SHE:301538 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	1,000	862.08	641.95	521	465.96	325.68
Other Revenue	2.42	2.42	1.74	1.15	0.65	0.29
Revenue	1,003	864.5	643.7	522.15	466.61	325.98
Revenue Growth (YoY)	26.08%	34.30%	23.28%	11.90%	43.14%	15.76%
Cost of Revenue	601.56	500.53	369.04	299.86	254.34	168.1
Gross Profit	401.09	363.97	274.66	222.29	212.27	157.87
Selling, General & Admin	116.02	118.51	85.93	73.04	73.22	57.7
Research & Development	47.13	41.6	29.14	22.51	19.65	13.88
Other Operating Expenses	6.76	3.77	2.7	4.16	3.43	5.21
Operating Expenses	172.37	168.58	122.79	101.87	98.43	77.26
Operating Income	228.72	195.39	151.87	120.42	113.84	80.61
Interest Expense	-0.39	-0.41	-0.42	-0.07	-	-
Interest & Investment Income	8.48	7.01	1.4	0.26	0.92	1.43
Currency Exchange Gain (Loss)	1.72	1.72	1.41	3.47	-2.5	-2.85
Other Non Operating Income (Expenses)	-4.06	-1.9	-1.01	-1.14	-1.18	-1.06
EBT Excluding Unusual Items	234.47	201.8	153.25	122.93	111.08	78.13
Gain (Loss) on Sale of Investments	-0.22	0.23	-	-	-	0.44
Gain (Loss) on Sale of Assets	-0.48	0.44	0.01	0.05	0.08	0.08
Asset Writedown	-4.46	-0.2	-0.2	-0.22	-0.44	-0.73
Other Unusual Items	4.42	4.09	7.02	4.85	3.87	4.59
Pretax Income	233.73	206.36	160.09	127.6	114.59	82.51
Income Tax Expense	36.02	30.38	20.43	13.39	16.04	11.89
Net Income	197.71	175.98	139.66	114.21	98.55	70.63
Net Income to Common	197.71	175.98	139.66	114.21	98.55	70.63
Net Income Growth	18.66%	26.00%	22.28%	15.90%	39.54%	24.59%
Shares Outstanding (Basic)	77	75	64	59	59	59
Shares Outstanding (Diluted)	77	75	64	59	59	59
Shares Change (YoY)	1.04%	16.30%	9.52%	-0.15%	-0.03%	0.18%
EPS (Basic)	2.55	2.35	2.17	1.94	1.67	1.20
EPS (Diluted)	2.55	2.35	2.17	1.94	1.67	1.20
EPS Growth	17.43%	8.34%	11.64%	16.07%	39.57%	24.37%
Free Cash Flow	-20.26	-63.6	35.45	-0.75	-13.51	23.05
Free Cash Flow Per Share	-0.26	-0.85	0.55	-0.01	-0.23	0.39
Dividend Per Share	0.428	0.571	0.357	-	-	-
Dividend Growth	-14.30%	60.01%	-	-	-	-
Gross Margin	40.00%	42.10%	42.67%	42.57%	45.49%	48.43%
Operating Margin	22.81%	22.60%	23.59%	23.06%	24.40%	24.73%
Profit Margin	19.72%	20.36%	21.70%	21.87%	21.12%	21.67%
Free Cash Flow Margin	-2.02%	-7.36%	5.51%	-0.14%	-2.89%	7.07%
EBITDA	266.12	228.27	178.72	139.21	126.53	89.38
EBITDA Margin	26.54%	26.41%	27.76%	26.66%	27.12%	27.42%
D&A For EBITDA	37.4	32.88	26.85	18.79	12.69	8.77
EBIT	228.72	195.39	151.87	120.42	113.84	80.61
EBIT Margin	22.81%	22.60%	23.59%	23.06%	24.40%	24.73%
Effective Tax Rate	15.41%	14.72%	12.76%	10.50%	14.00%	14.41%
Revenue as Reported	1,003	864.5	643.7	522.15	466.61	325.98
Advertising Expenses	-	1.23	1.29	0.72	0.88	0.54

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