SHE:300651 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	432.23	418.35	357.38	489.18	453.56	532.9
Other Revenue	-	-	16.21	24.7	20.87	14.39
Revenue	432.23	418.35	373.59	513.88	474.44	547.29
Revenue Growth (YoY)	21.64%	11.98%	-27.30%	8.31%	-13.31%	21.87%
Cost of Revenue	294.88	286.25	262.07	367.35	310.41	376.8
Gross Profit	137.35	132.09	111.52	146.53	164.02	170.49
Selling, General & Admin	67.16	69.04	71.48	79.71	85.36	95.65
Research & Development	13.38	13.48	16.16	23.5	19.02	18.65
Other Operating Expenses	3.05	4.29	5.45	6.16	5.87	5.52
Operating Expenses	83.59	86.81	98.54	106.39	121.78	130.44
Operating Income	53.76	45.29	12.98	40.14	42.24	40.05
Interest Expense	-	-	-9.46	-4.61	-4.93	-2.65
Interest & Investment Income	22.83	24.58	11.91	36.8	2.99	0.56
Currency Exchange Gain (Loss)	-	-	0.48	0.09	1.68	0.47
Other Non Operating Income (Expenses)	-0.49	-2.86	-0.04	1.2	-0.56	-0.92
EBT Excluding Unusual Items	76.09	67.01	15.87	73.62	41.42	37.5
Gain (Loss) on Sale of Investments	8.38	13.56	10.71	-1.27	1.76	-3.88
Gain (Loss) on Sale of Assets	0.53	0.51	-0	0.42	0.39	0.03
Asset Writedown	-11.56	-11.56	-	0.04	0.01	-0
Other Unusual Items	-	-	3.88	0.22	2.21	3.58
Pretax Income	73.44	69.52	30.46	73.03	45.79	37.23
Income Tax Expense	9.77	8.42	7.54	10.36	6.16	9.63
Earnings From Continuing Operations	63.67	61.1	22.92	62.68	39.62	27.6
Minority Interest in Earnings	-0.57	-0.25	3.84	4.94	-1.15	-1.56
Net Income	63.09	60.85	26.76	67.62	38.47	26.04
Net Income to Common	63.09	60.85	26.76	67.62	38.47	26.04
Net Income Growth	183.75%	127.38%	-60.42%	75.76%	47.76%	-13.45%
Shares Outstanding (Basic)	128	135	127	128	128	130
Shares Outstanding (Diluted)	128	135	127	128	128	130
Shares Change (YoY)	-4.76%	6.11%	-0.12%	-0.52%	-1.50%	1.14%
EPS (Basic)	0.49	0.45	0.21	0.53	0.30	0.20
EPS (Diluted)	0.49	0.45	0.21	0.53	0.30	0.20
EPS Growth	197.92%	114.29%	-60.38%	76.67%	50.00%	-14.42%
Free Cash Flow	112.76	81.42	35.25	136.29	81.01	67.07
Free Cash Flow Per Share	0.88	0.60	0.28	1.07	0.63	0.52
Dividend Per Share	-	-	0.150	0.150	0.120	0.100
Dividend Growth	-	-	-	25.00%	20.00%	-
Gross Margin	31.78%	31.57%	29.85%	28.52%	34.57%	31.15%
Operating Margin	12.44%	10.82%	3.48%	7.81%	8.90%	7.32%
Profit Margin	14.60%	14.55%	7.16%	13.16%	8.11%	4.76%
Free Cash Flow Margin	26.09%	19.46%	9.44%	26.52%	17.08%	12.25%
EBITDA	92.21	82.76	46.5	77.35	79.5	72.32
EBITDA Margin	21.33%	19.78%	12.45%	15.05%	16.76%	13.21%
D&A For EBITDA	38.46	37.47	33.51	37.21	37.26	32.27
EBIT	53.76	45.29	12.98	40.14	42.24	40.05
EBIT Margin	12.44%	10.82%	3.48%	7.81%	8.90%	7.32%
Effective Tax Rate	13.31%	12.12%	24.76%	14.18%	13.46%	25.87%
Revenue as Reported	-	-	373.59	513.88	474.44	547.29
Advertising Expenses	-	-	4.9	7.71	6.22	10.87

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