SHE:301010 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	1,013	1,114	1,149	898.32	909.04	770
Other Revenue	3.27	3.27	3.55	4.2	4.97	2.78
Revenue	1,016	1,117	1,152	902.52	914.02	772.79
Revenue Growth (YoY)	-15.10%	-3.01%	27.65%	-1.26%	18.28%	18.22%
Cost of Revenue	882.94	953.83	979.84	737.36	722.32	596.38
Gross Profit	133.17	163.57	172.26	165.16	191.7	176.4
Selling, General & Admin	78.65	88.48	95.39	82.35	72.69	70.41
Research & Development	32.4	32.73	38.08	28.75	28.91	23.66
Other Operating Expenses	-2.68	1.44	-7.82	-2.56	-1.06	-1.52
Operating Expenses	116.9	138.18	134.76	127.95	101.25	92.85
Operating Income	16.27	25.39	37.5	37.21	90.46	83.55
Interest Expense	-2.11	-2.39	-2.6	-1.76	-1.62	-1.61
Interest & Investment Income	0.5	0.98	0.96	1.14	0.61	0.49
Currency Exchange Gain (Loss)	0.02	0.02	0.18	0.22	-0.1	-0.27
Other Non Operating Income (Expenses)	5.51	5.3	1.94	-0.91	-0.53	0.22
EBT Excluding Unusual Items	20.19	29.3	37.98	35.9	88.82	82.38
Gain (Loss) on Sale of Investments	-1.54	-1.24	-0.22	0.37	-4.13	-
Gain (Loss) on Sale of Assets	0.26	0.13	-	-	-	-
Asset Writedown	-0.61	-	-0.03	-	-0	-0.03
Other Unusual Items	2.74	2.77	5.29	6.07	-8.32	-13.97
Pretax Income	21.04	30.96	43.02	42.34	76.36	68.38
Income Tax Expense	-0.53	1.03	5	2.62	9.15	8.17
Earnings From Continuing Operations	21.57	29.94	38.02	39.72	67.21	60.21
Minority Interest in Earnings	0.06	0.01	0.17	0.03	-0.11	-0
Net Income	21.63	29.95	38.19	39.76	67.1	60.21
Net Income to Common	21.63	29.95	38.19	39.76	67.1	60.21
Net Income Growth	-40.20%	-21.59%	-3.93%	-40.75%	11.45%	-5.20%
Shares Outstanding (Basic)	108	108	108	108	95	81
Shares Outstanding (Diluted)	108	108	108	108	95	81
Shares Change (YoY)	0.06%	0.02%	-0.02%	14.28%	16.16%	-0.07%
EPS (Basic)	0.20	0.28	0.35	0.37	0.71	0.74
EPS (Diluted)	0.20	0.28	0.35	0.37	0.71	0.74
EPS Growth	-40.24%	-21.60%	-3.91%	-48.16%	-4.05%	-5.13%
Free Cash Flow	34.62	-52.48	10.28	-57.96	-80.39	30.56
Free Cash Flow Per Share	0.32	-0.49	0.10	-0.54	-0.85	0.38
Dividend Per Share	0.200	0.200	0.200	0.100	0.200	-
Dividend Growth	-	-	100.00%	-50.00%	-	-
Gross Margin	13.11%	14.64%	14.95%	18.30%	20.97%	22.83%
Operating Margin	1.60%	2.27%	3.26%	4.12%	9.90%	10.81%
Profit Margin	2.13%	2.68%	3.31%	4.41%	7.34%	7.79%
Free Cash Flow Margin	3.41%	-4.70%	0.89%	-6.42%	-8.79%	3.95%
EBITDA	37.03	46.32	58.65	51.63	105.2	99.88
EBITDA Margin	3.64%	4.15%	5.09%	5.72%	11.51%	12.92%
D&A For EBITDA	20.76	20.93	21.15	14.43	14.74	16.33
EBIT	16.27	25.39	37.5	37.21	90.46	83.55
EBIT Margin	1.60%	2.27%	3.26%	4.12%	9.90%	10.81%
Effective Tax Rate	-	3.32%	11.62%	6.19%	11.98%	11.95%
Revenue as Reported	1,016	1,117	1,152	902.52	914.02	772.79

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