SHE:002899 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	1,170	1,210	893.5	822.39	862.15	865.29
Other Revenue	3.57	3.57	1.82	2.31	2.24	2.69
Revenue	1,173	1,214	895.32	824.7	864.39	867.98
Revenue Growth (YoY)	3.55%	35.58%	8.56%	-4.59%	-0.41%	-7.43%
Cost of Revenue	855.26	839.04	620.5	623.01	649.95	585.77
Gross Profit	318.02	374.81	274.82	201.68	214.45	282.22
Selling, General & Admin	163.04	165.09	134.78	114.24	116.87	151.08
Research & Development	54.68	52.55	41.09	39.89	46.61	69.33
Other Operating Expenses	19.48	11.19	2.9	-0.71	4.89	9.13
Operating Expenses	255.62	249.41	191.28	170.88	179.26	240.33
Operating Income	62.4	125.4	83.54	30.8	35.18	41.89
Interest Expense	-20.21	-23.22	-0.45	-0.26	-0.29	-0.01
Interest & Investment Income	13.93	14.2	12.81	4.55	6.73	7.78
Currency Exchange Gain (Loss)	10.21	10.21	4.17	13.32	-3.99	-14.25
Other Non Operating Income (Expenses)	-1.22	-0.56	-0.43	-0.71	-2.16	0.02
EBT Excluding Unusual Items	65.1	126.03	99.65	47.7	35.48	35.43
Gain (Loss) on Sale of Investments	-0.21	-1.01	1.38	0.5	-	0.13
Gain (Loss) on Sale of Assets	-0.12	-0.15	-0.08	0.38	-0.02	-0.02
Asset Writedown	16.94	-2.92	-0.44	-2.91	-0.01	-0.85
Other Unusual Items	1.74	0.16	0.7	-0.25	-17.96	6.03
Pretax Income	83.45	122.12	101.2	45.43	17.49	40.71
Income Tax Expense	10.9	13	13.04	-20.24	0.06	1.15
Net Income	72.56	109.12	88.16	65.66	17.43	39.56
Net Income to Common	72.56	109.12	88.16	65.66	17.43	39.56
Net Income Growth	-29.44%	23.77%	34.26%	276.69%	-55.94%	-21.75%
Shares Outstanding (Basic)	146	138	121	119	116	120
Shares Outstanding (Diluted)	146	138	121	119	116	120
Shares Change (YoY)	10.54%	14.37%	1.16%	2.73%	-3.06%	-0.41%
EPS (Basic)	0.50	0.79	0.73	0.55	0.15	0.33
EPS (Diluted)	0.50	0.79	0.73	0.55	0.15	0.33
EPS Growth	-36.17%	8.22%	32.73%	266.67%	-54.55%	-21.43%
Free Cash Flow	158.71	32.57	-47.75	-350.57	-370.16	73.16
Free Cash Flow Per Share	1.09	0.24	-0.40	-2.94	-3.19	0.61
Dividend Per Share	0.075	0.075	0.071	0.063	0.022	0.039
Dividend Growth	5.63%	5.63%	12.70%	186.36%	-43.59%	-
Gross Margin	27.11%	30.88%	30.70%	24.45%	24.81%	32.51%
Operating Margin	5.32%	10.33%	9.33%	3.74%	4.07%	4.83%
Profit Margin	6.18%	8.99%	9.85%	7.96%	2.02%	4.56%
Free Cash Flow Margin	13.53%	2.68%	-5.33%	-42.51%	-42.82%	8.43%
EBITDA	140.87	178.22	102.14	52.77	58.19	62.09
EBITDA Margin	12.01%	14.68%	11.41%	6.40%	6.73%	7.15%
D&A For EBITDA	78.48	52.81	18.6	21.97	23.01	20.2
EBIT	62.4	125.4	83.54	30.8	35.18	41.89
EBIT Margin	5.32%	10.33%	9.33%	3.74%	4.07%	4.83%
Effective Tax Rate	13.06%	10.65%	12.88%	-	0.34%	2.83%
Revenue as Reported	1,173	1,214	895.32	824.7	864.39	867.98
Advertising Expenses	-	11.27	9.49	7.6	11.02	9.75

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