SHE:301043 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	557.18	585.47	556.11	456.1	531.54
Other Revenue	-	16.12	14.03	17.27	19.92
Revenue	557.18	601.59	570.14	473.38	551.45
Revenue Growth (YoY)	-7.38%	5.52%	20.44%	-14.16%	33.74%
Cost of Revenue	367.43	379.23	363.32	320.64	379.77
Gross Profit	189.74	222.35	206.82	152.74	171.69
Selling, General & Admin	98.12	93.47	92.24	96.08	98.7
Research & Development	18.4	18.59	17.74	15.26	17.05
Other Operating Expenses	1.63	5.96	6.58	3.9	3.7
Operating Expenses	118.15	119.95	116.93	116.66	120.17
Operating Income	71.59	102.4	89.89	36.08	51.52
Interest Expense	-	-6.57	-4.74	-2.18	-1.44
Interest & Investment Income	17.69	22.52	13.54	7.81	6.57
Currency Exchange Gain (Loss)	-	0.58	0.17	-0.18	-0.11
Other Non Operating Income (Expenses)	-5.53	-0.19	-1.13	-1.92	-0.19
EBT Excluding Unusual Items	83.74	118.75	97.73	39.61	56.35
Gain (Loss) on Sale of Investments	-2.61	-1.91	6.87	-0.79	-
Gain (Loss) on Sale of Assets	0.08	0.13	2.1	-0.04	0.14
Asset Writedown	-3.1	0.09	-0.11	-0.04	-0.14
Other Unusual Items	-	3.85	3.4	6.59	2.85
Pretax Income	78.11	120.9	109.98	45.33	59.19
Income Tax Expense	9.56	15.9	13.77	3.64	6.39
Net Income	68.55	105	96.21	41.7	52.8
Net Income to Common	68.55	105	96.21	41.7	52.8
Net Income Growth	-34.71%	9.13%	130.73%	-21.03%	-25.08%
Shares Outstanding (Basic)	68	68	68	68	57
Shares Outstanding (Diluted)	68	68	68	68	57
Shares Change (YoY)	-0.45%	-0.08%	-0.18%	20.39%	11.17%
EPS (Basic)	1.01	1.54	1.41	0.61	0.93
EPS (Diluted)	1.01	1.54	1.41	0.61	0.93
EPS Growth	-34.42%	9.22%	131.15%	-34.41%	-32.61%
Free Cash Flow	80.46	27.52	95.96	-94.7	-47.48
Free Cash Flow Per Share	1.19	0.40	1.41	-1.39	-0.84
Dividend Per Share	-	0.880	0.880	0.610	0.080
Dividend Growth	-	-	44.26%	662.50%	-
Gross Margin	34.05%	36.96%	36.27%	32.27%	31.13%
Operating Margin	12.85%	17.02%	15.77%	7.62%	9.34%
Profit Margin	12.30%	17.45%	16.88%	8.81%	9.58%
Free Cash Flow Margin	14.44%	4.58%	16.83%	-20.00%	-8.61%
EBITDA	95.44	123.97	112.11	57.27	72.27
EBITDA Margin	17.13%	20.61%	19.66%	12.10%	13.11%
D&A For EBITDA	23.86	21.56	22.23	21.18	20.76
EBIT	71.59	102.4	89.89	36.08	51.52
EBIT Margin	12.85%	17.02%	15.77%	7.62%	9.34%
Effective Tax Rate	12.24%	13.15%	12.52%	8.02%	10.79%
Revenue as Reported	-	601.59	570.14	473.38	551.45
Advertising Expenses	-	25.93	22.41	31.17	31.86

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