SHE:300632 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	766.75	788.02	875.21	781.72	984.04	925.16
Other Revenue	14.03	14.03	19.28	44.55	30.17	39.06
Revenue	780.79	802.05	894.49	826.27	1,014	964.22
Revenue Growth (YoY)	0.48%	-10.33%	8.26%	-18.53%	5.18%	-1.89%
Cost of Revenue	588.41	572.54	652.41	594	753.73	648.05
Gross Profit	192.38	229.51	242.08	232.27	260.48	316.17
Selling, General & Admin	155.27	158.42	148.21	134.95	119.03	104.08
Research & Development	57.31	64.13	62.52	57.33	55.55	48.53
Other Operating Expenses	-0.63	-3.26	-0.91	6.24	5.14	5.28
Operating Expenses	214.55	220.89	216.26	197.47	191.63	158.62
Operating Income	-22.18	8.62	25.82	34.8	68.85	157.55
Interest Expense	-10.11	-8.29	-10.52	-9.38	-2.74	-3.38
Interest & Investment Income	64.87	40.61	45.41	2.17	41.54	14.83
Currency Exchange Gain (Loss)	9.83	9.83	14.14	29.29	-6.28	-19.01
Other Non Operating Income (Expenses)	-14.6	-0.99	-0.91	-0.89	-2.21	-0.91
EBT Excluding Unusual Items	27.81	49.78	73.94	55.99	99.15	149.08
Impairment of Goodwill	-	-	-	-9.58	-26.52	-
Gain (Loss) on Sale of Investments	1.75	5.44	12.11	3.47	4.73	5.81
Gain (Loss) on Sale of Assets	-1.27	-0.01	-0.24	-0.51	0.35	-
Asset Writedown	-5.42	-	-	-0.99	-0.23	-1.32
Legal Settlements	-	-	-	-	0.58	-
Other Unusual Items	4.62	5.04	7.46	11.53	19.33	8.82
Pretax Income	27.48	60.26	93.28	59.9	97.41	162.4
Income Tax Expense	6.24	10.89	4.98	7.73	15.61	22.31
Earnings From Continuing Operations	21.24	49.37	88.3	52.17	81.79	140.09
Minority Interest in Earnings	3.46	2.83	0.99	0.34	-1.2	-4.66
Net Income	24.7	52.2	89.29	52.51	80.59	135.43
Net Income to Common	24.7	52.2	89.29	52.51	80.59	135.43
Net Income Growth	-50.37%	-41.54%	70.04%	-34.84%	-40.49%	-21.84%
Shares Outstanding (Basic)	305	305	305	307	310	256
Shares Outstanding (Diluted)	305	305	305	307	310	256
Shares Change (YoY)	0.03%	0.03%	-0.63%	-0.93%	21.30%	7.78%
EPS (Basic)	0.08	0.17	0.29	0.17	0.26	0.53
EPS (Diluted)	0.08	0.17	0.29	0.17	0.26	0.53
EPS Growth	-50.38%	-41.56%	71.11%	-34.23%	-50.94%	-27.48%
Free Cash Flow	-30.96	14.46	102.49	-20.74	-148.16	184.93
Free Cash Flow Per Share	-0.10	0.05	0.34	-0.07	-0.48	0.72
Dividend Per Share	0.100	0.300	0.203	0.050	0.050	0.100
Dividend Growth	-75.20%	47.66%	306.33%	-	-50.00%	-48.00%
Gross Margin	24.64%	28.62%	27.06%	28.11%	25.68%	32.79%
Operating Margin	-2.84%	1.07%	2.89%	4.21%	6.79%	16.34%
Profit Margin	3.16%	6.51%	9.98%	6.35%	7.95%	14.05%
Free Cash Flow Margin	-3.96%	1.80%	11.46%	-2.51%	-14.61%	19.18%
EBITDA	21.28	48.37	60.62	60.72	90.36	176.59
EBITDA Margin	2.73%	6.03%	6.78%	7.35%	8.91%	18.31%
D&A For EBITDA	43.46	39.75	34.8	25.91	21.52	19.04
EBIT	-22.18	8.62	25.82	34.8	68.85	157.55
EBIT Margin	-2.84%	1.07%	2.89%	4.21%	6.79%	16.34%
Effective Tax Rate	22.71%	18.07%	5.34%	12.90%	16.03%	13.74%
Revenue as Reported	780.79	802.05	894.49	826.27	1,014	964.22
Advertising Expenses	-	40.8	46.56	43.08	31.76	21.08

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