SHE:300828 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	Dec '21 Dec 31, 2021
Operating Revenue	507.22	492.21	480.85	593.66	673.76	511.82
Other Revenue	102.09	102.09	141.18	71.05	91.95	62.69
Revenue	609.3	594.3	622.02	664.71	765.71	574.5
Revenue Growth (YoY)	-1.86%	-4.46%	-6.42%	-13.19%	33.28%	55.91%
Cost of Revenue	518.29	498.88	507.98	520.22	599.23	432.4
Gross Profit	91.01	95.42	114.05	144.49	166.49	142.11
Selling, General & Admin	34.75	34.4	33.26	32.25	29.29	26.54
Research & Development	27.53	26.24	24.67	29.42	29.48	27.48
Other Operating Expenses	1.58	1.46	1.24	3.83	4.21	3.64
Operating Expenses	62.17	60.41	58.23	67.62	65.13	61.34
Operating Income	28.84	35.01	55.81	76.87	101.35	80.76
Interest Expense	-1.3	-1.3	-0.61	-1.98	-1.13	-0.01
Interest & Investment Income	2.73	2.84	3.51	4.71	3.6	4.2
Currency Exchange Gain (Loss)	-2.08	-2.08	1.16	0.16	3.93	-1.32
Other Non Operating Income (Expenses)	-1.7	-0.16	-0.41	-0.64	-0.61	-0.66
EBT Excluding Unusual Items	26.5	34.31	59.46	79.12	107.13	82.98
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.17
Gain (Loss) on Sale of Assets	0.02	0.03	-0.01	0	0.03	0.01
Asset Writedown	-0.91	-	-	-	-	-
Other Unusual Items	0.77	0.77	0.96	4.3	2.43	2.07
Pretax Income	26.37	35.11	60.41	83.43	109.59	85.22
Income Tax Expense	-1.06	2.51	5.11	8.06	12.35	9.52
Net Income	27.44	32.6	55.3	75.36	97.23	75.7
Net Income to Common	27.44	32.6	55.3	75.36	97.23	75.7
Net Income Growth	-48.94%	-41.06%	-26.62%	-22.49%	28.44%	15.14%
Shares Outstanding (Basic)	162	163	168	167	165	165
Shares Outstanding (Diluted)	162	163	168	167	168	165
Shares Change (YoY)	-3.62%	-2.74%	0.07%	-0.10%	1.87%	8.46%
EPS (Basic)	0.17	0.20	0.33	0.45	0.59	0.46
EPS (Diluted)	0.17	0.20	0.33	0.45	0.58	0.46
EPS Growth	-47.02%	-39.39%	-26.67%	-22.41%	26.09%	6.16%
Free Cash Flow	14.64	30.31	15.72	73.27	28.38	-14.08
Free Cash Flow Per Share	0.09	0.19	0.09	0.44	0.17	-0.09
Dividend Per Share	0.060	0.060	0.300	0.550	0.400	0.267
Dividend Growth	-80.00%	-80.00%	-45.45%	37.50%	49.98%	33.35%
Gross Margin	14.94%	16.05%	18.34%	21.74%	21.74%	24.73%
Operating Margin	4.73%	5.89%	8.97%	11.56%	13.24%	14.06%
Profit Margin	4.50%	5.49%	8.89%	11.34%	12.70%	13.18%
Free Cash Flow Margin	2.40%	5.10%	2.53%	11.02%	3.71%	-2.45%
EBITDA	58.98	65.53	87.87	109.88	132.82	111.13
EBITDA Margin	9.68%	11.03%	14.13%	16.53%	17.35%	19.34%
D&A For EBITDA	30.14	30.52	32.05	33.01	31.47	30.36
EBIT	28.84	35.01	55.81	76.87	101.35	80.76
EBIT Margin	4.73%	5.89%	8.97%	11.56%	13.24%	14.06%
Effective Tax Rate	-	7.16%	8.45%	9.66%	11.27%	11.17%
Revenue as Reported	594.3	594.3	622.02	664.71	765.71	574.5
Advertising Expenses	-	0.16	0.06	0.09	0.1	0.09

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