SHE:301148 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	490.57	494.27	537.75	533.34	727.99	647.25
Other Revenue	13.95	13.95	18.09	21.44	28.15	28.07
Revenue	504.52	508.22	555.84	554.79	756.14	675.32
Revenue Growth (YoY)	-7.74%	-8.57%	0.19%	-26.63%	11.97%	13.00%
Cost of Revenue	311.03	304.34	347.88	353.01	518.93	394.58
Gross Profit	193.49	203.87	207.95	201.77	237.2	280.74
Selling, General & Admin	84.42	83.16	97.59	119.32	122.72	96.75
Research & Development	30.17	29.21	36.51	40.01	50.18	49.35
Other Operating Expenses	3.45	2.86	2.61	2.24	2.92	0.19
Operating Expenses	173.71	172.85	184.42	181.15	187.23	142.72
Operating Income	19.78	31.02	23.53	20.62	49.97	138.02
Interest Expense	-1.89	-1.7	-1.03	-1.83	-2.32	-3.26
Interest & Investment Income	2.31	2.94	1.06	6.39	6.83	0.23
Currency Exchange Gain (Loss)	1.79	1.79	-0.59	0.4	0.88	0.19
Other Non Operating Income (Expenses)	-1.96	-0.48	-0.77	-1.69	-0.54	1.32
EBT Excluding Unusual Items	20.03	33.57	22.2	23.89	54.83	136.5
Gain (Loss) on Sale of Investments	8.77	8.66	14.63	16.22	7.76	0.31
Gain (Loss) on Sale of Assets	9.18	8.04	5.25	5.93	5	22.36
Asset Writedown	-0.92	-0.94	-0.24	-2.27	-2.4	-4.4
Other Unusual Items	2.54	2.54	4.19	14.39	14.9	16.95
Pretax Income	39.6	51.87	46.03	58.15	80.09	171.72
Income Tax Expense	-0.83	-0.2	-1.74	0.43	-27.16	22.18
Earnings From Continuing Operations	40.43	52.07	47.76	57.72	107.25	149.55
Minority Interest in Earnings	-0.21	-0.88	2.44	0.35	-0.65	-0.88
Net Income	40.22	51.19	50.2	58.07	106.6	148.66
Net Income to Common	40.22	51.19	50.2	58.07	106.6	148.66
Net Income Growth	-20.03%	1.98%	-13.55%	-45.52%	-28.30%	1.39%
Shares Outstanding (Basic)	116	116	117	116	107	87
Shares Outstanding (Diluted)	116	116	117	116	107	87
Shares Change (YoY)	-0.38%	-0.34%	0.52%	8.95%	21.89%	0.19%
EPS (Basic)	0.35	0.44	0.43	0.50	1.00	1.70
EPS (Diluted)	0.35	0.44	0.43	0.50	1.00	1.70
EPS Growth	-19.72%	2.33%	-14.00%	-50.00%	-41.18%	1.19%
Free Cash Flow	22.53	7.64	-88.2	-37.29	-96.15	-38.34
Free Cash Flow Per Share	0.19	0.07	-0.76	-0.32	-0.90	-0.44
Dividend Per Share	0.390	0.390	0.390	0.390	0.390	0.520
Dividend Growth	-	-	-	-	-25.00%	-
Gross Margin	38.35%	40.12%	37.41%	36.37%	31.37%	41.57%
Operating Margin	3.92%	6.10%	4.23%	3.72%	6.61%	20.44%
Profit Margin	7.97%	10.07%	9.03%	10.47%	14.10%	22.01%
Free Cash Flow Margin	4.46%	1.50%	-15.87%	-6.72%	-12.72%	-5.68%
EBITDA	55.14	70.47	79.38	125.69	139.68	207.73
EBITDA Margin	10.93%	13.87%	14.28%	22.66%	18.47%	30.76%
D&A For EBITDA	35.35	39.45	55.85	105.07	89.71	69.71
EBIT	19.78	31.02	23.53	20.62	49.97	138.02
EBIT Margin	3.92%	6.10%	4.23%	3.72%	6.61%	20.44%
Effective Tax Rate	-	-	-	0.74%	-	12.91%
Revenue as Reported	504.52	508.22	555.84	554.79	756.14	675.32
Advertising Expenses	-	-	-	-	1.63	-

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