SHE:301329 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	843.44	773.41	759.3	855.19	934	846.13
Other Revenue	13.48	13.48	14.66	18.55	17.34	21.5
Revenue	856.91	786.89	773.96	873.74	951.34	867.63
Revenue Growth (YoY)	9.21%	1.67%	-11.42%	-8.16%	9.65%	19.86%
Cost of Revenue	658.3	600.13	560.8	652.06	703.39	617.74
Gross Profit	198.62	186.75	213.16	221.68	247.95	249.89
Selling, General & Admin	105.8	93.19	99.7	91.2	98.54	86.48
Research & Development	32.19	30.78	28.55	31.71	29.76	30.96
Other Operating Expenses	4.05	4.35	4.82	6.08	5.64	5.94
Operating Expenses	142.95	128.91	132.92	127.99	133.85	124.15
Operating Income	55.66	57.84	80.24	93.69	114.1	125.75
Interest Expense	-1.06	-0.38	-0.36	-0.42	-0.55	-0.64
Interest & Investment Income	18.29	18.62	8.38	1.85	17.78	5.84
Currency Exchange Gain (Loss)	6.73	6.73	4.17	31.58	-8.67	-22.59
Other Non Operating Income (Expenses)	-0.31	-0.41	-0.48	-0.33	-0.36	-0.42
EBT Excluding Unusual Items	79.32	82.4	91.94	126.36	122.3	107.93
Gain (Loss) on Sale of Investments	0.06	-2.31	-8.15	-18.25	-4.7	9.47
Gain (Loss) on Sale of Assets	-0.96	-1.96	-0.05	-0.4	-0.17	1.73
Asset Writedown	-1.64	-2.17	-1.86	-2.02	-1.83	-0.66
Other Unusual Items	0.14	1.41	0.19	2.77	1.22	0.79
Pretax Income	76.92	77.37	82.07	108.46	116.82	119.26
Income Tax Expense	6.73	7.61	9.52	12.03	13.1	11.47
Earnings From Continuing Operations	70.19	69.76	72.55	96.44	103.72	107.79
Minority Interest in Earnings	0	0	-	-	-	-5.41
Net Income	70.19	69.76	72.55	96.44	103.72	102.39
Net Income to Common	70.19	69.76	72.55	96.44	103.72	102.39
Net Income Growth	3.60%	-3.85%	-24.77%	-7.03%	1.31%	89.34%
Shares Outstanding (Basic)	171	170	145	127	140	140
Shares Outstanding (Diluted)	171	170	145	127	140	140
Shares Change (YoY)	1.83%	17.26%	14.35%	-9.47%	-0.06%	16.72%
EPS (Basic)	0.41	0.41	0.50	0.76	0.74	0.73
EPS (Diluted)	0.41	0.41	0.50	0.76	0.74	0.73
EPS Growth	1.73%	-18.00%	-34.21%	2.70%	1.37%	62.22%
Free Cash Flow	6.07	60.24	109.28	167.85	87.88	43.79
Free Cash Flow Per Share	0.04	0.35	0.75	1.32	0.63	0.31
Dividend Per Share	0.375	0.400	0.240	-	-	0.440
Dividend Growth	-1.32%	66.67%	-	-	-	76.00%
Gross Margin	23.18%	23.73%	27.54%	25.37%	26.06%	28.80%
Operating Margin	6.50%	7.35%	10.37%	10.72%	11.99%	14.49%
Profit Margin	8.19%	8.87%	9.37%	11.04%	10.90%	11.80%
Free Cash Flow Margin	0.71%	7.66%	14.12%	19.21%	9.24%	5.05%
EBITDA	85.7	89.54	114.16	133.42	152.56	159.89
EBITDA Margin	10.00%	11.38%	14.75%	15.27%	16.04%	18.43%
D&A For EBITDA	30.04	31.7	33.92	39.73	38.46	34.14
EBIT	55.66	57.84	80.24	93.69	114.1	125.75
EBIT Margin	6.50%	7.35%	10.37%	10.72%	11.99%	14.49%
Effective Tax Rate	8.75%	9.83%	11.60%	11.09%	11.21%	9.62%
Revenue as Reported	856.91	786.89	773.96	873.74	-	-
Advertising Expenses	-	12.74	16.65	16.08	21.3	13.98

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