SHE:301361 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	286.2	237.79	218.62	198.61	202.25
Other Revenue	3.74	0.98	1.44	1.83	1.15
Revenue	289.94	238.77	220.06	200.44	203.4
Revenue Growth (YoY)	21.43%	8.50%	9.79%	-1.46%	15.76%
Cost of Revenue	123.04	103.44	101.2	91.88	88.38
Gross Profit	166.9	135.33	118.86	108.56	115.02
Selling, General & Admin	56.97	49.63	46.79	34.02	32.37
Research & Development	28.27	24.07	21.37	15.65	12.88
Other Operating Expenses	-6.05	-6.86	-4.37	-6.65	-4.91
Operating Expenses	79.53	67.21	64.07	43.22	40.05
Operating Income	87.37	68.12	54.8	65.34	74.98
Interest Expense	-0.01	-	-	-	-
Interest & Investment Income	19.09	18.04	18.47	2.73	1.6
Currency Exchange Gain (Loss)	0.2	0.08	0.13	-0.1	-0.14
Other Non Operating Income (Expenses)	-0.09	0.42	0.46	-0.18	-0.06
EBT Excluding Unusual Items	106.57	86.65	73.86	67.79	76.38
Gain (Loss) on Sale of Investments	0.72	0.77	2.08	-	-
Gain (Loss) on Sale of Assets	-0.02	-	-	-	-
Asset Writedown	-0.02	-0.06	-0.13	-0.03	-0.48
Other Unusual Items	1.11	2.86	7.29	0.42	2.73
Pretax Income	108.35	90.22	83.11	68.17	78.63
Income Tax Expense	11.88	10.5	9.94	8.22	10.5
Net Income	96.47	79.72	73.17	59.96	68.12
Net Income to Common	96.47	79.72	73.17	59.96	68.12
Net Income Growth	21.02%	8.95%	22.04%	-11.99%	12.59%
Shares Outstanding (Basic)	116	116	116	89	87
Shares Outstanding (Diluted)	116	116	116	89	87
Shares Change (YoY)	0.60%	-0.52%	29.79%	2.46%	2.49%
EPS (Basic)	0.83	0.69	0.63	0.67	0.78
EPS (Diluted)	0.83	0.69	0.63	0.67	0.78
EPS Growth	20.29%	9.52%	-5.97%	-14.10%	9.86%
Free Cash Flow	89.26	59.29	23.82	-11.19	22.32
Free Cash Flow Per Share	0.77	0.51	0.20	-0.13	0.26
Dividend Per Share	0.190	0.138	0.070	0.050	-
Dividend Growth	37.68%	97.14%	40.00%	-	-
Gross Margin	57.56%	56.68%	54.01%	54.16%	56.55%
Operating Margin	30.14%	28.53%	24.90%	32.60%	36.86%
Profit Margin	33.27%	33.39%	33.25%	29.91%	33.49%
Free Cash Flow Margin	30.79%	24.83%	10.82%	-5.58%	10.97%
EBITDA	99.31	80.26	64.79	69.16	78.55
EBITDA Margin	34.25%	33.62%	29.44%	34.50%	38.62%
D&A For EBITDA	11.93	12.15	9.99	3.82	3.57
EBIT	87.37	68.12	54.8	65.34	74.98
EBIT Margin	30.14%	28.53%	24.90%	32.60%	36.86%
Effective Tax Rate	10.96%	11.64%	11.96%	12.05%	13.36%
Revenue as Reported	289.94	238.77	220.06	200.44	-
Advertising Expenses	3.34	2.99	2.21	1.21	1.29

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