SHE:300921 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	551.06	587.76	586.32	558.23	571.4	492.21
Other Revenue	13.6	13.6	17.39	9.07	5.34	2.83
Revenue	564.66	601.36	603.71	567.3	576.73	495.04
Revenue Growth (YoY)	-9.04%	-0.39%	6.42%	-1.64%	16.50%	-1.42%
Cost of Revenue	380.48	422.37	410.01	360.19	381.55	308.49
Gross Profit	184.18	178.99	193.7	207.11	195.18	186.55
Selling, General & Admin	105.3	111.88	122.53	111.07	96.75	75.33
Research & Development	50.31	56.01	58.07	55.55	52.44	33.3
Other Operating Expenses	1.44	1.07	-1.06	-2.86	-3.75	-3.62
Operating Expenses	163.84	175.22	181.36	166.23	147.24	105.07
Operating Income	20.34	3.78	12.34	40.89	47.94	81.48
Interest Expense	-1.34	-1.63	-1.55	-1.57	-0.92	-
Interest & Investment Income	3.62	5.03	10.21	12.28	15.51	1.98
Currency Exchange Gain (Loss)	0.19	0.19	-0.19	0.85	-0.23	-0.26
Other Non Operating Income (Expenses)	-0.37	-0.25	-0.12	-0.03	-0.24	0.12
EBT Excluding Unusual Items	22.44	7.12	20.69	52.42	62.06	83.31
Gain (Loss) on Sale of Investments	11.74	10.69	8.91	6.58	0.27	-
Gain (Loss) on Sale of Assets	-0.99	0.05	0.02	0.01	-0.22	-0.07
Asset Writedown	-0.43	-0.37	-0.51	-0.34	-	-
Other Unusual Items	2.66	1.61	4.33	1.25	4.06	2.7
Pretax Income	35.41	19.11	33.43	59.92	66.17	85.94
Income Tax Expense	0.75	1.82	-0.93	5.07	3.95	9.9
Earnings From Continuing Operations	34.67	17.29	34.36	54.85	62.22	76.04
Minority Interest in Earnings	0.15	1.01	3.16	2.46	0.6	0.03
Net Income	34.81	18.3	37.52	57.31	62.82	76.07
Net Income to Common	34.81	18.3	37.52	57.31	62.82	76.07
Net Income Growth	25.59%	-51.22%	-34.52%	-8.78%	-17.42%	5.80%
Shares Outstanding (Basic)	178	183	181	182	183	138
Shares Outstanding (Diluted)	178	183	181	182	183	138
Shares Change (YoY)	-5.54%	1.01%	-0.63%	-0.47%	32.46%	-0.01%
EPS (Basic)	0.20	0.10	0.21	0.31	0.34	0.55
EPS (Diluted)	0.20	0.10	0.21	0.31	0.34	0.55
EPS Growth	32.95%	-51.71%	-34.11%	-8.34%	-37.66%	5.81%
Free Cash Flow	55.03	0.63	10.86	56.76	16.91	71.75
Free Cash Flow Per Share	0.31	0.00	0.06	0.31	0.09	0.52
Dividend Per Share	0.071	0.071	0.143	0.143	0.164	0.317
Dividend Growth	-50.03%	-50.03%	-	-13.03%	-48.24%	-
Gross Margin	32.62%	29.76%	32.09%	36.51%	33.84%	37.68%
Operating Margin	3.60%	0.63%	2.04%	7.21%	8.31%	16.46%
Profit Margin	6.17%	3.04%	6.22%	10.10%	10.89%	15.37%
Free Cash Flow Margin	9.75%	0.10%	1.80%	10.01%	2.93%	14.49%
EBITDA	44.09	28.31	37.93	64.29	69.74	99.76
EBITDA Margin	7.81%	4.71%	6.28%	11.33%	12.09%	20.15%
D&A For EBITDA	23.75	24.54	25.59	23.41	21.79	18.29
EBIT	20.34	3.78	12.34	40.89	47.94	81.48
EBIT Margin	3.60%	0.63%	2.04%	7.21%	8.31%	16.46%
Effective Tax Rate	2.11%	9.53%	-	8.47%	5.97%	11.52%
Revenue as Reported	564.66	601.36	603.71	567.3	576.73	495.04

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