SHE:002546 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	744	746.03	600.92	606.17	456.32	567.26
Other Revenue	20.53	20.53	17.58	14.52	8.51	7.66
Revenue	764.52	766.56	618.5	620.69	464.82	574.92
Revenue Growth (YoY)	6.16%	23.94%	-0.35%	33.53%	-19.15%	-20.14%
Cost of Revenue	498.82	506.59	422.42	410.97	311.24	380.53
Gross Profit	265.7	259.97	196.08	209.72	153.58	194.39
Selling, General & Admin	60.03	57.71	59.42	58.96	60.26	65.49
Research & Development	50.08	54.4	51.57	45.89	42.83	44.05
Other Operating Expenses	-3.69	-1.8	-2.39	1.54	-0.37	0.09
Operating Expenses	108.8	115.05	109.68	107.51	104.81	104.82
Operating Income	156.9	144.92	86.4	102.21	48.78	89.57
Interest Expense	-0.89	-0.92	-0.82	-0.81	-0.88	-0.95
Interest & Investment Income	193.02	47.39	30.05	0.85	216.98	102.75
Currency Exchange Gain (Loss)	321.99	-	-	0	-	-
Other Non Operating Income (Expenses)	-1.2	-0.3	-0.27	-0.3	0.83	2.05
EBT Excluding Unusual Items	669.82	191.1	115.36	101.96	265.71	193.42
Gain (Loss) on Sale of Investments	160.47	112.09	-68.02	-108.55	-16.35	14.91
Gain (Loss) on Sale of Assets	-0.04	-	-	-	-0.23	-0.01
Asset Writedown	-3.92	-3.61	-	-	-	-0.61
Other Unusual Items	2.23	1.89	1.17	2.26	-0.01	-
Pretax Income	828.55	301.46	48.51	-4.33	249.12	207.71
Income Tax Expense	129.66	36.63	-10.84	-12.94	28.43	26.23
Earnings From Continuing Operations	698.9	264.83	59.35	8.61	220.69	181.48
Minority Interest in Earnings	0.14	1.85	2.56	2.56	2.55	1.92
Net Income	699.03	266.68	61.91	11.16	223.24	183.4
Net Income to Common	699.03	266.68	61.91	11.16	223.24	183.4
Net Income Growth	1246.33%	330.77%	454.57%	-95.00%	21.72%	9.97%
Shares Outstanding (Basic)	833	833	884	1,116	827	834
Shares Outstanding (Diluted)	833	833	884	1,116	827	834
Shares Change (YoY)	-5.79%	-5.77%	-20.78%	35.01%	-0.82%	-0.03%
EPS (Basic)	0.84	0.32	0.07	0.01	0.27	0.22
EPS (Diluted)	0.84	0.32	0.07	0.01	0.27	0.22
EPS Growth	1329.05%	357.14%	600.00%	-96.30%	22.73%	10.00%
Free Cash Flow	99.71	241.7	-13	97.92	11.9	133.61
Free Cash Flow Per Share	0.12	0.29	-0.01	0.09	0.01	0.16
Dividend Per Share	0.120	0.120	0.120	0.120	0.120	0.120
Dividend Growth	-	-	-	-	-	757.14%
Gross Margin	34.75%	33.91%	31.70%	33.79%	33.04%	33.81%
Operating Margin	20.52%	18.91%	13.97%	16.47%	10.49%	15.58%
Profit Margin	91.43%	34.79%	10.01%	1.80%	48.03%	31.90%
Free Cash Flow Margin	13.04%	31.53%	-2.10%	15.78%	2.56%	23.24%
EBITDA	181.04	171.07	115.22	135.54	87.72	128.72
EBITDA Margin	23.68%	22.32%	18.63%	21.84%	18.87%	22.39%
D&A For EBITDA	24.14	26.14	28.82	33.33	38.94	39.16
EBIT	156.9	144.92	86.4	102.21	48.78	89.57
EBIT Margin	20.52%	18.91%	13.97%	16.47%	10.49%	15.58%
Effective Tax Rate	15.65%	12.15%	-	-	11.41%	12.63%
Revenue as Reported	764.52	766.56	618.5	620.69	464.82	574.92
Advertising Expenses	-	0.15	0.12	0.96	0.21	0.03

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