SHE:200725 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	204,393	193,576	169,749	174,113	217,252	131,839
Other Revenue	4,804	4,804	4,794	4,301	3,784	3,714
Revenue	209,197	198,381	174,543	178,414	221,036	135,553
Revenue Growth (YoY)	9.09%	13.66%	-2.17%	-19.28%	63.06%	16.80%
Cost of Revenue	181,892	171,532	156,719	164,575	160,831	112,975
Gross Profit	27,305	26,848	17,825	13,839	60,205	22,578
Selling, General & Admin	8,289	8,174	7,799	10,412	12,083	7,683
Research & Development	13,860	13,123	11,320	11,101	10,616	7,639
Other Operating Expenses	-975.6	228.39	724.27	1,247	-668.56	1,068
Operating Expenses	21,327	21,632	19,859	22,809	22,059	16,388
Operating Income	5,977	5,216	-2,034	-8,970	38,145	6,190
Interest Expense	-3,484	-4,033	-3,537	-3,572	-4,867	-3,498
Interest & Investment Income	2,512	2,286	2,843	7,577	2,398	1,771
Currency Exchange Gain (Loss)	543.83	543.83	439.33	-258.46	248.02	73.11
Other Non Operating Income (Expenses)	91.38	-26.7	258.68	-99.16	-19.72	-33.34
EBT Excluding Unusual Items	5,640	3,986	-2,030	-5,323	35,905	4,503
Impairment of Goodwill	-51.13	-51.13	-	-147.76	-279.74	-
Gain (Loss) on Sale of Investments	110.8	-129.17	291.54	150.84	82.96	-233.71
Gain (Loss) on Sale of Assets	125.78	106.93	23.3	12.41	153.51	19.06
Asset Writedown	1,766	-201.04	-245.38	-190.16	-776.97	-527.9
Other Unusual Items	677.33	1,374	3,794	5,549	-	2,332
Pretax Income	8,269	5,086	1,833	51.22	35,084	6,093
Income Tax Expense	1,656	940.38	1,463	1,792	4,188	1,565
Earnings From Continuing Operations	6,613	4,145	369.87	-1,741	30,896	4,528
Minority Interest in Earnings	2.31	1,178	2,178	9,282	-4,936	507.36
Net Income	6,615	5,323	2,547	7,541	25,961	5,036
Preferred Dividends & Other Adjustments	72.74	72.74	135.73	595.22	564.83	485.93
Net Income to Common	6,542	5,251	2,412	6,946	25,396	4,550
Net Income Growth	36.81%	108.97%	-66.22%	-70.95%	415.54%	162.46%
Shares Outstanding (Basic)	38,698	37,520	37,430	37,503	35,705	34,684
Shares Outstanding (Diluted)	38,698	37,520	37,430	37,503	35,705	34,684
Shares Change (YoY)	45.05%	0.24%	-0.19%	5.04%	2.94%	-0.33%
EPS (Basic)	0.17	0.14	0.06	0.19	0.71	0.13
EPS (Diluted)	0.17	0.14	0.06	0.19	0.71	0.13
EPS Growth	-0.50%	133.23%	-67.61%	-73.91%	446.15%	160.00%
Free Cash Flow	10,102	13,700	13,494	13,624	26,601	-4,964
Free Cash Flow Per Share	0.26	0.36	0.36	0.36	0.74	-0.14
Dividend Per Share	0.050	0.050	0.030	0.061	0.210	0.100
Dividend Growth	66.67%	66.67%	-50.82%	-70.95%	110.00%	400.00%
Gross Margin	13.05%	13.53%	10.21%	7.76%	27.24%	16.66%
Operating Margin	2.86%	2.63%	-1.17%	-5.03%	17.26%	4.57%
Profit Margin	3.13%	2.65%	1.38%	3.89%	11.49%	3.36%
Free Cash Flow Margin	4.83%	6.91%	7.73%	7.64%	12.04%	-3.66%
EBITDA	46,117	43,014	32,642	25,447	72,763	28,629
EBITDA Margin	22.05%	21.68%	18.70%	14.26%	32.92%	21.12%
D&A For EBITDA	40,140	37,798	34,677	34,417	34,617	22,439
EBIT	5,977	5,216	-2,034	-8,970	38,145	6,190
EBIT Margin	2.86%	2.63%	-1.17%	-5.03%	17.26%	4.57%
Effective Tax Rate	20.03%	18.49%	79.82%	3498.16%	11.94%	25.68%

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