SHE:300857 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	10,265	7,329	4,607	3,096	2,939	2,231
Other Revenue	81.26	81.26	51.17	52.49	21.21	18.42
Revenue	10,346	7,410	4,658	3,148	2,960	2,249
Revenue Growth (YoY)	51.61%	59.08%	47.95%	6.37%	31.61%	44.54%
Cost of Revenue	8,589	6,161	4,050	2,819	2,628	2,008
Gross Profit	1,757	1,249	607.37	329.74	331.75	240.87
Selling, General & Admin	197.11	164.45	104.74	79.91	80.25	48.74
Research & Development	324.12	240.63	156.41	102.71	102.15	70.84
Other Operating Expenses	-13.73	-5.21	5.45	6.8	9.77	5.86
Operating Expenses	595.2	431.44	280.24	197.8	204.56	128.18
Operating Income	1,161	817.39	327.13	131.94	127.19	112.69
Interest Expense	-210.25	-49.34	-23.79	-24.3	-15.71	-18.36
Interest & Investment Income	39.11	27.12	17.35	3.05	7.36	2.83
Currency Exchange Gain (Loss)	36.86	36.86	9.25	21.5	-11.69	-18.55
Other Non Operating Income (Expenses)	-47.81	-29.97	-6.52	-2.14	-2.12	-1.23
EBT Excluding Unusual Items	979.41	802.06	323.43	130.04	105.03	77.38
Impairment of Goodwill	-	-	-	-3.46	-	-
Gain (Loss) on Sale of Investments	-28.02	-27.87	-20.31	-11.36	-0.65	0.05
Gain (Loss) on Sale of Assets	-0.49	-0.07	-1.5	0.64	0.02	3.24
Asset Writedown	-40.7	-0.54	-0.14	-1.02	-0.93	-2.17
Other Unusual Items	11.77	11.77	15.22	25.25	25.95	30.34
Pretax Income	921.97	785.34	316.7	140.08	129.42	108.84
Income Tax Expense	103.43	98.25	30.56	9.2	5.6	8.61
Earnings From Continuing Operations	818.54	687.09	286.14	130.89	123.82	100.24
Minority Interest in Earnings	14.15	4.7	1.15	0.02	2.45	-
Net Income	832.69	691.78	287.29	130.91	126.27	100.24
Net Income to Common	832.69	691.78	287.29	130.91	126.27	100.24
Net Income Growth	28.40%	140.80%	119.46%	3.67%	25.97%	5.21%
Shares Outstanding (Basic)	416	342	327	291	290	246
Shares Outstanding (Diluted)	416	342	327	291	290	246
Shares Change (YoY)	55.68%	4.66%	12.40%	0.38%	17.70%	14.46%
EPS (Basic)	2.00	2.02	0.88	0.45	0.44	0.41
EPS (Diluted)	2.00	2.02	0.88	0.45	0.44	0.41
EPS Growth	-17.52%	130.07%	95.24%	3.28%	7.03%	-8.08%
Free Cash Flow	-9,787	-650.54	-245.72	29.22	-58.97	-165.98
Free Cash Flow Per Share	-23.51	-1.90	-0.75	0.10	-0.20	-0.67
Dividend Per Share	0.209	0.209	0.080	0.043	0.050	0.036
Dividend Growth	161.63%	161.63%	86.48%	-14.20%	40.06%	-
Gross Margin	16.98%	16.85%	13.04%	10.47%	11.21%	10.71%
Operating Margin	11.23%	11.03%	7.02%	4.19%	4.30%	5.01%
Profit Margin	8.05%	9.34%	6.17%	4.16%	4.27%	4.46%
Free Cash Flow Margin	-94.59%	-8.78%	-5.27%	0.93%	-1.99%	-7.38%
EBITDA	1,259	901.63	394.17	190.45	167.33	140.86
EBITDA Margin	12.17%	12.17%	8.46%	6.05%	5.65%	6.26%
D&A For EBITDA	97.14	84.24	67.03	58.51	40.14	28.17
EBIT	1,161	817.39	327.13	131.94	127.19	112.69
EBIT Margin	11.23%	11.03%	7.02%	4.19%	4.30%	5.01%
Effective Tax Rate	11.22%	12.51%	9.65%	6.57%	4.33%	7.91%
Revenue as Reported	10,346	7,410	4,658	3,148	2,960	2,249
Advertising Expenses	-	2.27	1.04	0.05	0.8	-

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