SHE:002198 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	409.24	375.41	533.03	659.03	574.28	543.85
Other Revenue	0.76	0.76	0.2	0.17	0.44	0.88
Revenue	410	376.17	533.23	659.2	574.71	544.73
Revenue Growth (YoY)	-1.35%	-29.45%	-19.11%	14.70%	5.50%	8.84%
Cost of Revenue	169.27	151.91	186.34	229.22	143.26	148.08
Gross Profit	240.73	224.25	346.9	429.98	431.45	396.65
Selling, General & Admin	175.79	185.89	292.82	351.17	379.1	346.89
Research & Development	8.34	6.76	10.1	15.34	14.4	9.38
Other Operating Expenses	7.96	7.19	9.07	10.59	10.67	9.51
Operating Expenses	197.08	203.88	311.34	379.76	402.16	366.85
Operating Income	43.65	20.37	35.56	50.22	29.29	29.8
Interest Expense	-0	-0	-0	-0.45	-1.02	-3.99
Interest & Investment Income	0.71	2.08	2.7	2.74	3.67	1.32
Earnings From Equity Investments	-	-	-	-	-	-3.64
Other Non Operating Income (Expenses)	-0.06	-0.02	0.01	-0	1.48	-0.03
EBT Excluding Unusual Items	44.3	22.44	38.27	52.5	33.42	23.46
Gain (Loss) on Sale of Investments	-0.24	-	0.53	0.26	-28.8	-
Gain (Loss) on Sale of Assets	-0.13	1.61	0.14	-0.01	-0.19	-0.03
Asset Writedown	0.85	-	-	-	-0.01	-0.02
Other Unusual Items	1.25	1.05	0.44	-1.65	1.39	-0.39
Pretax Income	46.03	25.1	39.37	51.1	5.82	23.02
Income Tax Expense	6.5	4.48	5.05	7.16	4.35	3.18
Net Income	39.53	20.61	34.32	43.93	1.48	19.84
Net Income to Common	39.53	20.61	34.32	43.93	1.48	19.84
Net Income Growth	221.73%	-39.94%	-21.88%	2874.04%	-92.55%	-
Shares Outstanding (Basic)	511	508	508	507	509	507
Shares Outstanding (Diluted)	511	508	508	507	509	507
Shares Change (YoY)	1.05%	-0.00%	0.07%	-0.41%	0.40%	-0.01%
EPS (Basic)	0.08	0.04	0.07	0.09	0.00	0.04
EPS (Diluted)	0.08	0.04	0.07	0.09	0.00	0.04
EPS Growth	218.40%	-39.94%	-21.94%	2886.21%	-92.58%	-
Free Cash Flow	-79.87	22.14	93.39	24.41	49.46	85.19
Free Cash Flow Per Share	-0.16	0.04	0.18	0.05	0.10	0.17
Dividend Per Share	-	-	0.050	-	-	-
Gross Margin	58.71%	59.61%	65.05%	65.23%	75.07%	72.82%
Operating Margin	10.64%	5.42%	6.67%	7.62%	5.10%	5.47%
Profit Margin	9.64%	5.48%	6.44%	6.67%	0.26%	3.64%
Free Cash Flow Margin	-19.48%	5.89%	17.51%	3.70%	8.61%	15.64%
EBITDA	59.7	39.92	59.77	76.11	57.69	57.99
EBITDA Margin	14.56%	10.61%	11.21%	11.55%	10.04%	10.64%
D&A For EBITDA	16.05	19.55	24.21	25.89	28.4	28.19
EBIT	43.65	20.37	35.56	50.22	29.29	29.8
EBIT Margin	10.64%	5.42%	6.67%	7.62%	5.10%	5.47%
Effective Tax Rate	14.11%	17.87%	12.83%	14.02%	74.63%	13.83%
Revenue as Reported	410	376.17	533.23	659.2	574.71	544.73
Advertising Expenses	-	59.46	52.85	63.8	59.47	52.34

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.