SHE:300515 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
Operating Revenue	659.86	575.87	464.18	392.94	384.34
Other Revenue	-	0.72	0.36	0.69	0.17
Revenue	659.86	576.58	464.54	393.64	384.5
Revenue Growth (YoY)	14.44%	24.12%	18.01%	2.38%	20.36%
Cost of Revenue	-	266.52	192.34	164.11	165.33
Gross Profit	659.86	310.06	272.21	229.53	219.17
Selling, General & Admin	-	105.34	102.5	98.52	94.61
Research & Development	-	65.07	52.6	44.65	41.75
Other Operating Expenses	456.57	-8.1	-10.14	-10.33	-9.34
Operating Expenses	456.57	164.21	151.76	134.55	128.46
Operating Income	203.28	145.85	120.45	94.97	90.71
Interest Expense	-	-	-0	-0	-0.03
Interest & Investment Income	-	8.62	12.92	11.33	9.89
Currency Exchange Gain (Loss)	-	0.19	0.13	0.55	-0.1
Other Non Operating Income (Expenses)	-0.7	-0.31	-85.15	-0.18	-0.2
EBT Excluding Unusual Items	202.58	154.35	48.35	106.67	100.27
Gain (Loss) on Sale of Investments	-	0.43	-	-	-
Gain (Loss) on Sale of Assets	-	0.07	-0.14	-0	0.05
Asset Writedown	-	-0.89	-0.02	0.03	-0.59
Other Unusual Items	-	5.21	7.6	3.54	3.54
Pretax Income	202.58	159.16	55.8	110.24	103.27
Income Tax Expense	19.27	15.01	1.02	12.96	12.91
Earnings From Continuing Operations	183.32	144.15	54.77	97.27	90.36
Minority Interest in Earnings	-	-0.92	-1.04	-5.08	-4.03
Net Income	183.32	143.24	53.74	92.19	86.33
Net Income to Common	183.32	143.24	53.74	92.19	86.33
Net Income Growth	27.98%	166.55%	-41.71%	6.79%	21.47%
Shares Outstanding (Basic)	201	201	206	206	206
Shares Outstanding (Diluted)	201	201	207	207	207
Shares Change (YoY)	-0.34%	-2.45%	-0.16%	-0.06%	2.80%
EPS (Basic)	0.91	0.71	0.26	0.45	0.42
EPS (Diluted)	0.91	0.71	0.26	0.45	0.42
EPS Growth	28.43%	173.25%	-41.62%	6.86%	18.16%
Free Cash Flow	-	164.31	108.78	100.13	20.56
Free Cash Flow Per Share	-	0.82	0.53	0.48	0.10
Dividend Per Share	-	0.300	0.145	0.175	0.165
Dividend Growth	-	106.90%	-17.14%	6.06%	10.00%
Gross Margin	100.00%	53.78%	58.60%	58.31%	57.00%
Operating Margin	30.81%	25.30%	25.93%	24.13%	23.59%
Profit Margin	27.78%	24.84%	11.57%	23.42%	22.45%
Free Cash Flow Margin	-	28.50%	23.42%	25.44%	5.35%
EBITDA	220.83	163.4	135.81	105.96	101.43
EBITDA Margin	33.47%	28.34%	29.23%	26.92%	26.38%
D&A For EBITDA	17.55	17.55	15.36	10.99	10.72
EBIT	203.28	145.85	120.45	94.97	90.71
EBIT Margin	30.81%	25.30%	25.93%	24.13%	23.59%
Effective Tax Rate	9.51%	9.43%	1.83%	11.76%	12.50%
Revenue as Reported	-	576.58	464.54	393.64	384.5
Advertising Expenses	-	1.98	2.18	1.88	3.1

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