SHE:003013 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	2,763	2,746	2,571	2,474	2,378	1,868
Other Revenue	1.66	1.66	2.27	2	2.28	2.76
Revenue	2,764	2,748	2,573	2,476	2,381	1,870
Revenue Growth (YoY)	5.10%	6.79%	3.92%	4.02%	27.28%	13.73%
Cost of Revenue	1,648	1,693	1,615	1,657	1,570	1,260
Gross Profit	1,117	1,055	958	818.87	810.99	610.2
Selling, General & Admin	228.8	232.81	228.82	227.82	201.76	171.33
Research & Development	139.96	129.89	115.42	111.67	108.75	102.53
Other Operating Expenses	14.46	6.52	13.8	8.24	13.13	4.14
Operating Expenses	528.74	496.11	483.04	395.33	414.11	314.48
Operating Income	587.81	558.97	474.96	423.54	396.88	295.72
Interest Expense	-14.58	-14.52	-7.61	-2.8	-2.94	-
Interest & Investment Income	11.88	25.34	31.66	27.1	17.39	20.01
Earnings From Equity Investments	-	-	-	5.6	7.18	2.22
Other Non Operating Income (Expenses)	-2.85	-4.85	-2.63	-2.29	-4.75	-5.49
EBT Excluding Unusual Items	582.27	564.94	496.37	451.15	413.76	312.47
Gain (Loss) on Sale of Investments	-0.33	-0.17	-0.25	-	-	-
Gain (Loss) on Sale of Assets	0.01	-	0.02	-0.07	-0.67	0.07
Asset Writedown	40.8	-0.2	-0.22	-0.17	-0.07	-0.13
Other Unusual Items	6.24	6.24	5.1	8.11	4.44	21.59
Pretax Income	628.99	570.81	501.03	459.01	417.46	333.99
Income Tax Expense	80.25	69.79	61.61	52.93	55.78	43.82
Earnings From Continuing Operations	548.74	501.03	439.42	406.08	361.68	290.17
Minority Interest in Earnings	-6.65	-9.1	-7.56	-6.25	-5.14	-3.67
Net Income	542.09	491.93	431.86	399.84	356.54	286.5
Net Income to Common	542.09	491.93	431.86	399.84	356.54	286.5
Net Income Growth	22.59%	13.91%	8.01%	12.14%	24.45%	21.09%
Shares Outstanding (Basic)	402	400	400	400	401	367
Shares Outstanding (Diluted)	402	400	400	400	401	367
Shares Change (YoY)	-0.13%	0.02%	0.01%	-0.19%	9.06%	2.46%
EPS (Basic)	1.35	1.23	1.08	1.00	0.89	0.78
EPS (Diluted)	1.35	1.23	1.08	1.00	0.89	0.78
EPS Growth	22.75%	13.89%	8.00%	12.36%	14.10%	18.18%
Free Cash Flow	37.28	-259.9	-105.98	187.65	334.66	-420.66
Free Cash Flow Per Share	0.09	-0.65	-0.27	0.47	0.83	-1.15
Dividend Per Share	0.480	0.480	0.490	0.450	0.400	0.660
Dividend Growth	-2.04%	-2.04%	8.89%	12.50%	-39.39%	-
Gross Margin	40.39%	38.40%	37.23%	33.07%	34.07%	32.63%
Operating Margin	21.27%	20.34%	18.46%	17.10%	16.67%	15.81%
Profit Margin	19.61%	17.90%	16.78%	16.15%	14.98%	15.32%
Free Cash Flow Margin	1.35%	-9.46%	-4.12%	7.58%	14.06%	-22.49%
EBITDA	620.21	595.81	517.7	455.16	424.2	323.62
EBITDA Margin	22.44%	21.68%	20.12%	18.38%	17.82%	17.30%
D&A For EBITDA	32.4	36.83	42.74	31.62	27.32	27.9
EBIT	587.81	558.97	474.96	423.54	396.88	295.72
EBIT Margin	21.27%	20.34%	18.46%	17.10%	16.67%	15.81%
Effective Tax Rate	12.76%	12.23%	12.30%	11.53%	13.36%	13.12%
Revenue as Reported	2,764	2,748	2,573	2,476	2,381	1,870

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