SHE:003023 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	1,165	1,295	1,289	1,168	1,135	1,058
Other Revenue	6.12	6.12	4.97	9.15	9.56	7.06
Revenue	1,171	1,302	1,294	1,177	1,144	1,065
Revenue Growth (YoY)	-13.22%	0.59%	9.96%	2.85%	7.47%	5.88%
Cost of Revenue	666.42	742.8	740.54	661.8	643.21	592.59
Gross Profit	504.61	558.74	553.36	514.94	500.94	472.03
Selling, General & Admin	384.71	402.52	402.87	375.76	347.35	316.93
Research & Development	35.04	38.72	31.46	28.93	33.58	25.05
Other Operating Expenses	11.77	12.47	12.62	13.34	9.6	7.26
Operating Expenses	430.64	452.19	451.99	424.58	389.75	352.49
Operating Income	73.97	106.55	101.37	90.35	111.19	119.54
Interest Expense	-0.3	-0.17	-0.16	-0.49	-0.39	-0.42
Interest & Investment Income	17.55	19.32	18.94	17.68	15.44	5.7
Other Non Operating Income (Expenses)	-0.13	-0.34	-0.41	-1.71	-1.06	-0.72
EBT Excluding Unusual Items	91.09	125.36	119.74	105.84	125.19	124.1
Gain (Loss) on Sale of Investments	1.52	1.19	0.18	0.27	0.57	-
Gain (Loss) on Sale of Assets	0.34	0.05	-0.25	-0.03	-0.09	-0.17
Asset Writedown	0.47	-1.19	-0.06	-0.12	-0.16	-
Other Unusual Items	3.23	4.05	2.5	4.08	6.73	14.25
Pretax Income	96.66	129.47	122.11	110.05	132.23	138.18
Income Tax Expense	10.77	16.92	15.97	14.66	17.17	20.2
Earnings From Continuing Operations	85.89	112.55	106.14	95.38	115.06	117.97
Minority Interest in Earnings	-4.04	-2.96	-2.18	-0.72	-4.2	-5.41
Net Income	81.84	109.59	103.96	94.67	110.87	112.57
Net Income to Common	81.84	109.59	103.96	94.67	110.87	112.57
Net Income Growth	-28.75%	5.41%	9.82%	-14.61%	-1.51%	33.66%
Shares Outstanding (Basic)	105	105	105	105	106	79
Shares Outstanding (Diluted)	105	105	105	105	106	79
Shares Change (YoY)	-0.02%	-0.00%	0.15%	-0.38%	33.49%	0.42%
EPS (Basic)	0.78	1.04	0.99	0.90	1.05	1.42
EPS (Diluted)	0.78	1.04	0.99	0.90	1.05	1.42
EPS Growth	-28.74%	5.41%	9.66%	-14.29%	-26.22%	33.10%
Free Cash Flow	-102.71	31	258.42	50.41	14.3	161.7
Free Cash Flow Per Share	-0.97	0.29	2.45	0.48	0.14	2.04
Dividend Per Share	0.400	0.400	0.400	0.350	0.300	0.308
Dividend Growth	-	-	14.29%	16.67%	-2.50%	-
Gross Margin	43.09%	42.93%	42.77%	43.76%	43.78%	44.34%
Operating Margin	6.32%	8.19%	7.83%	7.68%	9.72%	11.23%
Profit Margin	6.99%	8.42%	8.04%	8.04%	9.69%	10.57%
Free Cash Flow Margin	-8.77%	2.38%	19.97%	4.28%	1.25%	15.19%
EBITDA	103.72	135.67	129.65	118.67	137.37	143.82
EBITDA Margin	8.86%	10.42%	10.02%	10.08%	12.01%	13.51%
D&A For EBITDA	29.75	29.12	28.28	28.32	26.18	24.28
EBIT	73.97	106.55	101.37	90.35	111.19	119.54
EBIT Margin	6.32%	8.19%	7.83%	7.68%	9.72%	11.23%
Effective Tax Rate	11.14%	13.07%	13.08%	13.33%	12.98%	14.62%
Revenue as Reported	1,171	1,302	1,294	1,177	1,144	1,065
Advertising Expenses	-	22.73	20.88	34.93	28.66	6.93

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