SHE:002475 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	308,874	265,136	229,308	211,944	152,258	91,793
Other Revenue	3,659	3,659	2,597	2,085	1,688	707.82
Revenue	312,532	268,795	231,905	214,028	153,946	92,501
Revenue Growth (YoY)	23.43%	15.91%	8.35%	39.03%	66.43%	47.96%
Cost of Revenue	279,397	241,725	206,168	188,542	135,207	75,830
Gross Profit	33,135	27,070	25,738	25,486	18,739	16,671
Selling, General & Admin	9,883	7,441	6,505	5,971	4,593	2,988
Research & Development	9,701	8,527	8,116	8,383	6,581	5,698
Other Operating Expenses	663.01	576.68	500.72	476.33	193.81	250.78
Operating Expenses	20,345	16,556	15,096	14,876	11,393	8,944
Operating Income	12,790	10,513	10,642	10,610	7,346	7,727
Interest Expense	-1,762	-1,463	-1,377	-1,038	-656.41	-394.59
Interest & Investment Income	8,189	5,515	2,777	1,503	1,051	792.47
Currency Exchange Gain (Loss)	1,010	1,010	-72.8	-337.51	-225.95	-614.73
Other Non Operating Income (Expenses)	548.36	-11.03	-41.4	-12.42	-36.12	-41.43
EBT Excluding Unusual Items	20,776	15,565	11,928	10,725	7,479	7,468
Impairment of Goodwill	-	-	-0.8	-	-	-
Gain (Loss) on Sale of Investments	-1,266	-99.58	210.35	13.63	-115.74	329.04
Gain (Loss) on Sale of Assets	30.1	36.63	122.87	47.93	-45.27	-2.31
Asset Writedown	-670.82	-328.38	-208.19	-241.12	-22.06	-114.1
Other Unusual Items	934.93	934.93	833.01	613.04	846.51	454.86
Pretax Income	19,805	16,109	12,885	11,158	8,143	8,136
Income Tax Expense	2,284	1,530	641.83	667.32	322.24	644.76
Earnings From Continuing Operations	17,521	14,579	12,243	10,491	7,821	7,491
Minority Interest in Earnings	-1,712	-1,213	-1,291	-1,328	-750.09	-265.55
Net Income	15,809	13,366	10,953	9,163	7,071	7,225
Net Income to Common	15,809	13,366	10,953	9,163	7,071	7,225
Net Income Growth	24.94%	22.03%	19.53%	29.60%	-2.14%	53.28%
Shares Outstanding (Basic)	7,217	7,186	7,112	7,103	7,001	7,015
Shares Outstanding (Diluted)	7,282	7,225	7,159	7,159	7,142	7,154
Shares Change (YoY)	1.40%	0.92%	-0.00%	0.23%	-0.17%	1.68%
EPS (Basic)	2.19	1.86	1.54	1.29	1.01	1.03
EPS (Diluted)	2.17	1.85	1.53	1.28	0.99	1.01
EPS Growth	23.21%	20.91%	19.53%	29.29%	-1.98%	50.75%
Free Cash Flow	7,143	15,006	16,218	-856.53	-5,654	-628.93
Free Cash Flow Per Share	0.98	2.08	2.27	-0.12	-0.79	-0.09
Dividend Per Share	0.200	0.200	0.299	0.130	0.110	0.110
Dividend Growth	-33.14%	-33.14%	129.96%	18.18%	-	19.18%
Gross Margin	10.60%	10.07%	11.10%	11.91%	12.17%	18.02%
Operating Margin	4.09%	3.91%	4.59%	4.96%	4.77%	8.35%
Profit Margin	5.06%	4.97%	4.72%	4.28%	4.59%	7.81%
Free Cash Flow Margin	2.29%	5.58%	6.99%	-0.40%	-3.67%	-0.68%
EBITDA	23,766	21,008	20,495	18,014	12,288	10,006
EBITDA Margin	7.60%	7.82%	8.84%	8.42%	7.98%	10.82%
D&A For EBITDA	10,976	10,494	9,853	7,405	4,942	2,279
EBIT	12,790	10,513	10,642	10,610	7,346	7,727
EBIT Margin	4.09%	3.91%	4.59%	4.96%	4.77%	8.35%
Effective Tax Rate	11.53%	9.50%	4.98%	5.98%	3.96%	7.92%
Revenue as Reported	312,532	268,795	231,905	214,028	153,946	92,501

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.