SHE:301108 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	696.23	539.42	592.39	648.31	970.23	737.73
Other Revenue	8.03	8.03	30.2	18.25	14.22	5.29
Revenue	704.26	547.45	622.59	666.56	984.45	743.01
Revenue Growth (YoY)	20.74%	-12.07%	-6.60%	-32.29%	32.50%	141.70%
Cost of Revenue	541.81	448.21	442.27	461.97	667.87	479.3
Gross Profit	162.45	99.24	180.32	204.59	316.58	263.72
Selling, General & Admin	58.85	51.46	55.68	38.91	29.1	19.42
Research & Development	26.43	20.48	22.52	25.29	36.38	27.36
Other Operating Expenses	4.89	0.56	0.72	4.86	7.13	3.4
Operating Expenses	102.5	80.61	77.69	69.84	73.28	53.17
Operating Income	59.95	18.63	102.63	134.75	243.31	210.55
Interest Expense	-1	-0.77	-1.01	-1.86	-1.62	-0.61
Interest & Investment Income	15.04	15.17	30.38	24.6	6.05	2.46
Currency Exchange Gain (Loss)	2.51	2.51	1.22	6.2	-6.89	-13.47
Other Non Operating Income (Expenses)	-2.01	0.78	-0.23	-0.16	-0.24	-0.18
EBT Excluding Unusual Items	74.49	36.32	133	163.52	240.61	198.74
Gain (Loss) on Sale of Investments	1.96	5.5	9.06	1.01	1.2	-
Gain (Loss) on Sale of Assets	0.17	-0.03	0.32	1.15	0.29	0.57
Asset Writedown	-18.37	-17.49	-10.51	-11.46	-0.42	-0.57
Other Unusual Items	4.88	0.85	3.13	7.95	10.18	8.32
Pretax Income	63.14	25.15	135.01	162.16	251.85	207.06
Income Tax Expense	10.49	5.97	20.46	21.2	31.81	27.43
Earnings From Continuing Operations	52.65	19.17	114.54	140.97	220.05	179.63
Minority Interest in Earnings	0.04	0.29	0.66	-	-	-
Net Income	52.68	19.46	115.2	140.97	220.05	179.63
Net Income to Common	52.68	19.46	115.2	140.97	220.05	179.63
Net Income Growth	-6.43%	-83.10%	-18.28%	-35.94%	22.50%	163.69%
Shares Outstanding (Basic)	138	114	114	113	88	85
Shares Outstanding (Diluted)	138	114	114	113	88	85
Shares Change (YoY)	55.65%	-0.01%	0.14%	29.59%	2.66%	0.12%
EPS (Basic)	0.38	0.17	1.01	1.24	2.51	2.11
EPS (Diluted)	0.38	0.17	1.01	1.24	2.51	2.11
EPS Growth	-39.88%	-83.10%	-18.39%	-50.57%	19.32%	163.39%
Free Cash Flow	-233.27	-21.11	-1.54	269.1	127.59	84.36
Free Cash Flow Per Share	-1.69	-0.19	-0.01	2.37	1.46	0.99
Dividend Per Share	0.171	0.071	0.257	0.357	0.536	-
Dividend Growth	-33.33%	-72.23%	-28.00%	-33.34%	-	-
Gross Margin	23.07%	18.13%	28.96%	30.69%	32.16%	35.49%
Operating Margin	8.51%	3.40%	16.48%	20.21%	24.71%	28.34%
Profit Margin	7.48%	3.56%	18.50%	21.15%	22.35%	24.18%
Free Cash Flow Margin	-33.12%	-3.86%	-0.25%	40.37%	12.96%	11.35%
EBITDA	113.23	62.66	134.32	169.16	271.94	227.34
EBITDA Margin	16.08%	11.45%	21.57%	25.38%	27.62%	30.60%
D&A For EBITDA	53.28	44.03	31.69	34.41	28.63	16.79
EBIT	59.95	18.63	102.63	134.75	243.31	210.55
EBIT Margin	8.51%	3.40%	16.48%	20.21%	24.71%	28.34%
Effective Tax Rate	16.62%	23.75%	15.16%	13.07%	12.63%	13.25%
Revenue as Reported	704.26	547.45	622.59	666.56	984.45	743.01
Advertising Expenses	-	0.06	0.4	0.18	0.05	0.11

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