SHE:300154 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	Jan '22 Jan 1, 2022
Operating Revenue	872.08	875.86	998.77	1,135	1,059	1,068
Other Revenue	18.32	18.32	16.06	14.61	13.42	14.21
Revenue	890.4	894.18	1,015	1,150	1,073	1,083
Revenue Growth (YoY)	-8.33%	-11.89%	-11.73%	7.18%	-0.92%	94.85%
Cost of Revenue	697.68	700.41	813.92	898.76	861.54	841.99
Gross Profit	192.73	193.77	200.91	250.98	211.14	240.68
Selling, General & Admin	105.79	106.51	122.83	115.42	110.92	95.5
Research & Development	30.77	32.01	35.97	33.26	35.19	34.25
Other Operating Expenses	7.72	7.75	5.95	7.08	5.76	6.78
Operating Expenses	138.09	140.08	168.53	165.84	151.62	141.85
Operating Income	54.63	53.69	32.38	85.14	59.51	98.82
Interest Expense	-9.39	-9.39	-11.21	-10.57	-3.29	-3.75
Interest & Investment Income	70.23	77.53	79.86	44.48	24.65	21.01
Currency Exchange Gain (Loss)	-20.8	-20.8	12.88	-2.56	20.35	2.37
Other Non Operating Income (Expenses)	2.82	-1.43	-1.49	-1.77	0.39	-1.98
EBT Excluding Unusual Items	97.48	99.59	112.42	114.71	101.61	116.47
Merger & Restructuring Charges	-	-	-	-	3.5	-
Gain (Loss) on Sale of Investments	-7.44	10.91	63.5	-3.94	-14.42	14.04
Gain (Loss) on Sale of Assets	-0.32	-0.35	2.84	-0.04	-0.15	-0.19
Asset Writedown	0.9	-	-0.34	-2.75	-0.21	-
Other Unusual Items	7.54	7.54	8.66	9.34	9.14	5.73
Pretax Income	98.17	117.7	187.08	117.33	99.47	136.05
Income Tax Expense	15.1	19.27	39.02	26.68	13.47	18.09
Earnings From Continuing Operations	83.06	98.43	148.06	90.65	86	117.96
Minority Interest in Earnings	4.98	5.96	2.24	9.91	-2.39	-1.09
Net Income	88.04	104.38	150.3	100.55	83.61	116.87
Net Income to Common	88.04	104.38	150.3	100.55	83.61	116.87
Net Income Growth	-46.22%	-30.55%	49.48%	20.27%	-28.46%	74.75%
Shares Outstanding (Basic)	459	454	455	457	440	450
Shares Outstanding (Diluted)	459	454	455	457	440	450
Shares Change (YoY)	0.77%	-0.36%	-0.35%	3.86%	-2.10%	0.82%
EPS (Basic)	0.19	0.23	0.33	0.22	0.19	0.26
EPS (Diluted)	0.19	0.23	0.33	0.22	0.19	0.26
EPS Growth	-46.63%	-30.30%	50.00%	15.79%	-26.92%	73.33%
Free Cash Flow	-19.89	27.81	14.67	-68.3	-115.82	25.45
Free Cash Flow Per Share	-0.04	0.06	0.03	-0.15	-0.26	0.06
Dividend Per Share	0.200	0.200	0.200	0.200	0.150	0.200
Dividend Growth	-	-	-	33.33%	-25.00%	33.33%
Gross Margin	21.64%	21.67%	19.80%	21.83%	19.68%	22.23%
Operating Margin	6.14%	6.00%	3.19%	7.41%	5.55%	9.13%
Profit Margin	9.89%	11.67%	14.81%	8.75%	7.80%	10.79%
Free Cash Flow Margin	-2.23%	3.11%	1.44%	-5.94%	-10.80%	2.35%
EBITDA	76.93	75.68	53.15	103.16	76.64	113.79
EBITDA Margin	8.64%	8.46%	5.24%	8.97%	7.14%	10.51%
D&A For EBITDA	22.3	21.99	20.76	18.02	17.13	14.96
EBIT	54.63	53.69	32.38	85.14	59.51	98.82
EBIT Margin	6.14%	6.00%	3.19%	7.41%	5.55%	9.13%
Effective Tax Rate	15.39%	16.37%	20.86%	22.74%	13.55%	13.30%
Revenue as Reported	894.18	894.18	1,015	1,150	1,073	1,083
Advertising Expenses	-	0.88	5.59	5.39	3.49	3.94

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