SHE:300718 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	1,213	1,113	1,082	1,046	964.79	643.23
Other Revenue	24.75	24.75	23.86	25.12	20.19	12.02
Revenue	1,237	1,137	1,105	1,071	984.97	655.25
Revenue Growth (YoY)	10.35%	2.89%	3.18%	8.77%	50.32%	9.05%
Cost of Revenue	808.64	743.8	714.88	763.9	716.58	424.5
Gross Profit	428.85	393.65	390.57	307.49	268.4	230.75
Selling, General & Admin	97.6	88.15	83.5	80.08	77.55	58.37
Research & Development	51.45	49.82	49.68	44.32	41.21	33.4
Other Operating Expenses	12.85	8.57	6.96	8.17	6.45	5.84
Operating Expenses	163.07	147.64	140.25	133.28	124.51	98.85
Operating Income	265.78	246.01	250.33	174.22	143.89	131.9
Interest Expense	-3.02	-3.19	-2.91	-3.35	-1	-
Interest & Investment Income	18.92	16.42	19.3	23.95	28.46	33.57
Currency Exchange Gain (Loss)	1.97	1.97	9.03	7.59	-10.54	-0.39
Other Non Operating Income (Expenses)	9.3	-0.65	-1.01	-0.28	-0.29	-0.21
EBT Excluding Unusual Items	292.96	260.57	274.75	202.12	160.52	164.87
Gain (Loss) on Sale of Investments	2.09	6.08	5.14	-100.27	4.07	-0.28
Gain (Loss) on Sale of Assets	0.85	-0.16	0.57	0.15	4.17	-0.11
Asset Writedown	-0.95	-0.95	-5.21	-0.07	-0.06	-1.39
Other Unusual Items	7.69	8.94	6.73	11.35	9.73	6.32
Pretax Income	302.63	274.48	281.98	113.28	178.43	169.41
Income Tax Expense	45.05	38.72	40.12	12.14	22.71	23.2
Earnings From Continuing Operations	257.58	235.76	241.85	101.14	155.72	146.22
Minority Interest in Earnings	-9.86	-6.66	0.39	0.95	-0.67	-0.9
Net Income	247.72	229.1	242.24	102.1	155.05	145.32
Net Income to Common	247.72	229.1	242.24	102.1	155.05	145.32
Net Income Growth	6.41%	-5.43%	137.26%	-34.15%	6.69%	13.61%
Shares Outstanding (Basic)	298	298	299	300	298	297
Shares Outstanding (Diluted)	298	298	299	300	298	297
Shares Change (YoY)	0.04%	-0.51%	-0.41%	0.71%	0.54%	0.47%
EPS (Basic)	0.83	0.77	0.81	0.34	0.52	0.49
EPS (Diluted)	0.83	0.77	0.81	0.34	0.52	0.49
EPS Growth	6.37%	-4.94%	138.23%	-34.62%	6.12%	13.09%
Free Cash Flow	202.55	227.58	189.78	76.55	2.13	-1.3
Free Cash Flow Per Share	0.68	0.77	0.64	0.26	0.01	-0.00
Dividend Per Share	0.403	0.403	0.403	0.350	0.350	0.333
Dividend Growth	-	-	15.14%	-	5.01%	127.20%
Gross Margin	34.66%	34.61%	35.33%	28.70%	27.25%	35.22%
Operating Margin	21.48%	21.63%	22.64%	16.26%	14.61%	20.13%
Profit Margin	20.02%	20.14%	21.91%	9.53%	15.74%	22.18%
Free Cash Flow Margin	16.37%	20.01%	17.17%	7.14%	0.22%	-0.20%
EBITDA	331.95	311.2	314.2	232.47	195.3	176.65
EBITDA Margin	26.82%	27.36%	28.42%	21.70%	19.83%	26.96%
D&A For EBITDA	66.17	65.19	63.87	58.26	51.41	44.75
EBIT	265.78	246.01	250.33	174.22	143.89	131.9
EBIT Margin	21.48%	21.63%	22.64%	16.26%	14.61%	20.13%
Effective Tax Rate	14.89%	14.11%	14.23%	10.71%	12.73%	13.69%
Revenue as Reported	1,237	1,137	1,105	1,071	984.97	655.25
Advertising Expenses	-	0.93	0.67	0.28	0.66	0.96

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