SHE:300720 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	228.01	226.2	219	193.7	244.77
Other Revenue	-	10.23	6.5	6.53	7.9
Revenue	228.01	236.43	225.5	200.23	252.67
Revenue Growth (YoY)	-3.56%	4.85%	12.62%	-20.76%	15.76%
Cost of Revenue	116.09	117.69	116.35	101.1	116.03
Gross Profit	111.93	118.74	109.15	99.12	136.64
Selling, General & Admin	62.82	54.24	51.45	38.53	36.25
Research & Development	17.49	17.41	20.84	21.46	18.62
Other Operating Expenses	2.22	0.59	1.42	3.09	0.92
Operating Expenses	82.53	73.67	77.66	64.11	56.53
Operating Income	29.4	45.08	31.49	35.01	80.11
Interest Expense	-	-0.31	-0.38	-0.03	-
Interest & Investment Income	1.72	9.04	8.98	6.76	8.9
Currency Exchange Gain (Loss)	-	1.43	-0.02	4.33	-1.71
Other Non Operating Income (Expenses)	3.95	-0.13	-0.21	-0.07	-0.06
EBT Excluding Unusual Items	35.06	55.11	39.87	46	87.23
Gain (Loss) on Sale of Investments	-	-	-	-	-0.54
Gain (Loss) on Sale of Assets	0.02	0.14	1.35	-0	0.56
Asset Writedown	-6.4	-	-	-	-
Other Unusual Items	-	0.12	0.75	0.79	1.61
Pretax Income	28.68	55.37	41.97	46.78	88.85
Income Tax Expense	5.78	7.89	6.38	6.36	12.1
Earnings From Continuing Operations	22.9	47.47	35.59	40.42	76.75
Minority Interest in Earnings	0.21	0.36	0.6	0.51	0.14
Net Income	23.11	47.83	36.19	40.93	76.89
Net Income to Common	23.11	47.83	36.19	40.93	76.89
Net Income Growth	-51.67%	32.17%	-11.60%	-46.76%	5.19%
Shares Outstanding (Basic)	193	195	195	195	194
Shares Outstanding (Diluted)	193	195	195	195	194
Shares Change (YoY)	-1.17%	0.02%	-0.03%	0.26%	0.00%
EPS (Basic)	0.12	0.25	0.19	0.21	0.40
EPS (Diluted)	0.12	0.25	0.19	0.21	0.40
EPS Growth	-51.10%	32.15%	-11.57%	-46.90%	5.19%
Free Cash Flow	27.86	40.02	20.7	36.72	65.85
Free Cash Flow Per Share	0.14	0.20	0.11	0.19	0.34
Dividend Per Share	-	0.230	0.180	0.150	0.200
Dividend Growth	-	27.78%	20.00%	-25.00%	19.98%
Gross Margin	49.09%	50.22%	48.40%	49.51%	54.08%
Operating Margin	12.89%	19.06%	13.96%	17.49%	31.70%
Profit Margin	10.14%	20.23%	16.05%	20.44%	30.43%
Free Cash Flow Margin	12.22%	16.93%	9.18%	18.34%	26.06%
EBITDA	36.37	52.09	38.46	41.79	86.39
EBITDA Margin	15.95%	22.03%	17.05%	20.87%	34.19%
D&A For EBITDA	6.98	7.02	6.97	6.78	6.28
EBIT	29.4	45.08	31.49	35.01	80.11
EBIT Margin	12.89%	19.06%	13.96%	17.49%	31.70%
Effective Tax Rate	20.14%	14.26%	15.19%	13.60%	13.62%
Revenue as Reported	-	236.43	225.5	200.23	252.67
Advertising Expenses	-	7.29	6.25	3.16	3.63

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