SHE:300021 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	4,546	4,363	3,431	3,388	3,501	2,007
Other Revenue	15.63	15.63	21.57	12.83	13.94	11.19
Revenue	4,562	4,379	3,453	3,401	3,515	2,018
Revenue Growth (YoY)	30.62%	26.83%	1.52%	-3.25%	74.21%	-6.84%
Cost of Revenue	3,775	3,601	2,626	2,562	2,702	1,486
Gross Profit	786.89	778.16	826.3	838.77	813.24	531.93
Selling, General & Admin	430.84	429.44	403.51	427.59	382.69	262.05
Research & Development	92.42	94.76	118.39	100.71	81.13	28.7
Other Operating Expenses	37.93	22.33	20.47	19.29	17.33	13.85
Operating Expenses	658.84	645.86	642.98	618.93	532.89	325.72
Operating Income	128.05	132.3	183.33	219.84	280.35	206.21
Interest Expense	-103.7	-125.32	-111.33	-92.79	-92.32	-70.77
Interest & Investment Income	32.73	41.87	26.22	46.78	26.65	17
Currency Exchange Gain (Loss)	0.07	0.07	-0.41	-0.28	-0.49	-0.77
Other Non Operating Income (Expenses)	24.53	21.39	-29.95	-13.39	-20.34	-20.33
EBT Excluding Unusual Items	81.68	70.31	67.86	160.17	193.84	131.33
Impairment of Goodwill	-	-	-	-1.07	-	-
Gain (Loss) on Sale of Investments	-0	0.26	-0.02	1.79	-0.07	-
Gain (Loss) on Sale of Assets	-0.73	34.93	-0.52	0.02	0.79	0.03
Asset Writedown	-1.27	0.11	-2.2	-17.9	-4.05	-0.02
Legal Settlements	-10.28	-10.28	-8.29	-16.01	-14.18	-
Other Unusual Items	43.6	33.9	17.77	8.3	16.21	22.85
Pretax Income	112.99	129.23	74.59	135.3	192.54	154.19
Income Tax Expense	20.57	19.62	7.45	26.82	45.76	34.96
Earnings From Continuing Operations	92.42	109.6	67.15	108.48	146.78	119.23
Net Income to Company	92.42	109.6	67.15	108.48	146.78	119.23
Minority Interest in Earnings	-30.08	-28.48	-17.01	-10.77	-11.48	-20.46
Net Income	62.33	81.13	50.14	97.7	135.3	98.77
Net Income to Common	62.33	81.13	50.14	97.7	135.3	98.77
Net Income Growth	42.55%	61.81%	-48.69%	-27.79%	36.98%	-23.69%
Shares Outstanding (Basic)	863	850	850	850	793	823
Shares Outstanding (Diluted)	870	858	850	850	793	823
Shares Change (YoY)	1.27%	0.92%	-0.07%	7.28%	-3.70%	1.75%
EPS (Basic)	0.07	0.10	0.06	0.11	0.17	0.12
EPS (Diluted)	0.07	0.09	0.06	0.11	0.17	0.12
EPS Growth	40.76%	60.34%	-48.65%	-32.69%	42.25%	-25.00%
Free Cash Flow	-388.33	523.5	-365.29	83.63	8.65	-445.1
Free Cash Flow Per Share	-0.45	0.61	-0.43	0.10	0.01	-0.54
Dividend Per Share	0.060	0.060	0.030	0.100	0.120	0.100
Dividend Growth	100.00%	100.00%	-70.00%	-16.67%	20.00%	-
Gross Margin	17.25%	17.77%	23.93%	24.66%	23.14%	26.36%
Operating Margin	2.81%	3.02%	5.31%	6.46%	7.98%	10.22%
Profit Margin	1.37%	1.85%	1.45%	2.87%	3.85%	4.90%
Free Cash Flow Margin	-8.51%	11.96%	-10.58%	2.46%	0.25%	-22.06%
EBITDA	167.88	178.31	237.57	263.71	323.69	238.08
EBITDA Margin	3.68%	4.07%	6.88%	7.75%	9.21%	11.80%
D&A For EBITDA	39.82	46	54.25	43.87	43.34	31.87
EBIT	128.05	132.3	183.33	219.84	280.35	206.21
EBIT Margin	2.81%	3.02%	5.31%	6.46%	7.98%	10.22%
Effective Tax Rate	18.21%	15.19%	9.98%	19.82%	23.77%	22.67%
Revenue as Reported	4,562	4,379	3,453	3,401	3,515	2,018
Advertising Expenses	-	4.21	3.98	1.87	2.02	1.58

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