SHE:301173 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	Dec '21 Dec 31, 2021
Operating Revenue	2,164	2,267	2,380	2,467	1,999	1,682
Other Revenue	12.94	12.94	27.78	23.79	21.95	11.36
Revenue	2,177	2,280	2,407	2,491	2,021	1,694
Revenue Growth (YoY)	-7.80%	-5.28%	-3.35%	23.25%	19.32%	28.63%
Cost of Revenue	1,807	1,892	2,003	2,108	1,721	1,457
Gross Profit	370.59	388.52	404.93	383.09	300.3	236.31
Selling, General & Admin	112.37	116.31	99.35	98.04	115.88	108.68
Research & Development	61.6	58.18	69.36	68.46	62.25	66.93
Other Operating Expenses	6.2	5.86	-4.76	2.09	4.37	-5.52
Operating Expenses	185.13	185.3	186.06	174.31	190.44	173.09
Operating Income	185.46	203.22	218.87	208.78	109.86	63.22
Interest Expense	-0.4	-0.4	-1.23	-5.49	-12.37	-11.45
Interest & Investment Income	12.29	11.7	5.57	2.66	2.1	0.67
Currency Exchange Gain (Loss)	0.17	0.17	0.33	0.2	2.27	-0.21
Other Non Operating Income (Expenses)	7.1	-4.2	-4.79	-5.24	-3.15	-1.97
EBT Excluding Unusual Items	204.63	210.49	218.74	200.91	98.72	50.26
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.25
Gain (Loss) on Sale of Assets	-0.2	0.59	0.51	-0.12	0.08	-0.02
Asset Writedown	0.13	-2.05	-5.67	-1.22	-0.42	-0.23
Other Unusual Items	5.45	5.45	6.83	6.15	3.08	1.27
Pretax Income	210	214.49	220.42	205.73	101.46	51.03
Income Tax Expense	39.35	41.59	49.17	46.98	31.04	8.19
Earnings From Continuing Operations	170.66	172.9	171.24	158.75	70.42	42.83
Minority Interest in Earnings	0.19	0.14	-0.44	0.9	0.95	-
Net Income	170.85	173.04	170.8	159.65	71.37	42.83
Net Income to Common	170.85	173.04	170.8	159.65	71.37	42.83
Net Income Growth	22.08%	1.31%	6.98%	123.69%	66.63%	-41.68%
Shares Outstanding (Basic)	90	84	66	66	60	56
Shares Outstanding (Diluted)	90	84	66	66	60	56
Shares Change (YoY)	36.10%	27.78%	-0.00%	9.23%	7.69%	-
EPS (Basic)	1.91	2.06	2.59	2.42	1.18	0.76
EPS (Diluted)	1.91	2.06	2.59	2.42	1.18	0.76
EPS Growth	-10.30%	-20.71%	6.98%	104.79%	54.73%	-
Free Cash Flow	361.31	294.69	-25.28	163.86	94.73	93.62
Free Cash Flow Per Share	4.03	3.50	-0.38	2.49	1.57	1.67
Dividend Per Share	0.594	0.594	-	-	-	-
Gross Margin	17.02%	17.04%	16.82%	15.38%	14.86%	13.95%
Operating Margin	8.52%	8.91%	9.09%	8.38%	5.44%	3.73%
Profit Margin	7.85%	7.59%	7.09%	6.41%	3.53%	2.53%
Free Cash Flow Margin	16.59%	12.92%	-1.05%	6.58%	4.69%	5.53%
EBITDA	234.91	253.81	274.01	261.26	152.66	96.73
EBITDA Margin	10.79%	11.13%	11.38%	10.49%	7.55%	5.71%
D&A For EBITDA	49.45	50.59	55.14	52.48	42.8	33.51
EBIT	185.46	203.22	218.87	208.78	109.86	63.22
EBIT Margin	8.52%	8.91%	9.09%	8.38%	5.44%	3.73%
Effective Tax Rate	18.74%	19.39%	22.31%	22.83%	30.59%	16.06%
Revenue as Reported	2,280	2,280	2,407	2,491	2,021	1,694
Advertising Expenses	-	-	-	0	0.01	1.25

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