SHE:002931 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	507.61	475.32	431.53	581.46	708.08	536.88
Other Revenue	3.37	3.37	1.8	5.87	11.56	11.2
Revenue	510.97	478.69	433.33	587.33	719.64	548.08
Revenue Growth (YoY)	12.04%	10.47%	-26.22%	-18.39%	31.30%	33.65%
Cost of Revenue	402.58	389.49	361.78	457.81	518.29	368.96
Gross Profit	108.39	89.2	71.55	129.52	201.35	179.12
Selling, General & Admin	57.53	58.24	47.55	56.54	51.56	42.58
Research & Development	25.52	26.4	28.09	38.87	43.77	32.96
Other Operating Expenses	8.86	5.86	4.59	3.28	3.09	3.49
Operating Expenses	93.43	92.65	80.32	95.71	99.94	81.43
Operating Income	14.96	-3.46	-8.76	33.81	101.4	97.7
Interest Expense	-1.98	-3.66	-4.07	-8.08	-5.64	-2.87
Interest & Investment Income	3.45	3.16	3.48	5.52	5.78	5.32
Currency Exchange Gain (Loss)	0.85	0.85	2.2	8.15	-2.94	-6.81
Other Non Operating Income (Expenses)	2.94	-0.09	-0.36	1.31	-1.08	-0.43
EBT Excluding Unusual Items	20.23	-3.19	-7.51	40.72	97.54	92.9
Impairment of Goodwill	-0.32	-0.32	-0.18	-0.18	-0.17	-0.18
Gain (Loss) on Sale of Investments	-	-	-0.05	1.72	-4.13	-0.84
Gain (Loss) on Sale of Assets	4.59	2.52	-0.22	-0.39	0.1	-0.02
Asset Writedown	-2.9	-	-	-0.14	-	-
Other Unusual Items	7.37	6.24	5.08	7.92	6.26	5.24
Pretax Income	28.98	5.26	-2.88	49.66	99.59	97.1
Income Tax Expense	4.05	0.67	4.16	1.06	10.17	12.09
Earnings From Continuing Operations	24.93	4.59	-7.04	48.59	89.42	85.01
Minority Interest in Earnings	-	-	-	-	-10.2	-7.86
Net Income	24.93	4.59	-7.04	48.59	79.22	77.15
Net Income to Common	24.93	4.59	-7.04	48.59	79.22	77.15
Net Income Growth	-	-	-	-38.66%	2.68%	33.94%
Shares Outstanding (Basic)	302	230	176	202	198	198
Shares Outstanding (Diluted)	302	230	176	211	214	198
Shares Change (YoY)	265.40%	30.48%	-16.69%	-1.32%	8.23%	0.59%
EPS (Basic)	0.08	0.02	-0.04	0.24	0.40	0.39
EPS (Diluted)	0.08	0.02	-0.04	0.23	0.37	0.39
EPS Growth	-	-	-	-37.84%	-5.13%	33.15%
Free Cash Flow	34.9	-3.7	9.12	44.27	-95.96	18.95
Free Cash Flow Per Share	0.12	-0.02	0.05	0.21	-0.45	0.10
Dividend Per Share	0.050	0.150	-	-	0.100	0.107
Dividend Growth	-50.00%	-	-	-	-6.63%	14.18%
Gross Margin	21.21%	18.63%	16.51%	22.05%	27.98%	32.68%
Operating Margin	2.93%	-0.72%	-2.02%	5.76%	14.09%	17.82%
Profit Margin	4.88%	0.96%	-1.63%	8.27%	11.01%	14.08%
Free Cash Flow Margin	6.83%	-0.77%	2.10%	7.54%	-13.33%	3.46%
EBITDA	56.82	33.45	21.55	63.83	129.27	123.06
EBITDA Margin	11.12%	6.99%	4.97%	10.87%	17.96%	22.45%
D&A For EBITDA	41.86	36.91	30.31	30.02	27.86	25.36
EBIT	14.96	-3.46	-8.76	33.81	101.4	97.7
EBIT Margin	2.93%	-0.72%	-2.02%	5.76%	14.09%	17.82%
Effective Tax Rate	13.98%	12.65%	-	2.14%	10.21%	12.45%
Revenue as Reported	510.97	478.69	433.33	587.33	719.64	548.08
Advertising Expenses	-	0.33	0.19	0.06	0.09	0.27

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