SHE:300515 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	Jan '22 Jan 1, 2022
Operating Revenue	678.67	659.02	575.87	464.18	392.94	384.34
Other Revenue	0.83	0.83	0.72	0.36	0.69	0.17
Revenue	679.5	659.86	576.58	464.54	393.64	384.5
Revenue Growth (YoY)	14.52%	14.44%	24.12%	18.01%	2.38%	20.36%
Cost of Revenue	312.23	303.38	266.52	192.34	164.11	165.33
Gross Profit	367.27	356.48	310.06	272.21	229.53	219.17
Selling, General & Admin	117.32	113.2	105.34	102.5	98.52	94.61
Research & Development	68.07	68.03	65.07	52.6	44.65	41.75
Other Operating Expenses	-8.81	-17.51	-8.1	-10.14	-10.33	-9.34
Operating Expenses	178.99	166.44	164.21	151.76	134.55	128.46
Operating Income	188.29	190.04	145.85	120.45	94.97	90.71
Interest Expense	-	-	-	-0	-0	-0.03
Interest & Investment Income	15.25	7.4	8.62	12.92	11.33	9.89
Currency Exchange Gain (Loss)	-0.02	-0.02	0.19	0.13	0.55	-0.1
Other Non Operating Income (Expenses)	-0.48	-0.39	-0.31	-85.15	-0.18	-0.2
EBT Excluding Unusual Items	203.03	197.02	154.35	48.35	106.67	100.27
Gain (Loss) on Sale of Investments	4.19	4.64	0.43	-	-	-
Gain (Loss) on Sale of Assets	-0	0	0.07	-0.14	-0	0.05
Asset Writedown	-0.85	-0.69	-0.89	-0.02	0.03	-0.59
Other Unusual Items	2.69	2.65	5.21	7.6	3.54	3.54
Pretax Income	209.06	203.62	159.16	55.8	110.24	103.27
Income Tax Expense	19.57	19.12	15.01	1.02	12.96	12.91
Earnings From Continuing Operations	189.49	184.5	144.15	54.77	97.27	90.36
Minority Interest in Earnings	-0.8	-0.87	-0.92	-1.04	-5.08	-4.03
Net Income	188.69	183.63	143.24	53.74	92.19	86.33
Net Income to Common	188.69	183.63	143.24	53.74	92.19	86.33
Net Income Growth	24.14%	28.20%	166.55%	-41.71%	6.79%	21.47%
Shares Outstanding (Basic)	201	201	201	206	206	206
Shares Outstanding (Diluted)	201	201	201	207	207	207
Shares Change (YoY)	-0.64%	-0.35%	-2.45%	-0.16%	-0.06%	2.80%
EPS (Basic)	0.94	0.91	0.71	0.26	0.45	0.42
EPS (Diluted)	0.94	0.91	0.71	0.26	0.45	0.42
EPS Growth	24.94%	28.65%	173.25%	-41.62%	6.86%	18.16%
Free Cash Flow	213.16	206.99	164.31	108.78	100.13	20.56
Free Cash Flow Per Share	1.06	1.03	0.82	0.53	0.48	0.10
Dividend Per Share	0.400	0.400	0.300	0.145	0.175	0.165
Dividend Growth	33.33%	33.33%	106.90%	-17.14%	6.06%	10.00%
Gross Margin	54.05%	54.02%	53.78%	58.60%	58.31%	57.00%
Operating Margin	27.71%	28.80%	25.30%	25.93%	24.13%	23.59%
Profit Margin	27.77%	27.83%	24.84%	11.57%	23.42%	22.45%
Free Cash Flow Margin	31.37%	31.37%	28.50%	23.42%	25.44%	5.35%
EBITDA	206.73	208.35	163.63	135.81	105.96	101.43
EBITDA Margin	30.42%	31.57%	28.38%	29.23%	26.92%	26.38%
D&A For EBITDA	18.45	18.31	17.78	15.36	10.99	10.72
EBIT	188.29	190.04	145.85	120.45	94.97	90.71
EBIT Margin	27.71%	28.80%	25.30%	25.93%	24.13%	23.59%
Effective Tax Rate	9.36%	9.39%	9.43%	1.83%	11.76%	12.50%
Revenue as Reported	679.5	659.86	576.58	464.54	393.64	384.5
Advertising Expenses	-	1.92	1.98	2.18	1.88	3.1

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