SHE:301592 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	506.35	535.82	408.16	340.54	200.39	113.7
Other Revenue	0.42	0.42	0.4	0.39	0.45	3.62
Revenue	506.77	536.24	408.56	340.93	200.84	117.32
Revenue Growth (YoY)	2.30%	31.25%	19.84%	69.75%	71.19%	107.85%
Cost of Revenue	275.7	284.65	192.22	154.75	84.21	55.1
Gross Profit	231.07	251.59	216.34	186.18	116.63	62.22
Selling, General & Admin	78.46	59.36	53.64	39.4	26.14	38.02
Research & Development	34.83	34.68	28.51	22.69	15.46	13.28
Other Operating Expenses	3.31	2.33	2.83	-6.35	2.42	0.12
Operating Expenses	150.24	123.07	101.81	66.44	49.97	52.47
Operating Income	80.83	128.52	114.53	119.74	66.66	9.75
Interest Expense	-11.11	-10.23	-6.85	-2.41	-1.41	-0.81
Interest & Investment Income	2.72	1.1	0.65	0.46	0.94	0.12
Other Non Operating Income (Expenses)	0.45	-1.63	-1.19	-0.66	-0.68	-0.86
EBT Excluding Unusual Items	72.89	117.76	107.15	117.14	65.51	8.21
Gain (Loss) on Sale of Investments	-	-	-	-0.11	0.11	-0.44
Gain (Loss) on Sale of Assets	-0.02	0	0	0	-	-
Asset Writedown	-0.4	-0.01	-	-0.01	-	-
Other Unusual Items	-3.05	-2.95	-1.71	-0.23	0.09	0.02
Pretax Income	69.42	114.8	105.44	116.79	65.71	7.79
Income Tax Expense	18.92	23.16	15.09	15.8	8.46	3.12
Earnings From Continuing Operations	50.5	91.64	90.35	100.99	57.25	4.67
Minority Interest in Earnings	12.69	5.8	0.96	-0.96	-0.53	0.21
Net Income	63.19	97.44	91.31	100.03	56.72	4.88
Net Income to Common	63.19	97.44	91.31	100.03	56.72	4.88
Net Income Growth	-37.38%	6.71%	-8.72%	76.37%	1062.41%	-8.40%
Shares Outstanding (Basic)	69	55	53	53	50	44
Shares Outstanding (Diluted)	69	55	53	53	50	44
Shares Change (YoY)	30.42%	5.55%	-0.02%	4.99%	14.81%	34.78%
EPS (Basic)	0.92	1.76	1.74	1.91	1.13	0.11
EPS (Diluted)	0.92	1.76	1.74	1.91	1.13	0.11
EPS Growth	-51.98%	1.10%	-8.70%	67.99%	912.50%	-32.04%
Free Cash Flow	-133.15	-148.3	-139.26	-39.79	-75.37	5.7
Free Cash Flow Per Share	-1.94	-2.68	-2.65	-0.76	-1.51	0.13
Dividend Per Share	0.700	0.700	-	-	-	-
Gross Margin	45.60%	46.92%	52.95%	54.61%	58.07%	53.04%
Operating Margin	15.95%	23.97%	28.03%	35.12%	33.19%	8.31%
Profit Margin	12.47%	18.17%	22.35%	29.34%	28.24%	4.16%
Free Cash Flow Margin	-26.27%	-27.66%	-34.09%	-11.67%	-37.53%	4.86%
EBITDA	80.58	134.38	128.53	126.94	68.45	10.97
EBITDA Margin	15.90%	25.06%	31.46%	37.23%	34.08%	9.35%
D&A For EBITDA	-0.24	5.86	14	7.19	1.79	1.21
EBIT	80.83	128.52	114.53	119.74	66.66	9.75
EBIT Margin	15.95%	23.97%	28.03%	35.12%	33.19%	8.31%
Effective Tax Rate	27.25%	20.17%	14.31%	13.53%	12.88%	40.06%
Revenue as Reported	506.77	536.24	408.56	-	-	-
Advertising Expenses	-	0.46	0.66	0.39	0.49	0.31

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