SHE:300623 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	3,301	2,806	2,088	1,802	1,748	994.67
Other Revenue	38.79	38.79	18.38	21.3	24.53	16.23
Revenue	3,340	2,845	2,106	1,824	1,773	1,011
Revenue Growth (YoY)	24.36%	35.05%	15.51%	2.86%	75.37%	49.99%
Cost of Revenue	2,317	1,875	1,421	1,099	931.43	543.9
Gross Profit	1,023	969.82	685.66	724.41	841.37	467
Selling, General & Admin	220.57	194.43	218.55	170.58	171.02	96.27
Research & Development	217.53	271.87	257.2	212.94	131.61	74.38
Other Operating Expenses	27.81	-31.29	-3.05	12.31	13.64	9.65
Operating Expenses	474.15	439.11	471.87	401.52	315.3	183.32
Operating Income	548.72	530.71	213.79	322.89	526.07	283.68
Interest Expense	-0.19	-0.25	-31.46	-15.31	-1.11	-
Interest & Investment Income	4.05	6.08	7.97	11.29	23.29	26.85
Currency Exchange Gain (Loss)	-0.07	-0.07	-0.18	-17.78	-4.9	-3.6
Other Non Operating Income (Expenses)	4.86	4.08	-0.89	-2.57	-2.34	-0.41
EBT Excluding Unusual Items	557.37	540.54	189.23	298.52	541.01	306.5
Gain (Loss) on Sale of Investments	-0.01	-1.89	-4.66	-6.45	7.93	5.1
Gain (Loss) on Sale of Assets	0.9	35	0.45	36.97	0.85	3.8
Asset Writedown	2.83	-0.09	-	-	-	-
Other Unusual Items	34.83	34.88	22.55	42.94	19.4	9.05
Pretax Income	595.91	608.45	207.57	371.97	569.19	324.45
Income Tax Expense	104.01	110.37	3.55	16.48	76.69	42.12
Earnings From Continuing Operations	491.9	498.08	204.02	355.49	492.49	282.32
Minority Interest in Earnings	-4.57	-25.04	15.11	3.96	4.56	1.16
Net Income	487.33	473.04	219.13	359.45	497.06	283.49
Net Income to Common	487.33	473.04	219.13	359.45	497.06	283.49
Net Income Growth	19.09%	115.87%	-39.04%	-27.68%	75.34%	49.45%
Shares Outstanding (Basic)	816	751	730	734	731	727
Shares Outstanding (Diluted)	828	788	783	781	777	727
Shares Change (YoY)	7.65%	0.74%	0.15%	0.61%	6.85%	12.39%
EPS (Basic)	0.60	0.63	0.30	0.49	0.68	0.39
EPS (Diluted)	0.59	0.60	0.28	0.46	0.64	0.39
EPS Growth	10.62%	114.29%	-39.13%	-28.13%	64.10%	32.97%
Free Cash Flow	-53.79	107.74	-256.51	-1,752	-1,088	-242.14
Free Cash Flow Per Share	-0.07	0.14	-0.33	-2.24	-1.40	-0.33
Dividend Per Share	0.150	0.150	0.058	0.095	0.126	0.107
Dividend Growth	158.62%	158.62%	-38.95%	-24.60%	18.09%	28.09%
Gross Margin	30.62%	34.09%	32.55%	39.73%	47.46%	46.20%
Operating Margin	16.43%	18.66%	10.15%	17.71%	29.67%	28.06%
Profit Margin	14.59%	16.63%	10.40%	19.71%	28.04%	28.04%
Free Cash Flow Margin	-1.61%	3.79%	-12.18%	-96.06%	-61.35%	-23.95%
EBITDA	1,288	1,120	603.88	515.14	650.14	378.38
EBITDA Margin	38.56%	39.38%	28.67%	28.25%	36.67%	37.43%
D&A For EBITDA	739.38	589.68	390.09	192.25	124.07	94.7
EBIT	548.72	530.71	213.79	322.89	526.07	283.68
EBIT Margin	16.43%	18.66%	10.15%	17.71%	29.67%	28.06%
Effective Tax Rate	17.45%	18.14%	1.71%	4.43%	13.47%	12.98%
Revenue as Reported	3,340	2,845	2,106	1,824	1,773	1,011
Advertising Expenses	-	11.3	12.27	10.73	6.99	6.31

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