SHE:300435 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	2,811	2,708	3,042	3,251	2,398	1,971
Other Revenue	8.32	8.32	5.08	5.69	9.46	6.28
Revenue	2,820	2,717	3,047	3,256	2,407	1,978
Revenue Growth (YoY)	0.45%	-10.86%	-6.42%	35.29%	21.72%	91.19%
Cost of Revenue	2,071	2,207	2,459	2,703	1,951	1,566
Gross Profit	748.61	510.07	588.92	553.59	456.18	411.34
Selling, General & Admin	199.02	150.24	151.64	140.62	128.31	120.3
Research & Development	65.11	56.45	64.13	59.82	40.38	19.2
Other Operating Expenses	12.71	10.51	12.71	12.88	8.7	6.46
Operating Expenses	315.57	247.93	211.49	247.77	203.47	152.82
Operating Income	433.04	262.14	377.43	305.83	252.71	258.52
Interest Expense	-	-15.78	-30.51	-21.61	-12.25	-9.23
Interest & Investment Income	13.89	45.35	57.38	47.9	33.38	12.71
Currency Exchange Gain (Loss)	0.08	0.08	-1.48	1.65	1.76	-0.81
Other Non Operating Income (Expenses)	8.77	-1.16	-0.42	-0.59	17.82	-0.3
EBT Excluding Unusual Items	455.78	290.64	402.39	333.18	293.43	260.89
Impairment of Goodwill	-324.18	-324.18	-	-	-	-
Gain (Loss) on Sale of Investments	0.31	1.65	0.33	-0.42	0.64	-1.05
Gain (Loss) on Sale of Assets	1.46	0.37	7.14	-0.04	0	0.26
Asset Writedown	-1.39	-2.56	-0.8	-0.64	-0.03	-0.18
Other Unusual Items	11.66	11.66	22.29	17.48	11.9	8.97
Pretax Income	143.65	-22.42	431.36	355.08	311.06	269.44
Income Tax Expense	75.97	59.8	82.13	78.07	65.54	76.18
Earnings From Continuing Operations	67.68	-82.21	349.23	277.01	245.53	193.27
Minority Interest in Earnings	0.39	4.25	0.83	0.95	-0.17	2.84
Net Income	68.07	-77.96	350.06	277.96	245.35	196.11
Net Income to Common	68.07	-77.96	350.06	277.96	245.35	196.11
Net Income Growth	-75.69%	-	25.94%	13.29%	25.11%	153.25%
Shares Outstanding (Basic)	406	390	381	381	377	377
Shares Outstanding (Diluted)	406	390	385	381	377	377
Shares Change (YoY)	9.83%	1.33%	1.03%	0.87%	0.09%	41.24%
EPS (Basic)	0.17	-0.20	0.92	0.73	0.65	0.52
EPS (Diluted)	0.17	-0.20	0.91	0.73	0.65	0.52
EPS Growth	-77.86%	-	24.66%	12.31%	25.00%	79.31%
Free Cash Flow	431.08	248.31	138	27.49	101.07	136.94
Free Cash Flow Per Share	1.06	0.64	0.36	0.07	0.27	0.36
Dividend Per Share	0.200	0.200	0.150	0.100	0.080	0.080
Dividend Growth	33.33%	33.33%	50.00%	25.00%	-	60.00%
Gross Margin	26.55%	18.78%	19.32%	17.00%	18.95%	20.80%
Operating Margin	15.36%	9.65%	12.38%	9.39%	10.50%	13.07%
Profit Margin	2.41%	-2.87%	11.49%	8.54%	10.19%	9.92%
Free Cash Flow Margin	15.29%	9.14%	4.53%	0.84%	4.20%	6.93%
EBITDA	563.74	379.82	477.74	390.14	332.11	323.34
EBITDA Margin	19.99%	13.98%	15.68%	11.98%	13.80%	16.35%
D&A For EBITDA	130.7	117.68	100.31	84.31	79.4	64.81
EBIT	433.04	262.14	377.43	305.83	252.71	258.52
EBIT Margin	15.36%	9.65%	12.38%	9.39%	10.50%	13.07%
Effective Tax Rate	52.88%	-	19.04%	21.99%	21.07%	28.27%
Revenue as Reported	2,820	2,717	3,047	3,256	2,407	1,978

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