SHE:301602 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 2021	FY 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	359.98	368.98	319.77	279.47	315.91	326.68
Other Revenue	1.68	6.83	6.77	4.61	5.9	9.47
Revenue	361.65	375.81	326.54	284.08	321.82	336.15
Revenue Growth (YoY)	10.75%	15.09%	14.95%	-11.73%	-4.26%	-
Cost of Revenue	99.18	113.08	102.3	93.79	114.22	108.05
Gross Profit	262.48	262.74	224.24	190.29	207.59	228.11
Selling, General & Admin	88.53	82.86	83.19	77.63	78.76	94.48
Research & Development	53.07	50.04	47.72	38.56	41.28	47.61
Other Operating Expenses	-7.48	-5.08	-10.22	-6.04	-6.47	-12.35
Operating Expenses	133.27	128.97	122.17	110.32	113.61	129.2
Operating Income	129.21	133.76	102.07	79.97	93.98	98.91
Interest & Investment Income	29.39	26.01	17.06	2.91	3.78	8.78
Currency Exchange Gain (Loss)	1.93	6.35	3.94	-4.68	-9.98	4.51
Other Non Operating Income (Expenses)	-7.11	-0.19	-0.22	-0.31	-0.29	-0.24
EBT Excluding Unusual Items	153.42	165.94	122.85	77.89	87.5	111.95
Gain (Loss) on Sale of Investments	-1.5	-1.77	1.8	0.42	-0.77	0.12
Gain (Loss) on Sale of Assets	-	-	-	-0.77	-5.04	-
Asset Writedown	-2.4	-0.03	-0.01	-0.05	-0.04	-0.04
Other Unusual Items	0.98	1.26	4.89	5.35	8.21	1.24
Pretax Income	150.5	165.39	129.53	82.83	89.86	113.27
Income Tax Expense	17.65	19.82	14.09	6.91	9.79	12.67
Earnings From Continuing Operations	132.85	145.58	115.44	75.92	80.06	100.6
Minority Interest in Earnings	-	-	-0.01	0.86	0.01	0
Net Income	132.85	145.58	115.43	76.78	80.07	100.6
Net Income to Common	132.85	145.58	115.43	76.78	80.07	100.6
Net Income Growth	15.10%	26.12%	50.33%	-4.11%	-20.41%	-
Shares Outstanding (Basic)	409	364	361	366	364	-
Shares Outstanding (Diluted)	409	364	361	366	364	-
Shares Change (YoY)	13.49%	0.90%	-1.35%	0.46%	-	-
EPS (Basic)	0.32	0.40	0.32	0.21	0.22	-
EPS (Diluted)	0.32	0.40	0.32	0.21	0.22	-
EPS Growth	1.41%	25.00%	52.38%	-4.54%	-	-
Free Cash Flow	85.72	113.73	71.88	55.26	84.16	64.8
Free Cash Flow Per Share	0.21	0.31	0.20	0.15	0.23	-
Dividend Per Share	0.102	0.102	-	-	-	-
Gross Margin	72.58%	69.91%	68.67%	66.98%	64.51%	67.86%
Operating Margin	35.73%	35.59%	31.26%	28.15%	29.20%	29.42%
Profit Margin	36.73%	38.74%	35.35%	27.03%	24.88%	29.93%
Free Cash Flow Margin	23.70%	30.26%	22.01%	19.45%	26.15%	19.28%
EBITDA	139.57	144.12	113.35	96.8	110.2	113.2
EBITDA Margin	38.59%	38.35%	34.71%	34.07%	34.24%	33.68%
D&A For EBITDA	10.36	10.36	11.28	16.83	16.22	14.3
EBIT	129.21	133.76	102.07	79.97	93.98	98.91
EBIT Margin	35.73%	35.59%	31.26%	28.15%	29.20%	29.42%
Effective Tax Rate	11.73%	11.98%	10.88%	8.35%	10.90%	11.18%
Revenue as Reported	361.65	375.81	326.54	284.08	321.82	336.15
Advertising Expenses	-	6.33	5.7	3.07	2.83	7.28

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