SHE:301502 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	410.09	464.13	470.52	452.78	498.54	395.76
Other Revenue	19.28	19.28	5.44	10.66	-	-
Revenue	429.37	483.41	475.96	463.44	498.54	395.76
Revenue Growth (YoY)	-10.87%	1.57%	2.70%	-7.04%	25.97%	25.81%
Cost of Revenue	346.58	391	362.57	348.1	374.62	283.09
Gross Profit	82.78	92.41	113.39	115.33	123.92	112.67
Selling, General & Admin	31.11	38.25	25.85	23.56	24.52	20.49
Research & Development	16.53	18.84	19.82	21.87	19.68	15.96
Other Operating Expenses	2.98	-0.18	0.67	2.96	2.71	2.43
Operating Expenses	53.17	60.33	48.57	46.43	49.01	40.64
Operating Income	29.62	32.09	64.82	68.9	74.91	72.02
Interest Expense	-0.99	-1.1	-1.55	-2.41	-1.38	-1.18
Interest & Investment Income	6.2	4.91	0.14	0.17	0.45	0.2
Currency Exchange Gain (Loss)	0.07	0.07	0.05	0.15	-0.09	-0.07
Other Non Operating Income (Expenses)	0.11	-0.05	0.06	-0.12	0.12	-0.32
EBT Excluding Unusual Items	35.01	35.92	63.52	66.69	74.01	70.66
Gain (Loss) on Sale of Investments	-1.23	0.16	-0	0	-0.03	0.03
Gain (Loss) on Sale of Assets	-0.05	-0.05	0.04	0.03	-	-
Asset Writedown	-0.57	-0.28	-0.05	-0.08	-0.91	-0.44
Legal Settlements	0.06	0.06	0.21	-0.27	-	-
Other Unusual Items	4.8	1.7	9.24	3.58	1.06	0.04
Pretax Income	38.02	37.51	72.96	69.96	74.14	70.29
Income Tax Expense	4.98	3.87	7.63	6.47	9	10.32
Earnings From Continuing Operations	33.04	33.64	65.33	63.48	65.14	59.97
Minority Interest in Earnings	0.01	0	0.02	0.01	0.03	0.4
Net Income	33.05	33.65	65.35	63.5	65.17	60.37
Net Income to Common	33.05	33.65	65.35	63.5	65.17	60.37
Net Income Growth	-22.18%	-48.51%	2.92%	-2.57%	7.96%	29.90%
Shares Outstanding (Basic)	58	56	43	43	43	43
Shares Outstanding (Diluted)	58	56	43	43	43	43
Shares Change (YoY)	14.30%	30.99%	-0.00%	-0.14%	0.15%	32.34%
EPS (Basic)	0.57	0.60	1.53	1.48	1.52	1.41
EPS (Diluted)	0.57	0.60	1.53	1.48	1.52	1.41
EPS Growth	-31.91%	-60.69%	2.93%	-2.43%	7.80%	-1.84%
Free Cash Flow	-40.86	-23.71	7.32	-38.86	-50.06	-7.77
Free Cash Flow Per Share	-0.70	-0.42	0.17	-0.91	-1.17	-0.18
Dividend Per Share	0.350	0.350	0.525	-	-	-
Dividend Growth	-33.33%	-33.33%	-	-	-	-
Gross Margin	19.28%	19.12%	23.82%	24.89%	24.86%	28.47%
Operating Margin	6.90%	6.64%	13.62%	14.87%	15.02%	18.20%
Profit Margin	7.70%	6.96%	13.73%	13.70%	13.07%	15.25%
Free Cash Flow Margin	-9.52%	-4.91%	1.54%	-8.38%	-10.04%	-1.96%
EBITDA	52.63	54.48	86.39	85.42	87.42	82.51
EBITDA Margin	12.26%	11.27%	18.15%	18.43%	17.54%	20.85%
D&A For EBITDA	23.01	22.39	21.57	16.52	12.52	10.49
EBIT	29.62	32.09	64.82	68.9	74.91	72.02
EBIT Margin	6.90%	6.64%	13.62%	14.87%	15.02%	18.20%
Effective Tax Rate	13.10%	10.31%	10.45%	9.25%	12.13%	14.69%
Revenue as Reported	429.37	483.41	475.96	463.44	-	-
Advertising Expenses	-	0.29	0.51	0.3	0.05	0.18

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