SHE:301012 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	1,302	1,224	568.95	633.29	506.99	430.53
Other Revenue	109.74	109.74	6.06	1.62	4.65	7.58
Revenue	1,411	1,333	575.01	634.91	511.64	438.11
Revenue Growth (YoY)	21.31%	131.88%	-9.43%	24.09%	16.78%	-14.06%
Cost of Revenue	1,257	1,158	504.56	505.25	407.91	336.85
Gross Profit	154.71	175.49	70.45	129.65	103.73	101.26
Selling, General & Admin	77.71	60.31	31.8	32.22	20.5	25.64
Research & Development	29.47	28.11	19.78	26.81	16.57	15.88
Other Operating Expenses	-1.02	-2.76	3.01	1.74	2.56	2.67
Operating Expenses	94.72	94.2	66.28	53.87	48.48	42.73
Operating Income	59.98	81.29	4.17	75.79	55.26	58.53
Interest Expense	-6.04	-5.39	-4.54	-8.41	-3.1	-4.89
Interest & Investment Income	4.91	4.91	4.5	0.51	0.75	0.22
Currency Exchange Gain (Loss)	0.99	0.99	0.35	0.04	-0.06	-0.18
Other Non Operating Income (Expenses)	-1.49	-0.45	-0.11	-0.15	-0.18	-0.08
EBT Excluding Unusual Items	58.35	81.35	4.37	67.78	52.66	53.6
Gain (Loss) on Sale of Investments	0.24	0.04	-0.65	-0.09	-	-
Gain (Loss) on Sale of Assets	-	-	0.03	0	0	-0.02
Asset Writedown	1.54	-	-	-0.03	-	-
Other Unusual Items	1.14	1.09	2.02	4.58	6.05	2.15
Pretax Income	61.27	82.48	5.77	72.23	58.71	55.73
Income Tax Expense	9.54	12.45	-0.88	6.29	7.15	7.27
Earnings From Continuing Operations	51.73	70.03	6.65	65.94	51.55	48.46
Minority Interest in Earnings	-0.31	0.31	0.11	-	-	0.61
Net Income	51.42	70.34	6.77	65.94	51.55	49.07
Net Income to Common	51.42	70.34	6.77	65.94	51.55	49.07
Net Income Growth	-10.71%	939.68%	-89.74%	27.89%	5.06%	6.97%
Shares Outstanding (Basic)	199	197	179	165	144	123
Shares Outstanding (Diluted)	199	197	179	165	144	123
Shares Change (YoY)	1.17%	10.33%	8.70%	14.06%	17.09%	2.29%
EPS (Basic)	0.26	0.36	0.04	0.40	0.36	0.40
EPS (Diluted)	0.26	0.36	0.04	0.40	0.36	0.40
EPS Growth	-11.74%	842.33%	-90.56%	12.13%	-10.28%	4.58%
Free Cash Flow	-11.81	-155.85	-107.09	-136.57	-119.33	29
Free Cash Flow Per Share	-0.06	-0.79	-0.60	-0.83	-0.83	0.23
Dividend Per Share	0.101	0.101	0.071	0.051	0.051	-
Dividend Growth	42.02%	42.02%	40.00%	-	-	-
Gross Margin	10.96%	13.16%	12.25%	20.42%	20.27%	23.11%
Operating Margin	4.25%	6.10%	0.73%	11.94%	10.80%	13.36%
Profit Margin	3.64%	5.28%	1.18%	10.38%	10.08%	11.20%
Free Cash Flow Margin	-0.84%	-11.69%	-18.62%	-21.51%	-23.32%	6.62%
EBITDA	83.78	101.56	19.73	85.4	62.28	65.45
EBITDA Margin	5.94%	7.62%	3.43%	13.45%	12.17%	14.94%
D&A For EBITDA	23.8	20.27	15.56	9.61	7.02	6.92
EBIT	59.98	81.29	4.17	75.79	55.26	58.53
EBIT Margin	4.25%	6.10%	0.73%	11.94%	10.80%	13.36%
Effective Tax Rate	15.57%	15.09%	-	8.71%	12.19%	13.05%
Revenue as Reported	1,411	1,333	575.01	634.91	511.64	438.11
Advertising Expenses	-	-	-	0.02	-	-

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