SHE:300946 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	602.03	565.12	525.96	467.89	441.64	370.07
Other Revenue	-	-	-	14.98	13.76	10.3
Revenue	602.03	565.12	525.96	482.88	455.41	380.38
Revenue Growth (YoY)	7.41%	7.45%	8.92%	6.03%	19.73%	0.92%
Cost of Revenue	459.86	422.37	383.08	346	318.84	267.62
Gross Profit	142.17	142.75	142.88	136.88	136.56	112.76
Selling, General & Admin	60.88	42.9	36.01	31.89	24.43	21.21
Research & Development	24.39	20.37	26.28	15.86	15.8	12.17
Other Operating Expenses	-17.45	-19.36	-13.99	2.41	2.82	2.61
Operating Expenses	70.76	45.76	48.19	52.69	43.68	36.73
Operating Income	71.42	96.99	94.68	84.18	92.89	76.02
Interest Expense	-4.97	-3.01	-0.73	-0.4	-0.08	-1.79
Interest & Investment Income	0.92	0.58	1.4	2.21	8.96	0.34
Currency Exchange Gain (Loss)	0.8	0.8	-0.16	1.06	0.43	-1.21
Other Non Operating Income (Expenses)	-0.13	-0.22	-0.14	-0.23	-0.33	-0.25
EBT Excluding Unusual Items	68.03	95.14	95.05	86.83	101.87	73.12
Gain (Loss) on Sale of Investments	0.18	0.3	2.78	7.79	2.15	-0.11
Gain (Loss) on Sale of Assets	-0.37	-	-	0.17	-	-
Asset Writedown	-11.32	-0.07	-0.15	-0.35	-0.02	-0.11
Other Unusual Items	3.03	3.54	1.43	-0.22	20.1	35.29
Pretax Income	59.54	98.91	99.11	94.22	124.08	108.19
Income Tax Expense	7.47	11.69	11.92	-0.92	16.38	15.15
Earnings From Continuing Operations	52.07	87.22	87.19	95.14	107.7	93.04
Minority Interest in Earnings	0.29	0.09	0.1	0.09	-	-
Net Income	52.36	87.31	87.29	95.24	107.7	93.04
Net Income to Common	52.36	87.31	87.29	95.24	107.7	93.04
Net Income Growth	-44.39%	0.03%	-8.35%	-11.57%	15.76%	29.20%
Shares Outstanding (Basic)	157	155	155	157	149	117
Shares Outstanding (Diluted)	157	155	155	157	149	117
Shares Change (YoY)	1.88%	0.03%	-0.81%	5.22%	27.25%	0.03%
EPS (Basic)	0.33	0.56	0.56	0.61	0.72	0.79
EPS (Diluted)	0.33	0.56	0.56	0.61	0.72	0.79
EPS Growth	-45.42%	-	-7.60%	-15.96%	-9.03%	29.17%
Free Cash Flow	-46.89	-14.25	-118.24	-213.76	-22.11	2.93
Free Cash Flow Per Share	-0.30	-0.09	-0.76	-1.36	-0.15	0.03
Dividend Per Share	0.235	0.115	0.177	0.177	0.179	0.179
Dividend Growth	33.07%	-34.77%	-	-1.45%	-	-
Gross Margin	23.61%	25.26%	27.16%	28.35%	29.99%	29.64%
Operating Margin	11.86%	17.16%	18.00%	17.43%	20.40%	19.99%
Profit Margin	8.70%	15.45%	16.60%	19.72%	23.65%	24.46%
Free Cash Flow Margin	-7.79%	-2.52%	-22.48%	-44.27%	-4.86%	0.77%
EBITDA	125.81	139.87	122.2	106.8	112.66	93.98
EBITDA Margin	20.90%	24.75%	23.23%	22.12%	24.74%	24.71%
D&A For EBITDA	54.39	42.87	27.51	22.62	19.77	17.96
EBIT	71.42	96.99	94.68	84.18	92.89	76.02
EBIT Margin	11.86%	17.16%	18.00%	17.43%	20.40%	19.99%
Effective Tax Rate	12.55%	11.82%	12.02%	-	13.20%	14.00%
Revenue as Reported	622.15	585.23	542.49	482.88	455.41	380.38
Advertising Expenses	-	4.38	2.58	1.03	0.56	1.42

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