SHE:002935 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	923.28	964.37	1,109	1,211	1,043	916.39
Revenue	923.28	964.37	1,109	1,211	1,043	916.39
Revenue Growth (YoY)	-11.51%	-13.04%	-8.42%	16.10%	13.81%	5.71%
Cost of Revenue	719.14	738.38	816.22	870.87	741.01	648.57
Gross Profit	204.14	225.99	292.72	340.03	301.94	267.83
Selling, General & Admin	77.86	94.97	116.83	125.35	104.44	87.45
Research & Development	57	56.35	70.7	90.95	85.17	80.8
Other Operating Expenses	3.28	-1.69	6.44	7.37	1.65	1.72
Operating Expenses	149.26	164.69	211.62	228.24	186.04	177.4
Operating Income	54.88	61.29	81.11	111.78	115.9	90.42
Interest Expense	-0.09	-0.15	-0.2	-0.34	-0.81	-0.6
Interest & Investment Income	2.8	3.92	8.29	4.76	7.88	10.67
Other Non Operating Income (Expenses)	-0.7	-0.44	-0.1	-0.13	-0.66	-0.26
EBT Excluding Unusual Items	56.89	64.63	89.1	116.08	122.31	100.22
Gain (Loss) on Sale of Assets	0	0	0.07	0.23	0	0
Asset Writedown	1.8	-	-	-	-	-
Other Unusual Items	10.77	3.68	3.5	0.6	3.07	9.4
Pretax Income	69.47	68.3	92.67	116.91	125.38	109.63
Income Tax Expense	5.99	4.1	5.49	4.41	6.98	8.18
Net Income	63.48	64.2	87.19	112.5	118.4	101.45
Net Income to Common	63.48	64.2	87.19	112.5	118.4	101.45
Net Income Growth	-20.33%	-26.37%	-22.50%	-4.98%	16.71%	-8.97%
Shares Outstanding (Basic)	421	425	425	422	422	422
Shares Outstanding (Diluted)	421	425	425	422	422	422
Shares Change (YoY)	-1.05%	-0.05%	0.62%	0.16%	-0.01%	-0.01%
EPS (Basic)	0.15	0.15	0.21	0.27	0.28	0.24
EPS (Diluted)	0.15	0.15	0.21	0.27	0.28	0.24
EPS Growth	-19.48%	-26.33%	-22.98%	-5.13%	16.71%	-8.97%
Free Cash Flow	34.63	76.18	-291.06	194.4	23.44	-44.42
Free Cash Flow Per Share	0.08	0.18	-0.69	0.46	0.06	-0.10
Dividend Per Share	0.050	0.050	0.067	0.096	0.074	0.123
Dividend Growth	-25.04%	-25.04%	-30.66%	30.00%	-39.98%	62.67%
Gross Margin	22.11%	23.43%	26.40%	28.08%	28.95%	29.23%
Operating Margin	5.94%	6.36%	7.31%	9.23%	11.11%	9.87%
Profit Margin	6.88%	6.66%	7.86%	9.29%	11.35%	11.07%
Free Cash Flow Margin	3.75%	7.90%	-26.25%	16.05%	2.25%	-4.85%
EBITDA	76.92	82.98	102.32	128.08	125.72	99.74
EBITDA Margin	8.33%	8.60%	9.23%	10.58%	12.05%	10.88%
D&A For EBITDA	22.04	21.69	21.21	16.29	9.83	9.31
EBIT	54.88	61.29	81.11	111.78	115.9	90.42
EBIT Margin	5.94%	6.36%	7.31%	9.23%	11.11%	9.87%
Effective Tax Rate	8.62%	6.01%	5.92%	3.77%	5.57%	7.46%
Revenue as Reported	923.28	964.37	1,109	1,211	1,043	916.39
Advertising Expenses	-	11.59	12.29	11.65	4.82	0.59

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