SHE:301287 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	Dec '21 Dec 31, 2021
Operating Revenue	580.13	583.4	684.56	605.62	604.54	698.61
Other Revenue	2.08	2.08	2.25	3.59	2.08	3.57
Revenue	582.2	585.48	686.81	609.21	606.62	702.19
Revenue Growth (YoY)	-11.92%	-14.75%	12.74%	0.43%	-13.61%	4.07%
Cost of Revenue	401.09	401.77	470.82	417.63	454.61	512.84
Gross Profit	181.11	183.71	215.99	191.57	152.01	189.35
Selling, General & Admin	107.42	112.44	131.27	109.76	65.21	60.91
Research & Development	20.31	18.95	21	19.77	18.59	21.68
Other Operating Expenses	2.88	2.29	0.58	4.33	5.73	-0.18
Operating Expenses	129.36	132.62	155.56	138.69	91.59	83.2
Operating Income	51.76	51.08	60.43	52.88	60.42	106.15
Interest Expense	-4.15	-3.87	-3.83	-3.72	-4.54	-6.55
Interest & Investment Income	57.74	54.37	33.4	22.34	4.13	1
Currency Exchange Gain (Loss)	-20.04	-20.04	9.97	7.13	29.14	-8.2
Other Non Operating Income (Expenses)	-13.56	-1.14	-0.89	-0.73	-0.16	-0.93
EBT Excluding Unusual Items	71.74	80.4	99.07	77.9	88.99	91.47
Gain (Loss) on Sale of Investments	-0.56	1.21	-3.62	-1.5	-	-
Gain (Loss) on Sale of Assets	0.1	0.01	0.5	0.02	-	0.01
Asset Writedown	0	-0.02	-	-	-0.04	-
Other Unusual Items	2.91	2.53	2.39	35.61	4.59	-1.34
Pretax Income	74.2	84.13	98.34	112.03	93.54	90.15
Income Tax Expense	14.78	14.62	17.08	15.13	9.23	11.63
Earnings From Continuing Operations	59.41	69.52	81.26	96.89	84.31	78.53
Minority Interest in Earnings	-0.05	-0.07	-0.04	0.03	-0.04	-0.24
Net Income	59.37	69.44	81.23	96.92	84.27	78.28
Net Income to Common	59.37	69.44	81.23	96.92	84.27	78.28
Net Income Growth	-28.13%	-14.51%	-16.20%	15.01%	7.65%	-16.16%
Shares Outstanding (Basic)	67	67	67	58	50	50
Shares Outstanding (Diluted)	67	67	67	58	50	50
Shares Change (YoY)	0.12%	0.29%	14.03%	17.09%	-0.27%	-
EPS (Basic)	0.89	1.04	1.22	1.66	1.69	1.57
EPS (Diluted)	0.89	1.04	1.22	1.66	1.69	1.57
EPS Growth	-28.22%	-14.75%	-26.51%	-1.77%	7.94%	-16.16%
Free Cash Flow	114.68	103.05	4.99	129.76	92.85	99.29
Free Cash Flow Per Share	1.72	1.54	0.07	2.22	1.86	1.99
Dividend Per Share	0.420	0.420	0.500	0.250	-	-
Dividend Growth	-16.00%	-16.00%	100.00%	-	-	-
Gross Margin	31.11%	31.38%	31.45%	31.45%	25.06%	26.97%
Operating Margin	8.89%	8.72%	8.80%	8.68%	9.96%	15.12%
Profit Margin	10.20%	11.86%	11.83%	15.91%	13.89%	11.15%
Free Cash Flow Margin	19.70%	17.60%	0.73%	21.30%	15.31%	14.14%
EBITDA	61.83	61.18	70.64	64.1	70.38	115.77
EBITDA Margin	10.62%	10.45%	10.29%	10.52%	11.60%	16.49%
D&A For EBITDA	10.07	10.1	10.21	11.22	9.96	9.62
EBIT	51.76	51.08	60.43	52.88	60.42	106.15
EBIT Margin	8.89%	8.72%	8.80%	8.68%	9.96%	15.12%
Effective Tax Rate	19.92%	17.37%	17.37%	13.51%	9.87%	12.90%
Revenue as Reported	582.2	585.48	686.81	609.21	606.62	-
Advertising Expenses	-	26.82	33.06	26.58	5.91	6.68

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