SHE:002365 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	791.78	833.34	959.37	1,426	1,546	1,166
Other Revenue	5.47	5.47	13.52	36.57	19.54	6.87
Revenue	797.25	838.81	972.89	1,462	1,565	1,173
Revenue Growth (YoY)	1.07%	-13.78%	-33.48%	-6.58%	33.47%	-14.42%
Cost of Revenue	679.67	672.79	722.37	991.13	1,212	820.06
Gross Profit	117.57	166.02	250.52	471.32	353.73	352.8
Selling, General & Admin	75.78	80.61	176.42	249.77	154.58	166.85
Research & Development	32.68	36.97	41.5	40.45	53.04	46.66
Other Operating Expenses	14.81	9.16	10.09	13.66	11.58	10.09
Operating Expenses	122	126.05	226.39	301.41	228.94	225.14
Operating Income	-4.42	39.97	24.12	169.91	124.79	127.66
Interest Expense	-0.92	-0.59	-0.37	-0.66	-2.44	-1.2
Interest & Investment Income	36.98	40.78	27.39	12.62	24.2	25.99
Currency Exchange Gain (Loss)	9.17	9.17	5.64	21.55	-4.09	-8.54
Other Non Operating Income (Expenses)	-5.18	-1.02	-0.43	-0.64	-0.7	-0.51
EBT Excluding Unusual Items	35.62	88.32	56.35	202.77	141.76	143.39
Impairment of Goodwill	-0.52	-0.52	-8.25	-	-	-
Gain (Loss) on Sale of Investments	4.02	4.43	-34.55	-30.34	-0.28	-1.19
Gain (Loss) on Sale of Assets	0.97	0.19	45.02	-0.38	0.25	-0.01
Asset Writedown	-16.02	-15.36	-42.06	-3.65	-3.02	-15.45
Legal Settlements	-10.02	-10.02	-23.3	-22.73	-13.61	-4.94
Other Unusual Items	6.2	3.82	12.84	7.4	4.75	8.78
Pretax Income	20.26	70.86	6.05	153.06	129.85	130.58
Income Tax Expense	3.01	11.15	34.47	20.34	10.81	11.92
Earnings From Continuing Operations	17.25	59.71	-28.41	132.72	119.05	118.66
Minority Interest in Earnings	8.16	2.06	16.1	7.63	-7.63	-13.1
Net Income	25.41	61.77	-12.31	140.35	111.42	105.56
Preferred Dividends & Other Adjustments	-	-	-	0.19	3.63	-
Net Income to Common	25.41	61.77	-12.31	140.16	107.78	105.56
Net Income Growth	715.62%	-	-	25.97%	5.55%	17.38%
Shares Outstanding (Basic)	290	293	295	294	287	288
Shares Outstanding (Diluted)	291	295	295	294	287	289
Shares Change (YoY)	-0.95%	-	0.13%	2.66%	-0.63%	0.06%
EPS (Basic)	0.09	0.21	-0.04	0.48	0.38	0.37
EPS (Diluted)	0.09	0.21	-0.04	0.48	0.38	0.37
EPS Growth	724.77%	-	-	26.66%	2.75%	17.69%
Free Cash Flow	38.75	-12.33	100.46	238.21	38.76	102.25
Free Cash Flow Per Share	0.13	-0.04	0.34	0.81	0.14	0.35
Dividend Per Share	0.100	0.100	0.100	0.100	-	0.100
Dividend Growth	-	-	-	-	-	-33.33%
Gross Margin	14.75%	19.79%	25.75%	32.23%	22.60%	30.08%
Operating Margin	-0.56%	4.76%	2.48%	11.62%	7.97%	10.88%
Profit Margin	3.19%	7.36%	-1.27%	9.58%	6.88%	9.00%
Free Cash Flow Margin	4.86%	-1.47%	10.32%	16.29%	2.48%	8.72%
EBITDA	91.37	152.65	159.3	293.53	240.75	240.72
EBITDA Margin	11.46%	18.20%	16.37%	20.07%	15.38%	20.52%
D&A For EBITDA	95.79	112.68	135.18	123.62	115.96	113.07
EBIT	-4.42	39.97	24.12	169.91	124.79	127.66
EBIT Margin	-0.56%	4.76%	2.48%	11.62%	7.97%	10.88%
Effective Tax Rate	14.84%	15.74%	569.54%	13.29%	8.32%	9.13%
Revenue as Reported	797.25	838.81	972.89	1,462	1,565	1,173

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