SHE:301113 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	336.93	293.4	156.27	171.33	445.53	318.79
Other Revenue	2.38	2.38	1.71	2.49	2.87	2.15
Revenue	339.31	295.78	157.98	173.82	448.4	320.94
Revenue Growth (YoY)	40.29%	87.22%	-9.11%	-61.24%	39.72%	112.75%
Cost of Revenue	211.3	205.51	102.12	108.59	288.97	181.22
Gross Profit	128	90.27	55.86	65.23	159.43	139.72
Selling, General & Admin	117.84	68.79	27.47	20.55	27.29	18.14
Research & Development	10.28	15.12	11.35	8.78	14.91	9
Other Operating Expenses	2.26	2.23	2.12	1.13	1.37	1.41
Operating Expenses	128.54	86.68	41.46	27.44	43.35	31.4
Operating Income	-0.54	3.59	14.41	37.79	116.09	108.32
Interest Expense	-0	-0	-	-0.02	-0	-
Interest & Investment Income	4.5	7.18	11.58	16.94	1.81	1.54
Currency Exchange Gain (Loss)	2	2	-0.29	4.25	-2.7	-7
Other Non Operating Income (Expenses)	-0	-0.23	-0.13	0.02	-0.37	-0.01
EBT Excluding Unusual Items	5.96	12.53	25.56	58.99	114.83	102.85
Gain (Loss) on Sale of Investments	3.38	3.43	-1.23	-	0.06	-
Gain (Loss) on Sale of Assets	-0.22	0.01	0.04	0.01	0.04	0.01
Asset Writedown	0.78	-0.12	-0.37	-0.06	-0.39	-0.74
Other Unusual Items	0.16	0.44	1.81	3.8	3.78	3.57
Pretax Income	10.06	16.29	25.81	62.74	118.32	105.69
Income Tax Expense	2.7	5.12	7.04	13.71	24.51	21.14
Net Income	7.36	11.17	18.77	49.03	93.8	84.55
Net Income to Common	7.36	11.17	18.77	49.03	93.8	84.55
Net Income Growth	266.27%	-40.49%	-61.71%	-47.73%	10.95%	135.32%
Shares Outstanding (Basic)	88	91	90	91	68	68
Shares Outstanding (Diluted)	88	91	90	91	68	68
Shares Change (YoY)	-5.03%	0.41%	-0.74%	33.64%	-0.20%	-0.61%
EPS (Basic)	0.08	0.12	0.21	0.54	1.38	1.24
EPS (Diluted)	0.08	0.12	0.21	0.54	1.38	1.24
EPS Growth	285.67%	-40.73%	-61.43%	-60.89%	11.18%	136.76%
Free Cash Flow	-15.6	-83.44	-61.28	-84.61	68.36	41.07
Free Cash Flow Per Share	-0.18	-0.92	-0.68	-0.93	1.00	0.60
Dividend Per Share	0.475	0.538	0.023	-	1.000	-
Dividend Growth	168.34%	2231.17%	-	-	-	-
Gross Margin	37.72%	30.52%	35.36%	37.53%	35.56%	43.54%
Operating Margin	-0.16%	1.21%	9.12%	21.74%	25.89%	33.75%
Profit Margin	2.17%	3.78%	11.88%	28.21%	20.92%	26.34%
Free Cash Flow Margin	-4.60%	-28.21%	-38.79%	-48.68%	15.25%	12.80%
EBITDA	26.13	23.96	26.39	43.06	120.62	111.57
EBITDA Margin	7.70%	8.10%	16.70%	24.77%	26.90%	34.76%
D&A For EBITDA	26.67	20.37	11.98	5.27	4.53	3.25
EBIT	-0.54	3.59	14.41	37.79	116.09	108.32
EBIT Margin	-0.16%	1.21%	9.12%	21.74%	25.89%	33.75%
Effective Tax Rate	26.85%	31.45%	27.27%	21.86%	20.72%	20.00%
Revenue as Reported	339.31	295.78	157.98	173.82	448.4	320.94
Advertising Expenses	-	14.62	1.04	0.78	0.28	0.11

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