SHE:300828 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	482.48	480.85	593.66	673.76	511.82	359.19
Other Revenue	141.18	141.18	71.05	91.95	62.69	9.29
Revenue	623.66	622.02	664.71	765.71	574.5	368.48
Revenue Growth (YoY)	4.80%	-6.42%	-13.19%	33.28%	55.91%	10.39%
Cost of Revenue	515.93	507.98	520.22	599.23	432.4	244.37
Gross Profit	107.73	114.05	144.49	166.49	142.11	124.11
Selling, General & Admin	35.03	33.26	32.25	29.29	26.54	28.89
Research & Development	25.82	24.67	29.42	29.48	27.48	18.28
Other Operating Expenses	2.43	1.22	3.83	4.21	3.64	3.75
Operating Expenses	62.6	58.22	67.62	65.13	61.34	52.05
Operating Income	45.13	55.83	76.87	101.35	80.76	72.06
Interest Expense	-0.66	-0.63	-1.98	-1.13	-0.01	-1.86
Interest & Investment Income	2.53	3.51	4.71	3.6	4.2	2.71
Currency Exchange Gain (Loss)	1.16	1.16	0.16	3.93	-1.32	-2.21
Other Non Operating Income (Expenses)	-0.56	-0.4	-0.64	-0.61	-0.66	-0.42
EBT Excluding Unusual Items	47.6	59.47	79.12	107.13	82.98	70.28
Gain (Loss) on Sale of Investments	-	-	-	-	0.17	0.08
Gain (Loss) on Sale of Assets	0.03	-0.01	0	0.03	0.01	-0.01
Asset Writedown	0.13	-	-	-	-	-0.01
Other Unusual Items	1.17	0.94	4.3	2.43	2.07	4.86
Pretax Income	48.92	60.41	83.43	109.59	85.22	75.2
Income Tax Expense	3.51	5.11	8.06	12.35	9.52	9.45
Net Income	45.41	55.3	75.36	97.23	75.7	65.75
Net Income to Common	45.41	55.3	75.36	97.23	75.7	65.75
Net Income Growth	-15.08%	-26.62%	-22.49%	28.44%	15.14%	5.09%
Shares Outstanding (Basic)	167	168	167	165	165	152
Shares Outstanding (Diluted)	167	168	167	168	165	152
Shares Change (YoY)	0.64%	0.07%	-0.10%	1.87%	8.46%	22.89%
EPS (Basic)	0.27	0.33	0.45	0.59	0.46	0.43
EPS (Diluted)	0.27	0.33	0.45	0.58	0.46	0.43
EPS Growth	-15.62%	-26.67%	-22.41%	26.09%	6.16%	-14.49%
Free Cash Flow	3.32	15.72	73.27	28.38	-14.08	41.18
Free Cash Flow Per Share	0.02	0.09	0.44	0.17	-0.09	0.27
Dividend Per Share	-	0.300	0.550	0.400	0.267	0.200
Dividend Growth	-	-45.45%	37.50%	49.98%	33.35%	19.98%
Gross Margin	17.27%	18.34%	21.74%	21.74%	24.73%	33.68%
Operating Margin	7.24%	8.97%	11.56%	13.24%	14.06%	19.56%
Profit Margin	7.28%	8.89%	11.34%	12.70%	13.18%	17.84%
Free Cash Flow Margin	0.53%	2.53%	11.02%	3.71%	-2.45%	11.18%
EBITDA	75.26	87.19	109.88	132.82	111.13	98.16
EBITDA Margin	12.07%	14.02%	16.53%	17.35%	19.34%	26.64%
D&A For EBITDA	30.13	31.36	33.01	31.47	30.36	26.1
EBIT	45.13	55.83	76.87	101.35	80.76	72.06
EBIT Margin	7.24%	8.97%	11.56%	13.24%	14.06%	19.56%
Effective Tax Rate	7.17%	8.45%	9.66%	11.27%	11.17%	12.57%
Revenue as Reported	623.66	622.02	664.71	765.71	574.5	368.48
Advertising Expenses	-	0.06	0.09	0.1	0.09	0.44

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