SHE:300859 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	319.04	316.09	294.81	296.95	98.8	146.38
Other Revenue	9.86	9.86	8.91	8.31	3.48	3.06
Revenue	328.89	325.95	303.71	305.26	102.28	149.45
Revenue Growth (YoY)	8.33%	7.32%	-0.51%	198.46%	-31.56%	191.96%
Cost of Revenue	172.42	171.6	134.88	122.17	74.47	82.36
Gross Profit	156.47	154.35	168.84	183.09	27.81	67.09
Selling, General & Admin	67.26	67.27	64.87	63.22	33.92	36.46
Other Operating Expenses	2.91	2.8	3.76	2.64	2.26	1.47
Operating Expenses	70.8	70.69	68.11	66.42	36.42	38.35
Operating Income	85.67	83.66	100.73	116.68	-8.6	28.73
Interest Expense	-6.15	-6.15	-2.89	-0.67	-2.25	-3.77
Interest & Investment Income	2.82	2.82	2.28	4.76	4.75	5.33
Earnings From Equity Investments	8.35	8.43	7.31	6.62	-	-
Other Non Operating Income (Expenses)	0.85	-0.14	-0.13	-0.01	-0.12	-2.82
EBT Excluding Unusual Items	91.53	88.61	107.3	127.38	-6.23	27.47
Gain (Loss) on Sale of Investments	-	-	-	-	-0.59	-0.34
Gain (Loss) on Sale of Assets	-0.6	-0.6	0.61	-0.01	0.04	0.05
Asset Writedown	-0.28	-0.28	-	-0.1	-3.07	0
Other Unusual Items	0.38	0.38	0.31	0.56	2.23	1.55
Pretax Income	91.03	88.11	108.23	127.84	-7.61	28.74
Income Tax Expense	17.16	16.95	21.73	20.82	1.91	1.79
Earnings From Continuing Operations	73.87	71.16	86.49	107.02	-9.51	26.95
Minority Interest in Earnings	3.73	3.52	0.02	-1.44	0.21	0
Net Income	77.6	74.68	86.51	105.58	-9.3	26.95
Net Income to Common	77.6	74.68	86.51	105.58	-9.3	26.95
Net Income Growth	12.66%	-13.68%	-18.06%	-	-	-
Shares Outstanding (Basic)	156	156	154	155	155	159
Shares Outstanding (Diluted)	156	156	154	155	155	159
Shares Change (YoY)	-0.09%	0.71%	-0.50%	0.16%	-2.22%	20.95%
EPS (Basic)	0.50	0.48	0.56	0.68	-0.06	0.17
EPS (Diluted)	0.50	0.48	0.56	0.68	-0.06	0.17
EPS Growth	12.76%	-14.29%	-17.65%	-	-	-
Free Cash Flow	14.36	49.87	-116.47	108.81	12.8	48.39
Free Cash Flow Per Share	0.09	0.32	-0.75	0.70	0.08	0.30
Dividend Per Share	0.300	0.300	0.300	0.300	-	0.100
Gross Margin	47.58%	47.35%	55.59%	59.98%	27.19%	44.89%
Operating Margin	26.05%	25.66%	33.17%	38.22%	-8.41%	19.23%
Profit Margin	23.59%	22.91%	28.48%	34.59%	-9.09%	18.03%
Free Cash Flow Margin	4.37%	15.30%	-38.35%	35.65%	12.51%	32.38%
EBITDA	133.5	128.8	135.12	146.94	19.08	53.83
EBITDA Margin	40.59%	39.51%	44.49%	48.14%	18.66%	36.02%
D&A For EBITDA	47.83	45.14	34.39	30.26	27.68	25.1
EBIT	85.67	83.66	100.73	116.68	-8.6	28.73
EBIT Margin	26.05%	25.66%	33.17%	38.22%	-8.41%	19.23%
Effective Tax Rate	18.85%	19.23%	20.08%	16.29%	-	6.22%
Revenue as Reported	-	-	-	305.26	102.28	149.45
Advertising Expenses	-	0.76	0.92	0.26	0.08	0.87

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