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	Sep '26 Sep 30, 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	1,003	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	1,015	942.8	882.57	839.26	704.53	616.71
Revenue Growth	8.56%	6.82%	5.16%	19.12%	14.24%	16.10%
Cost of Revenue	696.89	643.94	609.34	573.93	495.28	438.93
Gross Profit	317.82	298.86	273.23	265.33	209.24	177.78
Selling, General & Admin	72.6	67.88	63.54	60	51.13	52.05
Research & Development	46	42.27	40.95	41.95	34.43	26.8
Other Operating Expenses	-0.78	-2.51	-1.69	2	2.72	5.85
Operating Expenses	117.81	107.64	102.8	103.99	88.23	84.7
Operating Income	200.02	191.22	170.43	161.34	121.01	93.08
Interest Expense	-3.37	-13.14	-12.73	-4.3	-1.21	-1.2
Interest & Investment Income	18.88	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)	-14.3	-0.47	-0.42	-0.41	-0.38	-0.39
EBT Excluding Unusual Items	200.17	191.42	179.34	168.84	131.02	98.14
Impairment of Goodwill	-	-	-39.13	-	-	-6.13
Gain (Loss) on Sale of Investments	-8.15	5.92	-3.13	8.51	-2.62	1.74
Gain (Loss) on Sale of Assets	-2.02	-0.96	0.11	-0.01	-0.27	-2.96
Asset Writedown	-0.14	-0.14	-0	-1.02	-0.01	-
Other Unusual Items	1.55	2.45	5.17	9.5	8.29	5.89
Pretax Income	191.4	198.68	142.36	185.82	136.4	96.68
Income Tax Expense	24.88	25.51	21.83	21.2	5.47	11.14
Earnings From Continuing Operations	166.52	173.17	120.52	164.62	130.93	85.54
Minority Interest in Earnings	2.85	3.38	-1.1	-3.09	-0.23	3.72
Net Income	169.37	176.55	119.42	161.54	130.71	89.25
Net Income to Common	169.37	176.55	119.42	161.54	130.71	89.25
Net Income Growth	30.72%	47.84%	-26.07%	23.58%	46.45%	-4.99%
Shares Outstanding (Basic)	238	235	234	234	233	235
Shares Outstanding (Diluted)	242	242	234	241	233	235
Shares Change	1.49%	3.28%	-2.88%	3.29%	-0.63%	1.93%
EPS (Basic)	0.71	0.75	0.51	0.69	0.56	0.38
EPS (Diluted)	0.70	0.73	0.51	0.67	0.56	0.38
EPS Growth	28.80%	43.14%	-23.88%	19.64%	47.37%	-6.79%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	164.86	151.26	90.39	77.38	65.5	72.35
Free Cash Flow Per Share	0.68	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	0%	0%	20.00%	0%	8.32%	20.02%
Gross Margin	31.32%	31.70%	30.96%	31.61%	29.70%	28.83%
Operating Margin	19.71%	20.28%	19.31%	19.22%	17.18%	15.09%
Profit Margin	16.69%	18.73%	13.53%	19.25%	18.55%	14.47%
Free Cash Flow Margin	16.25%	16.04%	10.24%	9.22%	9.30%	11.73%
EBITDA	255.31	244.56	221.18	200.12	157.07	127.77
EBITDA Margin	25.16%	25.94%	25.06%	23.84%	22.30%	20.72%
D&A For EBITDA	55.29	53.34	50.75	38.78	36.06	34.68
EBIT	200.02	191.22	170.43	161.34	121.01	93.08
EBIT Margin	19.71%	20.28%	19.31%	19.22%	17.18%	15.09%
Effective Tax Rate	13.00%	12.84%	15.33%	11.41%	4.01%	11.53%
Revenue as Reported	246.29	942.8	882.57	839.26	704.53	616.71
Advertising Expenses	-	0.8	0.97	0.86	0.64	0.44