SHE:301507 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	741.57	638.76	580.36	545.65	487.91	433.76
Other Revenue	2.49	2.49	1.37	1.47	1.66	5.67
Revenue	744.06	641.25	581.73	547.12	489.58	439.43
Revenue Growth (YoY)	20.85%	10.23%	6.33%	11.75%	11.41%	25.38%
Cost of Revenue	365.43	288.19	225.42	219.47	169.18	156.82
Gross Profit	378.62	353.06	356.32	327.65	320.4	282.6
Selling, General & Admin	258.61	246.23	240.88	219.63	226.67	197.16
Research & Development	24.73	23.98	29.56	27.17	24.07	17.3
Other Operating Expenses	7.07	7.2	5.95	5.64	7.39	5.21
Operating Expenses	290.39	278.08	277.3	252.25	258.51	219.81
Operating Income	88.23	74.98	79.02	75.4	61.89	62.8
Interest Expense	-	-0.06	-0.11	-0.16	-0.51	-2.46
Interest & Investment Income	23.93	29.5	13.98	8.79	10.48	6.25
Currency Exchange Gain (Loss)	-0.06	-0.06	-	-	-	-
Other Non Operating Income (Expenses)	1.46	-0.82	-0.12	-0.08	6.97	-8.07
EBT Excluding Unusual Items	113.56	103.54	92.77	83.95	78.84	58.52
Gain (Loss) on Sale of Investments	23.08	-0.5	1.06	-0.46	-2.65	1.24
Gain (Loss) on Sale of Assets	-0	-	-	-0	0.18	0.06
Asset Writedown	-0.61	-0	-	-0.27	-0.29	-0.19
Other Unusual Items	3.22	3.22	2.98	4.85	2.86	2.79
Pretax Income	139.25	106.25	96.8	88.07	78.94	62.42
Income Tax Expense	18.51	14.42	11.16	9.06	8.71	11.71
Net Income	120.07	91.83	85.63	79.01	70.22	50.72
Net Income to Common	120.07	91.83	85.63	79.01	70.22	50.72
Net Income Growth	33.21%	7.24%	8.38%	12.51%	38.46%	16.08%
Shares Outstanding (Basic)	352	353	295	263	260	238
Shares Outstanding (Diluted)	352	353	295	263	260	238
Shares Change (YoY)	-0.37%	19.61%	12.12%	1.26%	9.28%	-
EPS (Basic)	0.34	0.26	0.29	0.30	0.27	0.21
EPS (Diluted)	0.34	0.26	0.29	0.30	0.27	0.21
EPS Growth	33.70%	-10.35%	-3.33%	11.11%	26.70%	-
Free Cash Flow	-13.29	13.57	72.08	68.37	18.75	82.82
Free Cash Flow Per Share	-0.04	0.04	0.24	0.26	0.07	0.35
Dividend Per Share	0.100	0.100	0.100	-	-	-
Gross Margin	50.89%	55.06%	61.25%	59.89%	65.44%	64.31%
Operating Margin	11.86%	11.69%	13.58%	13.78%	12.64%	14.29%
Profit Margin	16.14%	14.32%	14.72%	14.44%	14.34%	11.54%
Free Cash Flow Margin	-1.79%	2.12%	12.39%	12.50%	3.83%	18.85%
EBITDA	105.94	96.52	105.66	106.79	91.42	91.22
EBITDA Margin	14.24%	15.05%	18.16%	19.52%	18.67%	20.76%
D&A For EBITDA	17.71	21.54	26.64	31.39	29.53	28.43
EBIT	88.23	74.98	79.02	75.4	61.89	62.8
EBIT Margin	11.86%	11.69%	13.58%	13.78%	12.64%	14.29%
Effective Tax Rate	13.29%	13.57%	11.53%	10.29%	11.04%	18.75%
Revenue as Reported	744.06	641.25	581.73	547.12	-	-
Advertising Expenses	-	37.41	34.43	77.05	91.52	95.43

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