SHE:301505 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	287.8	306.7	389.78	403.32	386	350.3
Other Revenue	1.1	1.1	1.04	1.05	1.13	0.85
Revenue	288.9	307.81	390.82	404.37	387.13	351.15
Revenue Growth (YoY)	-20.71%	-21.24%	-3.35%	4.45%	10.25%	102.41%
Cost of Revenue	174.55	180.48	209.67	224.71	215.19	196.03
Gross Profit	114.36	127.32	181.15	179.65	171.94	155.12
Selling, General & Admin	50.28	54.3	53.12	51.13	52.58	55.07
Research & Development	22.72	23.36	27.95	24.37	23.36	15.29
Other Operating Expenses	2.65	2.55	1.19	1.4	2.82	2.25
Operating Expenses	98.34	107.72	106.7	92.76	93.99	80.38
Operating Income	16.02	19.61	74.44	86.89	77.95	74.73
Interest Expense	-2.08	-2.2	-0.75	-0.58	-0.65	-
Interest & Investment Income	8.77	14.99	9.74	5.59	5.41	5.41
Other Non Operating Income (Expenses)	-0.99	-0.57	-0.11	-0.33	-0.18	-0.12
EBT Excluding Unusual Items	21.72	31.83	83.33	91.57	82.54	80.03
Impairment of Goodwill	-2.39	-2.39	-	-	-	-
Gain (Loss) on Sale of Investments	3.21	2.89	0.15	-	-0.08	-0.02
Gain (Loss) on Sale of Assets	0.47	0	0.21	-0.04	0.02	-0
Other Unusual Items	0.25	0.25	6.58	0.97	1.7	2.48
Pretax Income	23.27	32.58	90.27	92.5	84.18	82.49
Income Tax Expense	2.35	3.75	11.57	12.23	10.01	14.2
Earnings From Continuing Operations	20.92	28.83	78.7	80.27	74.17	68.29
Minority Interest in Earnings	0.21	0.23	-0.65	-0.72	-1.09	-0.63
Net Income	21.13	29.06	78.05	79.55	73.08	67.66
Net Income to Common	21.13	29.06	78.05	79.55	73.08	67.66
Net Income Growth	-69.56%	-62.77%	-1.88%	8.85%	8.01%	169.96%
Shares Outstanding (Basic)	131	115	98	86	86	86
Shares Outstanding (Diluted)	131	115	98	86	86	86
Shares Change (YoY)	66.72%	17.31%	14.16%	-0.14%	0.24%	-0.40%
EPS (Basic)	0.16	0.25	0.80	0.93	0.85	0.79
EPS (Diluted)	0.16	0.25	0.80	0.93	0.85	0.79
EPS Growth	-81.74%	-68.27%	-14.05%	9.01%	7.76%	171.05%
Free Cash Flow	10.38	-44.4	-45.34	23.54	18.14	68.99
Free Cash Flow Per Share	0.08	-0.39	-0.46	0.28	0.21	0.81
Dividend Per Share	0.200	0.201	0.615	-	-	-
Dividend Growth	-40.80%	-67.32%	-	-	-	-
Gross Margin	39.58%	41.37%	46.35%	44.43%	44.41%	44.17%
Operating Margin	5.54%	6.37%	19.05%	21.49%	20.14%	21.28%
Profit Margin	7.32%	9.44%	19.97%	19.67%	18.88%	19.27%
Free Cash Flow Margin	3.59%	-14.42%	-11.60%	5.82%	4.69%	19.65%
EBITDA	22.17	25.15	79.17	91.59	82.1	78.7
EBITDA Margin	7.67%	8.17%	20.26%	22.65%	21.21%	22.41%
D&A For EBITDA	6.15	5.54	4.73	4.7	4.15	3.96
EBIT	16.02	19.61	74.44	86.89	77.95	74.73
EBIT Margin	5.54%	6.37%	19.05%	21.49%	20.14%	21.28%
Effective Tax Rate	10.08%	11.50%	12.82%	13.23%	11.89%	17.21%
Revenue as Reported	288.9	307.81	390.82	404.37	387.13	351.15
Advertising Expenses	-	0.39	0.73	0.77	0.79	0.58

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