SHE:301033 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	373.49	368.83	272.26	227.54	195.02	153.79
Other Revenue	-	-	6.18	3.33	0.24	-
Revenue	373.49	368.83	278.44	230.87	195.25	153.79
Revenue Growth (YoY)	26.63%	32.46%	20.61%	18.24%	26.96%	24.51%
Cost of Revenue	75.21	72.92	57.63	41.58	31.26	27.29
Gross Profit	298.28	295.91	220.81	189.29	163.99	126.5
Selling, General & Admin	143.4	139.42	114.04	116.17	105.57	73
Research & Development	37.92	36.96	27.09	26.78	30.61	25.88
Other Operating Expenses	-7.02	-7.41	0.62	2.1	2.04	0.66
Operating Expenses	174.31	168.97	141.84	145.09	138.25	99.49
Operating Income	123.97	126.94	78.97	44.2	25.74	27.01
Interest Expense	-	-	-0.9	-2.21	-1.78	-0.49
Interest & Investment Income	2.63	2.94	5.48	5.45	9.78	6.49
Currency Exchange Gain (Loss)	-	-	0.44	-0.01	1.04	-0.47
Other Non Operating Income (Expenses)	-2.85	-1.21	-0.26	-0.2	-0.13	-0.14
EBT Excluding Unusual Items	123.76	128.66	83.72	47.24	34.65	32.4
Gain (Loss) on Sale of Investments	1.01	0.19	0.15	0.13	-0.81	0.98
Gain (Loss) on Sale of Assets	0.01	0.01	0	-	0.17	0.01
Asset Writedown	-3.16	-2.68	-0.48	-0.22	-1.29	-0.07
Other Unusual Items	-	-	9.77	0.87	7.25	18.28
Pretax Income	121.62	126.17	93.16	48.02	39.96	51.6
Income Tax Expense	11.94	13.04	14.3	7.14	4.23	6.92
Earnings From Continuing Operations	109.68	113.13	78.85	40.88	35.73	44.68
Minority Interest in Earnings	-	-	-	-	0.16	0.03
Net Income	109.68	113.13	78.85	40.88	35.89	44.71
Net Income to Common	109.68	113.13	78.85	40.88	35.89	44.71
Net Income Growth	24.54%	43.46%	92.90%	13.89%	-19.73%	20.95%
Shares Outstanding (Basic)	67	66	66	66	66	57
Shares Outstanding (Diluted)	67	67	66	66	66	57
Shares Change (YoY)	0.94%	1.87%	-0.33%	-0.80%	17.43%	14.83%
EPS (Basic)	1.65	1.71	1.20	0.62	0.54	0.79
EPS (Diluted)	1.64	1.69	1.20	0.62	0.54	0.79
EPS Growth	23.38%	40.83%	93.55%	14.82%	-31.65%	5.33%
Free Cash Flow	86.63	116.05	83.22	67.6	-87.65	-86.2
Free Cash Flow Per Share	1.30	1.73	1.27	1.02	-1.32	-1.52
Dividend Per Share	-	-	0.600	0.400	0.200	0.100
Dividend Growth	-	-	50.00%	100.00%	100.00%	-
Gross Margin	79.86%	80.23%	79.30%	81.99%	83.99%	82.25%
Operating Margin	33.19%	34.42%	28.36%	19.15%	13.18%	17.56%
Profit Margin	29.37%	30.67%	28.32%	17.71%	18.38%	29.08%
Free Cash Flow Margin	23.20%	31.46%	29.89%	29.28%	-44.89%	-56.05%
EBITDA	151	153.62	104.28	68.11	38.99	33.18
EBITDA Margin	40.43%	41.65%	37.45%	29.50%	19.97%	21.57%
D&A For EBITDA	27.03	26.69	25.31	23.91	13.25	6.17
EBIT	123.97	126.94	78.97	44.2	25.74	27.01
EBIT Margin	33.19%	34.42%	28.36%	19.15%	13.18%	17.56%
Effective Tax Rate	9.82%	10.34%	15.35%	14.88%	10.58%	13.41%
Revenue as Reported	-	-	278.44	230.87	195.25	153.79
Advertising Expenses	-	-	19.07	32.56	43.12	23.01

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