SHE:002947 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	2,713	2,449	1,784	1,520	1,105	630.2
Other Revenue	37.18	37.18	34.32	27.73	25.61	13.42
Revenue	2,750	2,486	1,818	1,548	1,130	643.62
Revenue Growth (YoY)	18.89%	36.74%	17.48%	36.95%	75.59%	10.04%
Cost of Revenue	1,901	1,735	1,282	1,109	844.26	407.97
Gross Profit	848.94	750.72	536.4	438.67	285.91	235.65
Selling, General & Admin	159.81	150.87	140.14	172.29	179.56	97.47
Research & Development	121.78	112.61	85.46	71.19	55.14	37.72
Other Operating Expenses	11.65	5.36	3.52	8.26	5.76	-1.14
Operating Expenses	300.59	290	240.22	264.88	255.91	131.39
Operating Income	548.35	460.71	296.19	173.79	30	104.26
Interest Expense	-3.73	-3.95	-4.62	-3.73	-0.86	-0.11
Interest & Investment Income	50.01	38.95	24.39	22.41	20.38	32.55
Currency Exchange Gain (Loss)	26.14	26.14	0.67	30.97	-9.07	-14.41
Other Non Operating Income (Expenses)	-2.48	-0.29	-0.25	-0.14	-0.24	-0.67
EBT Excluding Unusual Items	618.29	521.56	316.38	223.29	40.21	121.61
Impairment of Goodwill	-	-	-	-0.45	-	-
Gain (Loss) on Sale of Investments	0.75	0.78	0.01	-0.02	-	-
Gain (Loss) on Sale of Assets	0.31	-0.03	4.29	6.1	0.46	0.18
Asset Writedown	13.88	-0	-3.61	-1.93	0.05	-0.15
Other Unusual Items	4.14	0.95	2.8	2.66	2.61	-
Pretax Income	637.37	523.26	319.88	229.66	43.34	121.65
Income Tax Expense	84.23	67.46	38.25	36.67	13.51	16.52
Earnings From Continuing Operations	553.14	455.8	281.63	192.99	29.83	105.13
Minority Interest in Earnings	0.81	1.05	-0.24	0.41	1.44	-0.1
Net Income	553.95	456.85	281.39	193.4	31.26	105.03
Net Income to Common	553.95	456.85	281.39	193.4	31.26	105.03
Net Income Growth	39.50%	62.36%	45.50%	518.60%	-70.23%	-36.66%
Shares Outstanding (Basic)	254	239	229	230	223	207
Shares Outstanding (Diluted)	254	239	229	230	223	207
Shares Change (YoY)	9.51%	4.55%	-0.64%	3.10%	7.94%	2.62%
EPS (Basic)	2.18	1.91	1.23	0.84	0.14	0.51
EPS (Diluted)	2.18	1.91	1.23	0.84	0.14	0.51
EPS Growth	27.39%	55.28%	46.43%	500.00%	-72.42%	-38.27%
Free Cash Flow	605.26	174.09	50.72	-9.69	-225.89	71.44
Free Cash Flow Per Share	2.38	0.73	0.22	-0.04	-1.01	0.34
Dividend Per Share	0.600	0.600	0.500	0.300	0.154	0.177
Dividend Growth	20.00%	20.00%	66.67%	95.06%	-13.35%	-50.00%
Gross Margin	30.87%	30.20%	29.50%	28.34%	25.30%	36.61%
Operating Margin	19.94%	18.53%	16.29%	11.23%	2.66%	16.20%
Profit Margin	20.15%	18.38%	15.48%	12.50%	2.77%	16.32%
Free Cash Flow Margin	22.01%	7.00%	2.79%	-0.63%	-19.99%	11.10%
EBITDA	609.03	512.05	335.08	205.7	54.67	121.59
EBITDA Margin	22.15%	20.60%	18.43%	13.29%	4.84%	18.89%
D&A For EBITDA	60.68	51.34	38.89	31.91	24.67	17.34
EBIT	548.35	460.71	296.19	173.79	30	104.26
EBIT Margin	19.94%	18.53%	16.29%	11.23%	2.66%	16.20%
Effective Tax Rate	13.22%	12.89%	11.96%	15.97%	31.17%	13.58%
Revenue as Reported	2,750	2,486	1,818	1,548	1,130	643.62

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