SHE:003043 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 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	969.42	625.6	459.5	617.11	367.14	309.37
Other Revenue	1.66	1.66	1.48	2.25	1.18	1.18
Revenue	971.08	627.26	460.98	619.36	368.32	310.55
Revenue Growth (YoY)	85.84%	36.07%	-25.57%	68.16%	18.60%	1.38%
Cost of Revenue	702.91	445.07	317.62	403.19	227.22	205.62
Gross Profit	268.16	182.19	143.36	216.17	141.1	104.93
Selling, General & Admin	96.8	64.91	40.94	51.61	33.27	27.83
Research & Development	56.53	33.36	22.21	21.01	14.15	13.58
Other Operating Expenses	5.24	3.24	3.31	5.1	3.45	3.02
Operating Expenses	177.29	105.47	66.66	78.64	50.8	44.5
Operating Income	90.88	76.72	76.7	137.52	90.3	60.43
Interest Expense	-21.23	-7.36	-4.98	-0.48	-0.17	-0.83
Interest & Investment Income	22.06	19.47	16.08	4.46	1.61	1.42
Currency Exchange Gain (Loss)	8.29	8.29	4.89	33.65	-8.26	2.22
Other Non Operating Income (Expenses)	-5.44	-0.29	-0.53	-0.09	-0.09	-0.07
EBT Excluding Unusual Items	94.56	96.84	92.16	175.06	83.4	63.16
Gain (Loss) on Sale of Investments	0.54	1.29	4.69	-0.63	-	0
Gain (Loss) on Sale of Assets	0.07	-0.71	0.19	0.01	-0.06	-0.16
Asset Writedown	-2.24	-1.1	-	-	-	-
Other Unusual Items	-1.12	-1.12	2.22	0	0.79	0.46
Pretax Income	91.81	95.2	99.26	174.44	84.13	63.47
Income Tax Expense	9.5	11.64	11.18	24.19	12.34	8.54
Earnings From Continuing Operations	82.31	83.56	88.08	150.24	71.79	54.93
Minority Interest in Earnings	-18.67	-2.82	0.04	-0	0.03	0.48
Net Income	63.64	80.74	88.12	150.24	71.82	55.41
Net Income to Common	63.64	80.74	88.12	150.24	71.82	55.41
Net Income Growth	-23.06%	-8.37%	-41.35%	109.20%	29.61%	-12.75%
Shares Outstanding (Basic)	157	118	112	112	84	84
Shares Outstanding (Diluted)	157	119	115	112	84	84
Shares Change (YoY)	68.07%	3.21%	3.05%	33.52%	-0.63%	0.53%
EPS (Basic)	0.40	0.69	0.79	1.34	0.86	0.66
EPS (Diluted)	0.40	0.68	0.76	1.34	0.86	0.66
EPS Growth	-54.22%	-11.21%	-43.09%	56.68%	30.44%	-13.21%
Free Cash Flow	-36.78	0.94	-105.26	41.5	95.25	63.27
Free Cash Flow Per Share	-0.23	0.01	-0.91	0.37	1.14	0.75
Dividend Per Share	0.214	0.214	0.179	0.286	-	-
Dividend Growth	19.99%	19.99%	-37.49%	-	-	-
Gross Margin	27.62%	29.04%	31.10%	34.90%	38.31%	33.79%
Operating Margin	9.36%	12.23%	16.64%	22.20%	24.52%	19.46%
Profit Margin	6.55%	12.87%	19.11%	24.26%	19.50%	17.84%
Free Cash Flow Margin	-3.79%	0.15%	-22.83%	6.70%	25.86%	20.37%
EBITDA	116.67	97.86	91.63	151.18	101.49	70.79
EBITDA Margin	12.01%	15.60%	19.88%	24.41%	27.55%	22.80%
D&A For EBITDA	25.79	21.13	14.93	13.66	11.18	10.36
EBIT	90.88	76.72	76.7	137.52	90.3	60.43
EBIT Margin	9.36%	12.23%	16.64%	22.20%	24.52%	19.46%
Effective Tax Rate	10.34%	12.23%	11.26%	13.87%	14.67%	13.46%
Revenue as Reported	971.08	627.26	460.98	619.36	368.32	310.55
Advertising Expenses	-	-	-	-	0.05	0.07

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