SHE:301281 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	429.26	457.46	445.94	442.31	419.67	365.95
Other Revenue	6.26	6.26	1.64	0.55	1.22	1.11
Revenue	435.52	463.72	447.58	442.87	420.89	367.06
Revenue Growth (YoY)	-0.52%	3.60%	1.06%	5.22%	14.67%	18.02%
Cost of Revenue	210.85	266.76	240.86	264.82	246.14	187.25
Gross Profit	224.67	196.96	206.73	178.04	174.75	179.81
Selling, General & Admin	134.26	116.12	99.72	56.03	63.1	71.71
Research & Development	48.96	35.82	43.86	26.97	24.43	27.84
Other Operating Expenses	10.93	4.19	4.36	5.3	4.47	5.33
Operating Expenses	195.3	156.42	148.25	89.14	92.11	103.96
Operating Income	29.37	40.54	58.48	88.91	82.64	75.85
Interest Expense	-0.05	-0.04	-	-	-	-1.83
Interest & Investment Income	10.24	15.4	15.97	1.33	0.96	0.11
Currency Exchange Gain (Loss)	-0.59	-0.59	1.15	1.55	-1.11	-0.55
Other Non Operating Income (Expenses)	5.51	-2.03	0.09	-0.32	0.05	-0.38
EBT Excluding Unusual Items	44.48	53.29	75.7	91.47	82.55	73.2
Gain (Loss) on Sale of Investments	0.39	0.8	0.54	-	-	-
Gain (Loss) on Sale of Assets	-0.76	-0.84	0.04	0.37	-0.04	-0.09
Asset Writedown	-1.84	-	-	-	-	-
Legal Settlements	-0.14	-0.14	-	-	-	-
Other Unusual Items	12.61	12.61	3.45	6.47	7.41	7.97
Pretax Income	54.74	65.71	79.74	98.3	89.92	81.08
Income Tax Expense	2.76	5.44	2.7	7.02	11.75	12.43
Net Income	52.06	60.27	77.04	91.28	78.17	68.65
Net Income to Common	52.06	60.27	77.04	91.28	78.17	68.65
Net Income Growth	3.77%	-21.77%	-15.60%	16.77%	13.87%	127.73%
Shares Outstanding (Basic)	108	108	101	81	81	81
Shares Outstanding (Diluted)	108	108	101	81	81	81
Shares Change (YoY)	-0.45%	6.18%	24.38%	0.53%	-0.47%	0.34%
EPS (Basic)	0.48	0.56	0.76	1.12	0.96	0.84
EPS (Diluted)	0.48	0.56	0.76	1.12	0.96	0.84
EPS Growth	4.24%	-26.32%	-32.14%	16.15%	14.40%	126.95%
Free Cash Flow	-248.07	-356.9	-33.12	84.75	31.83	98.04
Free Cash Flow Per Share	-2.31	-3.32	-0.33	1.04	0.39	1.20
Dividend Per Share	0.200	0.200	0.300	0.286	-	-
Dividend Growth	-33.33%	-33.33%	5.00%	-	-	-
Gross Margin	51.59%	42.47%	46.19%	40.20%	41.52%	48.99%
Operating Margin	6.74%	8.74%	13.06%	20.08%	19.63%	20.66%
Profit Margin	11.95%	13.00%	17.21%	20.61%	18.57%	18.70%
Free Cash Flow Margin	-56.96%	-76.96%	-7.40%	19.14%	7.56%	26.71%
EBITDA	68.43	83.84	107.43	122.54	109.5	101.2
EBITDA Margin	15.71%	18.08%	24.00%	27.67%	26.02%	27.57%
D&A For EBITDA	39.06	43.3	48.95	33.63	26.86	25.35
EBIT	29.37	40.54	58.48	88.91	82.64	75.85
EBIT Margin	6.74%	8.74%	13.06%	20.08%	19.63%	20.66%
Effective Tax Rate	5.04%	8.27%	3.38%	7.14%	13.06%	15.33%
Revenue as Reported	435.52	463.72	447.58	442.87	420.89	367.06
Advertising Expenses	-	4.03	1.89	-	-	-

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