SHE:300610 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	915.68	867.46	902.73	926.38	1,074	1,189
Other Revenue	7.47	7.47	8.56	3.38	3.96	3.15
Revenue	923.15	874.93	911.29	929.76	1,078	1,193
Revenue Growth (YoY)	2.40%	-3.99%	-1.99%	-13.79%	-9.57%	32.47%
Cost of Revenue	725.91	692.38	738.88	782.4	833.94	909.48
Gross Profit	197.24	182.55	172.4	147.36	244.47	283.12
Selling, General & Admin	93.23	90.47	91.38	90.16	100.92	101.68
Research & Development	38.9	40.27	41.69	39.11	42.6	40.9
Other Operating Expenses	8.28	2.19	-16.36	-9.56	-6.97	-10.52
Operating Expenses	140.41	132.64	116.39	119.33	137.14	130.44
Operating Income	56.83	49.91	56.02	28.02	107.33	152.69
Interest Expense	-1.13	-1.49	-2.69	-0.83	-0.04	-0.55
Interest & Investment Income	30.5	35.83	28.75	20.71	21.12	16.88
Currency Exchange Gain (Loss)	0.49	0.49	1.23	1.03	1.47	-0.8
Other Non Operating Income (Expenses)	-0.53	0.31	-0.21	-0.34	-1.51	-0.13
EBT Excluding Unusual Items	86.16	85.05	83.08	48.6	128.37	168.09
Gain (Loss) on Sale of Investments	0.7	1.47	8.75	7.32	-	4.3
Gain (Loss) on Sale of Assets	-0.17	-0.17	0	0.19	-	0.03
Asset Writedown	-3.57	-3.65	-5.56	-0.03	-0.45	-0.13
Other Unusual Items	1.27	1.27	3.07	5.56	0.08	-4.54
Pretax Income	84.38	83.97	89.36	61.63	128	167.76
Income Tax Expense	19.53	17.93	7.34	3.45	11.16	15.36
Earnings From Continuing Operations	64.85	66.04	82.02	58.18	116.84	152.4
Minority Interest in Earnings	-0.03	-0.06	1.87	2.33	2.42	2.39
Net Income	64.82	65.98	83.89	60.51	119.26	154.78
Net Income to Common	64.82	65.98	83.89	60.51	119.26	154.78
Net Income Growth	-27.13%	-21.35%	38.65%	-49.27%	-22.95%	12.73%
Shares Outstanding (Basic)	215	213	215	209	213	212
Shares Outstanding (Diluted)	215	213	215	209	213	212
Shares Change (YoY)	1.22%	-1.05%	3.09%	-2.03%	0.44%	0.37%
EPS (Basic)	0.30	0.31	0.39	0.29	0.56	0.73
EPS (Diluted)	0.30	0.31	0.39	0.29	0.56	0.73
EPS Growth	-28.01%	-20.51%	34.48%	-48.21%	-23.29%	12.31%
Free Cash Flow	36.07	16.65	98.89	18.95	109.37	107.85
Free Cash Flow Per Share	0.17	0.08	0.46	0.09	0.51	0.51
Dividend Per Share	0.150	0.150	0.200	0.180	0.330	0.350
Dividend Growth	-25.00%	-25.00%	11.11%	-45.45%	-5.71%	22.51%
Gross Margin	21.37%	20.86%	18.92%	15.85%	22.67%	23.74%
Operating Margin	6.16%	5.70%	6.15%	3.01%	9.95%	12.80%
Profit Margin	7.02%	7.54%	9.21%	6.51%	11.06%	12.98%
Free Cash Flow Margin	3.91%	1.90%	10.85%	2.04%	10.14%	9.04%
EBITDA	91.55	85.33	94.26	67.15	143.4	187.19
EBITDA Margin	9.92%	9.75%	10.34%	7.22%	13.30%	15.70%
D&A For EBITDA	34.72	35.42	38.24	39.12	36.07	34.5
EBIT	56.83	49.91	56.02	28.02	107.33	152.69
EBIT Margin	6.16%	5.70%	6.15%	3.01%	9.95%	12.80%
Effective Tax Rate	23.14%	21.35%	8.21%	5.60%	8.71%	9.16%
Revenue as Reported	923.15	874.93	911.29	929.76	1,078	1,193
Advertising Expenses	-	0.74	0.82	0.85	0.21	0.12

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.