SHE:301162 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	709.36	702.59	539.72	441.47	359.53	288.33
Other Revenue	14.78	14.78	10.04	14.76	-	11.82
Revenue	724.14	717.37	549.76	456.22	359.53	300.15
Revenue Growth (YoY)	22.46%	30.49%	20.50%	26.89%	19.78%	20.92%
Cost of Revenue	262.87	273.89	187.36	148.04	120.06	109.89
Gross Profit	461.27	443.48	362.4	308.18	239.47	190.26
Selling, General & Admin	225.51	219.19	194.71	163.76	124.25	85.42
Research & Development	94.75	92.6	82.45	84.7	61.48	38.89
Other Operating Expenses	-2.48	-3.34	-1.52	-3.37	-2.5	-3.24
Operating Expenses	329.24	319.91	285.93	256.09	191.25	126.25
Operating Income	132.02	123.57	76.47	52.1	48.22	64
Interest Expense	-14.32	-14.32	-3.8	-1.02	-0.33	-0.43
Interest & Investment Income	24.72	23.11	15.85	19.41	12.83	1.56
Currency Exchange Gain (Loss)	-0.02	-0.02	-0.02	0.05	0	-0.03
Other Non Operating Income (Expenses)	-3.63	-0.63	-0.1	-0.5	-0.26	-0.02
EBT Excluding Unusual Items	138.78	131.72	88.4	70.04	60.46	65.08
Gain (Loss) on Sale of Investments	3.48	3.65	6.66	7.03	0.65	0.83
Gain (Loss) on Sale of Assets	0.06	0.29	-	0.1	-	0.18
Asset Writedown	-1.17	-1.12	-0.1	-0.04	0.04	-0.04
Other Unusual Items	0.98	0.98	1.67	6.33	4.41	-0.85
Pretax Income	142.13	135.52	96.63	83.47	65.57	65.19
Income Tax Expense	4.15	3.17	2.01	1.55	-1.07	6.02
Earnings From Continuing Operations	137.98	132.35	94.61	81.91	66.64	59.17
Minority Interest in Earnings	-1.73	-2.09	-1.03	2.33	0.45	0
Net Income	136.26	130.25	93.59	84.25	67.08	59.18
Net Income to Common	136.26	130.25	93.59	84.25	67.08	59.18
Net Income Growth	39.24%	39.18%	11.09%	25.59%	13.36%	9.16%
Shares Outstanding (Basic)	129	125	120	119	109	90
Shares Outstanding (Diluted)	130	126	120	122	110	90
Shares Change (YoY)	9.48%	5.40%	-1.49%	10.45%	23.13%	0.28%
EPS (Basic)	1.06	1.04	0.78	0.71	0.62	0.66
EPS (Diluted)	1.05	1.03	0.78	0.69	0.61	0.66
EPS Growth	27.18%	32.05%	12.77%	13.71%	-7.93%	8.85%
Free Cash Flow	-37.5	-57.25	-83.1	31.87	53.46	40.31
Free Cash Flow Per Share	-0.29	-0.45	-0.69	0.26	0.48	0.45
Dividend Per Share	0.680	0.680	0.392	0.375	0.327	0.268
Dividend Growth	73.60%	73.60%	4.45%	14.54%	22.21%	-
Gross Margin	63.70%	61.82%	65.92%	67.55%	66.61%	63.39%
Operating Margin	18.23%	17.23%	13.91%	11.42%	13.41%	21.32%
Profit Margin	18.82%	18.16%	17.02%	18.47%	18.66%	19.71%
Free Cash Flow Margin	-5.18%	-7.98%	-15.12%	6.98%	14.87%	13.43%
EBITDA	168.75	155.53	89.38	55.33	50.6	65.19
EBITDA Margin	23.30%	21.68%	16.26%	12.13%	14.07%	21.72%
D&A For EBITDA	36.73	31.96	12.91	3.24	2.38	1.19
EBIT	132.02	123.57	76.47	52.1	48.22	64
EBIT Margin	18.23%	17.23%	13.91%	11.42%	13.41%	21.32%
Effective Tax Rate	2.92%	2.34%	2.08%	1.86%	-	9.24%
Revenue as Reported	717.37	717.37	549.76	456.22	359.53	300.15
Advertising Expenses	-	2.36	2.52	1.76	1.62	1.03

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