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	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	Jan '22 Jan 1, 2022
Operating Revenue	732.54	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	733.37	659.86	576.58	464.54	393.64	384.5
Revenue Growth	9.82%	14.44%	24.12%	18.01%	2.38%	20.36%
Cost of Revenue	339.74	303.38	266.52	192.34	164.11	165.33
Gross Profit	393.63	356.48	310.06	272.21	229.53	219.17
Selling, General & Admin	116.41	113.2	105.34	102.5	98.52	94.61
Research & Development	67.26	68.03	65.07	52.6	44.65	41.75
Other Operating Expenses	-23.34	-17.51	-8.1	-10.14	-10.33	-9.34
Operating Expenses	163.55	166.44	164.21	151.76	134.55	128.46
Operating Income	230.08	190.04	145.85	120.45	94.97	90.71
Interest Expense	-	-	-	-0	-0	-0.03
Interest & Investment Income	17.91	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)	-0.73	-0.39	-0.31	-85.15	-0.18	-0.2
EBT Excluding Unusual Items	247.23	197.02	154.35	48.35	106.67	100.27
Gain (Loss) on Sale of Investments	-1.24	4.64	0.43	-	-	-
Gain (Loss) on Sale of Assets	0.01	0	0.07	-0.14	-0	0.05
Asset Writedown	-0.97	-0.69	-0.89	-0.02	0.03	-0.59
Other Unusual Items	3	2.65	5.21	7.6	3.54	3.54
Pretax Income	248.04	203.62	159.16	55.8	110.24	103.27
Income Tax Expense	26.88	19.12	15.01	1.02	12.96	12.91
Earnings From Continuing Operations	221.16	184.5	144.15	54.77	97.27	90.36
Minority Interest in Earnings	-0.32	-0.87	-0.92	-1.04	-5.08	-4.03
Net Income	220.84	183.63	143.24	53.74	92.19	86.33
Net Income to Common	220.84	183.63	143.24	53.74	92.19	86.33
Net Income Growth	22.47%	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	-0.01%	-0.35%	-2.45%	-0.16%	-0.06%	2.80%
EPS (Basic)	1.10	0.91	0.71	0.26	0.45	0.42
EPS (Diluted)	1.10	0.91	0.71	0.26	0.45	0.42
EPS Growth	22.48%	28.65%	173.25%	-41.62%	6.86%	18.16%

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	Jan '22 Jan 1, 2022
Free Cash Flow	194.16	206.99	164.31	108.78	100.13	20.56
Free Cash Flow Per Share	0.97	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	53.67%	54.02%	53.78%	58.60%	58.31%	57.00%
Operating Margin	31.37%	28.80%	25.30%	25.93%	24.13%	23.59%
Profit Margin	30.11%	27.83%	24.84%	11.57%	23.42%	22.45%
Free Cash Flow Margin	26.47%	31.37%	28.50%	23.42%	25.44%	5.35%
EBITDA	248.8	208.35	163.63	135.81	105.96	101.43
EBITDA Margin	33.92%	31.57%	28.38%	29.23%	26.92%	26.38%
D&A For EBITDA	18.72	18.31	17.78	15.36	10.99	10.72
EBIT	230.08	190.04	145.85	120.45	94.97	90.71
EBIT Margin	31.37%	28.80%	25.30%	25.93%	24.13%	23.59%
Effective Tax Rate	10.84%	9.39%	9.43%	1.83%	11.76%	12.50%
Revenue as Reported	733.37	659.86	576.58	464.54	393.64	384.5
Advertising Expenses	-	1.92	1.98	2.18	1.88	3.1