SHE:300508 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	538.01	538.91	465.21	440.96	386.82	412.68
Other Revenue	6.97	6.97	0.48	0.3	0.7	0.8
Revenue	544.99	545.89	465.69	441.26	387.52	413.49
Revenue Growth (YoY)	14.72%	17.22%	5.53%	13.87%	-6.28%	97.61%
Cost of Revenue	253.52	253.02	191.23	179.73	174.05	195.31
Gross Profit	291.47	292.87	274.46	261.53	213.47	218.17
Selling, General & Admin	114.8	111.67	102.08	97.74	64.13	73.5
Research & Development	109.91	108.58	113.53	125.71	109.09	95.91
Other Operating Expenses	-1.16	-6.54	-6.65	-9.04	-15.1	-7.45
Operating Expenses	224.8	216.21	209.13	213.74	159.34	162.51
Operating Income	66.67	76.66	65.33	47.79	54.13	55.67
Interest Expense	-2.22	-1.84	-0.52	-0.58	-0.49	-0.32
Interest & Investment Income	25.87	19.72	6.31	1.48	4.05	9.44
Currency Exchange Gain (Loss)	-0.09	-0.09	0.1	0.06	0.74	-0.17
Other Non Operating Income (Expenses)	2.1	-0.02	7.93	-0.02	-0.02	0.5
EBT Excluding Unusual Items	92.33	94.43	79.14	48.72	58.41	65.11
Impairment of Goodwill	-	-	-	-7.6	-	-
Gain (Loss) on Sale of Investments	-36.94	-13.29	7.12	-4.52	-7.55	-0.85
Gain (Loss) on Sale of Assets	-0.04	6.47	6.5	0.03	0.04	-0.1
Other Unusual Items	5.41	4.1	2.6	3.12	-0.06	-
Pretax Income	60.46	91.71	95.36	39.75	50.84	64.16
Income Tax Expense	4.01	4.14	0.08	0.52	1.83	5.46
Earnings From Continuing Operations	56.44	87.57	95.28	39.23	49.01	58.7
Minority Interest in Earnings	0.32	0.24	0.14	0.3	1.59	0.41
Net Income	56.77	87.81	95.42	39.53	50.6	59.11
Net Income to Common	56.77	87.81	95.42	39.53	50.6	59.11
Net Income Growth	-39.02%	-7.98%	141.38%	-21.87%	-14.39%	103.25%
Shares Outstanding (Basic)	108	108	109	109	109	109
Shares Outstanding (Diluted)	109	109	109	109	109	109
Shares Change (YoY)	-1.09%	-0.77%	0.21%	0.12%	0.01%	0.01%
EPS (Basic)	0.53	0.81	0.87	0.36	0.46	0.54
EPS (Diluted)	0.52	0.81	0.87	0.36	0.46	0.54
EPS Growth	-38.35%	-7.26%	140.87%	-21.97%	-14.40%	103.23%
Free Cash Flow	68.35	72.45	66.98	61.29	-9.04	-27.03
Free Cash Flow Per Share	0.63	0.67	0.61	0.56	-0.08	-0.25
Dividend Per Share	0.161	0.161	0.188	0.080	0.088	0.124
Dividend Growth	-14.36%	-14.36%	135.00%	-9.09%	-29.15%	338.87%
Gross Margin	53.48%	53.65%	58.94%	59.27%	55.08%	52.76%
Operating Margin	12.23%	14.04%	14.03%	10.83%	13.97%	13.46%
Profit Margin	10.42%	16.09%	20.49%	8.96%	13.06%	14.29%
Free Cash Flow Margin	12.54%	13.27%	14.38%	13.89%	-2.33%	-6.54%
EBITDA	88.57	98.61	87.47	65.57	61.51	63.32
EBITDA Margin	16.25%	18.07%	18.78%	14.86%	15.87%	15.31%
D&A For EBITDA	21.9	21.95	22.14	17.78	7.38	7.65
EBIT	66.67	76.66	65.33	47.79	54.13	55.67
EBIT Margin	12.23%	14.04%	14.03%	10.83%	13.97%	13.46%
Effective Tax Rate	6.64%	4.52%	0.09%	1.32%	3.60%	8.51%
Revenue as Reported	544.99	545.89	465.69	441.26	387.52	413.49
Advertising Expenses	-	2.88	2.61	3.17	-	-

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