SHE:301234 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	454.58	458.04	477.23	533.5	546.78	512.79
Other Revenue	0.24	0.24	0.2	0.18	0.33	0.18
Revenue	454.82	458.28	477.43	533.68	547.11	512.96
Revenue Growth (YoY)	-7.46%	-4.01%	-10.54%	-2.46%	6.66%	8.85%
Cost of Revenue	387.19	392.98	395.53	422.68	428.74	399.7
Gross Profit	67.63	65.3	81.9	111	118.38	113.26
Selling, General & Admin	38	37.74	33.06	35.25	43.31	19.93
Research & Development	9.19	9.74	12.97	13.48	13.09	11.78
Other Operating Expenses	0.72	1.37	1.54	1.56	1.82	2.6
Operating Expenses	47.54	48.09	49.35	53.43	63.13	35.07
Operating Income	20.1	17.21	32.55	57.56	55.25	78.19
Interest Expense	-0.01	-0.02	-0.02	-0.01	-0.63	-1.03
Interest & Investment Income	7.08	7.96	5.69	8.72	2.11	2.29
Currency Exchange Gain (Loss)	-0.63	-0.63	5.66	3.56	7.06	-2.49
Other Non Operating Income (Expenses)	-2.92	-0.22	-0.91	-1.37	-0.65	-0.81
EBT Excluding Unusual Items	23.61	24.31	42.97	68.46	63.14	76.15
Gain (Loss) on Sale of Investments	0.82	-0.24	0.9	-1.34	-6.15	-
Gain (Loss) on Sale of Assets	0.37	-0.03	0.01	-	-	-0.47
Asset Writedown	-1.63	-1.58	-0.32	-0.47	-1.94	-0.01
Other Unusual Items	2.2	0.43	2.89	4.29	18.4	4.17
Pretax Income	25.36	22.89	46.45	70.94	73.45	79.84
Income Tax Expense	4.05	4	6.49	10.67	2.52	11.45
Net Income	21.31	18.89	39.97	60.27	70.93	68.39
Net Income to Common	21.31	18.89	39.97	60.27	70.93	68.39
Net Income Growth	-40.34%	-52.73%	-33.68%	-15.04%	3.71%	20.53%
Shares Outstanding (Basic)	68	68	68	68	60	51
Shares Outstanding (Diluted)	68	68	68	68	60	51
Shares Change (YoY)	0.03%	0.01%	0.00%	14.28%	16.66%	-0.24%
EPS (Basic)	0.31	0.28	0.59	0.89	1.19	1.34
EPS (Diluted)	0.31	0.28	0.59	0.89	1.19	1.34
EPS Growth	-40.36%	-52.74%	-33.68%	-25.65%	-11.10%	20.81%
Free Cash Flow	39.87	53.61	51.9	10.92	-52.51	6.07
Free Cash Flow Per Share	0.59	0.79	0.76	0.16	-0.88	0.12
Dividend Per Share	0.200	0.200	0.300	0.400	0.500	-
Dividend Growth	-33.33%	-33.33%	-25.00%	-20.00%	-	-
Gross Margin	14.87%	14.25%	17.16%	20.80%	21.64%	22.08%
Operating Margin	4.42%	3.75%	6.82%	10.79%	10.10%	15.24%
Profit Margin	4.69%	4.12%	8.37%	11.29%	12.96%	13.33%
Free Cash Flow Margin	8.77%	11.70%	10.87%	2.04%	-9.60%	1.18%
EBITDA	58	55.17	70.74	87.81	77.7	96.36
EBITDA Margin	12.75%	12.04%	14.82%	16.45%	14.20%	18.79%
D&A For EBITDA	37.9	37.96	38.18	30.25	22.45	18.17
EBIT	20.1	17.21	32.55	57.56	55.25	78.19
EBIT Margin	4.42%	3.75%	6.82%	10.79%	10.10%	15.24%
Effective Tax Rate	15.97%	17.47%	13.96%	15.05%	3.43%	14.34%
Revenue as Reported	454.82	458.28	477.43	533.68	547.11	512.96
Advertising Expenses	-	2.2	1.65	1.44	0.78	0.66

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