SHE:301059 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	469.69	446.87	384.28	293.91	278.86	202.42
Other Revenue	1.28	1.28	1.27	0.49	0.63	0.55
Revenue	470.97	448.15	385.55	294.4	279.49	202.97
Revenue Growth (YoY)	13.86%	16.24%	30.96%	5.33%	37.70%	3.67%
Cost of Revenue	285.22	272.77	253.19	197.9	172.38	115.81
Gross Profit	185.76	175.38	132.35	96.51	107.11	87.16
Selling, General & Admin	63.93	62.44	49.99	39.77	28.44	23.37
Research & Development	15.7	17.66	17.82	17.1	11.63	10.08
Other Operating Expenses	4.6	4.47	4.77	1.73	1.29	-0.76
Operating Expenses	85.88	86.14	73.08	58.56	42.51	32.83
Operating Income	99.88	89.24	59.27	37.95	64.6	54.33
Interest Expense	-2.83	-2.3	-1.24	-1.05	-0.05	-0.19
Interest & Investment Income	1.7	2.01	1.94	1.31	1.94	2.31
Currency Exchange Gain (Loss)	-1.82	-1.82	0.45	0.01	3.48	-0.19
Other Non Operating Income (Expenses)	-2.05	-0.45	-0.12	-0.09	-0.05	1.93
EBT Excluding Unusual Items	94.89	86.69	60.3	38.12	69.92	58.19
Gain (Loss) on Sale of Investments	0.05	0.05	-	-	-	-
Gain (Loss) on Sale of Assets	-0	-0	0.06	-	-	-
Asset Writedown	-0.6	-0.59	-0.59	-0.14	-0.09	-0.01
Other Unusual Items	1.48	1.53	0.82	1.44	5.99	-
Pretax Income	95.82	87.68	60.59	39.42	75.82	58.18
Income Tax Expense	12.17	11.29	7.21	4.43	9.79	7.59
Net Income	83.65	76.39	53.38	34.99	66.03	50.59
Net Income to Common	83.65	76.39	53.38	34.99	66.03	50.59
Net Income Growth	53.02%	43.11%	52.54%	-47.01%	30.51%	-18.54%
Shares Outstanding (Basic)	233	231	232	233	228	189
Shares Outstanding (Diluted)	233	231	232	233	228	189
Shares Change (YoY)	2.13%	-0.26%	-0.52%	2.46%	20.79%	8.63%
EPS (Basic)	0.36	0.33	0.23	0.15	0.29	0.27
EPS (Diluted)	0.36	0.33	0.23	0.15	0.29	0.27
EPS Growth	49.84%	43.48%	53.33%	-48.28%	8.05%	-25.01%
Free Cash Flow	47.75	55.97	69.82	28.28	-74.37	-147.36
Free Cash Flow Per Share	0.20	0.24	0.30	0.12	-0.33	-0.78
Dividend Per Share	0.200	0.200	0.170	0.100	0.158	0.132
Dividend Growth	17.65%	17.65%	70.00%	-36.67%	19.98%	-
Gross Margin	39.44%	39.13%	34.33%	32.78%	38.32%	42.94%
Operating Margin	21.21%	19.91%	15.37%	12.89%	23.11%	26.77%
Profit Margin	17.76%	17.04%	13.84%	11.89%	23.63%	24.93%
Free Cash Flow Margin	10.14%	12.49%	18.11%	9.61%	-26.61%	-72.60%
EBITDA	-	128.64	98.2	73.13	74.49	63.58
EBITDA Margin	-	28.71%	25.47%	24.84%	26.65%	31.33%
D&A For EBITDA	-	39.4	38.93	35.18	9.89	9.25
EBIT	99.88	89.24	59.27	37.95	64.6	54.33
EBIT Margin	21.21%	19.91%	15.37%	12.89%	23.11%	26.77%
Effective Tax Rate	12.70%	12.88%	11.90%	11.24%	12.92%	13.04%
Revenue as Reported	470.97	448.15	385.55	294.4	279.49	-
Advertising Expenses	-	0.69	0.25	0	0.07	0.02

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