SHE:300946 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	657.2	644.16	565.12	525.96	467.89	441.64
Other Revenue	16.52	16.52	20.11	16.52	14.98	13.76
Revenue	673.72	660.68	585.23	542.49	482.88	455.41
Revenue Growth (YoY)	14.53%	12.89%	7.88%	12.35%	6.03%	19.73%
Cost of Revenue	511.48	501.62	422.37	383.08	346	318.84
Gross Profit	162.24	159.06	162.86	159.4	136.88	136.56
Selling, General & Admin	84.79	76.2	42.9	36.01	31.89	24.43
Research & Development	32.33	29.46	20.37	26.28	15.86	15.8
Other Operating Expenses	1.81	2.12	0.76	2.54	2.41	2.82
Operating Expenses	121.76	111.54	65.87	64.72	52.69	43.68
Operating Income	40.48	47.52	96.99	94.68	84.18	92.89
Interest Expense	-6.17	-5.58	-3.01	-0.73	-0.4	-0.08
Interest & Investment Income	0.97	1.06	0.58	1.4	2.21	8.96
Currency Exchange Gain (Loss)	-0.74	-0.74	0.8	-0.16	1.06	0.43
Other Non Operating Income (Expenses)	-2.35	-0.79	-0.22	-0.14	-0.23	-0.33
EBT Excluding Unusual Items	32.19	41.47	95.14	95.05	86.83	101.87
Gain (Loss) on Sale of Investments	0.22	0.18	0.3	2.78	7.79	2.15
Gain (Loss) on Sale of Assets	-0.22	-0.21	-	-	0.17	-
Asset Writedown	1.75	-0.99	-0.07	-0.15	-0.35	-0.02
Other Unusual Items	1.34	0.69	3.54	1.43	-0.22	20.1
Pretax Income	35.27	41.13	98.91	99.11	94.22	124.08
Income Tax Expense	4.69	4.73	11.69	11.92	-0.92	16.38
Earnings From Continuing Operations	30.58	36.4	87.22	87.19	95.14	107.7
Minority Interest in Earnings	0.61	0.45	0.09	0.1	0.09	-
Net Income	31.19	36.85	87.31	87.29	95.24	107.7
Net Income to Common	31.19	36.85	87.31	87.29	95.24	107.7
Net Income Growth	-60.41%	-57.79%	0.03%	-8.35%	-11.57%	15.76%
Shares Outstanding (Basic)	155	154	156	155	157	149
Shares Outstanding (Diluted)	155	154	156	155	157	149
Shares Change (YoY)	-0.52%	-1.52%	0.30%	-0.81%	5.22%	27.25%
EPS (Basic)	0.20	0.24	0.56	0.56	0.61	0.72
EPS (Diluted)	0.20	0.24	0.56	0.56	0.61	0.72
EPS Growth	-60.20%	-57.14%	-0.27%	-7.60%	-15.96%	-9.03%
Free Cash Flow	9.78	-4.27	-14.25	-118.24	-213.76	-22.11
Free Cash Flow Per Share	0.06	-0.03	-0.09	-0.76	-1.36	-0.15
Dividend Per Share	0.240	0.240	0.150	0.177	0.177	0.179
Dividend Growth	60.00%	60.00%	-15.21%	-	-1.45%	-
Gross Margin	24.08%	24.08%	27.83%	29.38%	28.35%	29.99%
Operating Margin	6.01%	7.19%	16.57%	17.45%	17.43%	20.40%
Profit Margin	4.63%	5.58%	14.92%	16.09%	19.72%	23.65%
Free Cash Flow Margin	1.45%	-0.65%	-2.43%	-21.80%	-44.27%	-4.86%
EBITDA	100.6	104.23	140.08	122.2	106.8	112.66
EBITDA Margin	14.93%	15.78%	23.94%	22.53%	22.12%	24.74%
D&A For EBITDA	60.12	56.71	43.08	27.51	22.62	19.77
EBIT	40.48	47.52	96.99	94.68	84.18	92.89
EBIT Margin	6.01%	7.19%	16.57%	17.45%	17.43%	20.40%
Effective Tax Rate	13.29%	11.51%	11.82%	12.02%	-	13.20%
Revenue as Reported	673.72	660.68	585.23	542.49	482.88	455.41
Advertising Expenses	-	7.27	4.38	2.58	1.03	0.56

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