SHE:002679 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	149.09	148.62	145.96	167.95	186.65	141.67
Other Revenue	2.1	2.1	1.69	6.14	3.23	6.36
Revenue	151.19	150.72	147.65	174.08	189.89	148.03
Revenue Growth (YoY)	-11.36%	2.08%	-15.19%	-8.32%	28.27%	15.15%
Cost of Revenue	85.54	68.74	72.04	83.51	96.69	61.21
Gross Profit	65.65	81.98	75.61	90.58	93.2	86.82
Selling, General & Admin	71.82	66.25	59.35	53.59	49.72	41.02
Research & Development	-0.78	-	0.97	-	-	-
Other Operating Expenses	-60.39	-43.73	-43.08	-33.73	0.51	0.48
Operating Expenses	5.7	21.72	16.34	30.28	54.02	43.88
Operating Income	59.95	60.26	59.28	60.3	39.17	42.93
Interest Expense	-41.83	-46.96	-53.37	-54.64	-51.21	-52.71
Interest & Investment Income	0.45	0.71	0.95	1.18	0.4	0.56
Earnings From Equity Investments	0.7	0.4	0.49	0.93	0.77	1.1
Currency Exchange Gain (Loss)	0	0	-0	-0	0	0
Other Non Operating Income (Expenses)	-1.31	-0.75	0.15	-1.09	0.01	-0.19
EBT Excluding Unusual Items	17.96	13.67	7.49	6.67	-10.85	-8.31
Gain (Loss) on Sale of Investments	-5.81	-5.04	1.94	1.59	-0.6	-1.78
Gain (Loss) on Sale of Assets	-0	-0.06	-0.01	-0.1	-0.11	-
Asset Writedown	0	0	-0	0.02	0.03	-0
Other Unusual Items	2.37	2.16	-0.46	1.66	24.11	19.07
Pretax Income	14.53	10.73	8.97	9.84	12.57	8.97
Income Tax Expense	0.25	0.32	0.98	-0.33	-0.34	0.26
Earnings From Continuing Operations	14.28	10.41	7.99	10.17	12.91	8.71
Minority Interest in Earnings	0.23	0	0.02	0.02	0.02	0.01
Net Income	14.51	10.41	8.01	10.19	12.93	8.73
Net Income to Common	14.51	10.41	8.01	10.19	12.93	8.73
Net Income Growth	102.74%	30.03%	-21.45%	-21.18%	48.18%	100.52%
Shares Outstanding (Basic)	264	260	267	255	259	218
Shares Outstanding (Diluted)	264	260	267	255	259	218
Shares Change (YoY)	2.84%	-2.47%	4.74%	-1.48%	18.55%	0.26%
EPS (Basic)	0.05	0.04	0.03	0.04	0.05	0.04
EPS (Diluted)	0.05	0.04	0.03	0.04	0.05	0.04
EPS Growth	97.14%	33.33%	-25.00%	-20.00%	25.00%	100.00%
Free Cash Flow	49.84	57.97	66.07	-67.16	75.77	1.77
Free Cash Flow Per Share	0.19	0.22	0.25	-0.26	0.29	0.01
Dividend Per Share	0.037	0.037	0.025	0.043	0.035	0.030
Dividend Growth	43.53%	43.53%	-40.70%	22.86%	16.67%	50.00%
Gross Margin	43.42%	54.39%	51.21%	52.03%	49.08%	58.65%
Operating Margin	39.65%	39.98%	40.15%	34.64%	20.63%	29.00%
Profit Margin	9.60%	6.91%	5.42%	5.85%	6.81%	5.90%
Free Cash Flow Margin	32.97%	38.46%	44.75%	-38.58%	39.90%	1.19%
EBITDA	63.89	64.88	64.79	65.45	43.75	46.79
EBITDA Margin	42.25%	43.04%	43.88%	37.59%	23.04%	31.61%
D&A For EBITDA	3.94	4.61	5.51	5.15	4.58	3.85
EBIT	59.95	60.26	59.28	60.3	39.17	42.93
EBIT Margin	39.65%	39.98%	40.15%	34.64%	20.63%	29.00%
Effective Tax Rate	1.72%	2.96%	10.92%	-	-	2.87%
Revenue as Reported	151.19	150.72	147.65	174.08	189.89	148.03

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