SHE:301255 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	461.97	445.49	423.88	463.77	464.12	463.48
Other Revenue	-	-	4.14	4.19	3.39	3.83
Revenue	461.97	445.49	428.01	467.96	467.52	467.31
Revenue Growth (YoY)	8.57%	4.08%	-8.54%	0.10%	0.04%	36.15%
Cost of Revenue	359.02	342.9	324.15	341.83	327.52	323.02
Gross Profit	102.95	102.59	103.86	126.13	140	144.3
Selling, General & Admin	42.85	38.27	31.41	34.16	31.1	28.43
Research & Development	26.04	23.18	21.77	21.34	20.35	19.33
Other Operating Expenses	1.53	1.12	4.04	2.01	4.17	4.36
Operating Expenses	70.42	62.57	59.44	59.1	57.77	52.3
Operating Income	32.53	40.02	44.42	67.03	82.22	92
Interest Expense	-	-	-0.56	-0.19	-0.46	-0.78
Interest & Investment Income	8.95	9	15.9	17.42	3.12	1.25
Currency Exchange Gain (Loss)	-	-	-1	-0.82	0.06	-0.32
Other Non Operating Income (Expenses)	-3.75	-1.51	-0.29	-0.14	-0.1	-0.08
EBT Excluding Unusual Items	37.73	47.51	58.47	83.3	84.85	92.06
Gain (Loss) on Sale of Investments	0.36	0.25	0.36	0.27	-	-
Gain (Loss) on Sale of Assets	0.51	0.03	-0	0.68	6.74	0.24
Asset Writedown	-1.19	-1.19	-1.62	-	-	-
Other Unusual Items	-	-	1.59	7.76	13.36	11.06
Pretax Income	37.42	46.6	58.81	92.01	104.94	103.36
Income Tax Expense	-0.1	2.95	6.86	11.25	8.18	12.81
Earnings From Continuing Operations	37.52	43.65	51.95	80.76	96.77	90.55
Minority Interest in Earnings	2.23	0.01	-	-	-	-
Net Income	39.75	43.66	51.95	80.76	96.77	90.55
Net Income to Common	39.75	43.66	51.95	80.76	96.77	90.55
Net Income Growth	-16.15%	-15.96%	-35.67%	-16.55%	6.86%	64.18%
Shares Outstanding (Basic)	155	151	152	153	114	114
Shares Outstanding (Diluted)	155	151	152	153	114	114
Shares Change (YoY)	1.16%	-0.63%	-0.83%	34.20%	-0.10%	2.13%
EPS (Basic)	0.26	0.29	0.34	0.53	0.85	0.79
EPS (Diluted)	0.26	0.29	0.34	0.53	0.85	0.79
EPS Growth	-17.11%	-15.43%	-35.13%	-37.81%	6.97%	60.76%
Free Cash Flow	-104.15	-19.12	-154.77	-43.98	64.94	67.3
Free Cash Flow Per Share	-0.67	-0.13	-1.02	-0.29	0.57	0.59
Dividend Per Share	-	-	0.143	0.357	0.446	-
Dividend Growth	-	-	-59.98%	-20.00%	-	-
Gross Margin	22.29%	23.03%	24.27%	26.95%	29.94%	30.88%
Operating Margin	7.04%	8.98%	10.38%	14.32%	17.59%	19.69%
Profit Margin	8.60%	9.80%	12.14%	17.26%	20.70%	19.38%
Free Cash Flow Margin	-22.55%	-4.29%	-36.16%	-9.40%	13.89%	14.40%
EBITDA	63.25	69.16	67.28	90.69	102.04	111.93
EBITDA Margin	13.69%	15.53%	15.72%	19.38%	21.83%	23.95%
D&A For EBITDA	30.72	29.15	22.86	23.66	19.81	19.94
EBIT	32.53	40.02	44.42	67.03	82.22	92
EBIT Margin	7.04%	8.98%	10.38%	14.32%	17.59%	19.69%
Effective Tax Rate	-	6.33%	11.66%	12.23%	7.79%	12.39%
Revenue as Reported	-	-	428.01	467.96	467.52	467.31
Advertising Expenses	-	-	1.14	1.65	1.04	0.86

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