SHE:301179 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	1,233	1,348	1,062	863.41	703.33	583.63
Other Revenue	0.16	0.16	0.02	0.02	0.02	0.03
Revenue	1,233	1,348	1,062	863.44	703.35	583.66
Revenue Growth (YoY)	1.26%	26.98%	22.96%	22.76%	20.51%	28.38%
Cost of Revenue	888.6	937.07	647.56	501.76	403.05	339.2
Gross Profit	344.66	411.03	414.11	361.68	300.3	244.46
Selling, General & Admin	145.54	137.41	117.7	76.63	64.61	58.81
Research & Development	76.32	70.2	49.64	32.96	24.43	21.32
Other Operating Expenses	10.14	5.34	5.75	5.12	4.64	2.42
Operating Expenses	247.76	227.1	184.87	120.23	97.53	83.24
Operating Income	96.9	183.93	229.25	241.44	202.76	161.22
Interest Expense	-12.28	-10.54	-10.16	-3.54	-0.01	-0.07
Interest & Investment Income	46.22	55.74	72.64	51.09	12.63	14.93
Other Non Operating Income (Expenses)	-2.15	-1.94	-1.62	-2.09	-2.03	-0.74
EBT Excluding Unusual Items	128.69	227.18	290.11	286.9	213.37	175.34
Gain (Loss) on Sale of Investments	31.8	19.45	16.48	11.71	9.74	1.1
Gain (Loss) on Sale of Assets	0.02	0.09	0.33	-0.01	0.06	0.06
Asset Writedown	0.74	-1.08	-0.85	-0.14	-	-
Other Unusual Items	0.71	-0.53	-0.01	0.52	-0.54	11.45
Pretax Income	161.95	245.11	306.06	298.98	222.63	187.95
Income Tax Expense	24.9	34.99	59.34	72.5	36.66	32.54
Earnings From Continuing Operations	137.05	210.12	246.72	226.48	185.97	155.41
Minority Interest in Earnings	7.85	8.31	9.61	0.18	0	0
Net Income	144.9	218.43	256.33	226.66	185.97	155.41
Net Income to Common	144.9	218.43	256.33	226.66	185.97	155.41
Net Income Growth	-42.43%	-14.78%	13.09%	21.88%	19.67%	42.70%
Shares Outstanding (Basic)	388	397	399	397	299	299
Shares Outstanding (Diluted)	388	397	405	397	299	299
Shares Change (YoY)	-4.06%	-1.88%	2.04%	32.61%	-0.06%	-0.01%
EPS (Basic)	0.37	0.55	0.64	0.57	0.62	0.52
EPS (Diluted)	0.37	0.55	0.63	0.57	0.62	0.52
EPS Growth	-39.99%	-13.15%	10.83%	-8.09%	19.74%	42.72%
Free Cash Flow	-97.43	-59.96	46.61	76.61	139.63	43.97
Free Cash Flow Per Share	-0.25	-0.15	0.12	0.19	0.47	0.15
Dividend Per Share	0.275	0.400	0.327	0.172	0.155	-
Dividend Growth	-39.21%	22.18%	90.46%	10.62%	-	-
Gross Margin	27.95%	30.49%	39.01%	41.89%	42.70%	41.88%
Operating Margin	7.86%	13.64%	21.59%	27.96%	28.83%	27.62%
Profit Margin	11.75%	16.20%	24.14%	26.25%	26.44%	26.63%
Free Cash Flow Margin	-7.90%	-4.45%	4.39%	8.87%	19.85%	7.53%
EBITDA	105.89	190.78	233.24	243.77	205.05	163.47
EBITDA Margin	8.59%	14.15%	21.97%	28.23%	29.15%	28.01%
D&A For EBITDA	8.99	6.85	4	2.33	2.28	2.25
EBIT	96.9	183.93	229.25	241.44	202.76	161.22
EBIT Margin	7.86%	13.64%	21.59%	27.96%	28.83%	27.62%
Effective Tax Rate	15.38%	14.28%	19.39%	24.25%	16.47%	17.31%
Revenue as Reported	1,233	1,348	1,062	863.44	703.35	583.66

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