SHE:300452 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	Dec '21 Dec 31, 2021
Operating Revenue	944.82	931.3	871.93	827.17	694.08	607.27
Other Revenue	11.49	11.49	10.64	12.09	10.44	9.43
Revenue	956.32	942.8	882.57	839.26	704.53	616.71
Revenue Growth (YoY)	7.12%	6.82%	5.16%	19.12%	14.24%	16.10%
Cost of Revenue	653.28	643.94	609.34	573.93	495.28	438.93
Gross Profit	303.04	298.86	273.23	265.33	209.24	177.78
Selling, General & Admin	68.75	67.88	63.54	60	51.13	52.05
Research & Development	40.61	42.27	40.95	41.95	34.43	26.8
Other Operating Expenses	-0.73	-2.51	-1.69	2	2.72	5.85
Operating Expenses	108.62	107.64	102.8	103.99	88.23	84.7
Operating Income	194.42	191.22	170.43	161.34	121.01	93.08
Interest Expense	-13.36	-13.14	-12.73	-4.3	-1.21	-1.2
Interest & Investment Income	17.36	14.89	20.18	11.84	9.05	6.93
Currency Exchange Gain (Loss)	-1.06	-1.06	1.88	0.37	2.56	-0.28
Other Non Operating Income (Expenses)	-2.45	-0.47	-0.42	-0.41	-0.38	-0.39
EBT Excluding Unusual Items	194.91	191.42	179.34	168.84	131.02	98.14
Impairment of Goodwill	-	-	-39.13	-	-	-6.13
Gain (Loss) on Sale of Investments	3.33	5.92	-3.13	8.51	-2.62	1.74
Gain (Loss) on Sale of Assets	-1.07	-0.96	0.11	-0.01	-0.27	-2.96
Asset Writedown	-0.14	-0.14	-0	-1.02	-0.01	-
Other Unusual Items	2.91	2.45	5.17	9.5	8.29	5.89
Pretax Income	199.94	198.68	142.36	185.82	136.4	96.68
Income Tax Expense	25.95	25.51	21.83	21.2	5.47	11.14
Earnings From Continuing Operations	173.99	173.17	120.52	164.62	130.93	85.54
Minority Interest in Earnings	2.44	3.38	-1.1	-3.09	-0.23	3.72
Net Income	176.44	176.55	119.42	161.54	130.71	89.25
Net Income to Common	176.44	176.55	119.42	161.54	130.71	89.25
Net Income Growth	51.08%	47.84%	-26.07%	23.58%	46.45%	-4.99%
Shares Outstanding (Basic)	235	235	234	234	233	235
Shares Outstanding (Diluted)	242	242	234	241	233	235
Shares Change (YoY)	2.01%	3.28%	-2.88%	3.29%	-0.63%	1.93%
EPS (Basic)	0.75	0.75	0.51	0.69	0.56	0.38
EPS (Diluted)	0.73	0.73	0.51	0.67	0.56	0.38
EPS Growth	48.10%	43.14%	-23.88%	19.64%	47.37%	-6.79%
Free Cash Flow	169.27	151.26	90.39	77.38	65.5	72.35
Free Cash Flow Per Share	0.70	0.63	0.39	0.32	0.28	0.31
Dividend Per Share	0.300	0.300	0.300	0.250	0.250	0.231
Dividend Growth	-	-	20.00%	-	8.32%	20.02%
Gross Margin	31.69%	31.70%	30.96%	31.61%	29.70%	28.83%
Operating Margin	20.33%	20.28%	19.31%	19.22%	17.18%	15.09%
Profit Margin	18.45%	18.73%	13.53%	19.25%	18.55%	14.47%
Free Cash Flow Margin	17.70%	16.04%	10.24%	9.22%	9.30%	11.73%
EBITDA	-	244.56	221.18	200.12	157.07	127.77
EBITDA Margin	-	25.94%	25.06%	23.84%	22.30%	20.72%
D&A For EBITDA	-	53.34	50.75	38.78	36.06	34.68
EBIT	194.42	191.22	170.43	161.34	121.01	93.08
EBIT Margin	20.33%	20.28%	19.31%	19.22%	17.18%	15.09%
Effective Tax Rate	12.98%	12.84%	15.33%	11.41%	4.01%	11.53%
Revenue as Reported	956.32	942.8	882.57	839.26	704.53	616.71
Advertising Expenses	-	0.8	0.97	0.86	0.64	0.44

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