SHE:301617 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	1,392	1,326	1,021	796.66	523.69	378.93
Other Revenue	2.01	2.01	3.68	1.82	0.68	0.52
Revenue	1,394	1,328	1,025	798.47	524.37	379.44
Revenue Growth (YoY)	8.45%	29.53%	28.39%	52.27%	38.20%	12.16%
Cost of Revenue	1,095	999.05	739.4	520.8	347.04	265.33
Gross Profit	299.78	328.83	285.75	277.67	177.33	114.12
Selling, General & Admin	47.23	43.13	37.47	36.85	29.92	23.14
Research & Development	53.52	41.34	35.67	30.48	21.42	14.55
Other Operating Expenses	-1.71	-3.06	-0.78	3.23	1.21	-0.43
Operating Expenses	99.79	81.28	76.12	70.34	52.44	38.76
Operating Income	199.99	247.55	209.64	207.33	124.89	75.36
Interest Expense	-	-0.03	-0	-0.46	-1.97	-3.05
Interest & Investment Income	5.67	3.24	1.14	0.51	0.13	6.42
Currency Exchange Gain (Loss)	-1.18	-1.18	0.11	0.35	-0.02	-0.26
Other Non Operating Income (Expenses)	-3.33	-0.33	-0.15	-0.52	-0.18	-0.3
EBT Excluding Unusual Items	201.14	249.25	210.74	207.21	122.85	78.17
Gain (Loss) on Sale of Investments	-0.63	-4.58	-2.31	-1.85	-1.4	-
Gain (Loss) on Sale of Assets	0.1	-0.03	-	0.34	-	-0.03
Asset Writedown	-0.03	-	-0.55	-4.39	-3.77	-6.17
Pretax Income	200.58	244.64	207.88	201.31	117.69	71.97
Income Tax Expense	25.71	31.52	25.78	24.99	14.4	7.93
Net Income	174.86	213.13	182.1	176.32	103.29	64.04
Net Income to Common	174.86	213.13	182.1	176.32	103.29	64.04
Net Income Growth	-16.43%	17.04%	3.28%	70.70%	61.30%	269.30%
Shares Outstanding (Basic)	143	100	100	100	96	95
Shares Outstanding (Diluted)	143	100	100	100	96	95
Shares Change (YoY)	72.29%	0.07%	0.08%	4.17%	0.84%	-
EPS (Basic)	1.22	2.12	1.82	1.76	1.07	0.67
EPS (Diluted)	1.22	2.12	1.82	1.76	1.07	0.67
EPS Growth	-51.50%	16.95%	3.19%	63.88%	60.41%	-
Free Cash Flow	-67.31	105.61	79.26	53.9	11.58	11.08
Free Cash Flow Per Share	-0.47	1.05	0.79	0.54	0.12	0.12
Dividend Per Share	0.431	0.462	-	-	-	-
Gross Margin	21.50%	24.76%	27.87%	34.78%	33.82%	30.08%
Operating Margin	14.34%	18.64%	20.45%	25.97%	23.82%	19.86%
Profit Margin	12.54%	16.05%	17.76%	22.08%	19.70%	16.88%
Free Cash Flow Margin	-4.83%	7.95%	7.73%	6.75%	2.21%	2.92%
EBITDA	229.51	274.78	233.82	228.5	144.2	91.33
EBITDA Margin	16.46%	20.69%	22.81%	28.62%	27.50%	24.07%
D&A For EBITDA	29.52	27.23	24.18	21.17	19.31	15.97
EBIT	199.99	247.55	209.64	207.33	124.89	75.36
EBIT Margin	14.34%	18.64%	20.45%	25.97%	23.82%	19.86%
Effective Tax Rate	12.82%	12.88%	12.40%	12.41%	12.23%	11.02%
Advertising Expenses	-	1.01	1	0.46	0.21	0.09

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