SHE:001234 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	839.79	904.31	796.79	740.32	867.1
Other Revenue	-	3.25	2.08	1.69	2.24
Revenue	839.79	907.56	798.87	742.02	869.34
Revenue Growth (YoY)	-7.47%	13.61%	7.66%	-14.65%	25.35%
Cost of Revenue	699.04	730.68	651.35	583.29	679
Gross Profit	140.75	176.88	147.52	158.73	190.34
Selling, General & Admin	58.47	61.75	50.51	49.26	45.82
Research & Development	33.58	39.38	35.05	34.08	30.39
Other Operating Expenses	3.5	3.78	4.91	8.44	8.75
Operating Expenses	95.56	106.55	94.01	88.73	86.79
Operating Income	45.2	70.33	53.51	70	103.55
Interest Expense	-	-2.31	-0.73	-0.75	-0.63
Interest & Investment Income	2.37	10.65	12.04	8.69	1.45
Currency Exchange Gain (Loss)	-	-1.21	1.1	1.15	-0.23
Other Non Operating Income (Expenses)	0.83	-0.2	-0.18	-0.2	-0.28
EBT Excluding Unusual Items	48.39	77.26	65.74	78.9	103.85
Gain (Loss) on Sale of Investments	3.8	1.7	1.57	0.56	-
Gain (Loss) on Sale of Assets	0.03	-0.08	-1.21	0.05	0.07
Asset Writedown	-0.96	-	-	-	-
Other Unusual Items	-	-0.18	4.05	4.19	6.97
Pretax Income	51.26	78.71	70.15	83.7	110.89
Income Tax Expense	4.16	8.33	4.95	6.85	12.83
Net Income	47.11	70.38	65.19	76.85	98.05
Net Income to Common	47.11	70.38	65.19	76.85	98.05
Net Income Growth	-33.07%	7.96%	-15.17%	-21.63%	19.56%
Shares Outstanding (Basic)	107	108	107	104	80
Shares Outstanding (Diluted)	107	108	107	104	80
Shares Change (YoY)	-1.13%	1.32%	2.91%	30.27%	0.12%
EPS (Basic)	0.44	0.65	0.61	0.74	1.23
EPS (Diluted)	0.44	0.65	0.61	0.74	1.23
EPS Growth	-32.31%	6.56%	-17.57%	-39.84%	19.42%
Free Cash Flow	-43.86	-12.03	-47.14	52.53	54.41
Free Cash Flow Per Share	-0.41	-0.11	-0.44	0.51	0.68
Dividend Per Share	-	0.500	0.500	0.500	0.500
Gross Margin	16.76%	19.49%	18.47%	21.39%	21.89%
Operating Margin	5.38%	7.75%	6.70%	9.43%	11.91%
Profit Margin	5.61%	7.75%	8.16%	10.36%	11.28%
Free Cash Flow Margin	-5.22%	-1.33%	-5.90%	7.08%	6.26%
EBITDA	78.83	101.13	72.39	87.78	121.39
EBITDA Margin	9.39%	11.14%	9.06%	11.83%	13.96%
D&A For EBITDA	33.64	30.8	18.87	17.78	17.84
EBIT	45.2	70.33	53.51	70	103.55
EBIT Margin	5.38%	7.75%	6.70%	9.43%	11.91%
Effective Tax Rate	8.11%	10.58%	7.06%	8.19%	11.57%
Revenue as Reported	-	907.56	798.87	742.02	869.34
Advertising Expenses	-	-	-	0.29	0.37

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.