SHE:002644 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	892.97	977.45	1,158	1,041	809.39	659.96
Other Revenue	2.78	2.78	5.45	1.58	8.25	8.09
Revenue	895.75	980.23	1,163	1,042	817.64	668.05
Revenue Growth (YoY)	-9.41%	-15.73%	11.58%	27.49%	22.39%	6.24%
Cost of Revenue	618.46	681.46	804.17	738.23	596.57	503.63
Gross Profit	277.29	298.76	358.96	304.16	221.07	164.42
Selling, General & Admin	161.02	184.21	236.74	181.6	131.27	119.61
Research & Development	25.59	29.28	30.93	23.56	19.36	15.38
Other Operating Expenses	10.95	11.37	13.32	14.53	14.82	12.04
Operating Expenses	235.06	254.63	296.07	238.06	175.42	151.14
Operating Income	42.23	44.13	62.9	66.1	45.65	13.28
Interest Expense	-1.54	-0.83	-1.24	-1.35	-0.95	-1.28
Interest & Investment Income	4.59	5.74	5.37	7.51	10.2	12.82
Currency Exchange Gain (Loss)	0.3	0.3	1.08	2.15	-0.33	-0.37
Other Non Operating Income (Expenses)	-4.5	-3.95	-1.43	-17.88	-1.22	0.89
EBT Excluding Unusual Items	41.07	45.38	66.67	56.53	53.36	25.34
Gain (Loss) on Sale of Investments	-6.33	-7.23	-4.49	-1.3	-0.85	-4.05
Gain (Loss) on Sale of Assets	0.03	0.04	-	0	27.18	70.59
Asset Writedown	0.02	-	-0	-0.2	-0.37	0.15
Legal Settlements	-	-	-	-	0.01	-
Other Unusual Items	30.94	30.94	19.46	75.68	31.48	38.48
Pretax Income	65.74	69.14	81.64	130.72	110.81	130.52
Income Tax Expense	7.38	7.47	13.52	21.37	17.3	22.81
Earnings From Continuing Operations	58.36	61.67	68.12	109.35	93.52	107.71
Minority Interest in Earnings	0.72	-1.6	-0.93	-0.69	-0.26	0.31
Net Income	59.08	60.07	67.19	108.65	93.26	108.02
Net Income to Common	59.08	60.07	67.19	108.65	93.26	108.02
Net Income Growth	27.94%	-10.60%	-38.16%	16.51%	-13.66%	44.31%
Shares Outstanding (Basic)	511	511	511	511	511	511
Shares Outstanding (Diluted)	511	511	511	511	511	511
Shares Change (YoY)	-0.03%	0.05%	-0.01%	-0.03%	0.00%	0.03%
EPS (Basic)	0.12	0.12	0.13	0.21	0.18	0.21
EPS (Diluted)	0.12	0.12	0.13	0.21	0.18	0.21
EPS Growth	27.98%	-10.64%	-38.16%	16.54%	-13.66%	44.27%
Free Cash Flow	132.37	25.7	43.24	45.08	-20.95	-59.69
Free Cash Flow Per Share	0.26	0.05	0.09	0.09	-0.04	-0.12
Dividend Per Share	0.012	0.012	0.030	0.050	0.010	0.120
Dividend Growth	-60.00%	-60.00%	-40.00%	400.00%	-91.67%	100.00%
Gross Margin	30.96%	30.48%	30.86%	29.18%	27.04%	24.61%
Operating Margin	4.71%	4.50%	5.41%	6.34%	5.58%	1.99%
Profit Margin	6.60%	6.13%	5.78%	10.42%	11.41%	16.17%
Free Cash Flow Margin	14.78%	2.62%	3.72%	4.32%	-2.56%	-8.94%
EBITDA	90.54	93.76	114.29	114.96	93.58	58.42
EBITDA Margin	10.11%	9.56%	9.83%	11.03%	11.45%	8.74%
D&A For EBITDA	48.3	49.63	51.39	48.86	47.92	45.13
EBIT	42.23	44.13	62.9	66.1	45.65	13.28
EBIT Margin	4.71%	4.50%	5.41%	6.34%	5.58%	1.99%
Effective Tax Rate	11.23%	10.81%	16.56%	16.35%	15.61%	17.48%
Revenue as Reported	895.75	980.23	1,163	1,042	817.64	668.05
Advertising Expenses	-	7.68	37.86	22.29	15.73	22.32

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