SHE:001328 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,733	1,558	1,374	1,311	1,140	1,028
Other Revenue	2.27	2.27	2.22	2.26	2.41	2.05
Revenue	1,735	1,560	1,376	1,313	1,143	1,030
Revenue Growth (YoY)	22.43%	13.40%	4.75%	14.95%	10.97%	9.08%
Cost of Revenue	869.46	795.74	771.84	785.81	665.92	604.13
Gross Profit	865.98	764.33	603.94	527.52	476.6	425.47
Selling, General & Admin	651.71	572.35	453.19	369.6	327.75	305.94
Research & Development	49.92	48.07	42.73	40.13	35.52	31.7
Other Operating Expenses	6.65	3.35	3.69	8.8	-5.34	8.84
Operating Expenses	708.42	623.25	499.22	419.21	358.18	346.47
Operating Income	157.56	141.08	104.72	108.3	118.42	79
Interest Expense	-0.91	-1.2	-1.42	-1.86	-1.99	-2.09
Interest & Investment Income	26.4	27.57	20.01	14.76	20.4	15.66
Other Non Operating Income (Expenses)	-0.73	0.16	-0.51	-0.22	0.17	-0.08
EBT Excluding Unusual Items	182.32	167.61	122.8	120.98	137	92.49
Gain (Loss) on Sale of Investments	4.93	6.65	11.1	0.1	0.64	1.91
Gain (Loss) on Sale of Assets	-0.04	-0.15	-	0.61	-	-0.01
Asset Writedown	0.62	-	-0.19	-	-2.9	-0
Other Unusual Items	15.71	12.76	27.11	24.05	-	11.97
Pretax Income	203.54	186.87	160.82	145.76	134.73	106.36
Income Tax Expense	24.41	25.69	19.52	11.14	15.87	11.12
Net Income	179.12	161.18	141.3	134.61	118.86	95.24
Net Income to Common	179.12	161.18	141.3	134.61	118.86	95.24
Net Income Growth	18.18%	14.07%	4.97%	13.25%	24.80%	50.79%
Shares Outstanding (Basic)	171	171	161	129	129	121
Shares Outstanding (Diluted)	171	171	161	129	129	121
Shares Change (YoY)	0.08%	6.79%	24.05%	0.18%	7.17%	14.52%
EPS (Basic)	1.04	0.94	0.88	1.04	0.92	0.79
EPS (Diluted)	1.04	0.94	0.88	1.04	0.92	0.79
EPS Growth	18.08%	6.82%	-15.38%	13.04%	16.46%	31.67%
Free Cash Flow	158.54	134.34	106.67	27.98	49.28	130.2
Free Cash Flow Per Share	0.93	0.78	0.66	0.22	0.38	1.08
Dividend Per Share	0.750	0.750	0.650	0.600	0.780	-
Dividend Growth	15.38%	15.38%	8.33%	-23.08%	-	-
Gross Margin	49.90%	48.99%	43.90%	40.17%	41.72%	41.32%
Operating Margin	9.08%	9.04%	7.61%	8.25%	10.37%	7.67%
Profit Margin	10.32%	10.33%	10.27%	10.25%	10.40%	9.25%
Free Cash Flow Margin	9.13%	8.61%	7.75%	2.13%	4.31%	12.65%
EBITDA	182.77	160.86	117.25	118.54	129.25	89.9
EBITDA Margin	10.53%	10.31%	8.52%	9.03%	11.31%	8.73%
D&A For EBITDA	25.21	19.78	12.53	10.23	10.83	10.9
EBIT	157.56	141.08	104.72	108.3	118.42	79
EBIT Margin	9.08%	9.04%	7.61%	8.25%	10.37%	7.67%
Effective Tax Rate	12.00%	13.75%	12.14%	7.65%	11.78%	10.46%
Revenue as Reported	1,735	1,560	1,376	1,313	1,143	1,030
Advertising Expenses	-	359.73	254.27	189.09	161.94	139.43

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