SHE:301141 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	682.74	517.27	461.35	568.57	522.35	366.43
Other Revenue	29.14	29.14	23.25	50.69	23.05	11.66
Revenue	711.88	546.4	484.6	619.26	545.4	378.09
Revenue Growth (YoY)	43.13%	12.75%	-21.75%	13.54%	44.25%	45.32%
Cost of Revenue	597.08	487.5	411.24	483.89	400.03	277.87
Gross Profit	114.79	58.9	73.36	135.37	145.37	100.22
Selling, General & Admin	48.29	37.65	30.03	20.01	19.74	14.96
Research & Development	22.62	17.82	17.13	21.12	19.89	12.26
Other Operating Expenses	1.81	0.75	3.43	4.67	2.94	2.04
Operating Expenses	78.06	59.39	51.23	45.06	48.75	31.39
Operating Income	36.74	-0.49	22.12	90.31	96.62	68.83
Interest Expense	-0.73	-0.25	-1.47	-6.02	-4.85	-3.32
Interest & Investment Income	6.33	13.71	22.2	0.13	0.14	0.08
Currency Exchange Gain (Loss)	1.58	1.58	0.33	7.51	-0.86	-2.59
Other Non Operating Income (Expenses)	-0.32	-0.42	-0.47	-0.31	-0.19	-0.23
EBT Excluding Unusual Items	43.6	14.14	42.72	91.6	90.86	62.76
Gain (Loss) on Sale of Investments	3.61	1.82	-	-2.64	-	-
Gain (Loss) on Sale of Assets	-2.32	-1.91	-	0.13	0.1	-0.03
Asset Writedown	-7.52	-0.1	-1.01	-0.08	-0	-0.2
Other Unusual Items	2.71	3.24	12.01	12.05	6.14	2.62
Pretax Income	40.08	17.18	53.71	101.05	97.11	65.15
Income Tax Expense	1.58	0.62	5.58	11.67	11.96	8.71
Net Income	38.5	16.56	48.13	89.38	85.15	56.44
Net Income to Common	38.5	16.56	48.13	89.38	85.15	56.44
Net Income Growth	85.65%	-65.59%	-46.15%	4.98%	50.87%	100.75%
Shares Outstanding (Basic)	125	127	116	93	93	90
Shares Outstanding (Diluted)	125	127	116	93	93	90
Shares Change (YoY)	0.55%	9.65%	25.34%	-0.47%	3.73%	2.64%
EPS (Basic)	0.31	0.13	0.41	0.96	0.91	0.63
EPS (Diluted)	0.31	0.13	0.41	0.96	0.91	0.63
EPS Growth	84.64%	-68.62%	-57.04%	5.47%	45.45%	95.58%
Free Cash Flow	-326.03	-246.4	1.46	143.2	-75.36	23.32
Free Cash Flow Per Share	-2.62	-1.93	0.01	1.54	-0.81	0.26
Dividend Per Share	0.100	0.100	0.214	0.143	-	-
Dividend Growth	-53.34%	-53.34%	49.96%	-	-	-
Gross Margin	16.13%	10.78%	15.14%	21.86%	26.65%	26.51%
Operating Margin	5.16%	-0.09%	4.57%	14.58%	17.72%	18.20%
Profit Margin	5.41%	3.03%	9.93%	14.43%	15.61%	14.93%
Free Cash Flow Margin	-45.80%	-45.09%	0.30%	23.12%	-13.82%	6.17%
EBITDA	62.06	20.71	37.82	104.73	110.07	80.07
EBITDA Margin	8.72%	3.79%	7.80%	16.91%	20.18%	21.18%
D&A For EBITDA	25.32	21.2	15.7	14.43	13.45	11.24
EBIT	36.74	-0.49	22.12	90.31	96.62	68.83
EBIT Margin	5.16%	-0.09%	4.57%	14.58%	17.72%	18.20%
Effective Tax Rate	3.94%	3.61%	10.39%	11.55%	12.32%	13.37%
Revenue as Reported	711.88	546.4	484.6	619.26	-	-
Advertising Expenses	-	2.38	0.98	0.33	-	-

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