SHE:301196 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	Jan '22 Jan 1, 2022
Operating Revenue	2,254	2,183	1,796	1,325	939.9	1,144
Other Revenue	20.71	20.71	22.8	16.41	18.2	15.63
Revenue	2,275	2,204	1,819	1,341	958.1	1,159
Revenue Growth (YoY)	12.03%	21.16%	35.64%	39.97%	-17.34%	27.30%
Cost of Revenue	1,635	1,580	1,328	940.6	663.11	788.88
Gross Profit	639.5	624.25	491.21	400.47	294.99	370.27
Selling, General & Admin	266.2	257.02	236.74	192.93	119.71	116.11
Research & Development	109.6	105.09	86.29	69.25	58.04	43.85
Other Operating Expenses	12.05	10.58	16.82	13.55	6.21	7.32
Operating Expenses	392.17	377.14	344.03	280.76	185.57	167.25
Operating Income	247.33	247.11	147.18	119.71	109.42	203.02
Interest Expense	-5.11	-4.78	-3.56	-2.73	-1.38	-0.38
Interest & Investment Income	52.32	45.21	52.11	56.74	48.17	15.98
Currency Exchange Gain (Loss)	-6.72	-6.72	7.7	4.29	7.11	-8.71
Other Non Operating Income (Expenses)	-14.85	-0.8	-1.07	1.17	-0.4	-0.63
EBT Excluding Unusual Items	272.97	280.02	202.36	179.19	162.92	209.27
Impairment of Goodwill	-7.36	-7.36	-8.32	-	-	-
Gain (Loss) on Sale of Investments	0.24	0.24	-1.21	1.68	2.06	-0.91
Gain (Loss) on Sale of Assets	-1.2	-0.63	-0.13	0.68	0.09	0.31
Asset Writedown	-2.05	-0.47	-0.46	-0.84	-0.97	-0.28
Legal Settlements	0.56	0.56	-1.57	-	-	-
Other Unusual Items	22.7	22.65	61.73	25.88	16.45	16.96
Pretax Income	285.85	295	252.4	206.6	180.54	225.35
Income Tax Expense	27.22	28.73	26.1	30.7	15.67	29.21
Earnings From Continuing Operations	258.63	266.27	226.3	175.9	164.87	196.14
Minority Interest in Earnings	-7.73	-9.33	-6.04	-7.83	-1.42	-4.34
Net Income	250.9	256.93	220.26	168.07	163.45	191.8
Net Income to Common	250.9	256.93	220.26	168.07	163.45	191.8
Net Income Growth	-3.47%	16.65%	31.05%	2.83%	-14.78%	19.31%
Shares Outstanding (Basic)	125	125	124	125	125	94
Shares Outstanding (Diluted)	125	125	124	125	125	94
Shares Change (YoY)	0.73%	0.41%	-0.45%	0.00%	33.33%	0.00%
EPS (Basic)	2.01	2.06	1.77	1.35	1.31	2.05
EPS (Diluted)	2.01	2.06	1.77	1.35	1.31	2.05
EPS Growth	-4.17%	16.17%	31.65%	2.83%	-36.08%	19.31%
Free Cash Flow	85.88	-1.6	103.34	-105.98	-49.03	-6.16
Free Cash Flow Per Share	0.69	-0.01	0.83	-0.85	-0.39	-0.07
Dividend Per Share	1.300	1.300	1.100	0.900	0.700	0.600
Dividend Growth	18.18%	18.18%	22.22%	28.57%	16.67%	-
Gross Margin	28.12%	28.32%	27.00%	29.86%	30.79%	31.94%
Operating Margin	10.87%	11.21%	8.09%	8.93%	11.42%	17.51%
Profit Margin	11.03%	11.66%	12.11%	12.53%	17.06%	16.55%
Free Cash Flow Margin	3.77%	-0.07%	5.68%	-7.90%	-5.12%	-0.53%
EBITDA	378.25	374.19	258.86	206.4	168.38	256.37
EBITDA Margin	16.63%	16.98%	14.23%	15.39%	17.57%	22.12%
D&A For EBITDA	130.92	127.08	111.68	86.69	58.96	53.36
EBIT	247.33	247.11	147.18	119.71	109.42	203.02
EBIT Margin	10.87%	11.21%	8.09%	8.93%	11.42%	17.51%
Effective Tax Rate	9.52%	9.74%	10.34%	14.86%	8.68%	12.96%
Revenue as Reported	2,275	2,204	1,819	1,341	958.1	1,159
Advertising Expenses	-	5.27	3.83	3.68	3.53	2.72

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