SHE:300987 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	299.05	304.73	287.34	239.91	196.93	189.38
Other Revenue	4.02	4.02	0.67	-	-	0.16
Revenue	303.07	308.75	288.01	239.91	196.93	189.54
Revenue Growth (YoY)	-2.06%	7.20%	20.05%	21.82%	3.90%	-2.51%
Cost of Revenue	208.63	213.6	189.81	153.22	115.21	99.46
Gross Profit	94.43	95.15	98.2	86.69	81.72	90.08
Selling, General & Admin	78.15	78.05	77.39	74.38	67.24	69.56
Research & Development	2.09	2.24	1.04	-	-	-
Other Operating Expenses	2.58	2.39	1.67	1.32	1.32	0.11
Operating Expenses	83.48	83.34	83.41	78.44	70.23	71.1
Operating Income	10.95	11.81	14.79	8.25	11.48	18.98
Interest Expense	-7	-7	-3.43	-0.55	-0.46	-0.33
Interest & Investment Income	11.9	11.86	14.82	15.6	17.75	82.75
Earnings From Equity Investments	-0	-	-	0.19	-	-
Other Non Operating Income (Expenses)	0.58	0.12	-0.34	1.86	-1.82	-0.08
EBT Excluding Unusual Items	16.43	16.79	25.84	25.34	26.95	101.32
Gain (Loss) on Sale of Investments	-3.09	-3.09	-2.58	2.47	-1.16	1.11
Gain (Loss) on Sale of Assets	0.06	0.06	0.05	-0.01	-0.04	-0.01
Asset Writedown	-0.73	-0.69	-2.22	-0.01	-	-
Other Unusual Items	7.04	7.04	5.87	2	2.99	5.16
Pretax Income	19.71	20.11	26.97	29.79	28.74	107.58
Income Tax Expense	-0.69	-0.74	2.96	-1.74	0.4	24.81
Earnings From Continuing Operations	20.4	20.85	24.02	31.53	28.34	82.77
Minority Interest in Earnings	-0.22	-0.22	-0.22	-0.2	-0.19	-0.16
Net Income	20.18	20.63	23.8	31.32	28.15	82.61
Net Income to Common	20.18	20.63	23.8	31.32	28.15	82.61
Net Income Growth	-17.31%	-13.33%	-24.02%	11.26%	-65.92%	37.45%
Shares Outstanding (Basic)	193	172	170	174	176	172
Shares Outstanding (Diluted)	193	172	170	174	176	172
Shares Change (YoY)	26.96%	1.12%	-2.31%	-1.10%	2.24%	32.16%
EPS (Basic)	0.10	0.12	0.14	0.18	0.16	0.48
EPS (Diluted)	0.10	0.12	0.14	0.18	0.16	0.48
EPS Growth	-34.87%	-14.29%	-22.22%	12.50%	-66.67%	4.01%
Free Cash Flow	106.39	122.32	40.88	32.23	34.2	11.5
Free Cash Flow Per Share	0.55	0.71	0.24	0.18	0.19	0.07
Dividend Per Share	0.115	0.115	0.125	0.170	0.160	0.154
Dividend Growth	-8.00%	-8.00%	-26.47%	6.25%	4.03%	-
Gross Margin	31.16%	30.82%	34.09%	36.13%	41.50%	47.53%
Operating Margin	3.61%	3.82%	5.14%	3.44%	5.83%	10.02%
Profit Margin	6.66%	6.68%	8.26%	13.06%	14.30%	43.58%
Free Cash Flow Margin	35.10%	39.62%	14.19%	13.44%	17.36%	6.07%
EBITDA	20.08	21.48	26.6	20.62	24.03	28.47
EBITDA Margin	6.63%	6.96%	9.24%	8.60%	12.20%	15.02%
D&A For EBITDA	9.13	9.67	11.81	12.37	12.54	9.48
EBIT	10.95	11.81	14.79	8.25	11.48	18.98
EBIT Margin	3.61%	3.82%	5.14%	3.44%	5.83%	10.02%
Effective Tax Rate	-	-	10.96%	-	1.38%	23.06%
Revenue as Reported	308.75	308.75	288.01	239.91	196.93	189.54
Advertising Expenses	-	1.73	1.53	-	-	-

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