SHE:301008 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	1,141	1,020	876.59	819.11	759.79	570.77
Other Revenue	6.72	6.72	7.94	7.31	8.03	6.24
Revenue	1,148	1,027	884.53	826.42	767.82	577
Revenue Growth (YoY)	16.71%	16.09%	7.03%	7.63%	33.07%	14.01%
Cost of Revenue	987.66	860.82	712.92	679.22	623.91	425.07
Gross Profit	159.95	166.05	171.61	147.2	143.92	151.93
Selling, General & Admin	87.2	73.72	49.42	50.69	47.07	38.59
Research & Development	48.78	44.38	40.16	34.2	31.82	20.41
Other Operating Expenses	-1.21	-3.89	-2.08	5.06	2.64	3.31
Operating Expenses	134.71	117.26	87.65	92.96	86.38	64.34
Operating Income	25.24	48.79	83.96	54.24	57.54	87.59
Interest Expense	-11.03	-16.53	-9.3	-2.11	-1.9	-1.94
Interest & Investment Income	8.31	11.21	11.97	10.37	8.62	0.35
Currency Exchange Gain (Loss)	0.81	0.81	0.72	1.79	-0.35	-
Other Non Operating Income (Expenses)	1.02	1.31	1.45	-4.43	-0.11	-2.25
EBT Excluding Unusual Items	24.35	45.59	88.8	59.86	63.8	83.75
Impairment of Goodwill	-0.04	-0.04	-	-	-	-
Gain (Loss) on Sale of Investments	2.06	2.08	0.48	-0.23	-2.1	-3.02
Gain (Loss) on Sale of Assets	0.11	0.03	-0.09	-0.04	-0.27	0.03
Asset Writedown	0.99	-0.23	-0.05	-0.03	-0.02	-0.06
Other Unusual Items	9.05	9.05	6.48	12.08	11.8	12.59
Pretax Income	36.52	56.48	95.63	71.64	73.2	93.28
Income Tax Expense	2.3	4.74	9.57	4.5	5.18	11.38
Earnings From Continuing Operations	34.22	51.74	86.05	67.14	68.03	81.91
Minority Interest in Earnings	-0.29	0.72	-0.14	0.13	0.01	-
Net Income	33.93	52.47	85.91	67.26	68.04	81.91
Net Income to Common	33.93	52.47	85.91	67.26	68.04	81.91
Net Income Growth	-53.21%	-38.93%	27.72%	-1.14%	-16.93%	19.55%
Shares Outstanding (Basic)	116	112	112	112	98	84
Shares Outstanding (Diluted)	118	112	112	112	98	84
Shares Change (YoY)	6.71%	0.05%	-0.47%	14.74%	16.45%	-0.11%
EPS (Basic)	0.29	0.47	0.77	0.60	0.70	0.98
EPS (Diluted)	0.29	0.47	0.77	0.60	0.70	0.98
EPS Growth	-56.15%	-38.96%	28.33%	-13.84%	-28.66%	19.71%
Free Cash Flow	51.37	-35.04	-6.5	-91.85	-47.5	41.5
Free Cash Flow Per Share	0.43	-0.31	-0.06	-0.82	-0.49	0.49
Dividend Per Share	0.100	0.100	0.429	0.286	0.357	-
Dividend Growth	-76.67%	-76.67%	50.02%	-19.99%	-	-
Gross Margin	13.94%	16.17%	19.40%	17.81%	18.74%	26.33%
Operating Margin	2.20%	4.75%	9.49%	6.56%	7.49%	15.18%
Profit Margin	2.96%	5.11%	9.71%	8.14%	8.86%	14.19%
Free Cash Flow Margin	4.48%	-3.41%	-0.73%	-11.11%	-6.19%	7.19%
EBITDA	79.47	95.3	120.17	86.23	82.79	109.25
EBITDA Margin	6.93%	9.28%	13.59%	10.43%	10.78%	18.93%
D&A For EBITDA	54.23	46.51	36.21	31.98	25.26	21.65
EBIT	25.24	48.79	83.96	54.24	57.54	87.59
EBIT Margin	2.20%	4.75%	9.49%	6.56%	7.49%	15.18%
Effective Tax Rate	6.30%	8.39%	10.01%	6.28%	7.07%	12.20%
Revenue as Reported	1,148	1,027	884.53	826.42	767.82	577

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