SHE:300850 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	4,412	2,759	2,666	2,584	2,455	2,046
Other Revenue	186.46	186.46	157.55	69.15	22.12	18.89
Revenue	4,598	2,946	2,824	2,653	2,477	2,064
Revenue Growth (YoY)	70.51%	4.32%	6.41%	7.13%	19.98%	221.01%
Cost of Revenue	3,354	2,423	2,099	1,924	1,713	1,436
Gross Profit	1,245	522.52	724.88	729.77	763.41	628.51
Selling, General & Admin	110.52	90.36	78.6	71.37	39.23	33.06
Research & Development	168.61	114.98	139.68	129.32	106.34	96.17
Other Operating Expenses	1.3	-11.28	-10.37	3.74	10.75	6.88
Operating Expenses	355.88	242.11	303.11	257.29	199.54	157.83
Operating Income	888.91	280.41	421.77	472.48	563.87	470.68
Interest Expense	-107.54	-116.25	-101.24	-117.28	-82.34	-14.61
Interest & Investment Income	42.6	42.54	23.94	36.69	8.16	3.44
Currency Exchange Gain (Loss)	0.04	0.04	0.05	-0.34	-0.36	-0.08
Other Non Operating Income (Expenses)	-6.79	-3.23	-5.2	11.87	-1.46	-18.95
EBT Excluding Unusual Items	817.22	203.51	339.32	403.42	487.87	440.49
Impairment of Goodwill	-	-	-	-37.44	-	-
Gain (Loss) on Sale of Investments	56.27	-145.53	65.99	18.7	92.42	53.07
Gain (Loss) on Sale of Assets	0.27	0.16	2.99	-16.37	0.05	0.03
Asset Writedown	-6.73	-2.22	-1.25	-	-0	-
Legal Settlements	-0.03	-0.03	7.99	-9.71	-	-
Other Unusual Items	44.23	27.04	27.5	-18.28	6.45	2.34
Pretax Income	911.24	82.93	442.55	340.31	586.79	495.92
Income Tax Expense	117.6	-2.77	49.2	11.88	71.75	71.2
Earnings From Continuing Operations	793.64	85.7	393.35	328.44	515.04	424.72
Minority Interest in Earnings	-28.33	-20.33	-18.5	-12.33	-0.73	-
Net Income	765.31	65.38	374.84	316.1	514.31	424.72
Net Income to Common	765.31	65.38	374.84	316.1	514.31	424.72
Net Income Growth	-	-82.56%	18.58%	-38.54%	21.09%	325.44%
Shares Outstanding (Basic)	372	363	335	329	314	262
Shares Outstanding (Diluted)	384	363	335	329	314	262
Shares Change (YoY)	7.15%	8.52%	1.64%	5.00%	19.88%	14.26%
EPS (Basic)	2.06	0.18	1.12	0.96	1.64	1.62
EPS (Diluted)	1.99	0.18	1.12	0.96	1.64	1.62
EPS Growth	-	-83.93%	16.67%	-41.46%	1.02%	272.36%
Free Cash Flow	-292.18	-285.52	-1,331	-1,954	-913.29	-69.04
Free Cash Flow Per Share	-0.76	-0.79	-3.98	-5.93	-2.91	-0.26
Dividend Per Share	0.092	0.092	0.104	0.096	0.157	0.142
Dividend Growth	-11.54%	-11.54%	8.33%	-38.66%	10.29%	-
Gross Margin	27.07%	17.74%	25.67%	27.50%	30.82%	30.45%
Operating Margin	19.33%	9.52%	14.94%	17.81%	22.77%	22.80%
Profit Margin	16.64%	2.22%	13.28%	11.91%	20.76%	20.57%
Free Cash Flow Margin	-6.35%	-9.69%	-47.13%	-73.64%	-36.87%	-3.34%
EBITDA	1,251	564.7	601.73	595.63	632.45	510.25
EBITDA Margin	27.21%	19.17%	21.31%	22.45%	25.53%	24.72%
D&A For EBITDA	362.53	284.29	179.96	123.15	68.58	39.57
EBIT	888.91	280.41	421.77	472.48	563.87	470.68
EBIT Margin	19.33%	9.52%	14.94%	17.81%	22.77%	22.80%
Effective Tax Rate	12.91%	-	11.12%	3.49%	12.23%	14.36%
Revenue as Reported	4,598	2,946	2,824	2,653	2,477	2,064
Advertising Expenses	-	1.53	0.26	-	0.85	0

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