SHE:002885 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	3,481	2,978	2,566	2,500	1,832	1,276
Other Revenue	33.48	33.48	27.73	84.74	77.6	37.45
Revenue	3,514	3,012	2,594	2,584	1,910	1,314
Revenue Growth (YoY)	30.22%	16.11%	0.36%	35.33%	45.35%	-1.43%
Cost of Revenue	3,071	2,652	2,282	2,218	1,707	1,136
Gross Profit	442.88	359.95	312.05	366.51	202.5	177.78
Selling, General & Admin	190.18	165.66	143	133.99	98.57	76.38
Research & Development	153.14	138.44	134.31	101.39	90.73	65.05
Other Operating Expenses	31.4	15.48	12.98	11.76	3.98	5.1
Operating Expenses	386.02	333.43	285.44	255.66	200.23	148.55
Operating Income	56.87	26.52	26.61	110.85	2.28	29.23
Interest Expense	-13.51	-14.88	-13.24	-12.07	-7.98	-11.66
Interest & Investment Income	9.96	11.37	8.16	2.76	14.34	1.53
Currency Exchange Gain (Loss)	7.39	7.39	0.9	21.11	-10.26	-24.29
Other Non Operating Income (Expenses)	1.57	-1.39	-3.59	-1.7	0.44	-0.41
EBT Excluding Unusual Items	62.27	29.01	18.84	120.94	-1.18	-5.59
Gain (Loss) on Sale of Investments	1.48	1.72	-10.6	1.86	-8.69	17.24
Gain (Loss) on Sale of Assets	-1.16	-0.61	-2.15	-0.41	-0.04	-0.12
Asset Writedown	-15.15	-1.09	-1.41	-0.6	-0.47	-0.27
Other Unusual Items	29.85	12.17	17.55	26.67	22.86	18.67
Pretax Income	77.28	41.2	22.23	148.46	12.47	29.92
Income Tax Expense	7.32	1.07	-10.62	7.43	-5.24	-1.52
Earnings From Continuing Operations	69.96	40.13	32.85	141.03	17.71	31.44
Minority Interest in Earnings	-2.22	-1.91	1.32	1.87	2.21	1.36
Net Income	67.75	38.22	34.17	142.9	19.93	32.8
Net Income to Common	67.75	38.22	34.17	142.9	19.93	32.8
Net Income Growth	1845.05%	11.84%	-76.09%	617.07%	-39.24%	-37.00%
Shares Outstanding (Basic)	273	272	269	257	252	255
Shares Outstanding (Diluted)	273	272	269	257	252	255
Shares Change (YoY)	-2.23%	1.24%	4.71%	2.00%	-1.21%	1.45%
EPS (Basic)	0.25	0.14	0.13	0.56	0.08	0.13
EPS (Diluted)	0.25	0.14	0.13	0.56	0.08	0.13
EPS Growth	1889.41%	10.47%	-77.16%	603.03%	-38.49%	-37.90%
Free Cash Flow	5.9	46.35	-152.88	-7.64	-190.91	25.32
Free Cash Flow Per Share	0.02	0.17	-0.57	-0.03	-0.76	0.10
Dividend Per Share	0.022	0.022	0.014	0.071	0.021	0.025
Dividend Growth	57.14%	57.14%	-80.39%	233.65%	-14.40%	-29.97%
Gross Margin	12.60%	11.95%	12.03%	14.18%	10.61%	13.53%
Operating Margin	1.62%	0.88%	1.03%	4.29%	0.12%	2.23%
Profit Margin	1.93%	1.27%	1.32%	5.53%	1.04%	2.50%
Free Cash Flow Margin	0.17%	1.54%	-5.89%	-0.30%	-10.00%	1.93%
EBITDA	107.77	76.16	74.56	152.48	41.17	64.21
EBITDA Margin	3.07%	2.53%	2.88%	5.90%	2.16%	4.89%
D&A For EBITDA	50.9	49.64	47.95	41.64	38.89	34.97
EBIT	56.87	26.52	26.61	110.85	2.28	29.23
EBIT Margin	1.62%	0.88%	1.03%	4.29%	0.12%	2.23%
Effective Tax Rate	9.47%	2.61%	-	5.00%	-	-
Revenue as Reported	3,514	3,012	2,594	2,584	1,910	1,314

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