SHE:002728 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	923.16	686.91	1,066	886.15	757.93	632.22
Other Revenue	0.88	0.88	0.74	0.43	0.23	0.48
Revenue	924.04	687.79	1,067	886.57	758.16	632.7
Revenue Growth (YoY)	18.84%	-35.55%	20.38%	16.94%	19.83%	-31.31%
Cost of Revenue	405.72	386.47	467.98	451.83	356.12	330.93
Gross Profit	518.32	301.32	599.23	434.74	402.04	301.76
Selling, General & Admin	368.48	225.54	240.67	176.38	175.95	153.87
Research & Development	39.72	43.33	43.06	38.01	37.78	36.5
Other Operating Expenses	5.55	2.05	9.38	1.75	9.27	8.19
Operating Expenses	413.4	270.89	293.19	216.74	224.72	197.63
Operating Income	104.92	30.43	306.04	217.99	177.33	104.13
Interest Expense	-4.97	-5.32	-16.36	-29.13	-29.51	-42.72
Interest & Investment Income	5.62	10.34	12.34	8.55	12.14	16.96
Other Non Operating Income (Expenses)	0.47	-0.45	-0.4	-1.44	-0.42	-0.6
EBT Excluding Unusual Items	106.04	34.99	301.61	195.97	159.53	77.77
Impairment of Goodwill	-11.63	-11.63	-13.17	-	-23.06	-22.42
Gain (Loss) on Sale of Assets	-0.08	0.01	0.12	0.04	0.1	-0.29
Asset Writedown	-0.16	-0.16	-0.27	-0.12	-0.37	-0.02
Other Unusual Items	0.52	-1.16	4.7	0.43	10.91	-1.75
Pretax Income	94.69	22.05	292.99	196.32	147.1	53.28
Income Tax Expense	14.99	1.56	39.82	18.12	20.18	9.46
Net Income	79.7	20.5	253.18	178.2	126.92	43.82
Net Income to Common	79.7	20.5	253.18	178.2	126.92	43.82
Net Income Growth	12.73%	-91.91%	42.07%	40.41%	189.66%	-74.48%
Shares Outstanding (Basic)	438	512	460	438	401	391
Shares Outstanding (Diluted)	438	512	460	438	401	391
Shares Change (YoY)	-23.78%	11.31%	5.16%	9.09%	2.75%	-2.52%
EPS (Basic)	0.18	0.04	0.55	0.41	0.32	0.11
EPS (Diluted)	0.18	0.04	0.55	0.41	0.32	0.11
EPS Growth	47.89%	-92.73%	35.10%	28.71%	181.91%	-73.82%
Free Cash Flow	114.15	-136.11	112.51	281.39	147.24	79.57
Free Cash Flow Per Share	0.26	-0.27	0.24	0.64	0.37	0.20
Dividend Per Share	0.050	0.050	0.357	0.332	0.332	0.332
Dividend Growth	-86.00%	-86.00%	7.69%	-	-	-13.35%
Gross Margin	56.09%	43.81%	56.15%	49.04%	53.03%	47.69%
Operating Margin	11.35%	4.42%	28.68%	24.59%	23.39%	16.46%
Profit Margin	8.63%	2.98%	23.72%	20.10%	16.74%	6.93%
Free Cash Flow Margin	12.35%	-19.79%	10.54%	31.74%	19.42%	12.58%
EBITDA	172.47	94.79	366.14	270.52	228.63	155.16
EBITDA Margin	18.67%	13.78%	34.31%	30.51%	30.16%	24.52%
D&A For EBITDA	67.55	64.36	60.1	52.52	51.31	51.03
EBIT	104.92	30.43	306.04	217.99	177.33	104.13
EBIT Margin	11.35%	4.42%	28.68%	24.59%	23.39%	16.46%
Effective Tax Rate	15.83%	7.06%	13.59%	9.23%	13.72%	17.76%
Revenue as Reported	924.04	687.79	1,067	886.57	758.16	632.7

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