SHE:300771 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	544.69	525.01	398.66	394.06	840.5	1,203
Other Revenue	74.82	74.82	52.33	15.88	32.11	54.62
Revenue	619.51	599.82	450.98	409.94	872.61	1,258
Revenue Growth (YoY)	31.20%	33.00%	10.01%	-53.02%	-30.63%	22.34%
Cost of Revenue	439.1	421.6	333.06	317.76	599.01	850.45
Gross Profit	180.41	178.23	117.92	92.18	273.6	407.44
Selling, General & Admin	74.87	74.93	74.78	68.69	106.53	127.32
Research & Development	52.49	54.5	62.32	62.79	66.63	93.92
Other Operating Expenses	-4.05	-2.67	1.76	-0.73	4.73	0.31
Operating Expenses	124.52	127.98	141.82	129.66	175.67	223.19
Operating Income	55.89	50.25	-23.9	-37.48	97.93	184.26
Interest Expense	-2.63	-2.63	-2.96	-2.64	-3.88	-5.54
Interest & Investment Income	41.19	36.16	46.56	40.36	33.19	16.94
Currency Exchange Gain (Loss)	-4.29	-4.29	4.51	9.46	61.57	-11.55
Other Non Operating Income (Expenses)	-9.44	-0.98	-0.91	-0.41	-0.42	-0.44
EBT Excluding Unusual Items	80.74	78.53	23.31	9.29	188.39	183.67
Gain (Loss) on Sale of Investments	19.14	14.54	16.61	17.76	-0.41	5.04
Gain (Loss) on Sale of Assets	0.24	0.22	0.25	0.01	-0	0.04
Asset Writedown	2.79	-0.52	-0.01	-0.04	-0.12	-0.01
Other Unusual Items	3.31	3.31	6.39	4.17	6.98	2.27
Pretax Income	106.21	96.08	46.54	31.2	194.84	191.01
Income Tax Expense	15.04	13.99	8.13	8.01	24.68	22.9
Earnings From Continuing Operations	91.17	82.09	38.41	23.19	170.16	168.11
Minority Interest in Earnings	0.54	0.66	1.07	1.35	2.13	1.03
Net Income	91.71	82.75	39.48	24.54	172.29	169.14
Net Income to Common	91.71	82.75	39.48	24.54	172.29	169.14
Net Income Growth	144.78%	109.59%	60.86%	-85.76%	1.86%	-29.36%
Shares Outstanding (Basic)	236	236	232	245	239	242
Shares Outstanding (Diluted)	236	236	232	245	239	242
Shares Change (YoY)	1.01%	1.80%	-5.38%	2.56%	-0.97%	0.91%
EPS (Basic)	0.39	0.35	0.17	0.10	0.72	0.70
EPS (Diluted)	0.39	0.35	0.17	0.10	0.72	0.70
EPS Growth	142.34%	105.88%	70.00%	-86.11%	2.86%	-30.00%
Free Cash Flow	72.22	94.31	-7.08	92.88	255.79	-39.62
Free Cash Flow Per Share	0.31	0.40	-0.03	0.38	1.07	-0.16
Dividend Per Share	0.200	0.200	0.150	0.100	0.300	0.200
Dividend Growth	33.33%	33.33%	50.00%	-66.67%	50.00%	-25.01%
Gross Margin	29.12%	29.71%	26.15%	22.49%	31.35%	32.39%
Operating Margin	9.02%	8.38%	-5.30%	-9.14%	11.22%	14.65%
Profit Margin	14.80%	13.79%	8.75%	5.99%	19.74%	13.45%
Free Cash Flow Margin	11.66%	15.72%	-1.57%	22.66%	29.31%	-3.15%
EBITDA	80.86	76.03	5.15	-8.4	126.31	203.24
EBITDA Margin	13.05%	12.68%	1.14%	-2.05%	14.47%	16.16%
D&A For EBITDA	24.97	25.78	29.04	29.08	28.39	18.99
EBIT	55.89	50.25	-23.9	-37.48	97.93	184.26
EBIT Margin	9.02%	8.38%	-5.30%	-9.14%	11.22%	14.65%
Effective Tax Rate	14.16%	14.56%	17.47%	25.67%	12.67%	11.99%
Revenue as Reported	599.82	599.82	450.98	409.94	872.61	1,258
Advertising Expenses	-	0.81	1.85	1.26	0.96	1.4

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