SHE:301560 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	999.26	914.61	763.69	662.65	548.99	417.65
Other Revenue	63.68	63.68	58.4	50.65	44.37	25.6
Revenue	1,063	978.29	822.08	713.29	593.36	443.26
Revenue Growth (YoY)	29.30%	19.00%	15.25%	20.21%	33.87%	21.78%
Cost of Revenue	824.62	743.48	643.13	547.49	471.35	340.61
Gross Profit	238.32	234.81	178.95	165.8	122.01	102.65
Selling, General & Admin	95.99	76.28	66.31	43.85	39.27	26.66
Research & Development	47.64	37.78	36.28	30.91	26.31	20.29
Other Operating Expenses	2.04	1.13	0.6	4.38	1.6	2.36
Operating Expenses	147	119.47	103.8	81.83	67.56	51.32
Operating Income	91.32	115.34	75.15	83.97	54.46	51.33
Interest Expense	-10.1	-13.19	-9.91	-4.25	-3.77	-2.14
Interest & Investment Income	0.96	3.59	1.2	0.7	7.19	2.29
Currency Exchange Gain (Loss)	7.12	7.12	22.11	8.77	-7.72	-1.81
Other Non Operating Income (Expenses)	12.24	-1.46	-1.24	-0.64	0.89	-1.08
EBT Excluding Unusual Items	101.54	111.4	87.31	88.55	51.05	48.58
Gain (Loss) on Sale of Investments	-0.43	-0.12	-2.91	-1.99	0.51	0.25
Gain (Loss) on Sale of Assets	-0.36	-	0.2	-0.01	0.05	-
Asset Writedown	0.84	-0	0	-0.01	-0.03	-0
Other Unusual Items	1.12	1.12	1.99	-1.18	1.29	3.35
Pretax Income	102.71	112.4	86.6	85.37	52.88	52.18
Income Tax Expense	14.59	17.14	4.09	7.05	4.01	4.57
Earnings From Continuing Operations	88.12	95.26	82.51	78.32	48.87	47.61
Minority Interest in Earnings	0.86	0.13	0.04	-0.01	0.07	0.02
Net Income	88.98	95.39	82.55	78.31	48.95	47.63
Net Income to Common	88.98	95.39	82.55	78.31	48.95	47.63
Net Income Growth	7.78%	15.55%	5.42%	59.99%	2.76%	-5.88%
Shares Outstanding (Basic)	103	91	91	91	87	88
Shares Outstanding (Diluted)	103	91	91	91	87	88
Shares Change (YoY)	13.42%	0.14%	-0.38%	4.18%	-0.91%	1.10%
EPS (Basic)	0.86	1.05	0.91	0.86	0.56	0.54
EPS (Diluted)	0.86	1.05	0.91	0.86	0.56	0.54
EPS Growth	-4.97%	15.38%	5.81%	53.57%	3.70%	-6.90%
Free Cash Flow	-9.16	34.41	-77.19	28.13	-72.11	-17.85
Free Cash Flow Per Share	-0.09	0.38	-0.85	0.31	-0.82	-0.20
Dividend Per Share	0.080	-	-	-	-	0.525
Gross Margin	22.42%	24.00%	21.77%	23.24%	20.56%	23.16%
Operating Margin	8.59%	11.79%	9.14%	11.77%	9.18%	11.58%
Profit Margin	8.37%	9.75%	10.04%	10.98%	8.25%	10.75%
Free Cash Flow Margin	-0.86%	3.52%	-9.39%	3.94%	-12.15%	-4.03%
EBITDA	153.41	166.56	111.87	115.47	79.71	69.92
EBITDA Margin	14.43%	17.03%	13.61%	16.19%	13.43%	15.77%
D&A For EBITDA	62.09	51.22	36.73	31.5	25.26	18.59
EBIT	91.32	115.34	75.15	83.97	54.46	51.33
EBIT Margin	8.59%	11.79%	9.14%	11.77%	9.18%	11.58%
Effective Tax Rate	14.20%	15.25%	4.72%	8.26%	7.58%	8.76%
Revenue as Reported	1,063	978.29	822.08	713.29	593.36	443.26

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