SHE:001234 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	858.4	837.46	904.31	796.79	740.32	867.1
Other Revenue	2.34	2.34	3.25	2.08	1.69	2.24
Revenue	860.73	839.79	907.56	798.87	742.02	869.34
Revenue Growth (YoY)	-2.23%	-7.47%	13.61%	7.66%	-14.65%	25.35%
Cost of Revenue	721.27	700.26	731.24	651.35	583.29	679
Gross Profit	139.46	139.53	176.32	147.52	158.73	190.34
Selling, General & Admin	58.19	58.21	61.19	50.51	49.26	45.82
Research & Development	32.16	33.58	39.38	35.05	34.08	30.39
Other Operating Expenses	10.02	7.66	3.78	4.91	8.44	8.75
Operating Expenses	100.84	99.93	105.86	94.01	88.73	86.79
Operating Income	38.62	39.61	70.47	53.51	70	103.55
Interest Expense	-1.15	-1.15	-2.31	-0.73	-0.75	-0.63
Interest & Investment Income	5.53	5.25	10.65	12.04	8.69	1.45
Currency Exchange Gain (Loss)	0.12	0.12	-1.21	1.1	1.15	-0.23
Other Non Operating Income (Expenses)	-7.13	-0.11	-0.33	-0.18	-0.2	-0.28
EBT Excluding Unusual Items	36	43.73	77.26	65.74	78.9	103.85
Gain (Loss) on Sale of Investments	3.4	3.8	1.7	1.57	0.56	-
Gain (Loss) on Sale of Assets	-0.11	-0.11	-0.08	-1.21	0.05	0.07
Asset Writedown	-0.86	-	-	-	-	-
Other Unusual Items	3.85	3.85	-0.18	4.05	4.19	6.97
Pretax Income	42.28	51.26	78.71	70.15	83.7	110.89
Income Tax Expense	2.18	4.16	8.33	4.95	6.85	12.83
Net Income	40.1	47.11	70.38	65.19	76.85	98.05
Net Income to Common	40.1	47.11	70.38	65.19	76.85	98.05
Net Income Growth	-35.05%	-33.07%	7.96%	-15.17%	-21.63%	19.56%
Shares Outstanding (Basic)	106	107	108	107	104	80
Shares Outstanding (Diluted)	106	107	108	107	104	80
Shares Change (YoY)	-2.87%	-1.13%	1.32%	2.91%	30.27%	0.12%
EPS (Basic)	0.38	0.44	0.65	0.61	0.74	1.23
EPS (Diluted)	0.38	0.44	0.65	0.61	0.74	1.23
EPS Growth	-33.13%	-32.31%	6.56%	-17.57%	-39.84%	19.42%
Free Cash Flow	-83.87	-43.86	-12.03	-47.14	52.53	54.41
Free Cash Flow Per Share	-0.79	-0.41	-0.11	-0.44	0.51	0.68
Dividend Per Share	0.290	0.290	0.500	0.500	0.500	0.500
Dividend Growth	-42.00%	-42.00%	-	-	-	-
Gross Margin	16.20%	16.61%	19.43%	18.47%	21.39%	21.89%
Operating Margin	4.49%	4.72%	7.76%	6.70%	9.43%	11.91%
Profit Margin	4.66%	5.61%	7.75%	8.16%	10.36%	11.28%
Free Cash Flow Margin	-9.74%	-5.22%	-1.33%	-5.90%	7.08%	6.26%
EBITDA	72.33	72.79	101.55	72.39	87.78	121.39
EBITDA Margin	8.40%	8.67%	11.19%	9.06%	11.83%	13.96%
D&A For EBITDA	33.7	33.18	31.08	18.87	17.78	17.84
EBIT	38.62	39.61	70.47	53.51	70	103.55
EBIT Margin	4.49%	4.72%	7.76%	6.70%	9.43%	11.91%
Effective Tax Rate	5.15%	8.11%	10.58%	7.06%	8.19%	11.57%
Revenue as Reported	839.79	839.79	907.56	798.87	742.02	869.34
Advertising Expenses	-	0.17	0.21	-	0.29	0.37

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