SHE:301580 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	992.31	886.9	779.23	602.25	544.97	361.19
Other Revenue	1.27	1.27	1.15	0.49	0.32	0.44
Revenue	993.58	888.17	780.38	602.73	545.28	361.63
Revenue Growth (YoY)	15.59%	13.81%	29.47%	10.54%	50.79%	20.88%
Cost of Revenue	475.18	419.66	397.55	331.4	340.98	209.02
Gross Profit	518.4	468.5	382.83	271.33	204.31	152.62
Selling, General & Admin	278.88	251.14	189.02	137.75	114.92	77.21
Research & Development	62.32	47.36	40.07	27.9	20.7	12.28
Other Operating Expenses	8.28	4.63	6.43	2.45	2.97	2.36
Operating Expenses	352.92	307.81	235.24	170.88	141.25	98.87
Operating Income	165.48	160.7	147.6	100.45	63.06	53.75
Interest Expense	-0.31	-0.23	-0.12	-0.3	-0.56	-0.77
Interest & Investment Income	20.71	14.36	13.93	10.66	4.44	0.43
Currency Exchange Gain (Loss)	-3.34	-3.34	9.05	18.93	-3.28	-2.09
Other Non Operating Income (Expenses)	11.23	-2.84	-2.9	-1.29	-1.29	-1.14
EBT Excluding Unusual Items	193.77	168.65	167.55	128.45	62.37	50.17
Gain (Loss) on Sale of Investments	7.44	2.4	1.87	1.12	0.91	0.08
Gain (Loss) on Sale of Assets	1.71	0.79	0.05	0.1	-0.07	0.05
Asset Writedown	-4.29	-0.08	-1.2	-0.46	-0.16	-0.61
Legal Settlements	-2.06	-2.06	-0.05	-1.15	-	-
Other Unusual Items	4.56	1.68	2.35	3.92	0.98	1.94
Pretax Income	201.12	171.37	170.57	131.98	64.03	51.63
Income Tax Expense	20.17	21.92	23.32	15.67	8.57	7.2
Earnings From Continuing Operations	180.96	149.45	147.25	116.31	55.46	44.43
Minority Interest in Earnings	-0.03	1.04	-0.29	-0.51	-0.11	0.19
Net Income	180.93	150.49	146.96	115.8	55.34	44.62
Net Income to Common	180.93	150.49	146.96	115.8	55.34	44.62
Net Income Growth	13.45%	2.40%	26.90%	109.24%	24.03%	-8.15%
Shares Outstanding (Basic)	102	93	80	80	74	69
Shares Outstanding (Diluted)	102	93	80	80	74	69
Shares Change (YoY)	12.75%	16.45%	0.24%	7.21%	7.33%	0.00%
EPS (Basic)	1.77	1.61	1.84	1.45	0.74	0.64
EPS (Diluted)	1.77	1.61	1.84	1.45	0.74	0.64
EPS Growth	0.62%	-12.06%	26.60%	95.18%	15.55%	-8.16%
Free Cash Flow	184.65	65.68	106.89	168.79	5.8	15.84
Free Cash Flow Per Share	1.80	0.70	1.33	2.11	0.08	0.23
Dividend Per Share	0.464	0.464	-	-	-	-
Gross Margin	52.18%	52.75%	49.06%	45.02%	37.47%	42.20%
Operating Margin	16.66%	18.09%	18.91%	16.67%	11.56%	14.86%
Profit Margin	18.21%	16.94%	18.83%	19.21%	10.15%	12.34%
Free Cash Flow Margin	18.58%	7.40%	13.70%	28.00%	1.06%	4.38%
EBITDA	194.31	184.91	161.49	108.97	70.32	58.43
EBITDA Margin	19.56%	20.82%	20.69%	18.08%	12.90%	16.16%
D&A For EBITDA	28.82	24.21	13.9	8.52	7.26	4.68
EBIT	165.48	160.7	147.6	100.45	63.06	53.75
EBIT Margin	16.66%	18.09%	18.91%	16.67%	11.56%	14.86%
Effective Tax Rate	10.03%	12.79%	13.67%	11.88%	13.38%	13.94%
Revenue as Reported	993.58	888.17	780.38	602.73	545.28	361.63
Advertising Expenses	-	-	-	14.14	13.2	-

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