SHE:300809 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	519.56	541.12	444.55	478.22	334.35	407.31
Other Revenue	2.17	2.17	1.44	0.94	1.96	2.14
Revenue	521.73	543.29	445.99	479.16	336.31	409.46
Revenue Growth (YoY)	16.69%	21.82%	-6.92%	42.48%	-17.86%	77.53%
Cost of Revenue	374.95	382.69	322.22	315.14	224.34	258.11
Gross Profit	146.77	160.61	123.76	164.02	111.98	151.34
Selling, General & Admin	52	50.94	46.9	46.19	40.01	41.94
Research & Development	56.61	56.81	40.77	33.62	32.84	29.23
Other Operating Expenses	-6.6	-3.23	-3	-4.84	0.04	3.82
Operating Expenses	92.98	111.54	111.92	57.01	110.78	95.11
Operating Income	53.79	49.06	11.84	107.01	1.2	56.24
Interest Expense	-0	-0	-0.01	-0.28	-0.34	-1.39
Interest & Investment Income	26.77	24.39	33.2	33.14	43.85	29.8
Currency Exchange Gain (Loss)	-0.09	-0.09	0.87	0.57	-1.36	-0.18
Other Non Operating Income (Expenses)	-2.5	-1.57	-1.21	-1.85	0.01	-0.95
EBT Excluding Unusual Items	77.97	71.78	44.69	138.59	43.36	83.52
Gain (Loss) on Sale of Investments	157.57	165.23	11	-9.14	10.12	-4.09
Gain (Loss) on Sale of Assets	-0.04	-0.05	-0.14	-0.13	-0.09	0
Asset Writedown	-12.64	-0.12	-0.09	-	-0.04	-0.02
Other Unusual Items	-8.47	-8.47	11.62	8.85	2.53	10.99
Pretax Income	214.39	228.39	67.08	138.17	55.88	90.39
Income Tax Expense	23.07	26.26	2.8	15.42	1.11	9.43
Earnings From Continuing Operations	191.33	202.13	64.28	122.75	54.76	80.96
Minority Interest in Earnings	0.03	0.02	-2.3	-5	-7.55	-4.38
Net Income	191.36	202.15	61.98	117.75	47.21	76.58
Net Income to Common	191.36	202.15	61.98	117.75	47.21	76.58
Net Income Growth	227.53%	226.15%	-47.36%	149.41%	-38.35%	128.29%
Shares Outstanding (Basic)	251	253	258	251	157	250
Shares Outstanding (Diluted)	251	253	258	251	157	250
Shares Change (YoY)	-4.18%	-2.15%	3.08%	59.20%	-37.05%	-2.14%
EPS (Basic)	0.76	0.80	0.24	0.47	0.30	0.31
EPS (Diluted)	0.76	0.80	0.24	0.47	0.30	0.31
EPS Growth	241.81%	233.33%	-48.94%	56.67%	-2.06%	133.28%
Free Cash Flow	138.56	129.65	80.16	-128.41	11.11	15.97
Free Cash Flow Per Share	0.55	0.51	0.31	-0.51	0.07	0.06
Dividend Per Share	0.120	0.120	0.120	0.100	0.100	0.125
Dividend Growth	-	-	20.00%	-	-20.00%	-
Gross Margin	28.13%	29.56%	27.75%	34.23%	33.30%	36.96%
Operating Margin	10.31%	9.03%	2.66%	22.33%	0.36%	13.73%
Profit Margin	36.68%	37.21%	13.90%	24.57%	14.04%	18.70%
Free Cash Flow Margin	26.56%	23.86%	17.97%	-26.80%	3.30%	3.90%
EBITDA	92.57	87.88	50.81	134.47	28.67	82.63
EBITDA Margin	17.74%	16.18%	11.39%	28.06%	8.53%	20.18%
D&A For EBITDA	38.78	38.82	38.97	27.45	27.47	26.39
EBIT	53.79	49.06	11.84	107.01	1.2	56.24
EBIT Margin	10.31%	9.03%	2.66%	22.33%	0.36%	13.73%
Effective Tax Rate	10.76%	11.50%	4.17%	11.16%	1.99%	10.44%
Revenue as Reported	521.73	543.29	445.99	479.16	336.31	409.46
Advertising Expenses	-	0.81	0.96	1.25	0.63	0.36

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