SHE:002896 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	987.35	964.07	1,073	886.53	939.52	746.96
Other Revenue	12.27	12.27	12.76	11.06	13.46	13.61
Revenue	999.61	976.34	1,086	897.6	952.97	760.57
Revenue Growth (YoY)	-0.59%	-10.10%	20.99%	-5.81%	25.30%	12.48%
Cost of Revenue	731.86	733.43	852.63	692.29	714.51	567.6
Gross Profit	267.76	242.91	233.36	205.31	238.46	192.97
Selling, General & Admin	125.67	106.46	96.85	85.29	89.27	69.73
Research & Development	64.53	63.85	70	53.29	52.2	38.87
Other Operating Expenses	3.73	7.65	4.88	6.54	5.26	5.75
Operating Expenses	194.15	176.87	172.54	145.72	146.98	112.92
Operating Income	73.61	66.05	60.82	59.59	91.48	80.05
Interest Expense	-3.59	-3.22	-4.1	-13.4	-8.28	-6.45
Interest & Investment Income	0.26	0.39	0.85	3.67	0.4	0.39
Earnings From Equity Investments	-1.17	-1.17	-	-	-	-0.1
Currency Exchange Gain (Loss)	-1.19	-1.19	0.52	0.38	-2	-3.31
Other Non Operating Income (Expenses)	0.03	-0.67	-0.34	-0.36	-0.36	-0.36
EBT Excluding Unusual Items	67.95	60.19	57.74	49.87	81.25	70.22
Gain (Loss) on Sale of Investments	0.57	-	-	-	-0.5	-
Gain (Loss) on Sale of Assets	-0.56	-0.08	-0.1	-0.83	-0.8	0
Asset Writedown	-3.42	-0.02	-0	-0	-0.28	-0.33
Other Unusual Items	16.74	16.74	18.19	16.81	8.82	10.1
Pretax Income	81.28	76.84	75.83	65.85	88.49	79.99
Income Tax Expense	8.46	4.46	2.25	-0.49	7.1	9.56
Earnings From Continuing Operations	72.82	72.37	73.57	66.34	81.39	70.43
Minority Interest in Earnings	0	0.18	-0.42	0.02	-0.03	-0.2
Net Income	72.82	72.55	73.15	66.36	81.36	70.23
Net Income to Common	72.82	72.55	73.15	66.36	81.36	70.23
Net Income Growth	0.08%	-0.82%	10.22%	-18.43%	15.85%	33.76%
Shares Outstanding (Basic)	197	197	198	184	176	175
Shares Outstanding (Diluted)	197	197	198	184	176	175
Shares Change (YoY)	-0.55%	-0.82%	7.92%	4.13%	1.01%	-0.15%
EPS (Basic)	0.37	0.37	0.37	0.36	0.46	0.40
EPS (Diluted)	0.37	0.37	0.37	0.36	0.46	0.40
EPS Growth	0.63%	-	2.13%	-21.67%	14.69%	33.95%
Free Cash Flow	-84.27	54.61	-22.55	-45.97	-32.92	111.39
Free Cash Flow Per Share	-0.43	0.28	-0.11	-0.25	-0.19	0.64
Dividend Per Share	0.200	0.200	0.061	0.054	0.177	0.182
Dividend Growth	225.20%	225.20%	14.31%	-69.69%	-2.53%	300.22%
Gross Margin	26.79%	24.88%	21.49%	22.87%	25.02%	25.37%
Operating Margin	7.36%	6.77%	5.60%	6.64%	9.60%	10.53%
Profit Margin	7.29%	7.43%	6.74%	7.39%	8.54%	9.23%
Free Cash Flow Margin	-8.43%	5.59%	-2.08%	-5.12%	-3.45%	14.64%
EBITDA	167.07	150.45	133.13	129.1	154.09	135.85
EBITDA Margin	16.71%	15.41%	12.26%	14.38%	16.17%	17.86%
D&A For EBITDA	93.46	84.4	72.31	69.52	62.61	55.8
EBIT	73.61	66.05	60.82	59.59	91.48	80.05
EBIT Margin	7.36%	6.77%	5.60%	6.64%	9.60%	10.53%
Effective Tax Rate	10.41%	5.81%	2.97%	-	8.02%	11.95%
Revenue as Reported	999.61	976.34	1,086	897.6	952.97	760.57
Advertising Expenses	-	3.66	2.87	2.43	2.75	2.18

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