SHE:301577 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 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	421.24	411.97	426.32	479.65	335.71	288.34
Other Revenue	10.26	10.26	9.4	7.66	3.22	0.78
Revenue	431.5	422.24	435.72	487.31	338.93	289.13
Revenue Growth (YoY)	4.61%	-3.09%	-10.59%	43.78%	17.22%	4.45%
Cost of Revenue	333.34	332.03	319.42	359.9	248.74	223.82
Gross Profit	98.16	90.21	116.3	127.42	90.19	65.31
Selling, General & Admin	46.31	42.45	35.91	34.25	25.43	24.91
Research & Development	25.86	25.57	22.41	22.62	11.05	8.75
Other Operating Expenses	-1.13	-1.79	-0.22	1.63	1.61	1.49
Operating Expenses	72.29	67.01	55.45	59.36	37.01	40.32
Operating Income	25.87	23.2	60.85	68.06	53.18	24.98
Interest Expense	-	0.01	-2.67	-2.25	-0.85	-0.36
Interest & Investment Income	7.23	8.28	1.1	0.29	0.05	0.06
Currency Exchange Gain (Loss)	2.58	2.58	2.77	4.92	-2.86	-0.06
Other Non Operating Income (Expenses)	0.17	-0.47	1.08	0.71	0.42	-0.09
EBT Excluding Unusual Items	35.84	33.61	63.13	71.72	49.94	24.54
Gain (Loss) on Sale of Investments	0	-	-2.18	-1.87	1.69	0.51
Gain (Loss) on Sale of Assets	-0.04	-0.05	-0.04	-0.01	0.31	-
Asset Writedown	-4.94	-	-	-	-	-
Other Unusual Items	0.25	0.25	0.81	5.19	1.5	0.16
Pretax Income	31.11	33.82	61.71	75.03	53.44	25.22
Income Tax Expense	2.59	1.55	6.72	8.17	7.76	3.74
Net Income	28.54	32.27	54.99	66.87	45.68	21.48
Net Income to Common	28.54	32.27	54.99	66.87	45.68	21.48
Net Income Growth	-3.70%	-41.32%	-17.77%	46.38%	112.71%	3.18%
Shares Outstanding (Basic)	45	44	33	33	32	30
Shares Outstanding (Diluted)	47	44	33	33	32	30
Shares Change (YoY)	15.12%	31.63%	0.07%	5.07%	4.15%	4.63%
EPS (Basic)	0.64	0.74	1.66	2.02	1.45	0.71
EPS (Diluted)	0.61	0.74	1.66	2.02	1.45	0.71
EPS Growth	-16.35%	-55.42%	-17.82%	39.31%	104.22%	-1.39%
Free Cash Flow	25.36	-3.77	-43.88	7.08	8.39	-14.37
Free Cash Flow Per Share	0.54	-0.09	-1.32	0.21	0.27	-0.47
Dividend Per Share	0.300	0.300	0.800	-	-	-
Dividend Growth	-62.50%	-62.50%	-	-	-	-
Gross Margin	22.75%	21.36%	26.69%	26.15%	26.61%	22.59%
Operating Margin	5.99%	5.50%	13.96%	13.97%	15.69%	8.64%
Profit Margin	6.61%	7.64%	12.62%	13.72%	13.48%	7.43%
Free Cash Flow Margin	5.88%	-0.89%	-10.07%	1.45%	2.48%	-4.97%
EBITDA	44.07	39.76	75.2	80.95	58.62	29.73
EBITDA Margin	10.21%	9.42%	17.26%	16.61%	17.29%	10.28%
D&A For EBITDA	18.21	16.55	14.35	12.89	5.44	4.74
EBIT	25.87	23.2	60.85	68.06	53.18	24.98
EBIT Margin	5.99%	5.50%	13.96%	13.97%	15.69%	8.64%
Effective Tax Rate	8.33%	4.59%	10.90%	10.88%	14.52%	14.84%
Revenue as Reported	431.5	422.24	435.72	487.31	-	-

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