SHE:300602 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	5,931	4,867	4,245	4,032	2,992	2,882
Other Revenue	163.63	163.63	100.68	92.25	65.87	47.09
Revenue	6,095	5,031	4,346	4,125	3,058	2,929
Revenue Growth (YoY)	22.23%	15.76%	5.37%	34.88%	4.39%	12.01%
Cost of Revenue	4,963	4,146	3,556	3,460	2,599	2,257
Gross Profit	1,132	884.82	789.68	664.72	459.3	672.09
Selling, General & Admin	385.57	385.83	416.81	409.12	330.77	281.31
Research & Development	324.56	263.16	231.29	249.36	201.54	200.21
Other Operating Expenses	-4.83	9.68	0.49	24.89	15.7	16.53
Operating Expenses	751.21	676.45	664.1	703.8	572.21	478.94
Operating Income	380.73	208.37	125.59	-39.08	-112.9	193.15
Interest Expense	-38.21	-34.79	-55.73	-61.67	-37.66	-18.58
Interest & Investment Income	12.38	14.36	19.61	38.78	112.96	6.99
Currency Exchange Gain (Loss)	19.88	19.88	3.3	44.22	-10.47	-23.09
Other Non Operating Income (Expenses)	4.56	-0.09	-11.37	-12.1	-2.18	-3.47
EBT Excluding Unusual Items	379.33	207.72	81.39	-29.86	-50.26	155
Impairment of Goodwill	-4.28	-4.28	-2.69	-	-61.63	-28.37
Gain (Loss) on Sale of Investments	-8.99	-30.32	-13.4	-	-	-
Gain (Loss) on Sale of Assets	3.04	-1.48	-0.84	-0.15	-3.63	3.66
Asset Writedown	-31.66	-7.75	-1.59	-	-3.27	-0.8
Other Unusual Items	46.83	46.83	27.61	71.02	94.91	95.21
Pretax Income	384.27	210.72	90.48	41.02	-23.88	224.7
Income Tax Expense	39.06	37.48	11.78	-33.5	2.71	17.55
Earnings From Continuing Operations	345.2	173.24	78.71	74.52	-26.59	207.14
Minority Interest in Earnings	-0.6	15.65	24.51	21.67	56.68	1.75
Net Income	344.61	188.89	103.21	96.19	30.09	208.89
Net Income to Common	344.61	188.89	103.21	96.19	30.09	208.89
Net Income Growth	86.72%	83.01%	7.31%	219.62%	-85.59%	-40.45%
Shares Outstanding (Basic)	575	572	543	506	502	497
Shares Outstanding (Diluted)	576	572	543	506	502	497
Shares Change (YoY)	1.42%	5.37%	7.31%	0.93%	0.84%	2.09%
EPS (Basic)	0.60	0.33	0.19	0.19	0.06	0.42
EPS (Diluted)	0.60	0.33	0.19	0.19	0.06	0.42
EPS Growth	84.10%	73.68%	-	216.67%	-85.71%	-41.67%
Free Cash Flow	212.76	-16.45	111.71	-626.36	-647.31	-179.99
Free Cash Flow Per Share	0.37	-0.03	0.21	-1.24	-1.29	-0.36
Dividend Per Share	0.038	0.038	0.033	-	0.010	0.050
Dividend Growth	15.54%	15.54%	-	-	-80.00%	-21.51%
Gross Margin	18.57%	17.59%	18.17%	16.12%	15.02%	22.94%
Operating Margin	6.25%	4.14%	2.89%	-0.95%	-3.69%	6.59%
Profit Margin	5.65%	3.75%	2.38%	2.33%	0.98%	7.13%
Free Cash Flow Margin	3.49%	-0.33%	2.57%	-15.19%	-21.17%	-6.14%
EBITDA	569.65	392.53	303.4	122.87	18.73	297.59
EBITDA Margin	9.35%	7.80%	6.98%	2.98%	0.61%	10.16%
D&A For EBITDA	188.92	184.16	177.81	161.95	131.64	104.44
EBIT	380.73	208.37	125.59	-39.08	-112.9	193.15
EBIT Margin	6.25%	4.14%	2.89%	-0.95%	-3.69%	6.59%
Effective Tax Rate	10.17%	17.79%	13.02%	-	-	7.81%
Revenue as Reported	6,095	5,031	4,346	4,125	3,058	2,929
Advertising Expenses	-	5.1	3.21	3.16	2.2	3.1

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