SHE:002860 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	2,270	2,043	2,851	1,915	1,304	902.92
Other Revenue	34.35	34.35	28.23	34.31	64.21	24.06
Revenue	2,304	2,077	2,879	1,949	1,369	926.98
Revenue Growth (YoY)	9.25%	-27.84%	47.68%	42.43%	47.64%	30.89%
Cost of Revenue	1,948	1,747	2,467	1,660	1,076	684.56
Gross Profit	355.75	329.99	411.49	288.82	292.71	242.42
Selling, General & Admin	69.17	85.6	114.69	93.97	73.65	68.48
Research & Development	55.3	52.87	70.23	65.8	49.19	37.18
Other Operating Expenses	4.68	-2.48	-5.96	3.52	2.67	1.69
Operating Expenses	142.24	139.86	185.14	180.02	129.49	113.81
Operating Income	213.52	190.13	226.35	108.79	163.21	128.61
Interest Expense	-25.18	-38.66	-12.46	-3.1	-18.55	-18.5
Interest & Investment Income	22.36	19.72	13.69	8.29	12.05	13.81
Currency Exchange Gain (Loss)	2.31	2.31	-0.73	1.81	-0.91	-1.23
Other Non Operating Income (Expenses)	-1.98	-1.12	-0.89	-0.95	-0.52	1.7
EBT Excluding Unusual Items	211.03	172.38	225.97	114.85	155.27	124.4
Gain (Loss) on Sale of Investments	10.44	3.18	-2.72	0.03	0.47	0.56
Gain (Loss) on Sale of Assets	-1.04	-8.7	0.13	-0	-0.09	-0.5
Asset Writedown	-26.39	-22.2	-0.07	-0.17	-0.54	-1.25
Other Unusual Items	12.2	13.36	18.15	15.67	10.52	1.39
Pretax Income	206.23	158.03	241.46	130.38	165.63	124.6
Income Tax Expense	28.35	10.99	28.55	7.06	14.16	14.32
Earnings From Continuing Operations	177.89	147.04	212.92	123.32	151.47	110.28
Minority Interest in Earnings	-2.46	-3.35	-10.43	-4.21	-7.6	-2.41
Net Income	175.43	143.69	202.48	119.11	143.87	107.86
Net Income to Common	175.43	143.69	202.48	119.11	143.87	107.86
Net Income Growth	5.79%	-29.03%	70.00%	-17.21%	33.38%	-17.91%
Shares Outstanding (Basic)	329	306	307	298	288	275
Shares Outstanding (Diluted)	329	306	307	298	288	275
Shares Change (YoY)	3.64%	-0.34%	3.03%	3.49%	4.81%	0.96%
EPS (Basic)	0.53	0.47	0.66	0.40	0.50	0.39
EPS (Diluted)	0.53	0.47	0.66	0.40	0.50	0.39
EPS Growth	2.07%	-28.79%	65.00%	-20.00%	27.26%	-18.69%
Free Cash Flow	67.59	-49.91	241.27	26.12	10.55	33.7
Free Cash Flow Per Share	0.20	-0.16	0.79	0.09	0.04	0.12
Dividend Per Share	0.100	0.100	0.100	0.100	0.107	0.107
Dividend Growth	-	-	-	-6.63%	-	21.43%
Gross Margin	15.44%	15.89%	14.29%	14.82%	21.39%	26.15%
Operating Margin	9.27%	9.15%	7.86%	5.58%	11.93%	13.88%
Profit Margin	7.61%	6.92%	7.03%	6.11%	10.51%	11.64%
Free Cash Flow Margin	2.93%	-2.40%	8.38%	1.34%	0.77%	3.64%
EBITDA	273.39	246.1	277.12	153.79	200.55	163.23
EBITDA Margin	11.87%	11.85%	9.63%	7.89%	14.65%	17.61%
D&A For EBITDA	59.87	55.97	50.77	44.99	37.34	34.61
EBIT	213.52	190.13	226.35	108.79	163.21	128.61
EBIT Margin	9.27%	9.15%	7.86%	5.58%	11.93%	13.88%
Effective Tax Rate	13.74%	6.96%	11.82%	5.41%	8.55%	11.49%
Revenue as Reported	2,304	2,077	2,879	1,949	1,369	926.98

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