SHE:002857 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	801.1	674.9	322.11	173.69	199.69	185.13
Other Revenue	5.82	5.82	4.05	21.53	19.81	26.59
Revenue	806.92	680.71	326.16	195.22	219.5	211.73
Revenue Growth (YoY)	149.37%	108.71%	67.07%	-11.06%	3.67%	-20.53%
Cost of Revenue	669.19	531.23	244.74	124.37	140.58	137.95
Gross Profit	137.73	149.48	81.42	70.85	78.92	73.77
Selling, General & Admin	94.93	94.8	64.27	51.53	47.95	43.2
Research & Development	26.06	26.22	20.32	12.33	14.88	15.75
Other Operating Expenses	5.03	3.69	3.12	2.15	1.58	1.38
Operating Expenses	119.44	125.09	89.09	68.13	63.47	63.58
Operating Income	18.29	24.39	-7.67	2.72	15.46	10.19
Interest Expense	-0.22	-0.83	-0.58	-	-	-
Interest & Investment Income	4.83	5.81	5.83	6.05	5.78	8.11
Currency Exchange Gain (Loss)	-	-	-	-	-	0.07
Other Non Operating Income (Expenses)	-1.12	-0.4	-0.23	-0.07	0.34	-0.41
EBT Excluding Unusual Items	21.77	28.98	-2.65	8.7	21.58	17.96
Gain (Loss) on Sale of Investments	0.57	0.34	0.77	0.06	0.03	-
Gain (Loss) on Sale of Assets	-1.46	0.07	-	-	-	-
Asset Writedown	-0.65	-0.01	0.01	-0.02	-0.16	-0.01
Other Unusual Items	3.24	1.94	3.64	3.6	0.53	8.4
Pretax Income	23.46	31.32	1.76	12.34	21.98	26.35
Income Tax Expense	6.57	4.5	0.48	-0.61	2.48	2.93
Earnings From Continuing Operations	16.89	26.82	1.28	12.94	19.5	23.42
Minority Interest in Earnings	-6.12	-8.72	4.63	-	-	-
Net Income	10.77	18.1	5.91	12.94	19.5	23.42
Net Income to Common	10.77	18.1	5.91	12.94	19.5	23.42
Net Income Growth	-	206.19%	-54.34%	-33.63%	-16.73%	-26.49%
Shares Outstanding (Basic)	131	129	118	129	130	130
Shares Outstanding (Diluted)	131	129	118	129	130	130
Shares Change (YoY)	11.20%	9.35%	-8.67%	-0.45%	-0.08%	2.10%
EPS (Basic)	0.08	0.14	0.05	0.10	0.15	0.18
EPS (Diluted)	0.08	0.14	0.05	0.10	0.15	0.18
EPS Growth	-	180.00%	-50.00%	-33.33%	-16.67%	-28.00%
Free Cash Flow	37.26	97.32	35.05	33.58	10.72	43.45
Free Cash Flow Per Share	0.28	0.75	0.30	0.26	0.08	0.33
Dividend Per Share	0.015	0.015	0.036	-	-	-
Dividend Growth	-58.33%	-58.33%	-	-	-	-
Gross Margin	17.07%	21.96%	24.96%	36.29%	35.95%	34.84%
Operating Margin	2.27%	3.58%	-2.35%	1.39%	7.04%	4.81%
Profit Margin	1.33%	2.66%	1.81%	6.63%	8.89%	11.06%
Free Cash Flow Margin	4.62%	14.30%	10.75%	17.20%	4.88%	20.52%
EBITDA	27.01	33.04	0.87	7.67	18.16	12.94
EBITDA Margin	3.35%	4.85%	0.27%	3.93%	8.28%	6.11%
D&A For EBITDA	8.72	8.64	8.54	4.96	2.71	2.75
EBIT	18.29	24.39	-7.67	2.72	15.46	10.19
EBIT Margin	2.27%	3.58%	-2.35%	1.39%	7.04%	4.81%
Effective Tax Rate	28.02%	14.38%	27.12%	-	11.28%	11.10%
Revenue as Reported	806.92	680.71	326.16	195.22	219.5	211.73
Advertising Expenses	-	0.51	0.63	3.43	0.01	-

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