SHE:300722 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	436.2	435.56	433.29	381.11	334.23	283.63
Other Revenue	11.59	11.59	11.8	7.5	6.52	9.67
Revenue	447.79	447.15	445.08	388.61	340.75	293.31
Revenue Growth (YoY)	6.69%	0.46%	14.53%	14.04%	16.17%	20.44%
Cost of Revenue	247.07	243.63	255.69	206.24	183.04	151.25
Gross Profit	200.72	203.52	189.39	182.37	157.71	142.06
Selling, General & Admin	61.35	61.78	53.41	50.95	47.22	44.2
Research & Development	41.87	42.81	38.81	42.3	33.63	30.87
Other Operating Expenses	1.47	1.72	1.99	2.62	1.02	-0.79
Operating Expenses	109.7	111.31	98.45	99.17	84.92	74.77
Operating Income	91.02	92.21	90.95	83.2	72.79	67.28
Interest Expense	-0.03	-0.03	-0.04	-0.02	-0.03	-
Interest & Investment Income	1.07	1.07	1.82	1.89	1.85	1.44
Earnings From Equity Investments	-1.09	-1.04	-0.08	-0.05	-0.04	-0.08
Currency Exchange Gain (Loss)	0.04	0.04	-	-	-	-
Other Non Operating Income (Expenses)	0.52	0.06	-0.97	-0.54	-0.16	-0.09
EBT Excluding Unusual Items	91.52	92.3	91.67	84.48	74.41	68.54
Impairment of Goodwill	-	-	-1.56	-1.12	-	-
Gain (Loss) on Sale of Assets	-0.06	-0.06	-	0	-0.04	0.05
Asset Writedown	-0.39	-0.37	-0.03	-0.02	-0.08	-0.18
Legal Settlements	-4.05	-4.05	-	-	-	-
Other Unusual Items	2.76	2.76	-1.5	0.77	-0.22	1.25
Pretax Income	89.78	90.59	88.58	84.11	74.07	69.67
Income Tax Expense	7.53	7.98	10.9	9.26	8.16	7.08
Earnings From Continuing Operations	82.25	82.61	77.68	74.86	65.91	62.59
Minority Interest in Earnings	-0.31	-0.13	1.5	0.87	0.48	-0.45
Net Income	81.94	82.48	79.18	75.73	66.39	62.14
Net Income to Common	81.94	82.48	79.18	75.73	66.39	62.14
Net Income Growth	9.04%	4.17%	4.56%	14.07%	6.84%	26.29%
Shares Outstanding (Basic)	275	275	273	280	275	280
Shares Outstanding (Diluted)	275	275	273	280	275	280
Shares Change (YoY)	0.54%	0.70%	-2.65%	2.11%	-1.78%	0.49%
EPS (Basic)	0.30	0.30	0.29	0.27	0.24	0.22
EPS (Diluted)	0.30	0.30	0.29	0.27	0.24	0.22
EPS Growth	8.46%	3.45%	7.41%	11.71%	8.78%	25.68%
Free Cash Flow	59.91	61.44	59	74.44	42.22	46.05
Free Cash Flow Per Share	0.22	0.22	0.22	0.27	0.15	0.17
Dividend Per Share	0.180	0.180	0.180	0.133	0.104	0.107
Dividend Growth	-	-	35.03%	27.93%	-2.89%	-7.26%
Gross Margin	44.82%	45.51%	42.55%	46.93%	46.28%	48.43%
Operating Margin	20.33%	20.62%	20.43%	21.41%	21.36%	22.94%
Profit Margin	18.30%	18.45%	17.79%	19.49%	19.48%	21.19%
Free Cash Flow Margin	13.38%	13.74%	13.26%	19.16%	12.39%	15.70%
EBITDA	111.92	112.43	108.47	101.14	87.08	80.85
EBITDA Margin	25.00%	25.14%	24.37%	26.03%	25.56%	27.57%
D&A For EBITDA	20.91	20.23	17.52	17.94	14.29	13.57
EBIT	91.02	92.21	90.95	83.2	72.79	67.28
EBIT Margin	20.33%	20.62%	20.43%	21.41%	21.36%	22.94%
Effective Tax Rate	8.39%	8.81%	12.30%	11.00%	11.02%	10.16%
Revenue as Reported	447.15	447.15	445.08	388.61	340.75	293.31
Advertising Expenses	-	0.68	0.2	0.26	0.28	-

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