SHE:301631 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 2021	FY 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	4,653	3,867	3,042	1,413	691.72	727.9
Other Revenue	38.55	38.55	32.45	20.68	7.05	7.34
Revenue	4,692	3,905	3,075	1,434	698.77	735.24
Revenue Growth (YoY)	25.52%	27.01%	114.42%	105.20%	-4.96%	-
Cost of Revenue	3,955	3,289	2,520	1,125	539.09	549.35
Gross Profit	736.47	616.01	554.3	309.38	159.68	185.89
Selling, General & Admin	211.53	172.83	115.54	61.63	41.4	43.84
Research & Development	163.76	144.08	108.17	60.91	38.46	30.78
Other Operating Expenses	12.39	4.75	9.54	3.15	-0.45	1.43
Operating Expenses	406.17	332.22	232.74	139.21	72.35	75.83
Operating Income	330.3	283.79	321.56	170.16	87.33	110.06
Interest Expense	-12.41	-12.29	-10.73	-5.97	-4.06	-6.31
Interest & Investment Income	7.53	2.09	1.01	0.34	0.07	0.3
Currency Exchange Gain (Loss)	0.52	0.52	0.42	-0.9	-1.39	0.73
Other Non Operating Income (Expenses)	-3.4	-2.21	0.12	0.65	-0.13	-1.35
EBT Excluding Unusual Items	322.52	271.9	312.37	164.27	81.83	103.43
Gain (Loss) on Sale of Investments	5.24	-3.4	-15.32	-1.56	-3.3	-2.14
Gain (Loss) on Sale of Assets	2.01	-0.46	0.18	-0.81	-	-0.04
Asset Writedown	-5.83	-0.66	-1.34	-0.1	-0.03	-
Other Unusual Items	18.06	18.06	12.56	-0.51	-0.49	0.37
Pretax Income	342.01	285.45	308.45	161.28	78	101.62
Income Tax Expense	72.37	51.5	53.39	22.47	12.82	19.71
Earnings From Continuing Operations	269.64	233.95	255.05	138.81	65.18	81.92
Minority Interest in Earnings	1	-0.82	4.84	3.8	0.42	-
Net Income	270.64	233.13	259.89	142.61	65.6	81.92
Net Income to Common	270.64	233.13	259.89	142.61	65.6	81.92
Net Income Growth	1.55%	-10.30%	82.24%	117.38%	-19.92%	-
Shares Outstanding (Basic)	88	70	69	64	60	56
Shares Outstanding (Diluted)	88	70	69	64	60	56
Shares Change (YoY)	27.82%	2.88%	6.39%	6.59%	8.53%	-
EPS (Basic)	3.09	3.31	3.79	2.21	1.09	1.47
EPS (Diluted)	3.09	3.31	3.79	2.21	1.09	1.47
EPS Growth	-20.55%	-12.81%	71.29%	103.95%	-26.21%	-
Free Cash Flow	205.83	156.71	85.19	-29.32	127.44	50.25
Free Cash Flow Per Share	2.35	2.22	1.24	-0.46	2.11	0.90
Dividend Per Share	0.857	0.857	-	-	-	-
Gross Margin	15.70%	15.78%	18.03%	21.58%	22.85%	25.28%
Operating Margin	7.04%	7.27%	10.46%	11.87%	12.50%	14.97%
Profit Margin	5.77%	5.97%	8.45%	9.95%	9.39%	11.14%
Free Cash Flow Margin	4.39%	4.01%	2.77%	-2.04%	18.24%	6.83%
EBITDA	386.45	332.02	359.24	184.39	97.87	116.42
EBITDA Margin	8.24%	8.50%	11.68%	12.86%	14.01%	15.83%
D&A For EBITDA	56.15	48.23	37.67	14.22	10.53	6.36
EBIT	330.3	283.79	321.56	170.16	87.33	110.06
EBIT Margin	7.04%	7.27%	10.46%	11.87%	12.50%	14.97%
Effective Tax Rate	21.16%	18.04%	17.31%	13.93%	16.44%	19.39%
Revenue as Reported	4,692	3,905	3,075	1,434	698.77	735.24
Advertising Expenses	-	1.92	0.42	0.45	0.15	0.39

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