SHE:300401 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	1,219	1,221	1,082	1,397	1,107	650.39
Other Revenue	22.45	22.45	12.93	20.39	9.75	9.05
Revenue	1,241	1,243	1,095	1,418	1,117	659.44
Revenue Growth (YoY)	9.43%	13.58%	-22.78%	26.89%	69.40%	-8.21%
Cost of Revenue	546.12	519.59	441.4	486.37	350.66	281.47
Gross Profit	695.27	723.7	653.25	931.14	766.44	377.97
Selling, General & Admin	263.14	308.87	378.77	444.55	257.61	93.3
Research & Development	71.33	83.78	90.91	70.34	59.28	45.09
Other Operating Expenses	21.17	13.24	16.44	16.24	3.48	5.61
Operating Expenses	356.92	407.87	483.74	533.66	320.69	144.04
Operating Income	338.35	315.83	169.51	397.48	445.75	233.93
Interest Expense	-31	-35.63	-38.41	-21.82	-10.81	-16.91
Interest & Investment Income	9.28	11.01	20.54	13.75	32.49	26.87
Currency Exchange Gain (Loss)	6.31	6.31	7.02	11.1	-2.79	-7.22
Other Non Operating Income (Expenses)	-1.16	-0.32	-0.3	-0.65	-0.19	-0.25
EBT Excluding Unusual Items	321.78	297.19	158.36	399.86	464.46	236.42
Gain (Loss) on Sale of Investments	2.88	0.25	-0.34	-2.83	0.4	-
Gain (Loss) on Sale of Assets	-3.78	31.53	-0.04	17.8	76.22	0.02
Asset Writedown	-2.81	-0.44	-0.22	-1.01	-0.09	-0.43
Other Unusual Items	36.19	30.17	53.27	28.67	48.38	51.7
Pretax Income	354.26	358.69	211.04	442.48	589.37	287.71
Income Tax Expense	52.47	49.48	18.7	58.76	75.42	27.09
Earnings From Continuing Operations	301.8	309.21	192.35	383.72	513.94	260.62
Minority Interest in Earnings	0.01	0	-	-	-30.18	2.6
Net Income	301.8	309.21	192.35	383.72	483.77	263.22
Net Income to Common	301.8	309.21	192.35	383.72	483.77	263.22
Net Income Growth	5.94%	60.76%	-49.87%	-20.68%	83.79%	-23.42%
Shares Outstanding (Basic)	548	542	550	548	544	506
Shares Outstanding (Diluted)	581	595	601	548	544	506
Shares Change (YoY)	-9.28%	-1.07%	9.65%	0.85%	7.38%	6.04%
EPS (Basic)	0.55	0.57	0.35	0.70	0.89	0.52
EPS (Diluted)	0.52	0.52	0.32	0.70	0.89	0.52
EPS Growth	16.77%	62.50%	-54.29%	-21.35%	71.15%	-27.78%
Free Cash Flow	103.29	-13.97	-84.57	-2.89	-203.33	-166.46
Free Cash Flow Per Share	0.18	-0.02	-0.14	-0.01	-0.37	-0.33
Dividend Per Share	0.114	0.114	0.071	0.140	0.188	0.103
Dividend Growth	60.56%	60.56%	-49.29%	-25.53%	82.52%	-
Gross Margin	56.01%	58.21%	59.68%	65.69%	68.61%	57.32%
Operating Margin	27.26%	25.40%	15.48%	28.04%	39.90%	35.47%
Profit Margin	24.31%	24.87%	17.57%	27.07%	43.31%	39.91%
Free Cash Flow Margin	8.32%	-1.12%	-7.72%	-0.20%	-18.20%	-25.24%
EBITDA	510.53	471.35	302.82	458.27	490.2	279.59
EBITDA Margin	41.13%	37.91%	27.66%	32.33%	43.88%	42.40%
D&A For EBITDA	172.18	155.52	133.31	60.79	44.45	45.66
EBIT	338.35	315.83	169.51	397.48	445.75	233.93
EBIT Margin	27.26%	25.40%	15.48%	28.04%	39.90%	35.47%
Effective Tax Rate	14.81%	13.80%	8.86%	13.28%	12.80%	9.41%
Revenue as Reported	1,241	1,243	1,095	1,418	1,117	659.44
Advertising Expenses	-	2.37	0.97	0.7	0.8	1.13

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