SHE:300590 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	838.02	949.46	956.59	1,002	916.03	472.17
Other Revenue	17.42	17.42	59.17	-	4.71	0.5
Revenue	855.44	966.88	1,016	1,002	920.74	472.68
Revenue Growth (YoY)	-19.16%	-4.81%	1.35%	8.85%	94.79%	-24.91%
Cost of Revenue	525.74	578.99	634.07	659.35	590.26	275.06
Gross Profit	329.7	387.89	381.69	342.87	330.48	197.62
Selling, General & Admin	131.07	125.88	117.71	104.35	76.42	54.29
Research & Development	137.29	125.33	121.45	113.37	96.39	67
Other Operating Expenses	8	6.68	5.27	2.3	0.49	0.99
Operating Expenses	276.39	258.36	243.67	222.12	174.39	121.95
Operating Income	53.3	129.53	138.03	120.75	156.09	75.67
Interest Expense	-0.27	-0.2	-0.3	-0.42	-0.23	-0.24
Interest & Investment Income	14.81	9.87	8.04	7	11.84	1.34
Currency Exchange Gain (Loss)	13.33	13.33	6.27	33.71	-7.54	-11.95
Other Non Operating Income (Expenses)	-6.15	-0.91	-1.28	-0.61	-0.52	-0.28
EBT Excluding Unusual Items	75.02	151.62	150.75	160.43	159.64	64.55
Gain (Loss) on Sale of Investments	4.01	6.19	-8.53	6.21	3.43	15.27
Gain (Loss) on Sale of Assets	-	0.1	0.22	-	0.03	0
Asset Writedown	-0	-0	0	-0.01	0.02	-0
Other Unusual Items	10.35	10.68	11.96	10.62	4.17	19.68
Pretax Income	89.39	168.6	154.44	177.25	167.33	99.93
Income Tax Expense	3.22	9.99	7.69	11.62	11.78	9.47
Net Income	86.29	158.61	146.75	165.63	155.55	90.47
Net Income to Common	86.29	158.61	146.75	165.63	155.55	90.47
Net Income Growth	-52.71%	8.08%	-11.40%	6.48%	71.94%	-44.25%
Shares Outstanding (Basic)	452	453	459	460	444	438
Shares Outstanding (Diluted)	452	453	459	460	444	438
Shares Change (YoY)	-1.59%	-1.18%	-0.33%	3.52%	1.54%	0.39%
EPS (Basic)	0.19	0.35	0.32	0.36	0.35	0.21
EPS (Diluted)	0.19	0.35	0.32	0.36	0.35	0.21
EPS Growth	-51.95%	9.38%	-11.11%	2.86%	69.33%	-44.46%
Free Cash Flow	160.21	282.17	298.08	-134.27	-62.17	-5.17
Free Cash Flow Per Share	0.35	0.62	0.65	-0.29	-0.14	-0.01
Dividend Per Share	0.220	0.220	0.150	0.120	0.100	0.056
Dividend Growth	46.67%	46.67%	25.00%	20.00%	79.86%	0.18%
Gross Margin	38.54%	40.12%	37.58%	34.21%	35.89%	41.81%
Operating Margin	6.23%	13.40%	13.59%	12.05%	16.95%	16.01%
Profit Margin	10.09%	16.40%	14.45%	16.53%	16.89%	19.14%
Free Cash Flow Margin	18.73%	29.18%	29.35%	-13.40%	-6.75%	-1.09%
EBITDA	62.54	141.39	153.38	136.17	167.78	81.64
EBITDA Margin	7.31%	14.62%	15.10%	13.59%	18.22%	17.27%
D&A For EBITDA	9.24	11.86	15.35	15.42	11.69	5.96
EBIT	53.3	129.53	138.03	120.75	156.09	75.67
EBIT Margin	6.23%	13.40%	13.59%	12.05%	16.95%	16.01%
Effective Tax Rate	3.60%	5.92%	4.98%	6.56%	7.04%	9.47%
Revenue as Reported	855.44	966.88	1,016	1,002	920.74	472.68
Advertising Expenses	-	6.22	4.39	3.39	1.9	1.67

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