SHE:301300 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	519.89	512.66	470.81	393.23	366.31	404.07
Other Revenue	1	1	0.54	0.6	0.66	0.88
Revenue	520.88	513.65	471.34	393.83	366.98	404.95
Revenue Growth (YoY)	7.97%	8.98%	19.68%	7.32%	-9.38%	26.08%
Cost of Revenue	370.41	362.04	366.67	315.11	274.59	280.15
Gross Profit	150.48	151.61	104.68	78.72	92.39	124.8
Selling, General & Admin	37.01	34.67	34.58	29.19	21.38	19.13
Research & Development	16.97	16.97	18.15	15.76	12.81	13.98
Other Operating Expenses	1.67	1.64	0.55	0.4	1.96	3.31
Operating Expenses	57.73	55.61	57.23	51.69	44.23	36.76
Operating Income	92.75	96	47.45	27.02	48.16	88.04
Interest Expense	-0.21	-0.27	-0.48	-0.57	-0.71	-2.21
Interest & Investment Income	7.76	8.62	8.37	9.88	4.07	0.29
Currency Exchange Gain (Loss)	0	0	0.01	0.02	0.05	-0.05
Other Non Operating Income (Expenses)	-0.02	-0.01	-0.01	-0.08	-0.01	-0.02
EBT Excluding Unusual Items	100.28	104.34	55.34	36.27	51.56	86.04
Gain (Loss) on Sale of Investments	0.77	0.16	-0.07	0.81	0.11	-0.25
Gain (Loss) on Sale of Assets	-0.1	-0.05	0	-	0	-
Asset Writedown	-2.46	-2.22	-0.28	-0.99	-0.42	-0.35
Other Unusual Items	0.39	0.38	0.52	2.82	7.86	2.89
Pretax Income	98.88	102.61	55.52	38.91	59.12	88.32
Income Tax Expense	13.32	12.7	7.3	4.51	5.86	11.45
Net Income	85.55	89.91	48.22	34.41	53.26	76.87
Net Income to Common	85.55	89.91	48.22	34.41	53.26	76.87
Net Income Growth	46.43%	86.45%	40.15%	-35.40%	-30.71%	17.15%
Shares Outstanding (Basic)	63	63	63	64	53	48
Shares Outstanding (Diluted)	63	63	63	65	53	48
Shares Change (YoY)	0.28%	-0.21%	-2.26%	21.88%	10.86%	-0.43%
EPS (Basic)	1.36	1.43	0.77	0.54	1.00	1.60
EPS (Diluted)	1.35	1.42	0.76	0.53	1.00	1.60
EPS Growth	46.02%	86.84%	43.40%	-47.00%	-37.50%	17.65%
Free Cash Flow	61.78	51.82	-24.22	22.92	56.44	73.13
Free Cash Flow Per Share	0.97	0.82	-0.38	0.35	1.06	1.52
Dividend Per Share	1.100	1.100	1.000	0.400	0.400	0.400
Dividend Growth	10.00%	10.00%	150.00%	-	-	-
Gross Margin	28.89%	29.52%	22.21%	19.99%	25.17%	30.82%
Operating Margin	17.81%	18.69%	10.07%	6.86%	13.12%	21.74%
Profit Margin	16.43%	17.50%	10.23%	8.74%	14.51%	18.98%
Free Cash Flow Margin	11.86%	10.09%	-5.14%	5.82%	15.38%	18.06%
EBITDA	110.11	113.04	63.26	39.1	58.92	98.94
EBITDA Margin	21.14%	22.01%	13.42%	9.93%	16.05%	24.43%
D&A For EBITDA	17.36	17.05	15.81	12.08	10.75	10.9
EBIT	92.75	96	47.45	27.02	48.16	88.04
EBIT Margin	17.81%	18.69%	10.07%	6.86%	13.12%	21.74%
Effective Tax Rate	13.47%	12.38%	13.15%	11.58%	9.91%	12.97%
Revenue as Reported	520.88	513.65	471.34	393.83	366.98	404.95
Advertising Expenses	-	0.19	0.58	0.03	-	-