SHE:300200 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,223	1,170	1,029	997.85	951.68	902.64
Other Revenue	11.25	11.25	6.56	18.04	147.88	57.04
Revenue	1,234	1,181	1,035	1,016	1,100	959.68
Revenue Growth (YoY)	6.54%	14.05%	1.92%	-7.61%	14.57%	-0.04%
Cost of Revenue	903.54	856.14	759.85	700.12	802.39	564.04
Gross Profit	330.62	324.7	275.55	315.77	297.17	395.63
Selling, General & Admin	106.32	118.55	112.59	109.52	84.73	77.72
Research & Development	86.7	81.91	75.44	58.99	63.56	52.75
Other Operating Expenses	3.62	1.27	6	8.45	7.13	8.31
Operating Expenses	204.14	204.33	196.52	178.17	152.06	148.54
Operating Income	126.49	120.37	79.03	137.59	145.1	247.1
Interest Expense	-3.97	-2.62	-0.19	-0.56	-0.56	-0.15
Interest & Investment Income	12.58	16.78	25.45	13.69	28.34	21.49
Currency Exchange Gain (Loss)	1.34	1.34	0.54	2.16	-0.95	-3.95
Other Non Operating Income (Expenses)	-4.1	-0.9	-1.5	-0.37	-0.37	-0.25
EBT Excluding Unusual Items	132.34	134.97	103.33	152.51	171.57	264.25
Impairment of Goodwill	-	-	-452.96	-	-	-
Gain (Loss) on Sale of Investments	12.41	13.18	1.64	-3.03	6.41	0.93
Gain (Loss) on Sale of Assets	0.21	-0.02	-0.06	0.44	0.18	-0.81
Asset Writedown	-1.1	-0.74	-2.2	-0.01	-2.07	-1.91
Legal Settlements	-0.01	-0.01	-1.9	-	-	-
Other Unusual Items	11.12	7.32	9.34	10.83	3.23	3.69
Pretax Income	154.97	154.7	-342.8	160.74	179.31	266.15
Income Tax Expense	18.88	21.11	7.15	22.94	20.13	33.57
Earnings From Continuing Operations	136.1	133.6	-349.95	137.8	159.19	232.58
Minority Interest in Earnings	3.22	1.76	4.75	2.96	-	-
Net Income	139.31	135.36	-345.21	140.75	159.19	232.58
Net Income to Common	139.31	135.36	-345.21	140.75	159.19	232.58
Net Income Growth	-	-	-	-11.58%	-31.56%	25.10%
Shares Outstanding (Basic)	422	423	432	427	430	423
Shares Outstanding (Diluted)	422	423	432	440	430	423
Shares Change (YoY)	-3.01%	-1.97%	-1.90%	2.24%	1.74%	0.08%
EPS (Basic)	0.33	0.32	-0.80	0.33	0.37	0.55
EPS (Diluted)	0.33	0.32	-0.80	0.32	0.37	0.55
EPS Growth	-	-	-	-13.51%	-32.73%	25.00%
Free Cash Flow	-76.07	-52.04	25.57	133.95	148.46	250.33
Free Cash Flow Per Share	-0.18	-0.12	0.06	0.30	0.34	0.59
Dividend Per Share	0.150	0.150	-	0.150	0.150	0.300
Dividend Growth	-	-	-	-	-50.00%	20.00%
Gross Margin	26.79%	27.50%	26.61%	31.08%	27.03%	41.23%
Operating Margin	10.25%	10.19%	7.63%	13.54%	13.20%	25.75%
Profit Margin	11.29%	11.46%	-33.34%	13.86%	14.48%	24.23%
Free Cash Flow Margin	-6.16%	-4.41%	2.47%	13.19%	13.50%	26.09%
EBITDA	164.54	155.09	109.32	162.01	169.37	270.22
EBITDA Margin	13.33%	13.13%	10.56%	15.95%	15.40%	28.16%
D&A For EBITDA	38.05	34.72	30.29	24.42	24.27	23.12
EBIT	126.49	120.37	79.03	137.59	145.1	247.1
EBIT Margin	10.25%	10.19%	7.63%	13.54%	13.20%	25.75%
Effective Tax Rate	12.18%	13.64%	-	14.27%	11.22%	12.61%
Revenue as Reported	1,234	1,181	1,035	1,016	1,100	959.68
Advertising Expenses	-	0.74	1.28	0.39	0.38	0.48

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