SHE:300620 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,557	1,396	964.4	685.02	623.24	651.87
Other Revenue	77.93	77.93	34.47	24.88	19.2	15.93
Revenue	1,635	1,474	998.87	709.9	642.44	667.8
Revenue Growth (YoY)	48.13%	47.56%	40.71%	10.50%	-3.80%	35.84%
Cost of Revenue	1,061	984.86	677.5	469.42	408.33	389.99
Gross Profit	573.98	489.11	321.37	240.48	234.11	277.81
Selling, General & Admin	168.02	156.11	136.11	98.35	92.04	95.68
Research & Development	174.65	163.04	141.49	123.91	99.93	77.34
Other Operating Expenses	6.29	8.05	5.99	2.8	3.36	2.88
Operating Expenses	359.65	339.88	292.56	228.84	196.01	179.02
Operating Income	214.34	149.23	28.81	11.64	38.1	98.78
Interest Expense	-21.25	-19.83	-8.2	-1.16	-1.23	-1.27
Interest & Investment Income	30.41	29.02	20.22	14.73	17.57	20.17
Currency Exchange Gain (Loss)	-12.19	-12.19	-1.99	1.13	15.32	2.15
Other Non Operating Income (Expenses)	-15.23	-1.4	-1.05	0.16	-0.78	-0.62
EBT Excluding Unusual Items	196.07	144.82	37.8	26.51	68.99	119.23
Gain (Loss) on Sale of Investments	0.58	0.63	0.09	-	-	-
Gain (Loss) on Sale of Assets	-1.67	-1.39	-0.96	-0.18	-0.28	-0.06
Asset Writedown	-3.51	-0.11	-0.29	-	-0.18	-0.02
Other Unusual Items	43.03	43.03	23.25	23.06	41.5	25.2
Pretax Income	234.5	186.98	59.89	49.39	110.02	144.34
Income Tax Expense	20.87	6.61	-12.6	-10.24	-7.78	13.53
Earnings From Continuing Operations	213.63	180.37	72.49	59.64	117.8	130.81
Minority Interest in Earnings	-3.06	-3.7	-5.51	-	-	-
Net Income	210.56	176.67	66.98	59.64	117.8	130.81
Net Income to Common	210.56	176.67	66.98	59.64	117.8	130.81
Net Income Growth	195.19%	163.76%	12.32%	-49.38%	-9.94%	120.94%
Shares Outstanding (Basic)	249	249	249	245	245	245
Shares Outstanding (Diluted)	253	253	249	245	246	245
Shares Change (YoY)	1.39%	1.54%	1.47%	-0.32%	0.40%	-0.02%
EPS (Basic)	0.85	0.71	0.27	0.24	0.48	0.53
EPS (Diluted)	0.83	0.70	0.27	0.24	0.48	0.53
EPS Growth	191.13%	159.75%	10.70%	-49.22%	-10.30%	120.99%
Free Cash Flow	98.64	118.5	34.98	-126.22	-198.16	-80.45
Free Cash Flow Per Share	0.39	0.47	0.14	-0.52	-0.81	-0.33
Dividend Per Share	0.200	0.200	0.100	-	0.133	0.133
Dividend Growth	100.00%	100.00%	-	-	-	49.94%
Gross Margin	35.10%	33.18%	32.17%	33.88%	36.44%	41.60%
Operating Margin	13.11%	10.12%	2.88%	1.64%	5.93%	14.79%
Profit Margin	12.88%	11.99%	6.71%	8.40%	18.34%	19.59%
Free Cash Flow Margin	6.03%	8.04%	3.50%	-17.78%	-30.84%	-12.05%
EBITDA	301.51	233.37	100.82	69.99	74.81	132.2
EBITDA Margin	18.44%	15.83%	10.09%	9.86%	11.64%	19.80%
D&A For EBITDA	87.17	84.14	72.01	58.35	36.71	33.42
EBIT	214.34	149.23	28.81	11.64	38.1	98.78
EBIT Margin	13.11%	10.12%	2.88%	1.64%	5.93%	14.79%
Effective Tax Rate	8.90%	3.54%	-	-	-	9.38%
Revenue as Reported	1,635	1,474	998.87	709.9	642.44	667.8
Advertising Expenses	-	4.44	2.74	1.82	1.35	1.33

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