SHE:301000 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	806.21	733.44	559.43	513.77	561.19	474.75
Other Revenue	22.5	22.5	31.78	20.82	23.2	20.31
Revenue	828.71	755.94	591.21	534.59	584.39	495.06
Revenue Growth (YoY)	20.39%	27.86%	10.59%	-8.52%	18.05%	47.91%
Cost of Revenue	558.82	502.86	405.97	370.25	387.35	317.55
Gross Profit	269.89	253.08	185.24	164.34	197.04	177.51
Selling, General & Admin	75.12	68.51	59.92	50.67	51.13	37.1
Research & Development	37.75	33	26.18	23.83	23.58	17.08
Other Operating Expenses	6.1	2.1	0.38	2.53	-2.68	1.33
Operating Expenses	118.09	105.75	88.25	77.15	71.43	58.66
Operating Income	151.8	147.33	96.99	87.18	125.61	118.85
Interest Expense	-0.32	-0.43	-0.77	-1.33	-1.69	-0.99
Interest & Investment Income	7.43	12.08	24.3	14.75	5.6	0.46
Currency Exchange Gain (Loss)	0.51	0.51	0.18	0.69	-0.8	0.03
Other Non Operating Income (Expenses)	-1.94	-2.4	-0.46	-0.36	0.08	-0.19
EBT Excluding Unusual Items	157.48	157.09	120.26	100.93	128.81	118.16
Gain (Loss) on Sale of Investments	2.39	2	-6.76	2.85	4.51	-
Gain (Loss) on Sale of Assets	0.08	-0.06	-0.22	-0.48	-0.49	-0.04
Asset Writedown	-0.39	-	-	-	-	-
Other Unusual Items	5.35	3.04	1.45	1	-	3.28
Pretax Income	164.91	162.08	114.74	104.3	132.82	121.39
Income Tax Expense	18.15	19.45	11.42	10.33	16.41	16.56
Earnings From Continuing Operations	146.76	142.63	103.31	93.97	116.42	104.83
Minority Interest in Earnings	-2.5	-0.83	-	0.27	-0.15	-0.48
Net Income	144.26	141.8	103.31	94.25	116.27	104.36
Net Income to Common	144.26	141.8	103.31	94.25	116.27	104.36
Net Income Growth	4.13%	37.25%	9.62%	-18.94%	11.42%	45.21%
Shares Outstanding (Basic)	240	240	240	240	217	181
Shares Outstanding (Diluted)	240	240	240	240	217	181
Shares Change (YoY)	-1.07%	0.03%	0.16%	10.52%	19.67%	-0.02%
EPS (Basic)	0.60	0.59	0.43	0.39	0.54	0.58
EPS (Diluted)	0.60	0.59	0.43	0.39	0.54	0.58
EPS Growth	5.25%	37.21%	9.44%	-26.66%	-6.90%	45.23%
Free Cash Flow	26.81	-48.19	-6.52	26.88	25.43	18.96
Free Cash Flow Per Share	0.11	-0.20	-0.03	0.11	0.12	0.10
Dividend Per Share	0.200	0.400	0.321	0.317	0.331	0.265
Dividend Growth	-61.64%	24.46%	1.26%	-4.02%	24.98%	-
Gross Margin	32.57%	33.48%	31.33%	30.74%	33.72%	35.86%
Operating Margin	18.32%	19.49%	16.41%	16.31%	21.50%	24.01%
Profit Margin	17.41%	18.76%	17.47%	17.63%	19.90%	21.08%
Free Cash Flow Margin	3.23%	-6.37%	-1.10%	5.03%	4.35%	3.83%
EBITDA	182.52	174.63	119.73	105.53	138.53	128.68
EBITDA Margin	22.02%	23.10%	20.25%	19.74%	23.71%	25.99%
D&A For EBITDA	30.72	27.29	22.73	18.34	12.91	9.83
EBIT	151.8	147.33	96.99	87.18	125.61	118.85
EBIT Margin	18.32%	19.49%	16.41%	16.31%	21.50%	24.01%
Effective Tax Rate	11.00%	12.00%	9.96%	9.90%	12.35%	13.64%
Revenue as Reported	828.71	755.94	591.21	534.59	584.39	495.06

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