SHE:301359 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	333.46	332.95	311.63	253.28	241.22	299.49
Other Revenue	9.98	9.98	6.04	6.54	5.85	2.66
Revenue	343.44	342.93	317.67	259.81	247.08	302.16
Revenue Growth (YoY)	4.94%	7.95%	22.27%	5.16%	-18.23%	20.04%
Cost of Revenue	260.67	254.22	230.79	183.86	170.51	197.49
Gross Profit	82.77	88.71	86.88	75.95	76.57	104.66
Selling, General & Admin	32.68	32.56	28.36	25.44	25.08	28.15
Research & Development	17.84	18.12	16.55	15.24	14.74	13.7
Other Operating Expenses	0.76	0.67	2.23	2.76	-2.92	3.04
Operating Expenses	51.77	51.84	49.13	45	36.37	42.45
Operating Income	31	36.87	37.75	30.95	40.2	62.21
Interest Expense	-0.02	-0.02	-0.01	-0.01	-0.07	-0.19
Interest & Investment Income	4.39	4.04	9.28	11.69	1.94	0.31
Currency Exchange Gain (Loss)	-0.01	-0.01	0.5	0.27	0.57	-0.28
Other Non Operating Income (Expenses)	-1.2	-0.12	-0.09	-0.07	-0.03	-0.05
EBT Excluding Unusual Items	34.15	40.76	47.43	42.84	42.6	62.01
Gain (Loss) on Sale of Investments	4.45	3.79	2.71	-	-	-
Gain (Loss) on Sale of Assets	0.04	-	0.17	0.04	0.34	-0.04
Asset Writedown	-1.1	-0.18	-0.02	-0.13	-0.04	-0.21
Other Unusual Items	0.48	0.48	1	0.59	-	6.48
Pretax Income	38.02	44.85	51.29	43.33	42.9	68.23
Income Tax Expense	3.49	4.41	5.44	4.27	3.48	7.94
Net Income	34.53	40.44	45.85	39.06	39.42	60.28
Net Income to Common	34.53	40.44	45.85	39.06	39.42	60.28
Net Income Growth	-26.20%	-11.79%	17.38%	-0.90%	-34.62%	-5.65%
Shares Outstanding (Basic)	120	119	121	119	92	90
Shares Outstanding (Diluted)	120	119	121	119	92	90
Shares Change (YoY)	-1.16%	-1.41%	1.50%	29.26%	2.43%	1.27%
EPS (Basic)	0.29	0.34	0.38	0.33	0.43	0.67
EPS (Diluted)	0.29	0.34	0.38	0.33	0.43	0.67
EPS Growth	-25.33%	-10.53%	15.64%	-23.33%	-36.16%	-6.83%
Free Cash Flow	2.52	30.53	20.79	35.96	64.8	3.7
Free Cash Flow Per Share	0.02	0.26	0.17	0.30	0.70	0.04
Dividend Per Share	0.300	0.300	0.500	0.357	0.179	-
Dividend Growth	-40.00%	-40.00%	40.02%	99.94%	-	-
Gross Margin	24.10%	25.87%	27.35%	29.23%	30.99%	34.64%
Operating Margin	9.03%	10.75%	11.88%	11.91%	16.27%	20.59%
Profit Margin	10.05%	11.79%	14.43%	15.04%	15.95%	19.95%
Free Cash Flow Margin	0.73%	8.90%	6.54%	13.84%	26.23%	1.22%
EBITDA	52.92	58.96	60.54	53.5	60.62	78.51
EBITDA Margin	15.41%	17.19%	19.06%	20.59%	24.54%	25.98%
D&A For EBITDA	21.92	22.09	22.8	22.55	20.42	16.29
EBIT	31	36.87	37.75	30.95	40.2	62.21
EBIT Margin	9.03%	10.75%	11.88%	11.91%	16.27%	20.59%
Effective Tax Rate	9.19%	9.83%	10.61%	9.85%	8.12%	11.64%
Revenue as Reported	342.93	342.93	317.67	259.81	-	302.16
Advertising Expenses	-	1.36	1.76	0.63	0.23	0.55

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