SHE:300729 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	6,513	5,642	3,875	3,187	2,839	1,909
Other Revenue	28.83	28.83	26.6	20.82	32.03	31.79
Revenue	6,542	5,670	3,902	3,208	2,871	1,941
Revenue Growth (YoY)	26.01%	45.33%	21.61%	11.74%	47.95%	98.42%
Cost of Revenue	4,828	4,034	2,488	2,121	1,741	1,045
Gross Profit	1,714	1,636	1,414	1,087	1,130	895.32
Selling, General & Admin	1,208	1,105	944.93	763.89	798.44	560.31
Research & Development	234.93	193.82	144.83	143.78	129.83	84.63
Other Operating Expenses	37.66	33.14	-29.9	18.75	14.35	10.93
Operating Expenses	1,471	1,346	1,065	927.49	945.61	658
Operating Income	242.84	290.2	349.51	159.5	184.46	237.32
Interest Expense	-189.93	-135.89	-89.78	-66.73	-43.02	-21.2
Interest & Investment Income	119.65	66.79	55.53	23.25	39.72	28.86
Currency Exchange Gain (Loss)	35.2	35.2	23.9	36.78	-16.54	-20
Other Non Operating Income (Expenses)	-9.01	-45.43	-27.76	-21.41	-23.82	-14.3
EBT Excluding Unusual Items	198.74	210.87	311.4	131.39	140.8	210.68
Gain (Loss) on Sale of Investments	14.03	-11.51	-25.48	-11.62	-6.17	15.68
Gain (Loss) on Sale of Assets	32.11	153.35	515.72	66.04	33.98	0.82
Asset Writedown	-20.99	-0.52	-1.98	-	-0.03	-3.22
Other Unusual Items	43.94	42.37	-4.03	83.08	33.78	11.98
Pretax Income	267.84	394.56	795.63	268.89	202.35	235.95
Income Tax Expense	28.38	58.67	161.94	50.15	17.92	19.3
Earnings From Continuing Operations	239.46	335.89	633.68	218.74	184.43	216.65
Minority Interest in Earnings	0	-0	0.01	-0.02	0.25	0.44
Net Income	239.46	335.89	633.69	218.73	184.68	217.09
Net Income to Common	239.46	335.89	633.69	218.73	184.68	217.09
Net Income Growth	-37.36%	-46.99%	189.72%	18.44%	-14.93%	244.70%
Shares Outstanding (Basic)	342	320	312	308	282	233
Shares Outstanding (Diluted)	342	320	314	312	282	239
Shares Change (YoY)	8.86%	1.97%	0.40%	10.62%	18.10%	3.37%
EPS (Basic)	0.70	1.05	2.03	0.71	0.65	0.93
EPS (Diluted)	0.70	1.05	2.02	0.70	0.65	0.91
EPS Growth	-42.46%	-48.02%	188.57%	7.07%	-27.97%	233.47%
Free Cash Flow	-394	29.9	-568.31	-202.22	-46.69	-555.37
Free Cash Flow Per Share	-1.15	0.09	-1.81	-0.65	-0.17	-2.32
Dividend Per Share	0.300	0.300	0.400	0.269	0.154	0.106
Dividend Growth	-25.00%	-25.00%	48.59%	75.03%	44.41%	-3.97%
Gross Margin	26.20%	28.86%	36.24%	33.88%	39.36%	46.13%
Operating Margin	3.71%	5.12%	8.96%	4.97%	6.42%	12.23%
Profit Margin	3.66%	5.92%	16.24%	6.82%	6.43%	11.19%
Free Cash Flow Margin	-6.02%	0.53%	-14.57%	-6.30%	-1.63%	-28.62%
EBITDA	367.46	397.91	434.65	219.46	238.85	267.97
EBITDA Margin	5.62%	7.02%	11.14%	6.84%	8.32%	13.81%
D&A For EBITDA	124.63	107.71	85.14	59.96	54.39	30.65
EBIT	242.84	290.2	349.51	159.5	184.46	237.32
EBIT Margin	3.71%	5.12%	8.96%	4.97%	6.42%	12.23%
Effective Tax Rate	10.60%	14.87%	20.35%	18.65%	8.86%	8.18%
Revenue as Reported	6,542	5,670	3,902	3,208	2,871	1,941
Advertising Expenses	-	329.32	278.82	231.25	143.74	106.9

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