SHE:300651 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	356.38	357.38	489.18	453.56	532.9	440.03
Other Revenue	16.21	16.21	24.7	20.87	14.39	9.04
Revenue	372.59	373.59	513.88	474.44	547.29	449.08
Revenue Growth (YoY)	-17.24%	-27.30%	8.31%	-13.31%	21.87%	-10.12%
Cost of Revenue	256.73	262.07	367.35	310.41	376.8	294.35
Gross Profit	115.87	111.52	146.53	164.02	170.49	154.73
Selling, General & Admin	69.35	71.48	79.71	85.36	95.65	76.65
Research & Development	12.08	16.16	23.5	19.02	18.65	15.35
Other Operating Expenses	9.04	5.45	6.16	5.87	5.52	5.56
Operating Expenses	94	98.54	106.39	121.78	130.44	107.32
Operating Income	21.87	12.98	40.14	42.24	40.05	47.41
Interest Expense	-13.02	-9.46	-4.61	-4.93	-2.65	-1.85
Interest & Investment Income	16.49	11.91	36.8	2.99	0.56	0.07
Currency Exchange Gain (Loss)	0.48	0.48	0.09	1.68	0.47	-1.77
Other Non Operating Income (Expenses)	0.24	-0.04	1.2	-0.56	-0.92	-4.89
EBT Excluding Unusual Items	26.04	15.87	73.62	41.42	37.5	38.98
Gain (Loss) on Sale of Investments	15.79	10.71	-1.27	1.76	-3.88	-4.63
Gain (Loss) on Sale of Assets	0.48	-0	0.42	0.39	0.03	-0.04
Asset Writedown	0.28	-	0.04	0.01	-0	-
Other Unusual Items	2.07	3.88	0.22	2.21	3.58	5.55
Pretax Income	44.65	30.46	73.03	45.79	37.23	39.85
Income Tax Expense	8.16	7.54	10.36	6.16	9.63	8.3
Earnings From Continuing Operations	36.49	22.92	62.68	39.62	27.6	31.55
Minority Interest in Earnings	3.79	3.84	4.94	-1.15	-1.56	-1.46
Net Income	40.28	26.76	67.62	38.47	26.04	30.08
Net Income to Common	40.28	26.76	67.62	38.47	26.04	30.08
Net Income Growth	-22.34%	-60.42%	75.76%	47.76%	-13.45%	-29.22%
Shares Outstanding (Basic)	129	127	128	128	130	129
Shares Outstanding (Diluted)	129	127	128	128	130	129
Shares Change (YoY)	1.80%	-0.12%	-0.52%	-1.50%	1.14%	-0.02%
EPS (Basic)	0.31	0.21	0.53	0.30	0.20	0.23
EPS (Diluted)	0.31	0.21	0.53	0.30	0.20	0.23
EPS Growth	-23.71%	-60.38%	76.67%	50.00%	-14.42%	-29.20%
Free Cash Flow	69.61	35.25	136.29	81.01	67.07	43.87
Free Cash Flow Per Share	0.54	0.28	1.07	0.63	0.52	0.34
Dividend Per Share	0.250	0.150	0.150	0.120	0.100	0.100
Dividend Growth	66.67%	-	25.00%	20.00%	-	-
Gross Margin	31.10%	29.85%	28.52%	34.57%	31.15%	34.45%
Operating Margin	5.87%	3.48%	7.81%	8.90%	7.32%	10.56%
Profit Margin	10.81%	7.16%	13.16%	8.11%	4.76%	6.70%
Free Cash Flow Margin	18.68%	9.44%	26.52%	17.08%	12.25%	9.77%
EBITDA	52.61	46.5	77.35	79.5	72.32	78.59
EBITDA Margin	14.12%	12.45%	15.05%	16.76%	13.21%	17.50%
D&A For EBITDA	30.74	33.51	37.21	37.26	32.27	31.18
EBIT	21.87	12.98	40.14	42.24	40.05	47.41
EBIT Margin	5.87%	3.48%	7.81%	8.90%	7.32%	10.56%
Effective Tax Rate	18.27%	24.76%	14.18%	13.46%	25.87%	20.83%
Revenue as Reported	372.59	373.59	513.88	474.44	547.29	449.08
Advertising Expenses	-	4.9	7.71	6.22	10.87	5.51

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