SHE:300859 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	325.95	294.81	296.95	98.8	146.38
Other Revenue	-	8.91	8.31	3.48	3.06
Revenue	325.95	303.71	305.26	102.28	149.45
Revenue Growth (YoY)	7.32%	-0.51%	198.46%	-31.56%	191.96%
Cost of Revenue	171.6	134.88	122.17	74.47	82.36
Gross Profit	154.35	168.84	183.09	27.81	67.09
Selling, General & Admin	67.27	64.87	63.22	33.92	36.46
Other Operating Expenses	1.49	3.76	2.64	2.26	1.47
Operating Expenses	68.76	68.11	66.42	36.42	38.35
Operating Income	85.59	100.73	116.68	-8.6	28.73
Interest Expense	-	-2.89	-0.67	-2.25	-3.77
Interest & Investment Income	-	2.28	4.76	4.75	5.33
Earnings From Equity Investments	8.43	7.31	6.62	-	-
Other Non Operating Income (Expenses)	-5.63	-0.13	-0.01	-0.12	-2.82
EBT Excluding Unusual Items	88.39	107.3	127.38	-6.23	27.47
Gain (Loss) on Sale of Investments	-	-	-	-0.59	-0.34
Gain (Loss) on Sale of Assets	-	0.61	-0.01	0.04	0.05
Asset Writedown	-0.28	-	-0.1	-3.07	0
Other Unusual Items	-	0.31	0.56	2.23	1.55
Pretax Income	88.11	108.23	127.84	-7.61	28.74
Income Tax Expense	16.95	21.73	20.82	1.91	1.79
Earnings From Continuing Operations	71.16	86.49	107.02	-9.51	26.95
Minority Interest in Earnings	3.52	0.02	-1.44	0.21	0
Net Income	74.68	86.51	105.58	-9.3	26.95
Net Income to Common	74.68	86.51	105.58	-9.3	26.95
Net Income Growth	-13.68%	-18.06%	-	-	-
Shares Outstanding (Basic)	156	154	155	155	159
Shares Outstanding (Diluted)	156	154	155	155	159
Shares Change (YoY)	0.71%	-0.50%	0.16%	-2.22%	20.95%
EPS (Basic)	0.48	0.56	0.68	-0.06	0.17
EPS (Diluted)	0.48	0.56	0.68	-0.06	0.17
EPS Growth	-14.29%	-17.65%	-	-	-
Free Cash Flow	49.87	-116.47	108.81	12.8	48.39
Free Cash Flow Per Share	0.32	-0.75	0.70	0.08	0.30
Dividend Per Share	-	0.300	0.300	-	0.100
Gross Margin	47.35%	55.59%	59.98%	27.19%	44.89%
Operating Margin	26.26%	33.17%	38.22%	-8.41%	19.23%
Profit Margin	22.91%	28.48%	34.59%	-9.09%	18.03%
Free Cash Flow Margin	15.30%	-38.35%	35.65%	12.51%	32.38%
EBITDA	131.19	134.67	146.94	19.08	53.83
EBITDA Margin	40.25%	44.34%	48.14%	18.66%	36.02%
D&A For EBITDA	45.59	33.94	30.26	27.68	25.1
EBIT	85.59	100.73	116.68	-8.6	28.73
EBIT Margin	26.26%	33.17%	38.22%	-8.41%	19.23%
Effective Tax Rate	19.23%	20.08%	16.29%	-	6.22%
Revenue as Reported	-	303.71	305.26	102.28	149.45
Advertising Expenses	-	0.92	0.26	0.08	0.87

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