SHE:301196 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	2,137	1,796	1,325	939.9	1,144	892.7
Other Revenue	22.8	22.8	16.41	18.2	15.63	17.83
Revenue	2,160	1,819	1,341	958.1	1,159	910.54
Revenue Growth (YoY)	22.71%	35.64%	39.97%	-17.34%	27.30%	30.21%
Cost of Revenue	1,549	1,328	940.6	663.11	788.88	600.22
Gross Profit	611.04	491.21	400.47	294.99	370.27	310.31
Selling, General & Admin	269.25	236.74	192.93	119.71	116.11	98.95
Research & Development	101.96	86.29	69.25	58.04	43.85	32.61
Other Operating Expenses	35.55	16.82	13.55	6.21	7.32	7.32
Operating Expenses	412.72	344.03	280.76	185.57	167.25	140.46
Operating Income	198.32	147.18	119.71	109.42	203.02	169.86
Interest Expense	-4.35	-3.56	-2.73	-1.38	-0.38	-0.32
Interest & Investment Income	53.22	52.11	56.74	48.17	15.98	13.44
Currency Exchange Gain (Loss)	7.7	7.7	4.29	7.11	-8.71	-7.71
Other Non Operating Income (Expenses)	-26.63	-1.07	1.17	-0.4	-0.63	-0.63
EBT Excluding Unusual Items	228.25	202.36	179.19	162.92	209.27	174.65
Impairment of Goodwill	-8.32	-8.32	-	-	-	-
Gain (Loss) on Sale of Investments	-0.9	-1.21	1.68	2.06	-0.91	1.48
Gain (Loss) on Sale of Assets	-1.07	-0.13	0.68	0.09	0.31	0.5
Asset Writedown	-0.28	-0.46	-0.84	-0.97	-0.28	-0.28
Legal Settlements	-1.57	-1.57	-	-	-	-
Other Unusual Items	79.32	61.73	25.88	16.45	16.96	16.88
Pretax Income	295.43	252.4	206.6	180.54	225.35	193.23
Income Tax Expense	19.79	26.1	30.7	15.67	29.21	26.44
Earnings From Continuing Operations	275.64	226.3	175.9	164.87	196.14	166.79
Minority Interest in Earnings	-10.65	-6.04	-7.83	-1.42	-4.34	-6.03
Net Income	264.99	220.26	168.07	163.45	191.8	160.76
Net Income to Common	264.99	220.26	168.07	163.45	191.8	160.76
Net Income Growth	12.21%	31.05%	2.83%	-14.78%	19.31%	68.82%
Shares Outstanding (Basic)	125	124	125	125	94	94
Shares Outstanding (Diluted)	125	124	125	125	94	94
Shares Change (YoY)	0.15%	-0.45%	0.00%	33.33%	0.00%	6.92%
EPS (Basic)	2.13	1.77	1.35	1.31	2.05	1.72
EPS (Diluted)	2.13	1.77	1.35	1.31	2.05	1.72
EPS Growth	12.04%	31.65%	2.83%	-36.08%	19.31%	57.89%
Free Cash Flow	124.63	103.34	-105.98	-49.03	-6.16	66.03
Free Cash Flow Per Share	1.00	0.83	-0.85	-0.39	-0.07	0.70
Dividend Per Share	1.200	1.100	0.900	0.700	0.600	-
Dividend Growth	-14.29%	22.22%	28.57%	16.67%	-	-
Gross Margin	28.29%	27.00%	29.86%	30.79%	31.94%	34.08%
Operating Margin	9.18%	8.09%	8.93%	11.42%	17.51%	18.65%
Profit Margin	12.27%	12.11%	12.53%	17.06%	16.55%	17.66%
Free Cash Flow Margin	5.77%	5.68%	-7.90%	-5.12%	-0.53%	7.25%
EBITDA	326.78	257.73	206.4	168.38	256.37	216.25
EBITDA Margin	15.13%	14.17%	15.39%	17.57%	22.12%	23.75%
D&A For EBITDA	128.46	110.56	86.69	58.96	53.36	46.39
EBIT	198.32	147.18	119.71	109.42	203.02	169.86
EBIT Margin	9.18%	8.09%	8.93%	11.42%	17.51%	18.65%
Effective Tax Rate	6.70%	10.34%	14.86%	8.68%	12.96%	13.69%
Revenue as Reported	2,160	1,819	1,341	958.1	1,159	910.54
Advertising Expenses	-	3.83	3.68	3.53	2.72	1.83

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