SHE:001390 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,083	1,047	958.52	823.01	655.7	582.45
Other Revenue	6.44	6.44	8.2	7.37	11.46	13.3
Revenue	1,090	1,054	966.73	830.38	667.16	595.75
Revenue Growth (YoY)	9.30%	8.98%	16.42%	24.46%	11.99%	34.03%
Cost of Revenue	823.18	792.77	721.66	647.08	512.27	475.63
Gross Profit	266.42	260.73	245.07	183.3	154.89	120.12
Selling, General & Admin	25.32	25.15	18.86	15.51	13.6	13.18
Research & Development	35.33	32.51	32.81	24.96	23.37	17.39
Other Operating Expenses	-2.72	-3.78	-4.97	4.4	3.89	3.6
Operating Expenses	76.51	74.85	56.65	49.76	53.29	35.8
Operating Income	189.9	185.88	188.42	133.54	101.61	84.32
Interest Expense	-11.5	-11.65	-13.13	-12.4	-9.55	-7.94
Interest & Investment Income	3.08	2.55	0.19	0.06	0.08	0.08
Currency Exchange Gain (Loss)	-0	-0	0	-	-	-
Other Non Operating Income (Expenses)	-0.53	-0.7	-0.65	-0.54	-1.57	-0.46
EBT Excluding Unusual Items	180.96	176.08	174.82	120.67	90.56	76
Gain (Loss) on Sale of Investments	0.23	0.23	-0.06	-0.43	-0.22	-0.95
Gain (Loss) on Sale of Assets	0.03	0.03	0.11	0	0.05	0
Asset Writedown	-3.31	-	-9.88	-0.05	-	-0.45
Other Unusual Items	2.26	1.96	3.21	1.59	6.62	2.21
Pretax Income	180.17	178.3	168.19	121.78	97.01	76.81
Earnings From Continuing Operations	180.17	178.3	168.19	121.78	97.01	76.81
Net Income	180.17	178.3	168.19	121.78	97.01	76.81
Net Income to Common	180.17	178.3	168.19	121.78	97.01	76.81
Net Income Growth	4.66%	6.01%	38.11%	25.53%	26.30%	42.26%
Shares Outstanding (Basic)	190	178	150	150	149	151
Shares Outstanding (Diluted)	190	178	150	150	149	151
Shares Change (YoY)	26.12%	18.73%	-0.11%	0.73%	-0.90%	6.19%
EPS (Basic)	0.95	1.00	1.12	0.81	0.65	0.51
EPS (Diluted)	0.95	1.00	1.12	0.81	0.65	0.51
EPS Growth	-17.01%	-10.71%	38.27%	24.62%	27.45%	33.96%
Free Cash Flow	-40.38	-163.47	108.23	-26.44	-25.97	26.37
Free Cash Flow Per Share	-0.21	-0.92	0.72	-0.18	-0.17	0.17
Dividend Per Share	0.130	0.130	-	-	-	-
Gross Margin	24.45%	24.75%	25.35%	22.07%	23.22%	20.16%
Operating Margin	17.43%	17.64%	19.49%	16.08%	15.23%	14.15%
Profit Margin	16.54%	16.92%	17.40%	14.67%	14.54%	12.89%
Free Cash Flow Margin	-3.71%	-15.52%	11.20%	-3.18%	-3.89%	4.43%
EBITDA	204.21	200.17	203.86	147.3	113.46	95.89
EBITDA Margin	18.74%	19.00%	21.09%	17.74%	17.01%	16.10%
D&A For EBITDA	14.31	14.3	15.44	13.76	11.86	11.57
EBIT	189.9	185.88	188.42	133.54	101.61	84.32
EBIT Margin	17.43%	17.64%	19.49%	16.08%	15.23%	14.15%
Revenue as Reported	1,090	1,054	966.73	830.38	667.16	595.75
Advertising Expenses	-	0.27	0.08	0.14	0.05	0.05

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