SHE:301148 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	508.23	537.75	533.34	727.99	647.25	579.1
Other Revenue	18.09	18.09	21.44	28.15	28.07	18.54
Revenue	526.32	555.84	554.79	756.14	675.32	597.64
Revenue Growth (YoY)	0.08%	0.19%	-26.63%	11.97%	13.00%	3.76%
Cost of Revenue	328.16	347.88	353.01	518.93	394.58	339.55
Gross Profit	198.16	207.95	201.77	237.2	280.74	258.09
Selling, General & Admin	86	97.59	119.32	122.72	96.75	67.43
Research & Development	27.24	36.51	40.01	50.18	49.35	35.53
Other Operating Expenses	3.7	2.61	2.24	2.92	0.19	-5.33
Operating Expenses	161.1	184.42	181.15	187.23	142.72	102.73
Operating Income	37.06	23.53	20.62	49.97	138.02	155.36
Interest Expense	-1.58	-1.03	-1.83	-2.32	-3.26	-0.48
Interest & Investment Income	1.34	1.06	6.39	6.83	0.23	0.24
Currency Exchange Gain (Loss)	-0.59	-0.59	0.4	0.88	0.19	-0.22
Other Non Operating Income (Expenses)	1.24	-0.77	-1.69	-0.54	1.32	-2.22
EBT Excluding Unusual Items	37.47	22.2	23.89	54.83	136.5	152.68
Gain (Loss) on Sale of Investments	12.22	14.63	16.22	7.76	0.31	1.03
Gain (Loss) on Sale of Assets	5.43	5.25	5.93	5	22.36	6.09
Asset Writedown	-4.11	-0.24	-2.27	-2.4	-4.4	-4.66
Other Unusual Items	4.19	4.19	14.39	14.9	16.95	16.19
Pretax Income	55.21	46.03	58.15	80.09	171.72	171.33
Income Tax Expense	-2.5	-1.74	0.43	-27.16	22.18	25.73
Earnings From Continuing Operations	57.71	47.76	57.72	107.25	149.55	145.6
Minority Interest in Earnings	-0.71	2.44	0.35	-0.65	-0.88	1.03
Net Income	57	50.2	58.07	106.6	148.66	146.63
Net Income to Common	57	50.2	58.07	106.6	148.66	146.63
Net Income Growth	6.91%	-13.55%	-45.52%	-28.30%	1.39%	-20.85%
Shares Outstanding (Basic)	116	117	116	107	87	87
Shares Outstanding (Diluted)	116	117	116	107	87	87
Shares Change (YoY)	0.38%	0.52%	8.95%	21.89%	0.19%	6.01%
EPS (Basic)	0.49	0.43	0.50	1.00	1.70	1.68
EPS (Diluted)	0.49	0.43	0.50	1.00	1.70	1.68
EPS Growth	6.50%	-14.00%	-50.00%	-41.18%	1.19%	-25.33%
Free Cash Flow	5.5	-88.2	-37.29	-96.15	-38.34	-47.18
Free Cash Flow Per Share	0.05	-0.76	-0.32	-0.90	-0.44	-0.54
Dividend Per Share	0.390	0.390	0.390	0.390	0.520	-
Dividend Growth	-	-	-	-25.00%	-	-
Gross Margin	37.65%	37.41%	36.37%	31.37%	41.57%	43.19%
Operating Margin	7.04%	4.23%	3.72%	6.61%	20.44%	26.00%
Profit Margin	10.83%	9.03%	10.47%	14.10%	22.01%	24.54%
Free Cash Flow Margin	1.04%	-15.87%	-6.72%	-12.72%	-5.68%	-7.89%
EBITDA	54.14	78.32	125.69	139.68	207.73	205.07
EBITDA Margin	10.29%	14.09%	22.66%	18.47%	30.76%	34.31%
D&A For EBITDA	17.09	54.79	105.07	89.71	69.71	49.71
EBIT	37.06	23.53	20.62	49.97	138.02	155.36
EBIT Margin	7.04%	4.23%	3.72%	6.61%	20.44%	26.00%
Effective Tax Rate	-	-	0.74%	-	12.91%	15.02%
Revenue as Reported	526.32	555.84	554.79	756.14	675.32	597.64
Advertising Expenses	-	-	-	1.63	-	-

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