SHE:300468 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	631.07	740.38	730.43	664.11	641.54
Revenue Growth (YoY)	-14.76%	1.36%	9.99%	3.52%	11.77%
Cost of Revenue	-	504.58	509.58	445.06	369.69
Gross Profit	631.07	235.8	220.85	219.06	271.86
Selling, General & Admin	-	114.47	122.97	106.33	109.92
Research & Development	-	70.1	62.74	94.23	84.76
Other Operating Expenses	553.41	4.5	4.1	4.33	2.41
Operating Expenses	553.41	188.67	191.38	205.96	195.46
Operating Income	77.66	47.13	29.48	13.1	76.4
Interest Expense	-	-0.64	-0.67	-6.53	-0.45
Interest & Investment Income	-	18.85	9.84	7.48	2.96
Currency Exchange Gain (Loss)	-	5.44	3.5	18.55	-11.4
Other Non Operating Income (Expenses)	1.15	-0.07	-0.03	-0.03	-0.13
EBT Excluding Unusual Items	78.8	70.7	42.12	32.57	67.39
Gain (Loss) on Sale of Investments	-	-	-	-	-1.39
Asset Writedown	-	-0.05	-0.09	-0.02	-0.1
Other Unusual Items	-	2.76	5.83	9.66	6.03
Pretax Income	78.8	73.41	47.87	42.21	71.93
Income Tax Expense	4.5	6.05	0.49	1	5.17
Net Income	74.3	67.36	47.38	41.21	66.76
Net Income to Common	74.3	67.36	47.38	41.21	66.76
Net Income Growth	10.30%	42.18%	14.97%	-38.27%	-10.46%
Shares Outstanding (Basic)	531	518	526	515	514
Shares Outstanding (Diluted)	531	518	526	515	514
Shares Change (YoY)	2.42%	-1.57%	2.20%	0.31%	2.63%
EPS (Basic)	0.14	0.13	0.09	0.08	0.13
EPS (Diluted)	0.14	0.13	0.09	0.08	0.13
EPS Growth	7.69%	44.44%	12.50%	-38.46%	-12.75%
Free Cash Flow	-	153.57	119.86	124.45	-28.62
Free Cash Flow Per Share	-	0.30	0.23	0.24	-0.06
Dividend Per Share	-	0.100	0.060	0.060	0.057
Dividend Growth	-	66.67%	-	4.71%	-
Gross Margin	100.00%	31.85%	30.24%	32.98%	42.38%
Operating Margin	12.31%	6.37%	4.04%	1.97%	11.91%
Profit Margin	11.77%	9.10%	6.49%	6.21%	10.41%
Free Cash Flow Margin	-	20.74%	16.41%	18.74%	-4.46%
EBITDA	92.51	61.98	47.54	32.74	94.37
EBITDA Margin	14.66%	8.37%	6.51%	4.93%	14.71%
D&A For EBITDA	14.85	14.85	18.07	19.64	17.97
EBIT	77.66	47.13	29.48	13.1	76.4
EBIT Margin	12.31%	6.37%	4.04%	1.97%	11.91%
Effective Tax Rate	5.71%	8.24%	1.02%	2.37%	7.19%
Revenue as Reported	-	740.38	730.43	664.11	641.54
Advertising Expenses	-	-	-	0.19	0.13

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