SHE:300573 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	2,388	1,924	1,440	1,227	1,024	683.22
Other Revenue	19.49	19.49	27.86	23.2	3.6	5.46
Revenue	2,408	1,943	1,468	1,250	1,028	688.68
Revenue Growth (YoY)	33.62%	32.42%	17.42%	21.59%	49.26%	26.96%
Cost of Revenue	468.86	424.53	340.36	270.08	229.01	187.87
Gross Profit	1,939	1,519	1,127	979.78	798.91	500.81
Selling, General & Admin	913.07	875.78	689.8	595.39	456.54	321.34
Research & Development	236.3	220.66	167.3	145.61	88.45	63.19
Other Operating Expenses	16.44	10.68	7.16	6.66	13.8	3.14
Operating Expenses	1,171	1,110	867.29	748.58	558.6	388.71
Operating Income	768.32	408.42	259.93	231.2	240.31	112.1
Interest Expense	-5.45	-5.71	-1.44	-0.94	-5.99	-5.94
Interest & Investment Income	2.76	5.66	7.91	9.93	3.98	0.22
Currency Exchange Gain (Loss)	-0.11	-0.11	0.2	-0.09	-0.13	-0.02
Other Non Operating Income (Expenses)	10.91	-2.11	-1.15	-19.31	-1.05	-3.74
EBT Excluding Unusual Items	776.43	406.15	265.45	220.79	237.12	102.62
Gain (Loss) on Sale of Investments	-	-0.02	-	-	-	-
Gain (Loss) on Sale of Assets	-1.01	-0.98	-0.04	0.42	5.16	-0.08
Asset Writedown	-18.72	-14.05	-	-0	-0	-
Other Unusual Items	-10.76	3.94	-0.42	12.51	1.26	-
Pretax Income	745.94	395.03	264.99	233.72	243.54	102.54
Income Tax Expense	99.74	56.97	24.96	22.03	34.43	9.08
Earnings From Continuing Operations	646.21	338.06	240.04	211.68	209.11	93.46
Minority Interest in Earnings	-	-	-	-	-14.41	-5.48
Net Income	646.21	338.06	240.04	211.68	194.7	87.98
Net Income to Common	646.21	338.06	240.04	211.68	194.7	87.98
Net Income Growth	85.44%	40.84%	13.39%	8.72%	121.31%	145.11%
Shares Outstanding (Basic)	245	244	244	241	224	221
Shares Outstanding (Diluted)	246	245	244	241	224	225
Shares Change (YoY)	0.66%	0.70%	0.96%	7.45%	-0.30%	2.88%
EPS (Basic)	2.64	1.39	0.99	0.88	0.87	0.40
EPS (Diluted)	2.63	1.38	0.99	0.88	0.87	0.39
EPS Growth	84.22%	39.86%	12.32%	1.19%	120.40%	139.95%
Free Cash Flow	409.46	218.27	55.61	-12.96	211.9	14.01
Free Cash Flow Per Share	1.66	0.89	0.23	-0.05	0.94	0.06
Dividend Per Share	1.414	1.071	1.888	0.547	0.237	0.091
Dividend Growth	-24.79%	-43.25%	245.37%	130.73%	160.04%	99.78%
Gross Margin	80.53%	78.16%	76.81%	78.39%	77.72%	72.72%
Operating Margin	31.91%	21.02%	17.71%	18.50%	23.38%	16.28%
Profit Margin	26.84%	17.39%	16.36%	16.94%	18.94%	12.78%
Free Cash Flow Margin	17.00%	11.23%	3.79%	-1.04%	20.61%	2.03%
EBITDA	868.01	499.83	340.3	297.23	297.55	157.61
EBITDA Margin	36.05%	25.72%	23.19%	23.78%	28.95%	22.88%
D&A For EBITDA	99.69	91.42	80.38	66.03	57.24	45.51
EBIT	768.32	408.42	259.93	231.2	240.31	112.1
EBIT Margin	31.91%	21.02%	17.71%	18.50%	23.38%	16.28%
Effective Tax Rate	13.37%	14.42%	9.42%	9.43%	14.14%	8.86%
Revenue as Reported	2,408	1,943	1,468	1,250	1,028	688.68
Advertising Expenses	-	42.52	13.81	13	5.22	6.89

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