SHE:300475 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	34,147	24,258	11,254	13,763	9,190	252.03
Other Revenue	13.09	13.09	13.39	9.33	15.2	12.75
Revenue	34,160	24,271	11,268	13,772	9,206	264.78
Revenue Growth (YoY)	69.59%	115.40%	-18.19%	49.61%	3376.71%	-12.05%
Cost of Revenue	33,298	23,379	10,628	13,224	8,854	186.25
Gross Profit	862.55	892.52	639.47	548	351.55	78.54
Selling, General & Admin	289.17	261.92	113.87	90.17	89.21	35.93
Research & Development	18.29	20.84	10.57	12.66	8.44	11.47
Other Operating Expenses	-0.49	-0.79	0.35	-0.72	2.55	1.34
Operating Expenses	306.7	281.69	123.56	103.47	100.45	52.21
Operating Income	555.86	610.83	515.91	444.53	251.09	26.33
Interest Expense	-263.7	-250.25	-144.83	-117.97	-53.96	-0.63
Interest & Investment Income	29.71	25.15	2.35	33.94	68.23	26.09
Currency Exchange Gain (Loss)	-0.52	-0.52	8.4	-1.56	0.47	-
Other Non Operating Income (Expenses)	-5.02	-15.12	-8.68	-13.76	-12.67	-0.07
EBT Excluding Unusual Items	316.33	370.09	373.14	345.17	253.17	51.72
Gain (Loss) on Sale of Investments	10.72	-69.63	93.96	41.25	9.32	23.57
Gain (Loss) on Sale of Assets	1.08	1.09	0.91	0.11	3.15	0.43
Asset Writedown	-19.2	-0.15	-	-	-0	-5.63
Other Unusual Items	2.43	2.41	1.72	3.13	3.56	4.27
Pretax Income	311.37	303.8	469.73	389.66	269.21	74.36
Income Tax Expense	59.31	45.87	94.36	75.5	47.71	16.5
Earnings From Continuing Operations	252.06	257.94	375.37	314.16	221.49	57.86
Minority Interest in Earnings	7.04	6.14	2.29	-0.19	2.38	6.51
Net Income	259.1	264.07	377.66	313.97	223.87	64.38
Net Income to Common	259.1	264.07	377.66	313.97	223.87	64.38
Net Income Growth	-50.67%	-30.08%	20.29%	40.25%	247.76%	-0.36%
Shares Outstanding (Basic)	459	455	450	419	422	429
Shares Outstanding (Diluted)	476	472	450	419	422	429
Shares Change (YoY)	5.11%	4.88%	7.40%	-0.89%	-1.58%	-0.36%
EPS (Basic)	0.56	0.58	0.84	0.75	0.53	0.15
EPS (Diluted)	0.54	0.56	0.84	0.75	0.53	0.15
EPS Growth	-53.06%	-33.33%	12.00%	41.51%	253.33%	-
Free Cash Flow	307.48	-67.91	703.36	-685.11	-120.71	28.13
Free Cash Flow Per Share	0.65	-0.14	1.56	-1.64	-0.29	0.07
Dividend Per Share	0.093	0.058	0.166	0.140	0.107	-
Dividend Growth	-43.98%	-65.06%	18.57%	30.84%	-	-
Gross Margin	2.53%	3.68%	5.67%	3.98%	3.82%	29.66%
Operating Margin	1.63%	2.52%	4.58%	3.23%	2.73%	9.94%
Profit Margin	0.76%	1.09%	3.35%	2.28%	2.43%	24.31%
Free Cash Flow Margin	0.90%	-0.28%	6.24%	-4.98%	-1.31%	10.62%
EBITDA	568.04	622.4	526.64	455.26	265.83	42.52
EBITDA Margin	1.66%	2.56%	4.67%	3.31%	2.89%	16.06%
D&A For EBITDA	12.19	11.57	10.74	10.73	14.74	16.19
EBIT	555.86	610.83	515.91	444.53	251.09	26.33
EBIT Margin	1.63%	2.52%	4.58%	3.23%	2.73%	9.94%
Effective Tax Rate	19.05%	15.10%	20.09%	19.38%	17.72%	22.19%
Revenue as Reported	34,160	24,271	11,268	13,772	9,206	264.78
Advertising Expenses	-	0.09	0.52	0.16	-	-

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