SHE:301429 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	987.18	892.72	614.3	818.57	912.49	630.79
Other Revenue	1.31	1.31	1.21	2.15	2.04	1.2
Revenue	988.49	894.03	615.51	820.72	914.53	631.98
Revenue Growth (YoY)	21.01%	45.25%	-25.00%	-10.26%	44.71%	18.44%
Cost of Revenue	728.96	657.39	460.1	646.15	714.93	433.7
Gross Profit	259.53	236.64	155.4	174.57	199.6	198.29
Selling, General & Admin	204.29	171.34	85.19	64.67	64.02	53.76
Research & Development	28.92	28.01	24.2	29.8	34.09	29.92
Other Operating Expenses	3.67	3.15	0.49	7.09	5.81	6.1
Operating Expenses	238.88	205.58	110.83	100.54	105.33	89.91
Operating Income	20.65	31.05	44.57	74.02	94.27	108.38
Interest Expense	-3.22	-1.16	-0.38	-0	-	-1.49
Interest & Investment Income	2.23	3.01	4.62	1.16	25.09	3.3
Currency Exchange Gain (Loss)	8.16	8.16	2.27	14.54	-3.61	-8.35
Other Non Operating Income (Expenses)	-1.48	-0.95	-1.08	-0.46	0.46	-0.56
EBT Excluding Unusual Items	26.35	40.12	50	89.26	116.21	101.28
Gain (Loss) on Sale of Investments	-0.85	4.16	-2.58	-12.99	-12.65	17.91
Gain (Loss) on Sale of Assets	0.12	0.1	-0	0.01	0.06	-0.35
Asset Writedown	-1.13	-0.61	-0.14	-0.09	-0.66	-0.17
Other Unusual Items	4.78	4.78	-	13.57	12.73	6
Pretax Income	29.27	48.55	47.28	89.76	115.68	124.68
Income Tax Expense	10.64	13.03	4.55	6.18	11.5	19.37
Earnings From Continuing Operations	18.63	35.52	42.73	83.58	104.18	105.31
Minority Interest in Earnings	33.15	27.77	4.89	0.93	-3.77	-2.16
Net Income	51.78	63.28	47.62	84.51	100.41	103.15
Net Income to Common	51.78	63.28	47.62	84.51	100.41	103.15
Net Income Growth	-20.92%	32.89%	-43.65%	-15.84%	-2.66%	119.18%
Shares Outstanding (Basic)	116	117	108	89	89	89
Shares Outstanding (Diluted)	116	117	108	89	89	89
Shares Change (YoY)	-1.74%	7.93%	21.83%	0.11%	-0.07%	0.14%
EPS (Basic)	0.45	0.54	0.44	0.95	1.13	1.16
EPS (Diluted)	0.45	0.54	0.44	0.95	1.13	1.16
EPS Growth	-19.52%	23.12%	-53.75%	-15.93%	-2.59%	118.87%
Free Cash Flow	-72.87	-294.8	-73.51	5.72	58.16	108.02
Free Cash Flow Per Share	-0.63	-2.52	-0.68	0.06	0.65	1.22
Dividend Per Share	0.174	0.348	0.254	0.254	-	0.170
Dividend Growth	-59.35%	37.01%	-	-	-	-
Gross Margin	26.26%	26.47%	25.25%	21.27%	21.82%	31.38%
Operating Margin	2.09%	3.47%	7.24%	9.02%	10.31%	17.15%
Profit Margin	5.24%	7.08%	7.74%	10.30%	10.98%	16.32%
Free Cash Flow Margin	-7.37%	-32.98%	-11.94%	0.70%	6.36%	17.09%
EBITDA	71.76	74.02	76.7	103.4	119.22	129.82
EBITDA Margin	7.26%	8.28%	12.46%	12.60%	13.04%	20.54%
D&A For EBITDA	51.11	42.97	32.13	29.38	24.94	21.44
EBIT	20.65	31.05	44.57	74.02	94.27	108.38
EBIT Margin	2.09%	3.47%	7.24%	9.02%	10.31%	17.15%
Effective Tax Rate	36.35%	26.85%	9.63%	6.89%	9.94%	15.53%
Revenue as Reported	988.49	894.03	615.51	820.72	914.53	-
Advertising Expenses	-	16.91	6.76	3.74	2.87	2.34

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