SHE:003015 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	644.24	654.93	570.2	471.19	461.08	478.69
Other Revenue	12.43	12.43	12.85	6.74	8.06	9.65
Revenue	656.67	667.36	583.05	477.93	469.14	488.34
Revenue Growth (YoY)	8.97%	14.46%	22.00%	1.87%	-3.93%	-5.60%
Cost of Revenue	456.72	460.6	434.34	389.39	348.51	324.24
Gross Profit	199.95	206.76	148.71	88.54	120.63	164.1
Selling, General & Admin	78.49	70.49	47.31	50.01	46.54	45.88
Research & Development	47.87	43.71	33.79	31.74	25.53	24.82
Other Operating Expenses	1.18	1.66	-2.8	1.75	2.94	3.17
Operating Expenses	127.67	116	78.14	100.45	74	72.77
Operating Income	72.27	90.76	70.57	-11.91	46.63	91.33
Interest Expense	-0.7	-0.7	-2.36	-4.05	-4.86	-7.11
Interest & Investment Income	2.12	2.12	3.37	3.34	2.87	7.88
Currency Exchange Gain (Loss)	-1.02	-1.02	-0.15	0.96	-0.28	0.51
Other Non Operating Income (Expenses)	1.18	-0.13	0.1	0.14	-0.19	-0.5
EBT Excluding Unusual Items	73.85	91.03	71.54	-11.53	44.17	92.11
Gain (Loss) on Sale of Investments	0.04	0.02	-	0.06	-0.53	-
Gain (Loss) on Sale of Assets	-0	-0	0.04	-0.03	-0	-
Asset Writedown	-0.69	-	-	-4.49	-0.09	-0.02
Other Unusual Items	5.7	5.7	3.01	2.17	4.15	3.78
Pretax Income	78.9	96.75	74.59	-13.8	47.7	95.87
Income Tax Expense	-7.96	-7.8	7.11	2.78	7.8	13.51
Net Income	86.86	104.55	67.47	-16.58	39.89	82.36
Net Income to Common	86.86	104.55	67.47	-16.58	39.89	82.36
Net Income Growth	-2.67%	54.94%	-	-	-51.56%	-16.88%
Shares Outstanding (Basic)	276	275	270	276	266	284
Shares Outstanding (Diluted)	276	275	270	276	266	284
Shares Change (YoY)	8.24%	1.93%	-2.34%	3.92%	-6.36%	28.98%
EPS (Basic)	0.31	0.38	0.25	-0.06	0.15	0.29
EPS (Diluted)	0.31	0.38	0.25	-0.06	0.15	0.29
EPS Growth	-10.08%	52.00%	-	-	-48.28%	-35.56%
Free Cash Flow	-13.38	35.07	131.41	92.59	8.3	-81.07
Free Cash Flow Per Share	-0.05	0.13	0.49	0.34	0.03	-0.28
Dividend Per Share	0.200	0.200	0.200	0.100	0.200	0.200
Dividend Growth	-	-	100.00%	-50.00%	-	33.33%
Gross Margin	30.45%	30.98%	25.51%	18.52%	25.71%	33.60%
Operating Margin	11.01%	13.60%	12.10%	-2.49%	9.94%	18.70%
Profit Margin	13.23%	15.67%	11.57%	-3.47%	8.50%	16.87%
Free Cash Flow Margin	-2.04%	5.25%	22.54%	19.37%	1.77%	-16.60%
EBITDA	154.13	173.53	157.01	79.15	113.11	150.74
EBITDA Margin	23.47%	26.00%	26.93%	16.56%	24.11%	30.87%
D&A For EBITDA	81.85	82.77	86.44	91.06	66.47	59.4
EBIT	72.27	90.76	70.57	-11.91	46.63	91.33
EBIT Margin	11.01%	13.60%	12.10%	-2.49%	9.94%	18.70%
Effective Tax Rate	-	-	9.54%	-	16.36%	14.09%
Revenue as Reported	667.36	667.36	583.05	477.93	469.14	488.34
Advertising Expenses	-	1.64	2.09	2.05	0.78	2.9

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