SHE:300965 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	182.96	199.19	178.83	-82.92	182.95	190.91
Other Revenue	1.33	1.33	1.2	1.15	0.83	0.04
Revenue	184.29	200.51	180.02	-81.77	183.78	190.96
Revenue Growth (YoY)	-1.71%	11.38%	-	-	-3.76%	-10.65%
Cost of Revenue	107.91	121	103.98	76.59	83.95	79.41
Gross Profit	76.37	79.51	76.04	-158.36	99.83	111.55
Selling, General & Admin	33.65	33.6	31.5	32.43	34.77	29.71
Research & Development	28.23	28.35	23.27	30	18.38	20.95
Other Operating Expenses	2.66	2.85	2.34	-1.91	2.35	1.52
Operating Expenses	63.21	63.48	70	25.19	83.79	55.94
Operating Income	13.16	16.04	6.05	-183.55	16.03	55.61
Interest Expense	-0.01	-0.01	-0.01	-0	-0	-0.01
Interest & Investment Income	9.52	11.41	15.17	21.19	21.1	11.06
Other Non Operating Income (Expenses)	-3.91	-0	-0.01	-0.02	-0.03	0
EBT Excluding Unusual Items	18.77	27.44	21.2	-162.37	37.1	66.66
Gain (Loss) on Sale of Investments	8.22	7.39	4.71	2.55	0.2	-
Gain (Loss) on Sale of Assets	0.05	-0.05	0.07	0.01	-	0.05
Asset Writedown	-0.79	-0	-0	-0	-0.34	-0.01
Other Unusual Items	1.29	1.29	0.79	3.43	0.73	12.9
Pretax Income	27.55	36.07	26.77	-156.38	37.69	79.6
Income Tax Expense	-	0	0.03	11.03	4.58	11.73
Net Income	27.55	36.07	26.74	-167.41	33.12	67.87
Net Income to Common	27.55	36.07	26.74	-167.41	33.12	67.87
Net Income Growth	9.65%	34.87%	-	-	-51.20%	-30.49%
Shares Outstanding (Basic)	60	60	60	60	60	56
Shares Outstanding (Diluted)	60	60	60	60	60	56
Shares Change (YoY)	-0.01%	0.00%	-0.00%	-0.01%	6.68%	25.00%
EPS (Basic)	0.46	0.60	0.45	-2.79	0.55	1.21
EPS (Diluted)	0.46	0.60	0.45	-2.79	0.55	1.21
EPS Growth	9.66%	34.87%	-	-	-54.26%	-44.39%
Free Cash Flow	53.96	57.32	-38.04	-50.03	6.56	41.6
Free Cash Flow Per Share	0.90	0.95	-0.63	-0.83	0.11	0.74
Dividend Per Share	0.690	0.690	0.380	-	0.075	0.205
Dividend Growth	81.58%	81.58%	-	-	-63.41%	-31.67%
Gross Margin	41.44%	39.66%	42.24%	-	54.32%	58.41%
Operating Margin	7.14%	8.00%	3.36%	-	8.72%	29.12%
Profit Margin	14.95%	17.99%	14.85%	-	18.02%	35.54%
Free Cash Flow Margin	29.28%	28.59%	-21.13%	-	3.57%	21.79%
EBITDA	24.1	27.04	17.29	-172.5	26.28	60.28
EBITDA Margin	13.08%	13.48%	9.61%	-	14.30%	31.57%
D&A For EBITDA	10.94	11	11.25	11.05	10.25	4.68
EBIT	13.16	16.04	6.05	-183.55	16.03	55.61
EBIT Margin	7.14%	8.00%	3.36%	-	8.72%	29.12%
Effective Tax Rate	-	0.01%	0.11%	-	12.14%	14.74%
Revenue as Reported	200.51	200.51	180.02	-81.77	183.78	190.96
Advertising Expenses	-	1.73	1.64	0.95	1.32	1.04

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