SHE:300151 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	977.72	987.31	1,034	928.71	1,222	1,077
Other Revenue	6.47	6.47	4.88	2.56	6.7	50.63
Revenue	984.19	993.78	1,039	931.27	1,228	1,127
Revenue Growth (YoY)	-6.67%	-4.34%	11.56%	-24.18%	8.95%	0.84%
Cost of Revenue	740.7	758.72	772.76	696.29	895.47	805.2
Gross Profit	243.49	235.06	266.13	234.98	332.84	322.18
Selling, General & Admin	138.73	132.57	107.88	138.83	139.7	135.49
Research & Development	49.97	49.16	48.2	60.23	59.04	47.47
Other Operating Expenses	4.73	4.15	3.54	2.44	6.5	3.95
Operating Expenses	185.84	178.28	162.47	206.7	205.11	193.77
Operating Income	57.65	56.78	103.66	28.28	127.73	128.41
Interest Expense	-28.48	-28.48	-30.8	-27.31	-25.34	-17.82
Interest & Investment Income	22.5	21.29	19.48	15.95	12.24	11.19
Currency Exchange Gain (Loss)	2.82	2.82	6.14	7.41	22.98	-7.98
Other Non Operating Income (Expenses)	-2.39	1.07	-0.45	0.22	-1.64	-1.02
EBT Excluding Unusual Items	52.09	53.48	98.03	24.56	135.97	112.78
Impairment of Goodwill	-	-	-3.89	-0.87	-	-
Gain (Loss) on Sale of Investments	4.38	2.2	-1.23	-0.04	0.98	0.94
Gain (Loss) on Sale of Assets	3.14	2.91	-0.38	0.17	-3.42	2.63
Asset Writedown	-3.07	-0.95	-3.41	-0.68	-0.97	-0.23
Other Unusual Items	11.8	11.8	12.81	12.53	8.67	14.55
Pretax Income	68.34	69.44	101.93	35.66	141.24	130.66
Income Tax Expense	20.8	22.26	20.89	18.07	15.23	14.67
Earnings From Continuing Operations	47.54	47.18	81.04	17.59	126.01	116
Minority Interest in Earnings	16.27	17.4	20.92	14.06	2.22	-4.16
Net Income	63.81	64.59	101.96	31.66	128.22	111.84
Net Income to Common	63.81	64.59	101.96	31.66	128.22	111.84
Net Income Growth	-32.65%	-36.66%	222.11%	-75.31%	14.65%	-33.77%
Shares Outstanding (Basic)	532	538	537	528	493	447
Shares Outstanding (Diluted)	532	538	537	528	493	447
Shares Change (YoY)	-4.99%	0.29%	1.72%	6.98%	10.24%	0.67%
EPS (Basic)	0.12	0.12	0.19	0.06	0.26	0.25
EPS (Diluted)	0.12	0.12	0.19	0.06	0.26	0.25
EPS Growth	-29.11%	-36.84%	216.67%	-76.92%	4.00%	-34.21%
Free Cash Flow	-59.38	-64.27	-54.68	-39.6	-133.75	-99.69
Free Cash Flow Per Share	-0.11	-0.12	-0.10	-0.07	-0.27	-0.22
Dividend Per Share	0.080	0.080	0.135	0.050	0.200	0.180
Dividend Growth	-40.74%	-40.74%	170.00%	-75.00%	11.11%	-10.00%
Gross Margin	24.74%	23.65%	25.62%	25.23%	27.10%	28.58%
Operating Margin	5.86%	5.71%	9.98%	3.04%	10.40%	11.39%
Profit Margin	6.48%	6.50%	9.81%	3.40%	10.44%	9.92%
Free Cash Flow Margin	-6.03%	-6.47%	-5.26%	-4.25%	-10.89%	-8.84%
EBITDA	121.9	120.23	163.95	81.38	177.72	177.88
EBITDA Margin	12.39%	12.10%	15.78%	8.74%	14.47%	15.78%
D&A For EBITDA	64.25	63.45	60.28	53.1	50	49.47
EBIT	57.65	56.78	103.66	28.28	127.73	128.41
EBIT Margin	5.86%	5.71%	9.98%	3.04%	10.40%	11.39%
Effective Tax Rate	30.44%	32.05%	20.50%	50.66%	10.78%	11.22%
Revenue as Reported	993.78	993.78	1,039	931.27	1,228	1,127
Advertising Expenses	-	2.12	1.9	1.88	5.61	29.26

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