SHE:300957 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 - 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	2017 - 2019
Operating Revenue	5,153	5,707	5,707	4,998	4,008	2,621	Upgrade
Other Revenue	29.11	29.11	20.55	16.12	14.63	15.91	Upgrade
Revenue	5,182	5,736	5,727	5,014	4,022	2,636	Upgrade
Revenue Growth (YoY)	-17.92%	0.15%	14.23%	24.65%	52.57%	35.64%	Upgrade
Cost of Revenue	1,399	1,565	1,462	1,262	977.08	635.17	Upgrade
Gross Profit	3,783	4,170	4,266	3,752	3,045	2,001	Upgrade
Selling, General & Admin	3,195	3,379	3,023	2,391	1,926	1,276	Upgrade
Research & Development	266.86	295.17	298.82	254.7	113.22	63.44	Upgrade
Other Operating Expenses	127.47	63.06	47.45	54.71	52.12	10.77	Upgrade
Operating Expenses	3,591	3,750	3,382	2,700	2,097	1,355	Upgrade
Operating Income	192.04	420.76	883.6	1,052	948.45	645.86	Upgrade
Interest Expense	-16.66	-17.59	-4.97	-4.75	-4.19	-1.33	Upgrade
Interest & Investment Income	105.06	82.5	92.91	100.88	33.62	5.7	Upgrade
Currency Exchange Gain (Loss)	-1.23	-1.23	-0.72	0.03	-0	-	Upgrade
Other Non Operating Income (Expenses)	4.63	-1.13	-215.84	-1.72	-0.53	-2.21	Upgrade
EBT Excluding Unusual Items	283.84	483.32	754.97	1,147	977.35	648.01	Upgrade
Impairment of Goodwill	-90.69	-90.69	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	174.31	177.55	-17.24	-5.52	10.8	-	Upgrade
Gain (Loss) on Sale of Assets	-0.6	-4.15	0.69	-0.03	0.52	-0.17	Upgrade
Asset Writedown	10	-25	-	-	-	-	Upgrade
Other Unusual Items	101.63	67.37	130.39	72.75	29.21	-	Upgrade
Pretax Income	478.49	608.4	868.82	1,214	1,018	647.84	Upgrade
Income Tax Expense	112.27	113.61	109.61	163.33	153.81	104.08	Upgrade
Earnings From Continuing Operations	366.23	494.79	759.21	1,051	864.06	543.75	Upgrade
Minority Interest in Earnings	-6.06	8.26	-2.42	0.8	-1.14	-0.25	Upgrade
Net Income	360.16	503.05	756.8	1,051	862.92	543.51	Upgrade
Net Income to Common	360.16	503.05	756.8	1,051	862.92	543.51	Upgrade
Net Income Growth	-39.20%	-33.53%	-28.02%	21.83%	58.77%	31.94%	Upgrade
Shares Outstanding (Basic)	424	419	423	424	407	360	Upgrade
Shares Outstanding (Diluted)	424	419	423	424	407	360	Upgrade
Shares Change (YoY)	0.66%	-0.85%	-0.27%	4.15%	13.09%	-0.39%	Upgrade
EPS (Basic)	0.85	1.20	1.79	2.48	2.12	1.51	Upgrade
EPS (Diluted)	0.85	1.20	1.79	2.48	2.12	1.51	Upgrade
EPS Growth	-39.60%	-32.96%	-27.82%	16.98%	40.40%	32.46%	Upgrade
Free Cash Flow	568.66	316.48	336.16	416.02	882.04	341.57	Upgrade
Free Cash Flow Per Share	1.34	0.76	0.80	0.98	2.17	0.95	Upgrade
Dividend Per Share	0.600	0.600	0.600	0.800	0.600	0.450	Upgrade
Dividend Growth	-0.08%	-0.08%	-24.94%	33.33%	33.33%	60.71%	Upgrade
Gross Margin	73.00%	72.71%	74.48%	74.83%	75.71%	75.91%	Upgrade
Operating Margin	3.71%	7.34%	15.43%	20.99%	23.58%	24.50%	Upgrade
Profit Margin	6.95%	8.77%	13.21%	20.97%	21.45%	20.61%	Upgrade
Free Cash Flow Margin	10.97%	5.52%	5.87%	8.30%	21.93%	12.96%	Upgrade
EBITDA	305.81	516.08	954.32	1,110	968.11	659.61	Upgrade
EBITDA Margin	5.90%	9.00%	16.66%	22.15%	24.07%	25.02%	Upgrade
D&A For EBITDA	113.77	95.32	70.72	58.23	19.66	13.74	Upgrade
EBIT	192.04	420.76	883.6	1,052	948.45	645.86	Upgrade
EBIT Margin	3.71%	7.34%	15.43%	20.99%	23.58%	24.50%	Upgrade
Effective Tax Rate	23.46%	18.67%	12.62%	13.46%	15.11%	16.07%	Upgrade
Revenue as Reported	5,182	5,736	5,522	5,014	4,022	2,636	Upgrade
Advertising Expenses	-	2,046	1,922	1,534	1,249	811.84	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.