SHE:301141 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	Dec '21 Dec 31, 2021
Operating Revenue	780.02	740.52	517.27	461.35	568.57	522.35
Other Revenue	-	-	29.14	23.25	50.69	23.05
Revenue	780.02	740.52	546.4	484.6	619.26	545.4
Revenue Growth (YoY)	33.02%	35.53%	12.75%	-21.75%	13.54%	44.25%
Cost of Revenue	670.74	632.31	487.5	411.24	483.89	400.03
Gross Profit	109.28	108.21	58.9	73.36	135.37	145.37
Selling, General & Admin	47.75	46.76	37.65	30.03	20.01	19.74
Research & Development	26.88	25.95	17.82	17.13	21.12	19.89
Other Operating Expenses	-3.47	-2.97	0.75	3.43	4.67	2.94
Operating Expenses	71.16	69.74	59.39	51.23	45.06	48.75
Operating Income	38.12	38.47	-0.49	22.12	90.31	96.62
Interest Expense	-	-	-0.25	-1.47	-6.02	-4.85
Interest & Investment Income	1.58	2.48	13.71	22.2	0.13	0.14
Currency Exchange Gain (Loss)	-	-	1.58	0.33	7.51	-0.86
Other Non Operating Income (Expenses)	-9.16	-5.18	-0.42	-0.47	-0.31	-0.19
EBT Excluding Unusual Items	30.54	35.77	14.14	42.72	91.6	90.86
Gain (Loss) on Sale of Investments	1.04	1.83	1.82	-	-2.64	-
Gain (Loss) on Sale of Assets	-0.53	-0.66	-1.91	-	0.13	0.1
Asset Writedown	-8.93	-4.18	-0.1	-1.01	-0.08	-0
Other Unusual Items	-	-	3.24	12.01	12.05	6.14
Pretax Income	22.12	32.76	17.18	53.71	101.05	97.11
Income Tax Expense	-1.97	0.99	0.62	5.58	11.67	11.96
Earnings From Continuing Operations	24.08	31.77	16.56	48.13	89.38	85.15
Minority Interest in Earnings	1.84	1.41	-	-	-	-
Net Income	25.92	33.18	16.56	48.13	89.38	85.15
Net Income to Common	25.92	33.18	16.56	48.13	89.38	85.15
Net Income Growth	-0.13%	100.37%	-65.59%	-46.15%	4.98%	50.87%
Shares Outstanding (Basic)	123	123	127	116	93	93
Shares Outstanding (Diluted)	123	123	127	116	93	93
Shares Change (YoY)	-2.90%	-3.53%	9.65%	25.34%	-0.47%	3.73%
EPS (Basic)	0.21	0.27	0.13	0.41	0.96	0.91
EPS (Diluted)	0.21	0.27	0.13	0.41	0.96	0.91
EPS Growth	2.85%	107.69%	-68.62%	-57.04%	5.47%	45.45%
Free Cash Flow	-360.65	-314.01	-246.4	1.46	143.2	-75.36
Free Cash Flow Per Share	-2.93	-2.56	-1.93	0.01	1.54	-0.81
Dividend Per Share	-	-	0.100	0.214	0.143	-
Dividend Growth	-	-	-53.34%	49.96%	-	-
Gross Margin	14.01%	14.61%	10.78%	15.14%	21.86%	26.65%
Operating Margin	4.89%	5.20%	-0.09%	4.57%	14.58%	17.72%
Profit Margin	3.32%	4.48%	3.03%	9.93%	14.43%	15.61%
Free Cash Flow Margin	-46.24%	-42.41%	-45.09%	0.30%	23.12%	-13.82%
EBITDA	81.54	77.45	20.71	37.82	104.73	110.07
EBITDA Margin	10.45%	10.46%	3.79%	7.80%	16.91%	20.18%
D&A For EBITDA	43.43	38.98	21.2	15.7	14.43	13.45
EBIT	38.12	38.47	-0.49	22.12	90.31	96.62
EBIT Margin	4.89%	5.20%	-0.09%	4.57%	14.58%	17.72%
Effective Tax Rate	-	3.01%	3.61%	10.39%	11.55%	12.32%
Revenue as Reported	-	-	546.4	484.6	619.26	-
Advertising Expenses	-	-	2.38	0.98	0.33	-

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