SHE:301162 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	717.37	539.72	441.47	359.53	288.33
Other Revenue	-	10.04	14.76	-	11.82
Revenue	717.37	549.76	456.22	359.53	300.15
Revenue Growth (YoY)	30.49%	20.50%	26.89%	19.78%	20.92%
Cost of Revenue	273.89	187.36	148.04	120.06	109.89
Gross Profit	443.48	362.4	308.18	239.47	190.26
Selling, General & Admin	215.96	194.71	163.76	124.25	85.42
Research & Development	95.84	82.45	84.7	61.48	38.89
Other Operating Expenses	-5.01	-1.52	-3.37	-2.5	-3.24
Operating Expenses	306.78	285.93	256.09	191.25	126.25
Operating Income	136.7	76.47	52.1	48.22	64
Interest Expense	-	-3.8	-1.02	-0.33	-0.43
Interest & Investment Income	21.25	15.85	19.41	12.83	1.56
Currency Exchange Gain (Loss)	-	-0.02	0.05	0	-0.03
Other Non Operating Income (Expenses)	-26.26	-0.1	-0.5	-0.26	-0.02
EBT Excluding Unusual Items	131.68	88.4	70.04	60.46	65.08
Gain (Loss) on Sale of Investments	3.65	6.66	7.03	0.65	0.83
Gain (Loss) on Sale of Assets	0.29	-	0.1	-	0.18
Asset Writedown	-0.1	-0.1	-0.04	0.04	-0.04
Other Unusual Items	-	1.67	6.33	4.41	-0.85
Pretax Income	135.52	96.63	83.47	65.57	65.19
Income Tax Expense	3.17	2.01	1.55	-1.07	6.02
Earnings From Continuing Operations	132.35	94.61	81.91	66.64	59.17
Minority Interest in Earnings	-2.09	-1.03	2.33	0.45	0
Net Income	130.25	93.59	84.25	67.08	59.18
Net Income to Common	130.25	93.59	84.25	67.08	59.18
Net Income Growth	39.18%	11.09%	25.59%	13.36%	9.16%
Shares Outstanding (Basic)	125	119	119	109	90
Shares Outstanding (Diluted)	126	121	122	110	90
Shares Change (YoY)	4.72%	-0.85%	10.45%	23.13%	0.28%
EPS (Basic)	1.04	0.78	0.71	0.62	0.66
EPS (Diluted)	1.03	0.78	0.69	0.61	0.66
EPS Growth	32.90%	12.04%	13.71%	-7.93%	8.85%
Free Cash Flow	-57.25	-83.1	31.87	53.46	40.31
Free Cash Flow Per Share	-0.45	-0.69	0.26	0.48	0.45
Dividend Per Share	-	0.392	0.375	0.327	0.268
Dividend Growth	-	4.45%	14.54%	22.21%	-
Gross Margin	61.82%	65.92%	67.55%	66.61%	63.39%
Operating Margin	19.06%	13.91%	11.42%	13.41%	21.32%
Profit Margin	18.16%	17.02%	18.47%	18.66%	19.71%
Free Cash Flow Margin	-7.98%	-15.12%	6.98%	14.87%	13.43%
EBITDA	170	88.17	55.33	50.6	65.19
EBITDA Margin	23.70%	16.04%	12.13%	14.07%	21.72%
D&A For EBITDA	33.3	11.7	3.24	2.38	1.19
EBIT	136.7	76.47	52.1	48.22	64
EBIT Margin	19.06%	13.91%	11.42%	13.41%	21.32%
Effective Tax Rate	2.34%	2.08%	1.86%	-	9.24%
Revenue as Reported	-	549.76	456.22	359.53	300.15
Advertising Expenses	-	2.52	1.76	1.62	1.03

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.