SHE:301229 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	1,028	943.59	883.02	677.55	536.34	483.85
Other Revenue	31.81	31.81	20.04	14.64	12.38	11.77
Revenue	1,060	975.4	903.06	692.2	548.72	495.63
Revenue Growth (YoY)	8.89%	8.01%	30.46%	26.15%	10.71%	19.93%
Cost of Revenue	842.71	756.21	692.57	561.97	420.05	358.36
Gross Profit	217.58	219.19	210.5	130.22	128.67	137.27
Selling, General & Admin	95.45	92.64	76.61	50.33	35.1	34.72
Research & Development	60.31	57.07	46.95	31.79	27.29	27.19
Other Operating Expenses	-6.54	-3.04	3.3	3.69	4.2	2.86
Operating Expenses	154.27	147.49	130.35	88.71	67.79	67.87
Operating Income	63.31	71.7	80.15	41.51	60.89	69.4
Interest Expense	-23.05	-23.62	-13	-1.32	-1.02	-1.86
Interest & Investment Income	3.02	5.48	6.25	3.55	0.67	0.8
Currency Exchange Gain (Loss)	0.88	0.88	0.61	-0.01	-0.08	-0.1
Other Non Operating Income (Expenses)	0.49	-0.14	0.02	0.46	-0.7	-0.39
EBT Excluding Unusual Items	44.65	54.29	74.04	44.19	59.75	67.86
Gain (Loss) on Sale of Investments	-1.59	-0.49	-0.13	-	-	-
Gain (Loss) on Sale of Assets	-2.27	0.48	-1.02	-2.38	0.02	0
Asset Writedown	-3.18	-2.15	-0.02	-2.11	-0.01	-0
Other Unusual Items	3.75	3.87	4.15	8.04	1.75	1.64
Pretax Income	41.35	56	77.01	47.74	61.51	69.49
Income Tax Expense	2.39	2.35	3.62	6.24	9	12.07
Earnings From Continuing Operations	38.96	53.66	73.39	41.49	52.51	57.43
Minority Interest in Earnings	-0.25	-0.04	-0.75	0	-	-
Net Income	38.71	53.61	72.65	41.49	52.51	57.43
Net Income to Common	38.71	53.61	72.65	41.49	52.51	57.43
Net Income Growth	-42.19%	-26.20%	75.08%	-20.98%	-8.56%	18.61%
Shares Outstanding (Basic)	158	156	156	151	117	117
Shares Outstanding (Diluted)	158	156	156	151	117	117
Shares Change (YoY)	1.19%	-0.07%	3.89%	28.78%	-0.25%	5.22%
EPS (Basic)	0.25	0.34	0.46	0.28	0.45	0.49
EPS (Diluted)	0.25	0.34	0.46	0.28	0.45	0.49
EPS Growth	-42.87%	-26.15%	68.53%	-38.64%	-8.33%	12.93%
Free Cash Flow	-33.43	46.58	-11.94	-169.94	-11.03	19.17
Free Cash Flow Per Share	-0.21	0.30	-0.08	-1.13	-0.09	0.16
Dividend Per Share	0.182	0.127	0.064	0.051	0.051	-
Dividend Growth	185.42%	99.22%	25.10%	-	-	-
Gross Margin	20.52%	22.47%	23.31%	18.81%	23.45%	27.70%
Operating Margin	5.97%	7.35%	8.88%	6.00%	11.10%	14.00%
Profit Margin	3.65%	5.50%	8.04%	6.00%	9.57%	11.59%
Free Cash Flow Margin	-3.15%	4.78%	-1.32%	-24.55%	-2.01%	3.87%
EBITDA	121.39	122.13	120.35	67.06	79.55	89.68
EBITDA Margin	11.45%	12.52%	13.33%	9.69%	14.50%	18.09%
D&A For EBITDA	58.09	50.43	40.21	25.55	18.67	20.28
EBIT	63.31	71.7	80.15	41.51	60.89	69.4
EBIT Margin	5.97%	7.35%	8.88%	6.00%	11.10%	14.00%
Effective Tax Rate	5.79%	4.19%	4.70%	13.08%	14.63%	17.36%
Revenue as Reported	1,060	975.4	903.06	692.2	548.72	495.63
Advertising Expenses	-	5.91	5.52	0.32	-	-

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