SHE:003015 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	627.39	570.2	471.19	461.08	478.69	508.82
Other Revenue	12.85	12.85	6.74	8.06	9.65	8.5
Revenue	640.24	583.05	477.93	469.14	488.34	517.33
Revenue Growth (YoY)	13.13%	22.00%	1.87%	-3.93%	-5.60%	-6.15%
Cost of Revenue	448.47	434.91	389.39	348.51	324.24	321.24
Gross Profit	191.77	148.14	88.54	120.63	164.1	196.09
Selling, General & Admin	57.7	46.75	50.01	46.54	45.88	42.36
Research & Development	38.14	33.79	31.74	25.53	24.82	28.26
Other Operating Expenses	0.41	-2.8	1.75	2.94	3.17	4.53
Operating Expenses	98.2	77.57	100.45	74	72.77	74.16
Operating Income	93.58	70.57	-11.91	46.63	91.33	121.93
Interest Expense	-0.75	-2.36	-4.05	-4.86	-7.11	-11.88
Interest & Investment Income	2.32	3.37	3.34	2.87	7.88	2.26
Currency Exchange Gain (Loss)	-0.15	-0.15	0.96	-0.28	0.51	0.84
Other Non Operating Income (Expenses)	-0.58	0.1	0.14	-0.19	-0.5	-0.94
EBT Excluding Unusual Items	94.42	71.54	-11.53	44.17	92.11	112.21
Gain (Loss) on Sale of Investments	0.02	-	0.06	-0.53	-	-
Gain (Loss) on Sale of Assets	0.04	0.04	-	-0	-	-0.01
Asset Writedown	-3.4	-0	-4.51	-0.09	-0.02	-0.01
Other Unusual Items	3.01	3.01	2.17	4.15	3.78	2.57
Pretax Income	94.09	74.59	-13.8	47.7	95.87	114.77
Income Tax Expense	6.03	7.11	2.78	7.8	13.51	15.68
Net Income	88.06	67.47	-16.58	39.89	82.36	99.09
Net Income to Common	88.06	67.47	-16.58	39.89	82.36	99.09
Net Income Growth	143.88%	-	-	-51.56%	-16.88%	16.71%
Shares Outstanding (Basic)	275	270	276	266	284	220
Shares Outstanding (Diluted)	275	270	276	266	284	220
Shares Change (YoY)	34.24%	-2.34%	3.92%	-6.36%	28.98%	3.74%
EPS (Basic)	0.32	0.25	-0.06	0.15	0.29	0.45
EPS (Diluted)	0.32	0.25	-0.06	0.15	0.29	0.45
EPS Growth	81.67%	-	-	-48.28%	-35.56%	12.50%
Free Cash Flow	77.43	131.41	92.59	8.3	-81.07	60.56
Free Cash Flow Per Share	0.28	0.49	0.34	0.03	-0.28	0.28
Dividend Per Share	0.200	0.200	0.100	0.200	0.200	0.150
Dividend Growth	100.00%	100.00%	-50.00%	-	33.33%	-
Gross Margin	29.95%	25.41%	18.52%	25.71%	33.60%	37.90%
Operating Margin	14.62%	12.10%	-2.49%	9.94%	18.70%	23.57%
Profit Margin	13.75%	11.57%	-3.47%	8.50%	16.87%	19.15%
Free Cash Flow Margin	12.09%	22.54%	19.37%	1.77%	-16.60%	11.71%
EBITDA	176.33	156.88	79.15	113.11	150.74	179.56
EBITDA Margin	27.54%	26.91%	16.56%	24.11%	30.87%	34.71%
D&A For EBITDA	82.76	86.31	91.06	66.47	59.4	57.64
EBIT	93.58	70.57	-11.91	46.63	91.33	121.93
EBIT Margin	14.62%	12.10%	-2.49%	9.94%	18.70%	23.57%
Effective Tax Rate	6.41%	9.54%	-	16.36%	14.09%	13.66%
Revenue as Reported	640.24	583.05	477.93	469.14	488.34	517.33
Advertising Expenses	-	2.09	2.05	0.78	2.9	0.51

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