SHE:301373 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	538.95	500.04	478.8	465.55	400.72	408.7
Other Revenue	0.23	0.23	0.1	0.35	0.52	0.49
Revenue	539.19	500.28	478.9	465.9	401.24	409.19
Revenue Growth (YoY)	10.64%	4.46%	2.79%	16.11%	-1.94%	16.85%
Cost of Revenue	293.85	275.53	265.05	274.54	249.6	265.98
Gross Profit	245.34	224.75	213.85	191.36	151.64	143.21
Selling, General & Admin	56.43	52.81	50.45	45.69	37.22	33.33
Research & Development	31.21	29.77	25.38	24.07	15.7	13.73
Other Operating Expenses	5.43	3.96	2.5	2.11	3.18	3.78
Operating Expenses	94.03	86.35	79	72.08	56.07	51
Operating Income	151.31	138.39	134.85	119.28	95.57	92.21
Interest Expense	-1.04	-1.07	-0.73	-1.17	-0.32	-0.31
Interest & Investment Income	24.93	25.65	27.34	26.67	7.47	2.5
Currency Exchange Gain (Loss)	-3.84	-3.84	1.6	0.76	2.69	-0.06
Other Non Operating Income (Expenses)	-4.09	-0.41	-0.17	-0.24	-0.19	-0.28
EBT Excluding Unusual Items	167.28	158.73	162.89	145.3	105.22	94.06
Gain (Loss) on Sale of Investments	-0.8	-0.47	-0.1	0.77	-	-15.98
Gain (Loss) on Sale of Assets	0.05	0.07	0.04	0.06	0.03	-
Asset Writedown	-0.11	0.02	0.02	-0.22	-0.68	-0.12
Other Unusual Items	5.32	5.31	1.96	4.31	4.3	3.34
Pretax Income	171.74	163.66	164.81	150.23	108.87	81.29
Income Tax Expense	26.29	26.28	29.8	25.23	17.8	13.26
Earnings From Continuing Operations	145.45	137.38	135.01	125	91.07	68.03
Minority Interest in Earnings	-1.36	-0.13	-0.12	-0.12	-0.08	-0.49
Net Income	144.1	137.24	134.89	124.87	90.99	67.54
Net Income to Common	144.1	137.24	134.89	124.87	90.99	67.54
Net Income Growth	5.35%	1.75%	8.02%	37.24%	34.71%	-15.15%
Shares Outstanding (Basic)	108	108	109	106	81	81
Shares Outstanding (Diluted)	108	108	109	106	81	81
Shares Change (YoY)	-0.19%	-0.65%	2.79%	30.26%	-0.17%	0.18%
EPS (Basic)	1.33	1.27	1.24	1.18	1.12	0.83
EPS (Diluted)	1.33	1.27	1.24	1.18	1.12	0.83
EPS Growth	5.55%	2.42%	5.08%	5.36%	34.94%	-15.31%
Free Cash Flow	23.63	7.95	40.8	-83.08	49.09	73.9
Free Cash Flow Per Share	0.22	0.07	0.38	-0.79	0.60	0.91
Dividend Per Share	0.500	0.500	0.500	0.600	0.300	-
Dividend Growth	-	-	-16.67%	100.00%	-	-
Gross Margin	45.50%	44.92%	44.65%	41.07%	37.79%	35.00%
Operating Margin	28.06%	27.66%	28.16%	25.60%	23.82%	22.54%
Profit Margin	26.72%	27.43%	28.17%	26.80%	22.68%	16.51%
Free Cash Flow Margin	4.38%	1.59%	8.52%	-17.83%	12.23%	18.06%
EBITDA	182.95	167.5	153.83	129	105.45	101.79
EBITDA Margin	33.93%	33.48%	32.12%	27.69%	26.28%	24.88%
D&A For EBITDA	31.64	29.11	18.98	9.72	9.88	9.57
EBIT	151.31	138.39	134.85	119.28	95.57	92.21
EBIT Margin	28.06%	27.66%	28.16%	25.60%	23.82%	22.54%
Effective Tax Rate	15.30%	16.06%	18.08%	16.80%	16.35%	16.31%
Revenue as Reported	539.19	500.28	478.9	465.9	401.24	409.19
Advertising Expenses	-	1.38	1.18	1.11	0.42	0.71

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