SHE:301109 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,837	2,429	1,857	1,570	2,079	1,101
Other Revenue	1.3	1.3	0.77	0.29	0.05	0.65
Revenue	2,838	2,431	1,857	1,571	2,079	1,101
Revenue Growth (YoY)	26.77%	30.86%	18.27%	-24.45%	88.75%	10.59%
Selling, General & Admin	216.95	146.91	142.1	113.95	106.87	73.15
Provision for Bad Debts	27.67	9.69	13.26	11.78	10.4	1.22
Other Operating Expenses	1,321	1,393	883.83	672.19	1,267	398.38
Total Operating Expenses	1,641	1,614	1,096	848.91	1,432	502.91
Operating Income	1,197	816.77	761.26	721.68	646.65	598.42
Interest Expense	-108	-110.26	-135.19	-166.73	-121.2	-91.69
Interest Income	36.83	42	39.92	24.26	6.41	5.68
Net Interest Expense	-71.18	-68.25	-95.27	-142.47	-114.79	-86.01
Currency Exchange Gain (Loss)	1.51	1.51	-0.56	0.7	4.74	-0.37
Other Non-Operating Income (Expenses)	-2.67	-0.37	0.13	-0.31	30.58	-5
EBT Excluding Unusual Items	1,125	749.66	665.55	579.61	567.18	507.04
Gain (Loss) on Sale of Investments	3.69	8.4	26.96	37.79	-3.09	-
Gain (Loss) on Sale of Assets	0.04	-0.05	0.35	-0.33	-	-
Asset Writedown	-0.92	0	0	-0	0.01	-0.92
Other Unusual Items	4.5	4.5	9.81	6.86	9.88	-2.81
Pretax Income	1,132	762.51	702.68	623.92	573.98	503.31
Income Tax Expense	131.2	76.26	49.89	36.45	34.6	15.61
Earnings From Continuing Ops.	1,001	686.25	652.8	587.47	539.38	487.7
Minority Interest in Earnings	-266.25	-149.97	-138.94	-121.24	-92.68	-72.35
Net Income	734.48	536.28	513.85	466.23	446.69	415.34
Net Income to Common	734.48	536.28	513.85	466.23	446.69	415.34
Net Income Growth	41.86%	4.36%	10.21%	4.37%	7.55%	30.33%
Shares Outstanding (Basic)	729	574	574	526	431	430
Shares Outstanding (Diluted)	729	574	574	526	431	430
Shares Change (YoY)	27.07%	-0.00%	9.09%	22.22%	0.00%	0.00%
EPS (Basic)	1.01	0.93	0.90	0.89	1.04	0.96
EPS (Diluted)	1.01	0.93	0.90	0.89	1.04	0.96
EPS Growth	11.64%	4.37%	1.03%	-14.60%	7.55%	30.33%
Free Cash Flow	552.53	50.65	299.77	393.47	-100.27	-457.75
Free Cash Flow Per Share	0.76	0.09	0.52	0.75	-0.23	-1.06
Dividend Per Share	0.643	0.643	0.643	0.643	0.181	-
Dividend Growth	-	-	-	255.39%	-	-
Profit Margin	25.88%	22.06%	27.66%	29.68%	21.49%	37.71%
Free Cash Flow Margin	19.47%	2.08%	16.14%	25.05%	-4.82%	-41.56%
EBITDA	1,536	1,135	1,050	1,004	874.79	767.84
EBITDA Margin	54.13%	46.68%	56.55%	63.93%	42.08%	69.72%
D&A For EBITDA	339.43	317.86	289.1	282.37	228.14	169.42
EBIT	1,197	816.77	761.26	721.68	646.65	598.42
EBIT Margin	42.17%	33.60%	40.98%	45.95%	31.11%	54.34%
Effective Tax Rate	11.59%	10.00%	7.10%	5.84%	6.03%	3.10%
Revenue as Reported	2,838	2,431	1,857	1,571	2,079	1,101

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