SHE:002864 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	1,096	971.45	978.2	971.04	883.76	667.66
Other Revenue	2.41	2.41	2.63	3.26	3.73	2.66
Revenue	1,098	973.86	980.83	974.29	887.48	670.31
Revenue Growth (YoY)	11.91%	-0.71%	0.67%	9.78%	32.40%	9.77%
Cost of Revenue	505.81	381.74	413.74	408.25	370.36	255.52
Gross Profit	592.58	592.12	567.09	566.04	517.12	414.79
Selling, General & Admin	420.6	436.86	418.79	416.11	386.15	305.6
Research & Development	37.79	37.54	20.26	18.23	14.03	12.97
Other Operating Expenses	16.45	9.35	10.61	10.23	9.29	7.15
Operating Expenses	480.17	485.59	453.98	452.94	414.07	329.39
Operating Income	112.41	106.53	113.11	113.1	103.05	85.39
Interest Expense	-1.31	-1.56	-6.11	-13.92	-3.49	-2.85
Interest & Investment Income	20.09	25.58	22.06	17.18	11.78	8.32
Other Non Operating Income (Expenses)	-4.99	-0.22	0.31	2.55	-5.27	1.19
EBT Excluding Unusual Items	126.2	130.32	129.37	118.91	106.06	92.06
Gain (Loss) on Sale of Investments	-0	-	-1.56	-0.11	-	-
Gain (Loss) on Sale of Assets	0.12	-0.01	0.17	-	-	0.15
Asset Writedown	-0.38	-0.18	-0.81	-0.08	-0	-0.19
Other Unusual Items	16.15	6.82	2.08	0.46	2.97	2.49
Pretax Income	142.08	136.95	129.25	119.18	109.03	94.5
Income Tax Expense	21.84	17.03	17.7	16.03	14.47	13.4
Earnings From Continuing Operations	120.24	119.92	111.55	103.15	94.56	81.09
Minority Interest in Earnings	0.26	0.35	-1.11	-1.98	-1.39	-1.98
Net Income	120.51	120.27	110.43	101.16	93.17	79.12
Net Income to Common	120.51	120.27	110.43	101.16	93.17	79.12
Net Income Growth	3.97%	8.91%	9.16%	8.58%	17.77%	10.22%
Shares Outstanding (Basic)	105	105	96	86	85	86
Shares Outstanding (Diluted)	105	105	98	86	85	86
Shares Change (YoY)	-2.47%	7.02%	13.03%	1.16%	-0.60%	-0.56%
EPS (Basic)	1.15	1.15	1.15	1.18	1.09	0.92
EPS (Diluted)	1.15	1.15	1.13	1.17	1.09	0.92
EPS Growth	6.61%	1.77%	-3.42%	7.34%	18.48%	10.84%
Free Cash Flow	45.13	74.54	41.53	69.53	35.36	21.06
Free Cash Flow Per Share	0.43	0.71	0.42	0.80	0.41	0.24
Dividend Per Share	0.350	0.250	0.220	0.200	0.180	0.150
Dividend Growth	59.09%	13.64%	10.00%	11.11%	20.00%	-
Gross Margin	53.95%	60.80%	57.82%	58.10%	58.27%	61.88%
Operating Margin	10.23%	10.94%	11.53%	11.61%	11.61%	12.74%
Profit Margin	10.97%	12.35%	11.26%	10.38%	10.50%	11.80%
Free Cash Flow Margin	4.11%	7.65%	4.23%	7.14%	3.98%	3.14%
EBITDA	146.91	139.02	142.92	130.16	117.8	99.85
EBITDA Margin	13.38%	14.27%	14.57%	13.36%	13.27%	14.89%
D&A For EBITDA	34.5	32.49	29.81	17.07	14.74	14.45
EBIT	112.41	106.53	113.11	113.1	103.05	85.39
EBIT Margin	10.23%	10.94%	11.53%	11.61%	11.61%	12.74%
Effective Tax Rate	15.37%	12.43%	13.70%	13.45%	13.27%	14.19%
Revenue as Reported	1,098	973.86	980.83	974.29	887.48	670.31
Advertising Expenses	-	5.04	1.09	1.76	3.68	0.62

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