SHE:300354 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	507.59	476.77	357.21	344.43	234.75	195.6
Other Revenue	25.45	25.45	20.99	22.65	22.29	9.67
Revenue	533.04	502.22	378.19	367.08	257.04	205.27
Revenue Growth (YoY)	24.91%	32.80%	3.03%	42.81%	25.22%	15.49%
Cost of Revenue	175.98	169.18	130.66	118.32	82.79	69.55
Gross Profit	357.06	333.04	247.53	248.76	174.25	135.72
Selling, General & Admin	138.85	124.32	100.25	83.67	69.54	67.26
Research & Development	57.49	61.37	41.08	34.62	27.1	20.21
Other Operating Expenses	-2.98	-2.97	1.48	-9.05	-5.33	-4.67
Operating Expenses	200.87	189.84	149.54	118.17	94.38	85.21
Operating Income	156.2	143.2	97.99	130.59	79.87	50.51
Interest Expense	-0.35	-0.38	-0.04	-0	-	-
Interest & Investment Income	0.13	0.17	0.45	0.98	0.45	1.4
Currency Exchange Gain (Loss)	-	-	-	0.04	-0	0.04
Other Non Operating Income (Expenses)	0.1	0.56	-1.96	-0.22	1.84	-1.32
EBT Excluding Unusual Items	156.07	143.55	96.43	131.38	82.16	50.63
Gain (Loss) on Sale of Investments	-0.36	-	-	-	-	-
Gain (Loss) on Sale of Assets	-0.01	-0.02	-0.04	-0.04	-0.02	0.05
Other Unusual Items	4.94	0.93	3.08	4.67	3.58	5.95
Pretax Income	160.63	144.46	99.48	136.01	85.73	56.62
Income Tax Expense	37.64	23.44	11.73	14.23	5.7	6.26
Earnings From Continuing Operations	123	121.02	87.75	121.78	80.02	50.36
Minority Interest in Earnings	1.09	0.86	-0	-	-	-
Net Income	124.09	121.88	87.75	121.78	80.02	50.36
Net Income to Common	124.09	121.88	87.75	121.78	80.02	50.36
Net Income Growth	18.79%	38.90%	-27.94%	52.18%	58.91%	65.50%
Shares Outstanding (Basic)	138	139	139	138	138	140
Shares Outstanding (Diluted)	138	139	139	138	138	140
Shares Change (YoY)	-0.71%	-0.56%	0.65%	0.30%	-1.36%	1.14%
EPS (Basic)	0.90	0.88	0.63	0.88	0.58	0.36
EPS (Diluted)	0.90	0.88	0.63	0.88	0.58	0.36
EPS Growth	19.64%	39.68%	-28.41%	51.72%	61.11%	63.64%
Free Cash Flow	66.46	14.76	-22.66	23.33	15.52	11.94
Free Cash Flow Per Share	0.48	0.11	-0.16	0.17	0.11	0.09
Dividend Per Share	0.177	0.177	0.128	0.177	0.175	0.110
Dividend Growth	38.28%	38.28%	-27.68%	1.14%	59.09%	120.00%
Gross Margin	66.98%	66.31%	65.45%	67.77%	67.79%	66.12%
Operating Margin	29.30%	28.51%	25.91%	35.57%	31.07%	24.61%
Profit Margin	23.28%	24.27%	23.20%	33.17%	31.13%	24.53%
Free Cash Flow Margin	12.47%	2.94%	-5.99%	6.35%	6.04%	5.82%
EBITDA	165.37	152.46	107.37	139.45	88.51	59.17
EBITDA Margin	31.02%	30.36%	28.39%	37.99%	34.43%	28.82%
D&A For EBITDA	9.18	9.26	9.38	8.86	8.64	8.65
EBIT	156.2	143.2	97.99	130.59	79.87	50.51
EBIT Margin	29.30%	28.51%	25.91%	35.57%	31.07%	24.61%
Effective Tax Rate	23.43%	16.23%	11.79%	10.46%	6.65%	11.06%
Revenue as Reported	533.04	502.22	378.19	367.08	257.04	205.27
Advertising Expenses	-	3.31	2.2	0.82	0.49	0.17

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