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	458.21	441.72	423.88	463.77	464.12	463.48
Other Revenue	3.76	3.76	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	360.31	344.19	324.15	341.83	327.52	323.02
Gross Profit	101.66	101.3	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	5.59	5.18	4.12	2.01	4.17	4.36
Operating Expenses	77.4	68.27	59.53	59.1	57.77	52.3
Operating Income	24.26	33.03	44.33	67.03	82.22	92
Interest Expense	-1.93	-1.49	-0.56	-0.19	-0.46	-0.78
Interest & Investment Income	10.93	10.97	15.9	17.42	3.12	1.25
Currency Exchange Gain (Loss)	0.16	0.16	-1	-0.82	0.06	-0.32
Other Non Operating Income (Expenses)	-0.97	-0.43	-0.29	-0.14	-0.1	-0.08
EBT Excluding Unusual Items	32.46	42.23	58.39	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	-0.01	-0	-1.62	-	-	-
Other Unusual Items	4.09	4.09	1.68	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	153	153	114	114
Shares Outstanding (Diluted)	155	151	153	153	114	114
Shares Change (YoY)	1.16%	-1.47%	0.02%	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%	-14.71%	-35.68%	-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	-1.01	-0.29	0.57	0.59
Dividend Per Share	0.120	0.120	0.200	0.357	0.446	-
Dividend Growth	-40.00%	-40.00%	-43.99%	-20.00%	-	-
Gross Margin	22.01%	22.74%	24.27%	26.95%	29.94%	30.88%
Operating Margin	5.25%	7.41%	10.36%	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	53.65	61.28	68.05	90.69	102.04	111.93
EBITDA Margin	11.61%	13.76%	15.90%	19.38%	21.83%	23.95%
D&A For EBITDA	29.39	28.25	23.71	23.66	19.81	19.94
EBIT	24.26	33.03	44.33	67.03	82.22	92
EBIT Margin	5.25%	7.41%	10.36%	14.32%	17.59%	19.69%
Effective Tax Rate	-	6.33%	11.66%	12.23%	7.79%	12.39%
Revenue as Reported	461.97	445.49	428.01	467.96	467.52	467.31
Advertising Expenses	-	0.48	1.14	1.65	1.04	0.86

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