SHE:003027 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	640.77	721.78	721.34	771.95	934.94	929.37
Other Revenue	1.89	1.89	2.97	3.24	3.33	3.99
Revenue	642.66	723.67	724.31	775.19	938.27	933.36
Revenue Growth (YoY)	-20.05%	-0.09%	-6.56%	-17.38%	0.53%	21.60%
Cost of Revenue	469.33	540.67	580.83	603.21	642.53	592.2
Gross Profit	173.33	183	143.48	171.98	295.74	341.16
Selling, General & Admin	80.03	79.47	69.72	59.46	75.52	68.82
Research & Development	42.92	45.73	50.83	62.1	56.33	48.83
Other Operating Expenses	-3.22	-3.2	0	4.56	7.43	8.24
Operating Expenses	117.63	119.89	119.81	151.7	164.45	147.53
Operating Income	55.7	63.12	23.67	20.28	131.29	193.63
Interest Expense	-2.75	-2.75	-6.62	-7.07	-3.92	-0.13
Interest & Investment Income	31.66	31.63	23.13	4.94	15.59	10.33
Other Non Operating Income (Expenses)	-3.47	-7.31	-14.07	-0.8	-0.75	-0.5
EBT Excluding Unusual Items	81.15	84.69	26.1	17.35	142.21	203.32
Gain (Loss) on Sale of Investments	1.59	1.19	-2	0.26	3.27	0.91
Gain (Loss) on Sale of Assets	-0.4	0.01	-0.05	0.01	-0	-0.24
Asset Writedown	-0.41	-0.08	-	-	-0.04	-0
Other Unusual Items	4.73	4.73	21.52	10.1	8.01	6.51
Pretax Income	86.66	90.53	45.58	27.72	153.44	210.5
Income Tax Expense	9.46	10.22	2.48	-1.05	20.45	28.68
Earnings From Continuing Operations	77.2	80.32	43.11	28.77	132.99	181.82
Minority Interest in Earnings	-6.47	-6.34	-4.07	-3.23	-13.11	-19.38
Net Income	70.73	73.98	39.04	25.54	119.88	162.44
Net Income to Common	70.73	73.98	39.04	25.54	119.88	162.44
Net Income Growth	59.91%	89.52%	52.82%	-78.69%	-26.20%	5.44%
Shares Outstanding (Basic)	128	130	81	134	130	130
Shares Outstanding (Diluted)	130	132	130	134	133	131
Shares Change (YoY)	1.09%	1.53%	-3.22%	0.93%	1.68%	34.35%
EPS (Basic)	0.55	0.57	0.48	0.19	0.92	1.25
EPS (Diluted)	0.54	0.56	0.30	0.19	0.90	1.24
EPS Growth	58.19%	86.67%	57.89%	-78.89%	-27.42%	-21.52%
Free Cash Flow	155.95	159.47	49.92	16.67	-350.14	-28.88
Free Cash Flow Per Share	1.20	1.21	0.38	0.12	-2.63	-0.22
Dividend Per Share	0.300	0.300	0.300	0.060	0.250	0.300
Dividend Growth	-	-	400.00%	-76.00%	-16.67%	-9.99%
Gross Margin	26.97%	25.29%	19.81%	22.18%	31.52%	36.55%
Operating Margin	8.67%	8.72%	3.27%	2.62%	13.99%	20.75%
Profit Margin	11.01%	10.22%	5.39%	3.29%	12.78%	17.40%
Free Cash Flow Margin	24.27%	22.04%	6.89%	2.15%	-37.32%	-3.09%
EBITDA	104.71	111.54	69.7	58.49	150.19	211.56
EBITDA Margin	16.29%	15.41%	9.62%	7.54%	16.01%	22.67%
D&A For EBITDA	49.01	48.42	46.03	38.21	18.9	17.94
EBIT	55.7	63.12	23.67	20.28	131.29	193.63
EBIT Margin	8.67%	8.72%	3.27%	2.62%	13.99%	20.75%
Effective Tax Rate	10.91%	11.28%	5.43%	-	13.33%	13.62%
Revenue as Reported	723.67	723.67	724.31	775.19	938.27	933.36
Advertising Expenses	-	-	0.23	0.29	-	-

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