SHE:300450 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	13,171	11,844	16,622	13,914	10,031	5,851
Other Revenue	11.17	11.17	6.48	18.52	5.95	7.18
Revenue	13,182	11,855	16,628	13,932	10,037	5,858
Revenue Growth (YoY)	5.00%	-28.71%	19.35%	38.82%	71.32%	25.07%
Cost of Revenue	9,582	8,352	11,171	8,804	6,686	3,893
Gross Profit	3,600	3,503	5,457	5,128	3,351	1,965
Selling, General & Admin	1,349	1,356	1,406	1,116	790.92	493.45
Research & Development	1,633	1,668	1,674	1,346	897.16	537.12
Other Operating Expenses	-152.77	-264.31	-193.32	-183.87	-159.27	-69.34
Operating Expenses	2,624	3,310	3,635	2,749	1,762	1,202
Operating Income	975.39	193.59	1,822	2,379	1,589	762.65
Interest Expense	-126.71	-61.98	-20.22	-20.14	-22.77	-25.86
Interest & Investment Income	59.19	38.41	61.25	100.06	90.11	52.36
Currency Exchange Gain (Loss)	45.86	45.86	9.52	31.74	-2.16	-25.83
Other Non Operating Income (Expenses)	-9.07	-15.17	-13.33	-12.23	-7.11	-13.43
EBT Excluding Unusual Items	944.67	200.71	1,859	2,479	1,647	749.88
Impairment of Goodwill	-	-	-	-1.31	-1.49	-1.32
Gain (Loss) on Sale of Investments	2.74	-16.76	-7.24	1.11	8.23	0.19
Gain (Loss) on Sale of Assets	-5.19	-5.19	-15.14	0.21	-2.22	0.02
Asset Writedown	-108.98	-	-	-	-	-
Other Unusual Items	-66.51	-66.51	74.28	62.09	53.69	89.78
Pretax Income	766.73	112.26	1,911	2,541	1,705	838.55
Income Tax Expense	-75.64	-155.78	139.92	222.75	120.36	71.05
Earnings From Continuing Operations	842.37	268.03	1,771	2,318	1,585	767.51
Minority Interest in Earnings	21.58	18.07	3.79	-	-	-
Net Income	863.95	286.1	1,775	2,318	1,585	767.51
Net Income to Common	863.95	286.1	1,775	2,318	1,585	767.51
Net Income Growth	1353.55%	-83.88%	-23.45%	46.28%	106.47%	0.25%
Shares Outstanding (Basic)	1,555	1,555	1,569	1,564	1,235	1,410
Shares Outstanding (Diluted)	1,555	1,555	1,569	1,565	1,236	1,413
Shares Change (YoY)	-0.57%	-0.89%	0.25%	26.56%	-12.47%	0.12%
EPS (Basic)	0.56	0.18	1.13	1.48	1.28	0.54
EPS (Diluted)	0.56	0.18	1.13	1.48	1.28	0.54
EPS Growth	1361.92%	-83.73%	-23.64%	15.58%	135.89%	0.13%
Free Cash Flow	3,924	-2,440	-1,414	704.22	837.15	926.86
Free Cash Flow Per Share	2.52	-1.57	-0.90	0.45	0.68	0.66
Dividend Per Share	0.056	0.056	0.343	0.537	0.500	0.188
Dividend Growth	-83.67%	-83.67%	-36.13%	7.40%	166.67%	84.00%
Gross Margin	27.31%	29.55%	32.82%	36.81%	33.38%	33.54%
Operating Margin	7.40%	1.63%	10.96%	17.08%	15.83%	13.02%
Profit Margin	6.55%	2.41%	10.67%	16.64%	15.79%	13.10%
Free Cash Flow Margin	29.77%	-20.58%	-8.51%	5.05%	8.34%	15.82%
EBITDA	1,204	415.98	2,036	2,526	1,692	842.54
EBITDA Margin	9.13%	3.51%	12.24%	18.13%	16.86%	14.38%
D&A For EBITDA	228.4	222.39	214.37	146.53	103.68	79.89
EBIT	975.39	193.59	1,822	2,379	1,589	762.65
EBIT Margin	7.40%	1.63%	10.95%	17.08%	15.83%	13.02%
Effective Tax Rate	-	-	7.32%	8.77%	7.06%	8.47%
Revenue as Reported	13,182	11,855	16,628	13,932	10,037	5,858
Advertising Expenses	-	7.25	9.8	5.39	3.13	3.08

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