SHE:301315 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	179.42	183.51	290.53	311.43	305.49	275.09
Other Revenue	1.83	1.83	3.13	2.05	1.65	0.32
Revenue	181.24	185.34	293.66	313.47	307.14	275.41
Revenue Growth (YoY)	-34.75%	-36.89%	-6.32%	2.06%	11.52%	13.06%
Cost of Revenue	102.53	112.95	189.17	199.77	184.52	152.17
Gross Profit	78.72	72.39	104.49	113.71	122.61	123.24
Selling, General & Admin	41.6	38.57	44.78	47.84	35.33	38.23
Research & Development	24.01	20.46	24.35	26.61	23.35	20.69
Other Operating Expenses	-4.28	-1.47	0.45	-3.39	0.15	0.19
Operating Expenses	61.13	55.82	73.13	74.35	60.3	59.35
Operating Income	17.58	16.57	31.36	39.36	62.31	63.89
Interest Expense	-0.16	-0.14	-0.01	-0.01	-0.01	-0.02
Interest & Investment Income	16.27	12.52	16.25	10.33	2.48	2.49
Currency Exchange Gain (Loss)	-0.25	-0.25	-0.65	-0.32	-0.42	-0.94
Other Non Operating Income (Expenses)	0.6	1.21	-0.87	0.03	-0.23	-0.18
EBT Excluding Unusual Items	34.04	29.91	46.08	49.38	64.14	65.23
Gain (Loss) on Sale of Investments	4.26	2.34	3.16	0.01	-	-
Gain (Loss) on Sale of Assets	-0	0.07	0	0.03	0.02	-
Asset Writedown	-0.01	-0.01	-	-0.04	-	-
Other Unusual Items	1.38	0.09	5.72	9.85	4.91	6.19
Pretax Income	39.67	32.4	54.96	59.23	69.06	71.42
Income Tax Expense	2.85	1.97	3.2	0.96	7.53	8.9
Earnings From Continuing Operations	36.81	30.43	51.76	58.27	61.53	62.53
Minority Interest in Earnings	-4.44	-1.54	-0.05	-	-	-
Net Income	32.37	28.9	51.71	58.27	61.53	62.53
Net Income to Common	32.37	28.9	51.71	58.27	61.53	62.53
Net Income Growth	-35.04%	-44.12%	-11.25%	-5.29%	-1.60%	3.60%
Shares Outstanding (Basic)	88	88	88	77	66	66
Shares Outstanding (Diluted)	88	88	88	77	66	66
Shares Change (YoY)	-0.02%	-0.01%	14.28%	16.39%	0.52%	-0.77%
EPS (Basic)	0.37	0.33	0.59	0.76	0.93	0.95
EPS (Diluted)	0.37	0.33	0.59	0.76	0.93	0.95
EPS Growth	-35.03%	-44.11%	-22.35%	-18.63%	-2.10%	4.40%
Free Cash Flow	60.63	64.18	32.31	31.35	50.72	31.95
Free Cash Flow Per Share	0.69	0.73	0.37	0.41	0.77	0.48
Dividend Per Share	0.300	0.300	0.400	0.350	-	0.300
Dividend Growth	-25.00%	-25.00%	14.29%	-	-	-25.00%
Gross Margin	43.43%	39.06%	35.58%	36.27%	39.92%	44.75%
Operating Margin	9.70%	8.94%	10.68%	12.56%	20.29%	23.20%
Profit Margin	17.86%	15.59%	17.61%	18.59%	20.03%	22.70%
Free Cash Flow Margin	33.45%	34.63%	11.00%	10.00%	16.51%	11.60%
EBITDA	24.53	23.53	38.41	46.59	69.39	70.37
EBITDA Margin	13.53%	12.70%	13.08%	14.86%	22.59%	25.55%
D&A For EBITDA	6.95	6.97	7.05	7.23	7.09	6.48
EBIT	17.58	16.57	31.36	39.36	62.31	63.89
EBIT Margin	9.70%	8.94%	10.68%	12.56%	20.29%	23.20%
Effective Tax Rate	7.19%	6.08%	5.82%	1.62%	10.91%	12.46%
Revenue as Reported	181.24	185.34	293.66	313.47	307.14	275.41
Advertising Expenses	-	-	0.82	2.51	0.16	-

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