SHE:301518 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	2,805	3,010	2,696	2,304	3,010	1,875
Other Revenue	40.15	40.15	15.82	8.6	18.64	3.6
Revenue	2,846	3,050	2,712	2,312	3,028	1,879
Revenue Growth (YoY)	-7.74%	12.47%	17.27%	-23.64%	61.17%	24.04%
Cost of Revenue	2,659	2,919	2,496	2,153	2,846	1,716
Gross Profit	186.25	131.09	215.38	159.27	181.92	163.31
Selling, General & Admin	71.19	71.56	68.24	48.07	47.28	44.11
Research & Development	22.2	20.24	11.54	6.71	6.61	4.92
Other Operating Expenses	-16.74	-15.02	3.16	4.75	4.44	4.21
Operating Expenses	77.69	78.29	84.7	56.8	58.95	55.11
Operating Income	108.56	52.8	130.67	102.47	122.97	108.2
Interest Expense	-1.72	-1.6	-2.07	-4.72	-9.84	-11.42
Interest & Investment Income	4.7	7.84	4.97	0.98	0.62	1.63
Currency Exchange Gain (Loss)	4.37	4.37	1.9	-0.62	-1.13	-1.82
Other Non Operating Income (Expenses)	-3.15	-0.84	-0.4	-0.2	-0.32	-0.17
EBT Excluding Unusual Items	112.75	62.56	135.07	97.91	112.3	96.42
Gain (Loss) on Sale of Investments	-	0.25	0.68	-	-	-
Gain (Loss) on Sale of Assets	0.24	0.18	-	-	-	-
Asset Writedown	-0.38	-0	-2.24	-0	-0.01	-0
Other Unusual Items	1.78	1.57	1.51	9.64	2.33	-0.03
Pretax Income	114.39	64.56	135.03	107.55	114.61	96.39
Income Tax Expense	13.56	6.39	18.86	18.12	26.87	23.17
Earnings From Continuing Operations	100.83	58.17	116.17	89.43	87.74	73.22
Minority Interest in Earnings	-0	-0.02	-0.09	-0.05	-0.19	-0.16
Net Income	100.83	58.16	116.08	89.38	87.55	73.06
Net Income to Common	100.83	58.16	116.08	89.38	87.55	73.06
Net Income Growth	43.99%	-49.90%	29.87%	2.09%	19.83%	63.02%
Shares Outstanding (Basic)	141	142	120	105	105	105
Shares Outstanding (Diluted)	141	142	120	105	105	105
Shares Change (YoY)	1.68%	18.53%	13.80%	0.02%	-	-
EPS (Basic)	0.71	0.41	0.97	0.85	0.83	0.69
EPS (Diluted)	0.71	0.41	0.97	0.85	0.83	0.69
EPS Growth	41.62%	-57.73%	14.12%	2.41%	20.29%	61.86%
Free Cash Flow	-519.71	-313.22	11.5	129.99	91.21	96.87
Free Cash Flow Per Share	-3.68	-2.21	0.10	1.24	0.87	0.92
Dividend Per Share	0.167	0.167	0.500	-	-	-
Dividend Growth	-66.60%	-66.60%	-	-	-	-
Gross Margin	6.54%	4.30%	7.94%	6.89%	6.01%	8.69%
Operating Margin	3.82%	1.73%	4.82%	4.43%	4.06%	5.76%
Profit Margin	3.54%	1.91%	4.28%	3.86%	2.89%	3.89%
Free Cash Flow Margin	-18.26%	-10.27%	0.42%	5.62%	3.01%	5.16%
EBITDA	164.91	100.14	166.02	144.86	167.29	151.15
EBITDA Margin	5.79%	3.28%	6.12%	6.26%	5.52%	8.04%
D&A For EBITDA	56.35	47.35	35.35	42.4	44.32	42.95
EBIT	108.56	52.8	130.67	102.47	122.97	108.2
EBIT Margin	3.82%	1.73%	4.82%	4.43%	4.06%	5.76%
Effective Tax Rate	11.85%	9.90%	13.97%	16.85%	23.45%	24.04%
Revenue as Reported	2,846	3,050	2,712	2,312	3,028	1,879
Advertising Expenses	-	1.85	1.43	0.07	-	-

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