SHE:300971 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	562.96	513.83	384.16	426.21	411.69	389.31
Other Revenue	-	-	1.25	1.48	2.91	3.19
Revenue	562.96	513.83	385.41	427.7	414.59	392.49
Revenue Growth (YoY)	48.38%	33.32%	-9.89%	3.16%	5.63%	7.78%
Cost of Revenue	317.07	286.96	220.93	254.9	259.71	206.08
Gross Profit	245.9	226.87	164.48	172.8	154.88	186.41
Selling, General & Admin	94.92	90.32	78.56	72.71	66.64	64.47
Research & Development	48.14	47.42	46.1	47.24	46.28	37.57
Other Operating Expenses	-4	-4.8	-4.5	-7.8	-16.2	-0.91
Operating Expenses	139.07	132.94	125.26	114.84	101.23	104.21
Operating Income	106.83	93.93	39.22	57.95	53.66	82.2
Interest Expense	-0.02	-	-1.19	-0.68	-1.54	-1.22
Interest & Investment Income	-	-	2.49	6.41	3.48	1.55
Currency Exchange Gain (Loss)	-	-	0.26	0.2	-0.05	0.26
Other Non Operating Income (Expenses)	6.75	6.05	-0.14	-0.16	-0.49	-0.15
EBT Excluding Unusual Items	113.56	99.98	40.65	63.72	55.06	82.63
Gain (Loss) on Sale of Investments	-2.15	-0.21	1.22	1.34	2.26	1.49
Gain (Loss) on Sale of Assets	-0.08	-0.1	0.08	0.36	0.06	0.12
Asset Writedown	-2.5	-2.5	-	-	-	-
Other Unusual Items	-	-	4.16	5.24	11.18	11.05
Pretax Income	108.83	97.17	46.1	70.65	68.55	95.29
Income Tax Expense	13.9	11.97	5.17	5.01	3.94	10.39
Earnings From Continuing Operations	94.93	85.2	40.93	65.65	64.6	84.9
Minority Interest in Earnings	-0.96	-1.79	2.86	0.61	-2.71	0.88
Net Income	93.97	83.41	43.79	66.26	61.9	85.77
Net Income to Common	93.97	83.41	43.79	66.26	61.9	85.77
Net Income Growth	197.25%	90.47%	-33.91%	7.05%	-27.84%	2.36%
Shares Outstanding (Basic)	110	100	118	117	117	108
Shares Outstanding (Diluted)	110	100	118	117	117	108
Shares Change (YoY)	-2.66%	-14.77%	0.42%	0.27%	8.24%	22.64%
EPS (Basic)	0.85	0.83	0.37	0.56	0.53	0.79
EPS (Diluted)	0.85	0.83	0.37	0.56	0.53	0.79
EPS Growth	205.36%	123.48%	-34.18%	6.75%	-33.33%	-16.54%
Free Cash Flow	116.67	105.05	41.34	-36.55	72.05	56.05
Free Cash Flow Per Share	1.06	1.04	0.35	-0.31	0.61	0.52
Dividend Per Share	-	-	0.179	0.179	0.179	0.286
Dividend Growth	-	-	-	-	-37.49%	-
Gross Margin	43.68%	44.15%	42.68%	40.40%	37.36%	47.49%
Operating Margin	18.98%	18.28%	10.18%	13.55%	12.94%	20.94%
Profit Margin	16.69%	16.23%	11.36%	15.49%	14.93%	21.85%
Free Cash Flow Margin	20.72%	20.45%	10.73%	-8.55%	17.38%	14.28%
EBITDA	144.16	129.97	70.14	82.74	75.62	103.55
EBITDA Margin	25.61%	25.30%	18.20%	19.35%	18.24%	26.38%
D&A For EBITDA	37.32	36.04	30.91	24.79	21.97	21.35
EBIT	106.83	93.93	39.22	57.95	53.66	82.2
EBIT Margin	18.98%	18.28%	10.18%	13.55%	12.94%	20.94%
Effective Tax Rate	12.77%	12.32%	11.21%	7.09%	5.75%	10.91%
Revenue as Reported	-	-	385.41	427.7	414.59	392.49
Advertising Expenses	-	-	0.78	1.63	2	1.1

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