SHE:300712 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	1,860	2,038	2,031	2,190	1,567	979.35
Other Revenue	2.61	2.61	2.99	2.05	0.75	1.09
Revenue	1,862	2,040	2,034	2,192	1,568	980.44
Revenue Growth (YoY)	-17.53%	0.30%	-7.20%	39.81%	59.92%	-31.93%
Cost of Revenue	1,534	1,671	1,634	1,753	1,224	713.63
Gross Profit	327.99	369.03	400.54	439.21	344.13	266.81
Selling, General & Admin	211.19	227.18	220.1	235.53	236.37	123.83
Research & Development	69.22	73.06	92.61	71.14	55.52	38.47
Other Operating Expenses	11.73	6.37	3.98	-4.79	-21.27	5.79
Operating Expenses	299.39	343.04	348.02	325.92	293.58	178.45
Operating Income	28.6	26	52.53	113.28	50.55	88.36
Interest Expense	-56.92	-56.17	-29.86	-30.23	-29.75	-32.09
Interest & Investment Income	22.23	18.07	25.43	30.97	23.1	16.49
Currency Exchange Gain (Loss)	2.4	2.4	0.95	2.55	-7.84	-23.88
Other Non Operating Income (Expenses)	0.33	4.93	6.71	-46.15	-9.96	-2.01
EBT Excluding Unusual Items	-3.37	-4.77	55.76	70.42	26.1	46.87
Impairment of Goodwill	-0.84	-0.84	-	-2.29	-	-2.52
Gain (Loss) on Sale of Investments	0.04	2.9	-2.22	-1.62	0.85	0.03
Gain (Loss) on Sale of Assets	-0.08	0.29	0.01	1.07	-0.01	-0.01
Asset Writedown	-0.62	-1.09	-0.15	-	-1.06	-0.1
Other Unusual Items	9.71	7.29	2.43	16.53	0.71	14.52
Pretax Income	5.09	4.04	56.07	84.11	26.58	58.79
Income Tax Expense	2.59	4.37	2.52	10.01	-2.88	11.17
Earnings From Continuing Operations	2.5	-0.34	53.55	74.1	29.46	47.62
Minority Interest in Earnings	37.3	36.64	0.78	9.81	11.31	3.3
Net Income	39.8	36.3	54.33	83.91	40.77	50.92
Net Income to Common	39.8	36.3	54.33	83.91	40.77	50.92
Net Income Growth	-30.82%	-33.19%	-35.25%	105.83%	-19.94%	-30.38%
Shares Outstanding (Basic)	184	186	186	184	182	182
Shares Outstanding (Diluted)	188	188	186	187	187	182
Shares Change (YoY)	0.85%	0.75%	-0.66%	0.09%	2.82%	-0.01%
EPS (Basic)	0.22	0.19	0.29	0.46	0.22	0.28
EPS (Diluted)	0.21	0.19	0.29	0.45	0.22	0.28
EPS Growth	-31.41%	-33.69%	-34.82%	103.50%	-21.32%	-30.38%
Free Cash Flow	180.41	-180.2	-184.38	98.49	137.64	63.35
Free Cash Flow Per Share	0.96	-0.96	-0.99	0.53	0.73	0.35
Dividend Per Share	0.050	0.050	0.100	0.100	0.100	0.100
Dividend Growth	-50.00%	-50.00%	-	-	-	-
Gross Margin	17.61%	18.09%	19.69%	20.04%	21.95%	27.21%
Operating Margin	1.54%	1.27%	2.58%	5.17%	3.22%	9.01%
Profit Margin	2.14%	1.78%	2.67%	3.83%	2.60%	5.19%
Free Cash Flow Margin	9.69%	-8.83%	-9.06%	4.49%	8.78%	6.46%
EBITDA	70.69	61.28	78.73	136.25	71.87	107.47
EBITDA Margin	3.80%	3.00%	3.87%	6.22%	4.58%	10.96%
D&A For EBITDA	42.09	35.28	26.2	22.97	21.31	19.11
EBIT	28.6	26	52.53	113.28	50.55	88.36
EBIT Margin	1.54%	1.27%	2.58%	5.17%	3.22%	9.01%
Effective Tax Rate	50.95%	108.42%	4.50%	11.90%	-	19.01%
Revenue as Reported	1,862	2,040	2,034	2,192	1,568	980.44
Advertising Expenses	-	2.89	3.73	2.67	1.07	1.08

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