SHE:001400 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	995.17	1,108	1,014	870.53	722.05	537.06
Other Revenue	28.29	28.29	28.31	21.9	19.45	12.06
Revenue	1,023	1,136	1,043	892.43	741.5	549.12
Revenue Growth (YoY)	-1.83%	9.01%	16.83%	20.35%	35.03%	27.13%
Cost of Revenue	664.37	733.31	678.14	581.3	486.03	347.68
Gross Profit	359.08	403.17	364.43	311.12	255.47	201.44
Selling, General & Admin	168.88	161.06	139.76	103.34	91.24	79.3
Research & Development	48.98	52.13	51.31	45.17	34.07	27.04
Other Operating Expenses	7.39	8.53	3.3	5.89	-0.1	4.43
Operating Expenses	228.58	227.67	196.98	157.28	127.81	111.89
Operating Income	130.5	175.5	167.45	153.84	127.67	89.55
Interest Expense	-6.58	-6.16	-2.45	-5.25	-6.92	-8.57
Interest & Investment Income	3.06	2.35	1.6	0.99	1.2	2.52
Currency Exchange Gain (Loss)	-0.31	-0.31	0.31	1.25	0.72	-0.03
Other Non Operating Income (Expenses)	0.92	0.26	-1.34	-0.45	-1.34	-0.19
EBT Excluding Unusual Items	127.59	171.64	165.56	150.39	121.33	83.28
Gain (Loss) on Sale of Investments	0	-0	-0.27	-	-	-
Gain (Loss) on Sale of Assets	0.46	8.27	0.21	0.02	0.22	0.27
Asset Writedown	-0.59	-	-	-	-	-0.1
Other Unusual Items	3.9	2.1	5.41	2.26	0.41	0.81
Pretax Income	131.35	182	170.92	152.67	121.95	84.26
Income Tax Expense	20.38	27.13	25.22	14.09	18.5	14.35
Net Income	110.97	154.87	145.7	138.58	103.46	69.92
Net Income to Common	110.97	154.87	145.7	138.58	103.46	69.92
Net Income Growth	-23.84%	6.30%	5.14%	33.95%	47.98%	46.97%
Shares Outstanding (Basic)	51	45	45	45	45	45
Shares Outstanding (Diluted)	51	45	45	45	45	45
Shares Change (YoY)	14.02%	0.12%	-0.06%	0.03%	-0.02%	-
EPS (Basic)	2.16	3.44	3.24	3.08	2.30	1.55
EPS (Diluted)	2.16	3.44	3.24	3.08	2.30	1.55
EPS Growth	-33.20%	6.17%	5.20%	33.91%	48.00%	-
Free Cash Flow	8.47	-284.43	77.22	36.43	105.76	45.96
Free Cash Flow Per Share	0.17	-6.32	1.72	0.81	2.35	1.02
Dividend Per Share	0.800	-	-	-	-	0.222
Dividend Growth	-	-	-	-	-	-50.00%
Gross Margin	35.09%	35.48%	34.96%	34.86%	34.45%	36.68%
Operating Margin	12.75%	15.44%	16.06%	17.24%	17.22%	16.31%
Profit Margin	10.84%	13.63%	13.98%	15.53%	13.95%	12.73%
Free Cash Flow Margin	0.83%	-25.03%	7.41%	4.08%	14.26%	8.37%
EBITDA	182.65	219.55	200.7	179.33	149.56	104.38
EBITDA Margin	17.85%	19.32%	19.25%	20.09%	20.17%	19.01%
D&A For EBITDA	52.15	44.05	33.25	25.49	21.9	14.84
EBIT	130.5	175.5	167.45	153.84	127.67	89.55
EBIT Margin	12.75%	15.44%	16.06%	17.24%	17.22%	16.31%
Effective Tax Rate	15.52%	14.91%	14.75%	9.23%	15.17%	17.03%
Revenue as Reported	1,023	1,136	1,043	892.43	741.5	549.12
Advertising Expenses	-	2.29	2.09	0.88	1.81	0.88

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