SHE:301016 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	358.19	344.69	335.4	450.34	497.9	462.25
Other Revenue	21.34	21.34	12.21	-	12.33	4.61
Revenue	379.52	366.03	347.61	450.34	510.23	466.86
Revenue Growth (YoY)	8.90%	5.30%	-22.81%	-11.74%	9.29%	25.96%
Cost of Revenue	243.89	226.47	235.54	280.49	294.58	265.73
Gross Profit	135.63	139.56	112.08	169.85	215.65	201.14
Selling, General & Admin	42.83	48	42.59	47.05	46.76	47.22
Research & Development	26.23	23.65	20.81	23.47	20.9	19.68
Other Operating Expenses	3.06	3.36	2.22	6.27	4.95	3.06
Operating Expenses	72.82	75.74	67.01	77.73	73.63	69.16
Operating Income	62.81	63.82	45.06	92.13	142.02	131.98
Interest Expense	-0.54	-1.02	-0.95	-0.13	-1.39	-3.02
Interest & Investment Income	10.18	13.94	13.84	10.29	4.5	0.28
Currency Exchange Gain (Loss)	-0.06	-0.06	0.88	0.13	-1.33	0.2
Other Non Operating Income (Expenses)	0.8	-0.07	-0.08	0.04	-0.16	3.88
EBT Excluding Unusual Items	73.2	76.6	58.74	102.46	143.65	133.31
Gain (Loss) on Sale of Investments	0.33	0.33	-	-	-	-
Gain (Loss) on Sale of Assets	0.06	0.04	-0.08	-	-	-0.03
Asset Writedown	0.33	-0.13	0.03	-	-0.11	-
Other Unusual Items	1.61	1.61	1.88	3.06	5.66	1.93
Pretax Income	75.54	78.46	60.58	105.51	149.2	135.21
Income Tax Expense	9.85	11.34	6.35	14.7	22.3	20.79
Earnings From Continuing Operations	65.69	67.13	54.23	90.81	126.9	114.42
Minority Interest in Earnings	0.14	0.13	-	-	-	-
Net Income	65.83	67.25	54.23	90.81	126.9	114.42
Net Income to Common	65.83	67.25	54.23	90.81	126.9	114.42
Net Income Growth	5.89%	24.02%	-40.28%	-28.44%	10.90%	33.09%
Shares Outstanding (Basic)	222	219	217	217	191	164
Shares Outstanding (Diluted)	222	219	217	217	191	164
Shares Change (YoY)	1.45%	0.96%	-0.25%	13.92%	16.41%	0.61%
EPS (Basic)	0.30	0.31	0.25	0.42	0.66	0.70
EPS (Diluted)	0.30	0.31	0.25	0.42	0.66	0.70
EPS Growth	4.37%	22.84%	-40.13%	-37.18%	-4.73%	32.28%
Free Cash Flow	9.56	32.98	-41.64	100.99	113.21	98.69
Free Cash Flow Per Share	0.04	0.15	-0.19	0.46	0.59	0.60
Dividend Per Share	0.429	0.429	0.181	0.121	0.082	-
Dividend Growth	136.40%	136.40%	49.96%	46.72%	-	-
Gross Margin	35.74%	38.13%	32.24%	37.72%	42.27%	43.08%
Operating Margin	16.55%	17.44%	12.96%	20.46%	27.83%	28.27%
Profit Margin	17.34%	18.37%	15.60%	20.16%	24.87%	24.51%
Free Cash Flow Margin	2.52%	9.01%	-11.98%	22.43%	22.19%	21.14%
EBITDA	83.64	83.36	62.88	108.54	154.52	143.11
EBITDA Margin	22.04%	22.77%	18.09%	24.10%	30.29%	30.65%
D&A For EBITDA	20.83	19.54	17.81	16.41	12.5	11.14
EBIT	62.81	63.82	45.06	92.13	142.02	131.98
EBIT Margin	16.55%	17.44%	12.96%	20.46%	27.83%	28.27%
Effective Tax Rate	13.04%	14.45%	10.49%	13.94%	14.95%	15.37%
Revenue as Reported	379.52	366.03	347.61	450.34	510.23	-

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