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	454.82	458.28	477.23	533.5	546.78	512.79
Other Revenue	-	-	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	385.69	391.48	395.53	422.68	428.74	399.7
Gross Profit	69.13	66.8	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	-1.78	0.68	1.54	1.56	1.82	2.6
Operating Expenses	45.41	48.16	49.35	53.43	63.13	35.07
Operating Income	23.72	18.64	32.55	57.56	55.25	78.19
Interest Expense	-	-	-0.02	-0.01	-0.63	-1.03
Interest & Investment Income	4.8	5.52	5.69	8.72	2.11	2.29
Currency Exchange Gain (Loss)	-	-	5.66	3.56	7.06	-2.49
Other Non Operating Income (Expenses)	-1.59	1.71	-0.91	-1.37	-0.65	-0.81
EBT Excluding Unusual Items	26.92	25.87	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	0.39	-0.03	0.01	-	-	-0.47
Asset Writedown	-2.76	-2.71	-0.32	-0.47	-1.94	-0.01
Other Unusual Items	-	-	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	-	-	0.300	0.400	0.500	-
Dividend Growth	-	-	-25.00%	-20.00%	-	-
Gross Margin	15.20%	14.58%	17.16%	20.80%	21.64%	22.08%
Operating Margin	5.21%	4.07%	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	62.19	56.93	70.13	87.81	77.7	96.36
EBITDA Margin	13.67%	12.42%	14.69%	16.45%	14.20%	18.79%
D&A For EBITDA	38.47	38.29	37.58	30.25	22.45	18.17
EBIT	23.72	18.64	32.55	57.56	55.25	78.19
EBIT Margin	5.21%	4.07%	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	-	-	477.43	533.68	547.11	512.96
Advertising Expenses	-	-	1.65	1.44	0.78	0.66

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