SHE:301329 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	897.33	773.41	759.3	855.19	934
Other Revenue	-	13.48	14.66	18.55	17.34
Revenue	897.33	786.89	773.96	873.74	951.34
Revenue Growth (YoY)	14.04%	1.67%	-11.42%	-8.16%	9.65%
Cost of Revenue	679.31	600.13	560.8	652.06	703.39
Gross Profit	218.02	186.75	213.16	221.68	247.95
Selling, General & Admin	114.86	93.19	99.7	91.2	98.54
Research & Development	33.45	30.78	28.55	31.71	29.76
Other Operating Expenses	3.53	4.35	4.82	6.08	5.64
Operating Expenses	151.84	128.91	132.92	127.99	133.85
Operating Income	66.18	57.84	80.24	93.69	114.1
Interest Expense	-	-0.38	-0.36	-0.42	-0.55
Interest & Investment Income	6.95	18.62	8.38	1.85	17.78
Currency Exchange Gain (Loss)	-	6.73	4.17	31.58	-8.67
Other Non Operating Income (Expenses)	0.17	-0.41	-0.48	-0.33	-0.36
EBT Excluding Unusual Items	73.29	82.4	91.94	126.36	122.3
Gain (Loss) on Sale of Investments	2.06	-2.31	-8.15	-18.25	-4.7
Gain (Loss) on Sale of Assets	-0.59	-1.96	-0.05	-0.4	-0.17
Asset Writedown	-4.58	-2.17	-1.86	-2.02	-1.83
Other Unusual Items	-	1.41	0.19	2.77	1.22
Pretax Income	70.18	77.37	82.07	108.46	116.82
Income Tax Expense	8.54	7.61	9.52	12.03	13.1
Earnings From Continuing Operations	61.64	69.76	72.55	96.44	103.72
Minority Interest in Earnings	0	0	-	-	-
Net Income	61.64	69.76	72.55	96.44	103.72
Net Income to Common	61.64	69.76	72.55	96.44	103.72
Net Income Growth	-11.64%	-3.85%	-24.77%	-7.03%	1.31%
Shares Outstanding (Basic)	171	170	145	127	140
Shares Outstanding (Diluted)	171	170	145	127	140
Shares Change (YoY)	0.63%	17.26%	14.35%	-9.47%	-0.06%
EPS (Basic)	0.36	0.41	0.50	0.76	0.74
EPS (Diluted)	0.36	0.41	0.50	0.76	0.74
EPS Growth	-12.20%	-18.00%	-34.21%	2.70%	1.37%
Free Cash Flow	-11.16	60.24	109.28	167.85	87.88
Free Cash Flow Per Share	-0.07	0.35	0.75	1.32	0.63
Dividend Per Share	-	0.400	0.240	-	-
Dividend Growth	-	66.67%	-	-	-
Gross Margin	24.30%	23.73%	27.54%	25.37%	26.06%
Operating Margin	7.38%	7.35%	10.37%	10.72%	11.99%
Profit Margin	6.87%	8.87%	9.37%	11.04%	10.90%
Free Cash Flow Margin	-1.24%	7.66%	14.12%	19.21%	9.24%
EBITDA	107.6	89.54	114.16	133.42	152.56
EBITDA Margin	11.99%	11.38%	14.75%	15.27%	16.04%
D&A For EBITDA	41.42	31.7	33.92	39.73	38.46
EBIT	66.18	57.84	80.24	93.69	114.1
EBIT Margin	7.38%	7.35%	10.37%	10.72%	11.99%
Effective Tax Rate	12.17%	9.83%	11.60%	11.09%	11.21%
Revenue as Reported	-	786.89	773.96	873.74	-
Advertising Expenses	-	12.74	16.65	16.08	21.3

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