SHE:300515 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	667.1	575.87	464.18	392.94	384.34	319.26
Other Revenue	0.72	0.72	0.36	0.69	0.17	0.19
Revenue	667.82	576.58	464.54	393.64	384.5	319.45
Revenue Growth (YoY)	38.07%	24.12%	18.01%	2.38%	20.36%	13.09%
Cost of Revenue	313.76	266.52	192.34	164.11	165.33	150.73
Gross Profit	354.06	310.06	272.21	229.53	219.17	168.71
Selling, General & Admin	112.23	105.34	102.5	98.52	94.61	86.8
Research & Development	65.39	65.07	52.6	44.65	41.75	32.08
Other Operating Expenses	-11	-8.1	-10.14	-10.33	-9.34	-6.47
Operating Expenses	166.28	164.21	151.76	134.55	128.46	112.32
Operating Income	187.78	145.85	120.45	94.97	90.71	56.4
Interest Expense	-0	-	-0	-0	-0.03	-0.12
Interest & Investment Income	10.76	8.62	12.92	11.33	9.89	8.39
Currency Exchange Gain (Loss)	0.19	0.19	0.13	0.55	-0.1	-0.36
Other Non Operating Income (Expenses)	-0.01	-0.31	-85.15	-0.18	-0.2	-0.02
EBT Excluding Unusual Items	198.71	154.35	48.35	106.67	100.27	64.29
Gain (Loss) on Sale of Investments	1.43	0.43	-	-	-	-
Gain (Loss) on Sale of Assets	-0	0.07	-0.14	-0	0.05	-0.01
Asset Writedown	-0.99	-0.89	-0.02	0.03	-0.59	-0.24
Other Unusual Items	5.16	5.21	7.6	3.54	3.54	19.54
Pretax Income	204.31	159.16	55.8	110.24	103.27	83.58
Income Tax Expense	22.73	15.01	1.02	12.96	12.91	10.2
Earnings From Continuing Operations	181.58	144.15	54.77	97.27	90.36	73.39
Minority Interest in Earnings	-1.26	-0.92	-1.04	-5.08	-4.03	-2.31
Net Income	180.33	143.24	53.74	92.19	86.33	71.07
Net Income to Common	180.33	143.24	53.74	92.19	86.33	71.07
Net Income Growth	127.96%	166.55%	-41.71%	6.79%	21.47%	61.45%
Shares Outstanding (Basic)	201	201	206	206	206	201
Shares Outstanding (Diluted)	201	201	207	207	207	201
Shares Change (YoY)	-1.14%	-2.45%	-0.16%	-0.06%	2.80%	-0.48%
EPS (Basic)	0.90	0.71	0.26	0.45	0.42	0.35
EPS (Diluted)	0.90	0.71	0.26	0.45	0.42	0.35
EPS Growth	130.59%	173.25%	-41.62%	6.86%	18.16%	62.22%
Free Cash Flow	206.39	164.31	108.78	100.13	20.56	59.39
Free Cash Flow Per Share	1.03	0.82	0.53	0.48	0.10	0.29
Dividend Per Share	0.300	0.300	0.145	0.175	0.165	0.150
Dividend Growth	106.90%	106.90%	-17.14%	6.06%	10.00%	20.00%
Gross Margin	53.02%	53.78%	58.60%	58.31%	57.00%	52.81%
Operating Margin	28.12%	25.30%	25.93%	24.13%	23.59%	17.66%
Profit Margin	27.00%	24.84%	11.57%	23.42%	22.45%	22.25%
Free Cash Flow Margin	30.90%	28.50%	23.42%	25.44%	5.35%	18.59%
EBITDA	206.96	163.4	135.81	105.96	101.43	67.15
EBITDA Margin	30.99%	28.34%	29.23%	26.92%	26.38%	21.02%
D&A For EBITDA	19.19	17.55	15.36	10.99	10.72	10.75
EBIT	187.78	145.85	120.45	94.97	90.71	56.4
EBIT Margin	28.12%	25.30%	25.93%	24.13%	23.59%	17.66%
Effective Tax Rate	11.13%	9.43%	1.83%	11.76%	12.50%	12.20%
Revenue as Reported	667.82	576.58	464.54	393.64	384.5	319.45
Advertising Expenses	-	1.98	2.18	1.88	3.1	4.43

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