SHE:300346 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	2,350	2,229	1,648	1,489	951.41	576.07
Other Revenue	122.66	122.66	54.85	92.45	33.03	18.89
Revenue	2,472	2,352	1,703	1,581	984.45	594.96
Revenue Growth (YoY)	13.07%	38.08%	7.72%	60.62%	65.46%	85.13%
Cost of Revenue	1,563	1,438	991.18	894.08	620.4	378.56
Gross Profit	909.37	914.07	712.08	687.15	364.04	216.4
Selling, General & Admin	284.24	284.43	261.15	289.34	181.31	144.84
Research & Development	199.55	213.05	194.47	175.95	58.48	40.44
Other Operating Expenses	-116.48	-118.21	-104.82	14.86	9.89	6.89
Operating Expenses	371.66	397.01	352.86	483.07	250.25	193.88
Operating Income	537.72	517.06	359.22	204.07	113.8	22.52
Interest Expense	-17.9	-55.42	-60.3	-31.84	-14.64	-8.97
Interest & Investment Income	79.62	62.39	38.57	22.17	11.28	84.99
Currency Exchange Gain (Loss)	2.76	2.76	1.83	5.1	-1.68	-3.38
Other Non Operating Income (Expenses)	-6.68	-4.4	-1.73	-0.7	-0.62	17.75
EBT Excluding Unusual Items	595.52	522.38	337.59	198.81	108.13	112.91
Impairment of Goodwill	-41.5	-41.5	-	-	-	-
Gain (Loss) on Sale of Investments	-13.81	-2.81	9.82	6.12	7.77	-
Gain (Loss) on Sale of Assets	-1.28	-1.75	-3.82	-2.9	-	-0.3
Asset Writedown	-93.06	-40.08	-33.1	-20.08	-4.86	-13.3
Other Unusual Items	-1.12	-1.12	1.61	95.8	81.82	17.43
Pretax Income	444.74	435.13	312.09	277.76	192.86	116.75
Income Tax Expense	59.02	63.21	38.05	23.03	9.71	8.07
Earnings From Continuing Operations	385.72	371.92	274.04	254.73	183.16	108.67
Minority Interest in Earnings	-79.56	-100.94	-62.58	-68.02	-46.93	-21.66
Net Income	306.16	270.98	211.46	186.71	136.23	87.02
Net Income to Common	306.16	270.98	211.46	186.71	136.23	87.02
Net Income Growth	16.99%	28.15%	13.26%	37.06%	56.55%	58.18%
Shares Outstanding (Basic)	691	664	651	659	629	617
Shares Outstanding (Diluted)	691	664	651	659	629	617
Shares Change (YoY)	5.92%	2.00%	-1.28%	4.84%	1.86%	0.63%
EPS (Basic)	0.44	0.41	0.33	0.28	0.22	0.14
EPS (Diluted)	0.44	0.41	0.33	0.28	0.22	0.14
EPS Growth	10.44%	25.63%	14.72%	30.73%	53.69%	57.19%
Free Cash Flow	517.7	425.5	358.64	-304.26	-401.77	-399.08
Free Cash Flow Per Share	0.75	0.64	0.55	-0.46	-0.64	-0.65
Dividend Per Share	0.263	0.125	0.071	0.058	0.032	0.026
Dividend Growth	271.89%	76.55%	21.44%	81.62%	25.39%	33.33%
Gross Margin	36.78%	38.87%	41.81%	43.46%	36.98%	36.37%
Operating Margin	21.75%	21.98%	21.09%	12.91%	11.56%	3.79%
Profit Margin	12.38%	11.52%	12.41%	11.81%	13.84%	14.63%
Free Cash Flow Margin	20.94%	18.09%	21.06%	-19.24%	-40.81%	-67.08%
EBITDA	933.11	859.96	632.14	422.43	266.38	100.52
EBITDA Margin	37.74%	36.56%	37.11%	26.71%	27.06%	16.90%
D&A For EBITDA	395.4	342.91	272.92	218.35	152.58	78
EBIT	537.72	517.06	359.22	204.07	113.8	22.52
EBIT Margin	21.75%	21.98%	21.09%	12.91%	11.56%	3.79%
Effective Tax Rate	13.27%	14.53%	12.19%	8.29%	5.03%	6.91%
Revenue as Reported	2,472	2,352	1,703	1,581	984.45	594.96
Advertising Expenses	-	1.33	0.44	0.08	0.1	0.67

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