SHE:301587 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 2019	FY 2018
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Operating Revenue	592.83	574.44	634.07	704.29	258.4	364.28
Other Revenue	62.06	62.06	52.78	59.47	21.09	18.65
Revenue	654.89	636.5	686.85	763.76	279.49	382.93
Revenue Growth (YoY)	0.65%	-7.33%	-10.07%	173.27%	-27.02%	7.16%
Cost of Revenue	514.12	468.9	437.08	461.06	198.02	243.5
Gross Profit	140.76	167.59	249.77	302.7	81.46	139.43
Selling, General & Admin	61.73	55.89	54.08	57.64	23.76	26.57
Research & Development	58.45	55.78	56.38	52.22	16.57	22.59
Other Operating Expenses	4.43	-0.86	1.67	5.04	1.86	4.95
Operating Expenses	128.6	113.56	112.54	109.34	67.47	56.52
Operating Income	12.16	54.03	137.24	193.35	13.99	82.91
Interest Expense	-0.15	-0.14	-0.72	-2.95	-3.52	-7.24
Interest & Investment Income	19.9	14.15	4.53	0.39	1.53	0.27
Currency Exchange Gain (Loss)	2.13	2.13	1.38	1.29	0.45	-0.2
Other Non Operating Income (Expenses)	-0.91	-0.66	-0.22	-0.11	-0.53	-1.42
EBT Excluding Unusual Items	33.13	69.51	142.21	191.97	11.92	74.32
Gain (Loss) on Sale of Investments	5.71	4.25	-0.17	-0.62	-	-
Gain (Loss) on Sale of Assets	1.81	1.82	0.02	0.5	-0.76	1.88
Asset Writedown	-2.08	-0.2	0.18	-0.64	-1.54	-0.51
Other Unusual Items	4.98	3.85	9.12	8.65	-1.21	2.14
Pretax Income	43.56	79.23	151.36	199.86	8.41	77.83
Income Tax Expense	-0.24	4.51	15.39	16.34	-0.33	9.2
Earnings From Continuing Operations	43.8	74.72	135.97	183.52	8.74	68.62
Minority Interest in Earnings	2.33	0.36	-	-	-	-
Net Income	46.13	75.08	135.97	183.52	8.74	68.62
Net Income to Common	46.13	75.08	135.97	183.52	8.74	68.62
Net Income Growth	-44.29%	-44.78%	-25.91%	2000.59%	-87.27%	250.86%
Shares Outstanding (Basic)	148	139	111	111	109	95
Shares Outstanding (Diluted)	148	139	111	111	109	95
Shares Change (YoY)	15.01%	25.77%	-0.01%	1.23%	14.58%	-
EPS (Basic)	0.31	0.54	1.23	1.66	0.08	0.72
EPS (Diluted)	0.31	0.54	1.23	1.66	0.08	0.72
EPS Growth	-51.56%	-56.10%	-25.90%	1975.00%	-88.89%	-
Free Cash Flow	-492.13	-199.23	134.37	59.21	-119.84	28.7
Free Cash Flow Per Share	-3.32	-1.43	1.22	0.54	-1.10	0.30
Dividend Per Share	0.485	0.350	-	-	-	-
Gross Margin	21.49%	26.33%	36.36%	39.63%	29.15%	36.41%
Operating Margin	1.86%	8.49%	19.98%	25.32%	5.01%	21.65%
Profit Margin	7.04%	11.79%	19.80%	24.03%	3.13%	17.92%
Free Cash Flow Margin	-75.15%	-31.30%	19.56%	7.75%	-42.88%	7.49%
EBITDA	124.36	160.78	236.72	277.61	39.8	104.16
EBITDA Margin	18.99%	25.26%	34.47%	36.35%	14.24%	27.20%
D&A For EBITDA	112.2	106.75	99.49	84.25	25.8	21.25
EBIT	12.16	54.03	137.24	193.35	13.99	82.91
EBIT Margin	1.86%	8.49%	19.98%	25.32%	5.01%	21.65%
Effective Tax Rate	-	5.69%	10.17%	8.18%	-	11.83%
Revenue as Reported	654.89	636.5	686.85	-	-	-

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