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	2017 - 2020
Period Ending	Jun '25 Jun 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	2017 - 2020
Operating Revenue	8,691	7,329	4,607	3,096	2,939	2,231	Upgrade
Other Revenue	85.13	81.26	51.17	52.49	21.21	18.42	Upgrade
Revenue	8,776	7,410	4,658	3,148	2,960	2,249	Upgrade
Revenue Growth (YoY)	37.20%	59.08%	47.95%	6.37%	31.61%	44.54%	Upgrade
Cost of Revenue	7,315	6,161	4,050	2,819	2,628	2,008	Upgrade
Gross Profit	1,461	1,249	607.37	329.74	331.75	240.87	Upgrade
Selling, General & Admin	182.73	164.45	104.74	79.91	80.25	48.74	Upgrade
Research & Development	258.97	240.63	156.41	102.71	102.15	70.84	Upgrade
Other Operating Expenses	-12.25	-5.21	5.45	6.8	9.77	5.86	Upgrade
Operating Expenses	494.33	431.44	280.24	197.8	204.56	128.18	Upgrade
Operating Income	966.48	817.39	327.13	131.94	127.19	112.69	Upgrade
Interest Expense	-114.66	-49.34	-23.79	-24.3	-15.71	-18.36	Upgrade
Interest & Investment Income	36.14	27.12	17.35	3.05	7.36	2.83	Upgrade
Currency Exchange Gain (Loss)	14.56	36.86	9.25	21.5	-11.69	-18.55	Upgrade
Other Non Operating Income (Expenses)	-39.69	-29.97	-6.52	-2.14	-2.12	-1.23	Upgrade
EBT Excluding Unusual Items	862.82	802.06	323.43	130.04	105.03	77.38	Upgrade
Impairment of Goodwill	-	-	-	-3.46	-	-	Upgrade
Gain (Loss) on Sale of Investments	-30.95	-27.87	-20.31	-11.36	-0.65	0.05	Upgrade
Gain (Loss) on Sale of Assets	-0.64	-0.07	-1.5	0.64	0.02	3.24	Upgrade
Asset Writedown	-0.09	-0.54	-0.14	-1.02	-0.93	-2.17	Upgrade
Other Unusual Items	15.14	11.77	15.22	25.25	25.95	30.34	Upgrade
Pretax Income	846.26	785.34	316.7	140.08	129.42	108.84	Upgrade
Income Tax Expense	94.47	98.25	30.56	9.2	5.6	8.61	Upgrade
Earnings From Continuing Operations	751.79	687.09	286.14	130.89	123.82	100.24	Upgrade
Minority Interest in Earnings	14.27	4.7	1.15	0.02	2.45	-	Upgrade
Net Income	766.06	691.78	287.29	130.91	126.27	100.24	Upgrade
Net Income to Common	766.06	691.78	287.29	130.91	126.27	100.24	Upgrade
Net Income Growth	43.98%	140.80%	119.46%	3.67%	25.97%	5.21%	Upgrade
Shares Outstanding (Basic)	343	342	327	291	290	246	Upgrade
Shares Outstanding (Diluted)	343	342	327	291	290	246	Upgrade
Shares Change (YoY)	1.24%	4.66%	12.40%	0.38%	17.70%	14.46%	Upgrade
EPS (Basic)	2.23	2.02	0.88	0.45	0.44	0.41	Upgrade
EPS (Diluted)	2.23	2.02	0.88	0.45	0.44	0.41	Upgrade
EPS Growth	42.22%	130.07%	95.24%	3.28%	7.03%	-8.08%	Upgrade
Free Cash Flow	-6,756	-650.54	-245.72	29.22	-58.97	-165.98	Upgrade
Free Cash Flow Per Share	-19.68	-1.90	-0.75	0.10	-0.20	-0.67	Upgrade
Dividend Per Share	0.209	0.209	0.080	0.043	0.050	0.036	Upgrade
Dividend Growth	161.63%	161.63%	86.48%	-14.20%	40.06%	-	Upgrade
Gross Margin	16.65%	16.85%	13.04%	10.47%	11.21%	10.71%	Upgrade
Operating Margin	11.01%	11.03%	7.02%	4.19%	4.30%	5.01%	Upgrade
Profit Margin	8.73%	9.34%	6.17%	4.16%	4.27%	4.46%	Upgrade
Free Cash Flow Margin	-76.98%	-8.78%	-5.27%	0.93%	-1.99%	-7.38%	Upgrade
EBITDA	1,105	901.63	394.17	190.45	167.33	140.86	Upgrade
EBITDA Margin	12.59%	12.17%	8.46%	6.05%	5.65%	6.26%	Upgrade
D&A For EBITDA	138.71	84.24	67.03	58.51	40.14	28.17	Upgrade
EBIT	966.48	817.39	327.13	131.94	127.19	112.69	Upgrade
EBIT Margin	11.01%	11.03%	7.02%	4.19%	4.30%	5.01%	Upgrade
Effective Tax Rate	11.16%	12.51%	9.65%	6.57%	4.33%	7.91%	Upgrade
Revenue as Reported	8,776	7,410	4,658	3,148	2,960	2,249	Upgrade
Advertising Expenses	-	2.27	1.04	0.05	0.8	-	Upgrade

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