SHE:300580 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	1,403	1,324	1,319	1,083	1,047	924.12
Other Revenue	32.77	32.77	24.48	14.1	10.19	7.02
Revenue	1,435	1,357	1,343	1,097	1,057	931.14
Revenue Growth (YoY)	4.12%	1.03%	22.42%	3.80%	13.53%	16.12%
Cost of Revenue	949.43	894.69	886.76	732.32	695.28	597.68
Gross Profit	485.99	462.36	456.48	364.95	361.82	333.47
Selling, General & Admin	115.05	114.68	114.88	111.41	114.53	85.57
Research & Development	74.17	69.66	74.45	58.79	46.25	46.16
Other Operating Expenses	-11.79	-11.25	-13.92	11.79	9.14	10.17
Operating Expenses	182.68	175.9	177.04	184.59	169.98	145.24
Operating Income	303.32	286.46	279.45	180.36	191.84	188.22
Interest Expense	-0.26	-0.52	-16	-19.66	-5.15	-1.47
Interest & Investment Income	26.85	25.27	15.24	12.34	16.17	10.43
Currency Exchange Gain (Loss)	6.9	6.9	5.98	12.32	-2.56	-7.23
Other Non Operating Income (Expenses)	-5.22	-0	0.55	-1.01	-0.31	-0.05
EBT Excluding Unusual Items	331.58	318.11	285.21	184.36	199.98	189.9
Gain (Loss) on Sale of Investments	2.64	7.27	3.39	-6.46	2.66	0.6
Gain (Loss) on Sale of Assets	2.24	-0.38	0.17	-0.17	1.63	0.07
Asset Writedown	0.22	-	-	-	-	-0
Other Unusual Items	2.85	2.1	10.15	28.32	21.58	11.89
Pretax Income	339.53	327.1	298.91	206.05	225.85	202.46
Income Tax Expense	39.24	38.2	33.51	-25.7	26.58	25.4
Earnings From Continuing Operations	300.29	288.91	265.4	231.74	199.28	177.06
Minority Interest in Earnings	-0.15	-0.16	-1.89	-2.87	-2.57	-0.45
Net Income	300.13	288.75	263.51	228.87	196.7	176.62
Net Income to Common	300.13	288.75	263.51	228.87	196.7	176.62
Net Income Growth	7.82%	9.58%	15.13%	16.35%	11.37%	5.24%
Shares Outstanding (Basic)	500	499	467	442	441	441
Shares Outstanding (Diluted)	500	499	467	466	487	444
Shares Change (YoY)	3.13%	6.91%	0.10%	-4.16%	9.61%	0.67%
EPS (Basic)	0.60	0.58	0.56	0.52	0.45	0.40
EPS (Diluted)	0.60	0.58	0.56	0.49	0.40	0.40
EPS Growth	4.54%	2.50%	15.02%	21.40%	1.61%	4.55%
Free Cash Flow	27.85	134.51	187.24	8.92	1.62	136.34
Free Cash Flow Per Share	0.06	0.27	0.40	0.02	0.00	0.31
Dividend Per Share	0.170	0.170	0.136	0.181	0.082	0.113
Dividend Growth	2.35%	24.91%	-24.97%	122.30%	-28.04%	47.08%
Gross Margin	33.86%	34.07%	33.98%	33.26%	34.23%	35.81%
Operating Margin	21.13%	21.11%	20.80%	16.44%	18.15%	20.21%
Profit Margin	20.91%	21.28%	19.62%	20.86%	18.61%	18.97%
Free Cash Flow Margin	1.94%	9.91%	13.94%	0.81%	0.15%	14.64%
EBITDA	483.73	460.01	443.86	315.38	307.98	288.64
EBITDA Margin	33.70%	33.90%	33.04%	28.74%	29.13%	31.00%
D&A For EBITDA	180.41	173.55	164.41	135.01	116.14	100.41
EBIT	303.32	286.46	279.45	180.36	191.84	188.22
EBIT Margin	21.13%	21.11%	20.80%	16.44%	18.15%	20.21%
Effective Tax Rate	11.56%	11.68%	11.21%	-	11.77%	12.55%
Revenue as Reported	1,435	1,357	1,343	1,097	1,057	931.14

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