SHE:301600 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 2019
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 '19 Dec 31, 2019
Operating Revenue	960.58	1,018	811.18	577.98	413.13	273.29
Other Revenue	3.68	3.68	1.96	2.1	8.65	1.9
Revenue	964.25	1,022	813.14	580.08	421.78	275.19
Revenue Growth (YoY)	-3.11%	25.68%	40.18%	37.53%	53.27%	-9.06%
Cost of Revenue	692.52	730.94	600.33	418.94	296.59	202.68
Gross Profit	271.73	291.03	212.81	161.14	125.19	72.51
Selling, General & Admin	42.06	40.5	32.35	30.38	25.67	23.34
Research & Development	73.43	64.4	52.28	40.05	31.13	30.17
Other Operating Expenses	-19.08	-8.57	-13.05	-6.05	-4.2	-2.34
Operating Expenses	89.43	99.74	73.8	66.12	61.47	52.29
Operating Income	182.31	191.29	139.01	95.02	63.73	20.22
Interest Expense	-0.52	-0.28	-0.12	-0.15	-0.2	-0.17
Interest & Investment Income	11.31	5.37	3.11	1.34	0.75	0.29
Currency Exchange Gain (Loss)	-2.31	-2.31	-1.13	-2.01	0.01	-0.08
Other Non Operating Income (Expenses)	0.26	-0.22	-0.26	-0.35	-0.24	-0.25
EBT Excluding Unusual Items	191.05	193.85	140.62	93.86	64.04	20
Gain (Loss) on Sale of Investments	2.55	0.54	1.31	0.97	0.33	-
Gain (Loss) on Sale of Assets	-0.01	-0	-0.03	-	-	0
Asset Writedown	-0.33	-0.06	0.05	-	-0.08	-
Other Unusual Items	4.35	3.52	1.59	0.7	0.78	7.03
Pretax Income	197.61	197.85	143.53	95.53	65.08	27.03
Income Tax Expense	21.13	22.39	15.95	9.9	5.88	1.85
Net Income	176.48	175.47	127.58	85.63	59.2	25.18
Net Income to Common	176.48	175.47	127.58	85.63	59.2	25.18
Net Income Growth	4.27%	37.54%	48.99%	44.65%	135.07%	182.74%
Shares Outstanding (Basic)	98	85	78	78	75	99
Shares Outstanding (Diluted)	98	85	78	78	75	99
Shares Change (YoY)	15.62%	8.34%	0.14%	4.70%	-24.31%	19.08%
EPS (Basic)	1.80	2.07	1.63	1.09	0.79	0.26
EPS (Diluted)	1.80	2.07	1.63	1.09	0.79	0.26
EPS Growth	-9.82%	26.94%	48.79%	38.15%	210.55%	137.43%
Free Cash Flow	95.79	44.88	112.86	69.9	41.92	14.31
Free Cash Flow Per Share	0.98	0.53	1.44	0.89	0.56	0.14
Dividend Per Share	2.178	1.678	-	-	-	-
Gross Margin	28.18%	28.48%	26.17%	27.78%	29.68%	26.35%
Operating Margin	18.91%	18.72%	17.10%	16.38%	15.11%	7.35%
Profit Margin	18.30%	17.17%	15.69%	14.76%	14.04%	9.15%
Free Cash Flow Margin	9.93%	4.39%	13.88%	12.05%	9.94%	5.20%
EBITDA	185.5	195.03	143.46	98.12	66.66	23.69
EBITDA Margin	19.24%	19.08%	17.64%	16.91%	15.80%	8.61%
D&A For EBITDA	3.2	3.73	4.45	3.11	2.93	3.48
EBIT	182.31	191.29	139.01	95.02	63.73	20.22
EBIT Margin	18.91%	18.72%	17.10%	16.38%	15.11%	7.35%
Effective Tax Rate	10.69%	11.32%	11.12%	10.37%	9.04%	6.83%
Revenue as Reported	964.25	1,022	813.14	580.08	421.78	-

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