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	2016 - 2019
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	2016 - 2019
Operating Revenue	10,265	7,329	4,607	3,096	2,939	2,231	Upgrade
Other Revenue	81.26	81.26	51.17	52.49	21.21	18.42	Upgrade
Revenue	10,346	7,410	4,658	3,148	2,960	2,249	Upgrade
Revenue Growth (YoY)	51.61%	59.08%	47.95%	6.37%	31.61%	44.54%	Upgrade
Cost of Revenue	8,589	6,161	4,050	2,819	2,628	2,008	Upgrade
Gross Profit	1,757	1,249	607.37	329.74	331.75	240.87	Upgrade
Selling, General & Admin	197.11	164.45	104.74	79.91	80.25	48.74	Upgrade
Research & Development	324.12	240.63	156.41	102.71	102.15	70.84	Upgrade
Other Operating Expenses	-13.73	-5.21	5.45	6.8	9.77	5.86	Upgrade
Operating Expenses	595.2	431.44	280.24	197.8	204.56	128.18	Upgrade
Operating Income	1,161	817.39	327.13	131.94	127.19	112.69	Upgrade
Interest Expense	-210.25	-49.34	-23.79	-24.3	-15.71	-18.36	Upgrade
Interest & Investment Income	39.11	27.12	17.35	3.05	7.36	2.83	Upgrade
Currency Exchange Gain (Loss)	36.86	36.86	9.25	21.5	-11.69	-18.55	Upgrade
Other Non Operating Income (Expenses)	-47.81	-29.97	-6.52	-2.14	-2.12	-1.23	Upgrade
EBT Excluding Unusual Items	979.41	802.06	323.43	130.04	105.03	77.38	Upgrade
Impairment of Goodwill	-	-	-	-3.46	-	-	Upgrade
Gain (Loss) on Sale of Investments	-28.02	-27.87	-20.31	-11.36	-0.65	0.05	Upgrade
Gain (Loss) on Sale of Assets	-0.49	-0.07	-1.5	0.64	0.02	3.24	Upgrade
Asset Writedown	-40.7	-0.54	-0.14	-1.02	-0.93	-2.17	Upgrade
Other Unusual Items	11.77	11.77	15.22	25.25	25.95	30.34	Upgrade
Pretax Income	921.97	785.34	316.7	140.08	129.42	108.84	Upgrade
Income Tax Expense	103.43	98.25	30.56	9.2	5.6	8.61	Upgrade
Earnings From Continuing Operations	818.54	687.09	286.14	130.89	123.82	100.24	Upgrade
Minority Interest in Earnings	14.15	4.7	1.15	0.02	2.45	-	Upgrade
Net Income	832.69	691.78	287.29	130.91	126.27	100.24	Upgrade
Net Income to Common	832.69	691.78	287.29	130.91	126.27	100.24	Upgrade
Net Income Growth	28.40%	140.80%	119.46%	3.67%	25.97%	5.21%	Upgrade
Shares Outstanding (Basic)	416	342	327	291	290	246	Upgrade
Shares Outstanding (Diluted)	416	342	327	291	290	246	Upgrade
Shares Change (YoY)	55.68%	4.66%	12.40%	0.38%	17.70%	14.46%	Upgrade
EPS (Basic)	2.00	2.02	0.88	0.45	0.44	0.41	Upgrade
EPS (Diluted)	2.00	2.02	0.88	0.45	0.44	0.41	Upgrade
EPS Growth	-17.52%	130.07%	95.24%	3.28%	7.03%	-8.08%	Upgrade
Free Cash Flow	-9,787	-650.54	-245.72	29.22	-58.97	-165.98	Upgrade
Free Cash Flow Per Share	-23.51	-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	16.98%	16.85%	13.04%	10.47%	11.21%	10.71%	Upgrade
Operating Margin	11.23%	11.03%	7.02%	4.19%	4.30%	5.01%	Upgrade
Profit Margin	8.05%	9.34%	6.17%	4.16%	4.27%	4.46%	Upgrade
Free Cash Flow Margin	-94.59%	-8.78%	-5.27%	0.93%	-1.99%	-7.38%	Upgrade
EBITDA	1,259	901.63	394.17	190.45	167.33	140.86	Upgrade
EBITDA Margin	12.17%	12.17%	8.46%	6.05%	5.65%	6.26%	Upgrade
D&A For EBITDA	97.14	84.24	67.03	58.51	40.14	28.17	Upgrade
EBIT	1,161	817.39	327.13	131.94	127.19	112.69	Upgrade
EBIT Margin	11.23%	11.03%	7.02%	4.19%	4.30%	5.01%	Upgrade
Effective Tax Rate	11.22%	12.51%	9.65%	6.57%	4.33%	7.91%	Upgrade
Revenue as Reported	10,346	7,410	4,658	3,148	2,960	2,249	Upgrade
Advertising Expenses	-	2.27	1.04	0.05	0.8	-	Upgrade

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