SHE:300590 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	1,012	855.98	949.46	956.59	1,002	916.03
Other Revenue	35.12	35.12	17.42	59.17	-	4.71
Revenue	1,047	891.1	966.88	1,016	1,002	920.74
Revenue Growth (YoY)	14.85%	-7.84%	-4.81%	1.35%	8.85%	94.79%
Cost of Revenue	657.97	561.93	578.99	634.07	659.35	590.26
Gross Profit	388.79	329.17	387.89	381.69	342.87	330.48
Selling, General & Admin	127.31	130.2	125.88	117.71	104.35	76.42
Research & Development	146.84	143.63	125.33	121.45	113.37	96.39
Other Operating Expenses	5.8	6.46	6.32	4.95	2.3	0.49
Operating Expenses	282.29	280.66	258	243.35	222.12	174.39
Operating Income	106.49	48.51	129.89	138.35	120.75	156.09
Interest Expense	-0.31	-0.27	-0.2	-0.3	-0.42	-0.23
Interest & Investment Income	15.24	16.12	9.87	8.04	7	11.84
Currency Exchange Gain (Loss)	-2.36	-2.36	13.33	6.27	33.71	-7.54
Other Non Operating Income (Expenses)	-8.59	-0.59	-0.91	-1.28	-0.61	-0.52
EBT Excluding Unusual Items	110.47	61.41	151.98	151.07	160.43	159.64
Gain (Loss) on Sale of Investments	6.85	8.46	6.19	-8.53	6.21	3.43
Gain (Loss) on Sale of Assets	0.01	0.01	0.1	0.22	-	0.03
Asset Writedown	-2.38	0	-0	0	-0.01	0.02
Other Unusual Items	9.45	6.81	10.33	11.64	10.62	4.17
Pretax Income	124.41	76.7	168.6	154.44	177.25	167.33
Income Tax Expense	8.13	2.39	9.99	7.69	11.62	11.78
Earnings From Continuing Operations	116.28	74.31	158.61	146.75	165.63	155.55
Minority Interest in Earnings	0.42	0.25	-	-	-	-
Net Income	116.7	74.56	158.61	146.75	165.63	155.55
Net Income to Common	116.7	74.56	158.61	146.75	165.63	155.55
Net Income Growth	-12.23%	-52.99%	8.08%	-11.40%	6.48%	71.94%
Shares Outstanding (Basic)	462	466	453	459	460	444
Shares Outstanding (Diluted)	462	466	453	459	460	444
Shares Change (YoY)	0.20%	2.83%	-1.18%	-0.33%	3.52%	1.54%
EPS (Basic)	0.25	0.16	0.35	0.32	0.36	0.35
EPS (Diluted)	0.25	0.16	0.35	0.32	0.36	0.35
EPS Growth	-12.41%	-54.29%	9.38%	-11.11%	2.86%	69.33%
Free Cash Flow	-12.44	45.79	282.17	298.08	-134.27	-62.17
Free Cash Flow Per Share	-0.03	0.10	0.62	0.65	-0.29	-0.14
Dividend Per Share	0.120	0.120	0.220	0.150	0.120	0.100
Dividend Growth	-45.45%	-45.45%	46.67%	25.00%	20.00%	79.86%
Gross Margin	37.14%	36.94%	40.12%	37.58%	34.21%	35.89%
Operating Margin	10.17%	5.44%	13.43%	13.62%	12.05%	16.95%
Profit Margin	11.15%	8.37%	16.40%	14.45%	16.53%	16.89%
Free Cash Flow Margin	-1.19%	5.14%	29.18%	29.35%	-13.40%	-6.75%
EBITDA	119.05	61.23	143.28	153.69	136.17	167.78
EBITDA Margin	11.37%	6.87%	14.82%	15.13%	13.59%	18.22%
D&A For EBITDA	12.56	12.73	13.39	15.35	15.42	11.69
EBIT	106.49	48.51	129.89	138.35	120.75	156.09
EBIT Margin	10.17%	5.44%	13.43%	13.62%	12.05%	16.95%
Effective Tax Rate	6.53%	3.11%	5.92%	4.98%	6.56%	7.04%
Revenue as Reported	1,047	891.1	966.88	1,016	1,002	920.74
Advertising Expenses	-	5.55	6.22	4.39	3.39	1.9

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