SHE:301281 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	445.28	395.19	457.46	445.94	442.31	419.67
Other Revenue	3.04	3.04	6.26	1.64	0.55	1.22
Revenue	448.33	398.23	463.72	447.58	442.87	420.89
Revenue Growth (YoY)	4.59%	-14.12%	3.60%	1.06%	5.22%	14.67%
Cost of Revenue	216.15	201.9	266.76	240.86	264.82	246.14
Gross Profit	232.18	196.33	196.96	206.73	178.04	174.75
Selling, General & Admin	155.48	131.53	116.12	99.72	56.03	63.1
Research & Development	38.18	42.35	35.82	43.86	26.97	24.43
Other Operating Expenses	0.78	2.55	4.19	4.36	5.3	4.47
Operating Expenses	200.04	178.21	156.42	148.25	89.14	92.11
Operating Income	32.14	18.12	40.54	58.48	88.91	82.64
Interest Expense	-0.07	-0.02	-0.04	-	-	-
Interest & Investment Income	6.58	7.02	15.4	15.97	1.33	0.96
Currency Exchange Gain (Loss)	0.04	0.04	-0.59	1.15	1.55	-1.11
Other Non Operating Income (Expenses)	-4.3	0.07	-2.03	0.09	-0.32	0.05
EBT Excluding Unusual Items	34.39	25.24	53.29	75.7	91.47	82.55
Impairment of Goodwill	-0.8	-0.8	-	-	-	-
Gain (Loss) on Sale of Investments	-1.25	-1.16	0.8	0.54	-	-
Gain (Loss) on Sale of Assets	-0.26	-0.26	-0.84	0.04	0.37	-0.04
Asset Writedown	0.7	-	-	-	-	-
Legal Settlements	-16.11	-16.11	-0.14	-	-	-
Other Unusual Items	9.16	9.87	12.61	3.45	6.47	7.41
Pretax Income	25.82	16.78	65.71	79.74	98.3	89.92
Income Tax Expense	1.98	0.4	5.44	2.7	7.02	11.75
Earnings From Continuing Operations	23.84	16.38	60.27	77.04	91.28	78.17
Minority Interest in Earnings	-0.3	0.18	0.18	-	-	-
Net Income	23.54	16.55	60.45	77.04	91.28	78.17
Net Income to Common	23.54	16.55	60.45	77.04	91.28	78.17
Net Income Growth	-62.04%	-72.62%	-21.54%	-15.60%	16.77%	13.87%
Shares Outstanding (Basic)	110	110	108	101	81	81
Shares Outstanding (Diluted)	110	110	108	101	81	81
Shares Change (YoY)	2.23%	2.23%	6.49%	24.38%	0.53%	-0.47%
EPS (Basic)	0.21	0.15	0.56	0.76	1.12	0.96
EPS (Diluted)	0.21	0.15	0.56	0.76	1.12	0.96
EPS Growth	-62.87%	-73.21%	-26.32%	-32.14%	16.15%	14.40%
Free Cash Flow	-53.15	-93.58	-356.9	-33.12	84.75	31.83
Free Cash Flow Per Share	-0.48	-0.85	-3.31	-0.33	1.04	0.39
Dividend Per Share	0.050	0.050	0.200	0.300	0.286	-
Dividend Growth	-75.00%	-75.00%	-33.33%	5.00%	-	-
Gross Margin	51.79%	49.30%	42.47%	46.19%	40.20%	41.52%
Operating Margin	7.17%	4.55%	8.74%	13.06%	20.08%	19.63%
Profit Margin	5.25%	4.16%	13.04%	17.21%	20.61%	18.57%
Free Cash Flow Margin	-11.86%	-23.50%	-76.96%	-7.40%	19.14%	7.56%
EBITDA	80.01	65.78	87.4	107.43	122.54	109.5
EBITDA Margin	17.85%	16.52%	18.85%	24.00%	27.67%	26.02%
D&A For EBITDA	47.87	47.67	46.86	48.95	33.63	26.86
EBIT	32.14	18.12	40.54	58.48	88.91	82.64
EBIT Margin	7.17%	4.55%	8.74%	13.06%	20.08%	19.63%
Effective Tax Rate	7.66%	2.39%	8.27%	3.38%	7.14%	13.06%
Revenue as Reported	448.33	398.23	463.72	447.58	442.87	420.89
Advertising Expenses	-	4.09	4.03	1.89	-	-

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