SHE:301251 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	1,291	907.9	745.88	783.88	798.19	492.17
Other Revenue	113.74	113.74	76.81	52.95	63.14	32
Revenue	1,405	1,022	822.69	836.84	861.32	524.16
Revenue Growth (YoY)	46.38%	24.18%	-1.69%	-2.84%	64.32%	58.32%
Cost of Revenue	1,183	878.92	657.16	660.57	704.82	402.84
Gross Profit	222.66	142.72	165.53	176.26	156.5	121.32
Selling, General & Admin	91.12	82.77	52.61	47.86	41.77	28.04
Research & Development	63.92	46.19	37.15	35.18	34.9	23.21
Other Operating Expenses	9.03	-1.25	4.37	4.23	2.94	2.19
Operating Expenses	174.95	129.51	95.56	86.63	84.22	56.4
Operating Income	47.71	13.21	69.97	89.63	72.28	64.93
Interest Expense	-8.66	-6.13	-4.55	-5.08	-7.04	-7.18
Interest & Investment Income	14.52	16.94	5.01	1.87	4.51	1.12
Currency Exchange Gain (Loss)	13.69	13.69	4.31	8.55	-2.09	-1.88
Other Non Operating Income (Expenses)	-3.99	-0.43	0.32	-0.58	-2.13	-0.91
EBT Excluding Unusual Items	63.27	37.28	75.05	94.4	65.52	56.07
Gain (Loss) on Sale of Investments	0.03	0.04	0.84	-2.68	0.79	1.06
Gain (Loss) on Sale of Assets	-0.2	-0.2	0.27	-0.05	-0.52	0.02
Asset Writedown	-0.1	-1.41	-0.23	-0.63	-0.11	-0.7
Other Unusual Items	10.56	11.24	24.83	8.05	5.18	1.2
Pretax Income	73.55	46.95	100.76	99.09	70.87	57.66
Income Tax Expense	-4.98	-8.91	10.6	11.28	9.28	8.64
Net Income	78.53	55.86	90.16	87.8	61.59	49.02
Net Income to Common	78.53	55.86	90.16	87.8	61.59	49.02
Net Income Growth	30.03%	-38.05%	2.69%	42.56%	25.64%	214.33%
Shares Outstanding (Basic)	136	136	110	101	93	-
Shares Outstanding (Diluted)	136	136	110	101	93	-
Shares Change (YoY)	0.65%	23.91%	8.95%	8.15%	-	-
EPS (Basic)	0.58	0.41	0.82	0.87	0.66	-
EPS (Diluted)	0.58	0.41	0.82	0.87	0.66	-
EPS Growth	29.19%	-50.00%	-5.75%	31.82%	-	-
Free Cash Flow	-330.59	-184.03	-65.71	-78.33	5.17	25.31
Free Cash Flow Per Share	-2.43	-1.35	-0.60	-0.78	0.06	-
Dividend Per Share	0.134	0.134	0.134	-	-	-
Gross Margin	15.85%	13.97%	20.12%	21.06%	18.17%	23.15%
Operating Margin	3.40%	1.29%	8.51%	10.71%	8.39%	12.39%
Profit Margin	5.59%	5.47%	10.96%	10.49%	7.15%	9.35%
Free Cash Flow Margin	-23.52%	-18.01%	-7.99%	-9.36%	0.60%	4.83%
EBITDA	117.29	70.72	111.38	128.51	106.89	94.5
EBITDA Margin	8.35%	6.92%	13.54%	15.36%	12.41%	18.03%
D&A For EBITDA	69.58	57.51	41.41	38.88	34.61	29.57
EBIT	47.71	13.21	69.97	89.63	72.28	64.93
EBIT Margin	3.40%	1.29%	8.51%	10.71%	8.39%	12.39%
Effective Tax Rate	-	-	10.52%	11.39%	13.09%	14.98%
Revenue as Reported	1,405	1,022	822.69	836.84	-	-

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