Income	16.79	18.42	16.22	10.31	9.82	20.34
Currency Exchange Gain (Loss)	10	10	8.35	45.36	-10.43	-17.35
Other Non Operating Income (Expenses)	3.18	-0.72	-0.67	-0.9	-0.78	-0.56
EBT Excluding Unusual Items	54.86	45.08	40.13	38.64	27.19	49.9
Gain (Loss) on Sale of Investments	-0.33	-0.06	-0.43	0.47	-0.05	-1.7
Gain (Loss) on Sale of Assets	-0.11	0.44	1.4	0.03	0.09	0.4
Asset Writedown	-4.29	-0.39	-0.04	-0.06	-0.47	-0.04
Other Unusual Items	4.01	4	2.48	4.58	3.65	5.13
Pretax Income	54.15	49.07	43.54	43.66	30.41	53.68
Income Tax Expense	8.61	7.57	13.07	2.33	1.37	8.79
Earnings From Continuing Operations	45.55	41.5	30.47	41.33	29.04	44.89
Minority Interest in Earnings	6.14	5.48	6.4	4.24	2.56	2.15
Net Income	51.69	46.98	36.87	45.58	31.6	47.04
Net Income to Common	51.69	46.98	36.87	45.58	31.6	47.04
Net Income Growth	29.73%	27.41%	-19.10%	44.23%	-32.82%	-23.95%
Shares Outstanding (Basic)	432	427	410	414	395	428
Shares Outstanding (Diluted)	432	427	410	414	395	428
Shares Change (YoY)	8.14%	4.24%	-1.12%	4.90%	-7.63%	3.71%
EPS (Basic)	0.12	0.11	0.09	0.11	0.08	0.11
EPS (Diluted)	0.12	0.11	0.09	0.11	0.08	0.11
EPS Growth	19.96%	22.22%	-18.18%	37.50%	-27.27%	-26.67%
Free Cash Flow	197.22	202.39	143.52	151.17	139.02	-75.33
Free Cash Flow Per Share	0.46	0.47	0.35	0.36	0.35	-0.18
Dividend Per Share	0.060	0.110	0.080	0.120	0.200	0.600
Dividend Growth	-53.85%	37.50%	-33.33%	-40.00%	-66.67%	1233.33%
Gross Margin	8.45%	8.24%	7.38%	5.87%	8.65%	9.40%
Operating Margin	1.27%	0.83%	0.90%	-0.53%	1.67%	3.18%
Profit Margin	2.38%	1.97%	1.66%	2.00%	1.61%	2.95%
Free Cash Flow Margin	9.07%	8.50%	6.45%	6.65%	7.09%	-4.72%
EBITDA	160.71	149.27	144.9	132.81	173.2	194.17
EBITDA Margin	7.39%	6.27%	6.51%	5.84%	8.84%	12.16%
D&A For EBITDA	133	129.5	124.83	144.82	140.41	143.43
EBIT	27.7	19.77	20.07	-12	32.79	50.74
EBIT Margin	1.27%	0.83%	0.90%	-0.53%	1.67%	3.18%
Effective Tax Rate	15.89%	15.43%	30.02%	5.33%	4.52%	16.38%
Revenue as Reported	2,174	2,381	2,226	2,274	1,960	1,596

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