SHE:301601 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	508.95	655.57	589.49	810.53	495.31	191.37
Other Revenue	6.9	6.9	2.86	2.67	2.96	2.38
Revenue	515.85	662.46	592.34	813.2	498.27	193.75
Revenue Growth (YoY)	-12.91%	11.84%	-27.16%	63.20%	157.17%	14.88%
Cost of Revenue	336.28	449.74	392.83	581.31	332.32	126.15
Gross Profit	179.57	212.73	199.52	231.88	165.95	67.6
Selling, General & Admin	94.55	80.11	74.88	73.08	60.19	35.07
Research & Development	30.67	31.36	44.82	40.84	23.69	16.29
Other Operating Expenses	0.59	5.74	3.3	5.52	3.11	2.09
Operating Expenses	157.9	127.09	134.81	123.39	95.02	54.63
Operating Income	21.67	85.64	64.71	108.49	70.93	12.98
Interest Expense	-1.56	-0.26	-0.44	-0.19	-0.33	-0.02
Interest & Investment Income	17.98	32.33	35.77	33.89	23.67	13.48
Currency Exchange Gain (Loss)	-0.33	-0.33	-0.7	0.77	-0.29	0.13
Other Non Operating Income (Expenses)	-1.39	-0.95	-0.35	-0.34	-0.04	3.39
EBT Excluding Unusual Items	36.38	116.44	98.99	142.62	93.93	29.96
Gain (Loss) on Sale of Assets	0.11	0	0.3	-	0.02	-0.22
Asset Writedown	2.73	-0	-0	-0	-0.07	-0
Other Unusual Items	2.47	2.47	5.77	6.87	2.21	5.25
Pretax Income	41.69	118.91	105.06	149.49	96.09	34.99
Income Tax Expense	0.79	12.53	7.04	19.35	11.51	4.34
Earnings From Continuing Operations	40.9	106.39	98.02	130.13	84.58	30.65
Minority Interest in Earnings	0.8	1.5	0.69	-	-	-
Net Income	41.71	107.89	98.71	130.13	84.58	30.65
Net Income to Common	41.71	107.89	98.71	130.13	84.58	30.65
Net Income Growth	-57.75%	9.30%	-24.15%	53.86%	175.92%	0.36%
Shares Outstanding (Basic)	129	105	105	105	83	79
Shares Outstanding (Diluted)	129	105	105	105	83	79
Shares Change (YoY)	22.24%	0.00%	0.39%	26.56%	4.69%	4.77%
EPS (Basic)	0.32	1.02	0.94	1.24	1.02	0.39
EPS (Diluted)	0.32	1.02	0.94	1.24	1.02	0.39
EPS Growth	-65.44%	9.30%	-24.44%	21.57%	163.57%	-4.21%
Free Cash Flow	-213.54	21.25	-404.95	-37.98	53.46	88.03
Free Cash Flow Per Share	-1.66	0.20	-3.84	-0.36	0.65	1.11
Dividend Per Share	0.180	0.180	-	-	-	-
Gross Margin	34.81%	32.11%	33.68%	28.52%	33.30%	34.89%
Operating Margin	4.20%	12.93%	10.93%	13.34%	14.24%	6.70%
Profit Margin	8.09%	16.29%	16.66%	16.00%	16.98%	15.82%
Free Cash Flow Margin	-41.40%	3.21%	-68.36%	-4.67%	10.73%	45.43%
EBITDA	30.46	95.48	75.96	119.37	81.88	22.28
EBITDA Margin	5.91%	14.41%	12.82%	14.68%	16.43%	11.50%
D&A For EBITDA	8.79	9.84	11.25	10.87	10.94	9.31
EBIT	21.67	85.64	64.71	108.49	70.93	12.98
EBIT Margin	4.20%	12.93%	10.93%	13.34%	14.24%	6.70%
Effective Tax Rate	1.90%	10.54%	6.70%	12.95%	11.98%	12.40%
Revenue as Reported	515.85	662.46	592.34	813.2	498.27	193.75
Advertising Expenses	-	1.25	1.2	0.17	0.6	0.09

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