SHE:301069 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	1,028	1,006	926.08	978.43	982.44	873.81
Other Revenue	19.67	19.67	1.85	8.47	28.05	5.78
Revenue	1,048	1,026	927.93	986.9	1,010	879.59
Revenue Growth (YoY)	9.47%	10.58%	-5.97%	-2.33%	14.88%	40.95%
Cost of Revenue	780.28	753.24	727.2	672.72	625.36	575.48
Gross Profit	267.77	272.89	200.73	314.18	385.12	304.11
Selling, General & Admin	72.71	72.37	69.24	71.25	67.51	45.76
Research & Development	38.95	48.9	53.8	51.51	53.98	43.1
Other Operating Expenses	8.42	8.97	9.88	13.2	9.67	7.66
Operating Expenses	122.73	132.89	133.36	138.53	129.19	99.01
Operating Income	145.04	140	67.38	175.65	255.93	205.1
Interest Expense	-33.33	-33.33	-32.02	-3.18	-	-
Interest & Investment Income	12.45	12.23	18	8.41	12.2	13.87
Currency Exchange Gain (Loss)	-1.14	-1.14	1.77	0.11	3.01	-0.41
Other Non Operating Income (Expenses)	6.82	-0.11	-13.94	-1.88	-2.84	-2
EBT Excluding Unusual Items	129.84	117.65	41.19	179.1	268.31	216.55
Gain (Loss) on Sale of Investments	2.51	2.41	2.11	-1.16	-1.44	-2.54
Gain (Loss) on Sale of Assets	0.05	0.05	0.09	-1.16	-1.4	-0.7
Asset Writedown	-2.84	-2.87	-0	-4.94	-0.78	-0.49
Other Unusual Items	32.55	32.55	17.11	4.45	3.74	9.27
Pretax Income	162.12	149.8	60.51	176.29	268.42	222.09
Income Tax Expense	23.11	21.43	4.83	18.6	33.81	28.71
Earnings From Continuing Operations	139	128.37	55.68	157.69	234.61	193.38
Minority Interest in Earnings	-	-	0.31	0.3	-0.09	-
Net Income	139	128.37	55.99	157.99	234.52	193.38
Net Income to Common	139	128.37	55.99	157.99	234.52	193.38
Net Income Growth	128.03%	129.28%	-64.56%	-32.63%	21.28%	20.50%
Shares Outstanding (Basic)	429	421	421	421	421	376
Shares Outstanding (Diluted)	429	421	421	421	421	376
Shares Change (YoY)	1.93%	-0.01%	0.00%	-0.01%	11.99%	4.16%
EPS (Basic)	0.32	0.31	0.13	0.38	0.56	0.51
EPS (Diluted)	0.32	0.31	0.13	0.38	0.56	0.51
EPS Growth	123.72%	129.30%	-64.56%	-32.63%	8.29%	15.68%
Free Cash Flow	82	86.19	45.26	-45.24	-108.36	0.16
Free Cash Flow Per Share	0.19	0.20	0.11	-0.11	-0.26	-
Dividend Per Share	0.100	0.100	0.050	0.150	0.150	0.250
Dividend Growth	100.00%	100.00%	-66.67%	-	-40.00%	-
Gross Margin	25.55%	26.59%	21.63%	31.84%	38.11%	34.57%
Operating Margin	13.84%	13.64%	7.26%	17.80%	25.33%	23.32%
Profit Margin	13.26%	12.51%	6.03%	16.01%	23.21%	21.98%
Free Cash Flow Margin	7.82%	8.40%	4.88%	-4.58%	-10.72%	0.02%
EBITDA	275.91	268.09	184.38	263.19	303.58	243.51
EBITDA Margin	26.33%	26.13%	19.87%	26.67%	30.04%	27.68%
D&A For EBITDA	130.87	128.09	117	87.54	47.64	38.4
EBIT	145.04	140	67.38	175.65	255.93	205.1
EBIT Margin	13.84%	13.64%	7.26%	17.80%	25.33%	23.32%
Effective Tax Rate	14.26%	14.31%	7.98%	10.55%	12.60%	12.93%
Revenue as Reported	1,026	1,026	927.93	986.9	-	879.59
Advertising Expenses	-	0.2	0.22	0.37	0.27	0.17

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