SHE:301380 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	1,121	1,095	983.23	854.32	653.17	668.03
Other Revenue	-	-	3.41	-	-	-
Revenue	1,121	1,095	986.64	854.32	653.17	668.03
Revenue Growth (YoY)	6.15%	11.02%	15.49%	30.80%	-2.23%	30.69%
Cost of Revenue	966.15	936.12	814.09	710.12	537.38	545.6
Gross Profit	154.57	159.22	172.55	144.21	115.79	122.43
Selling, General & Admin	53.3	51.07	39.81	37.17	21.31	15.98
Research & Development	31.5	31.56	36.65	29.89	26.1	22.35
Other Operating Expenses	4.45	4.22	1.79	-0.31	0.24	-3.2
Operating Expenses	89.25	86.85	83.66	65.96	55.17	36.91
Operating Income	65.31	72.37	88.89	78.24	60.62	85.52
Interest Expense	-	-	-5.55	-2.1	-0.12	-0.11
Interest & Investment Income	1.45	1.51	5.92	11.18	2.11	1.45
Currency Exchange Gain (Loss)	-	-	-0.04	0.01	-	-
Other Non Operating Income (Expenses)	-11.98	-11.19	-1.61	-1.21	-1.13	2.36
EBT Excluding Unusual Items	54.79	62.68	87.62	86.12	61.48	89.21
Impairment of Goodwill	-	-	-4.8	-	-	-
Gain (Loss) on Sale of Investments	0.04	0.01	0.15	0.38	0.13	0.69
Gain (Loss) on Sale of Assets	0.12	-0.02	-	-	-	-
Other Unusual Items	-	-	1.88	2.51	3.8	-
Pretax Income	54.95	62.67	84.85	89.01	65.41	89.9
Income Tax Expense	17.68	19.64	18.08	11.84	6.7	11.1
Earnings From Continuing Operations	37.27	43.03	66.77	77.17	58.71	78.8
Minority Interest in Earnings	-	-	-0.4	-18.1	-11.11	-13.65
Net Income	37.27	43.03	66.37	59.07	47.6	65.15
Net Income to Common	37.27	43.03	66.37	59.07	47.6	65.15
Net Income Growth	-47.46%	-35.17%	12.35%	24.10%	-26.94%	-9.74%
Shares Outstanding (Basic)	110	102	101	100	78	74
Shares Outstanding (Diluted)	110	102	101	100	78	74
Shares Change (YoY)	16.54%	1.14%	1.70%	26.98%	6.28%	0.13%
EPS (Basic)	0.34	0.42	0.66	0.59	0.61	0.88
EPS (Diluted)	0.34	0.42	0.66	0.59	0.61	0.88
EPS Growth	-54.92%	-35.90%	10.47%	-2.27%	-31.25%	-9.85%
Free Cash Flow	37.14	39.38	-269.87	46.73	24.12	-9.8
Free Cash Flow Per Share	0.34	0.38	-2.66	0.47	0.31	-0.13
Dividend Per Share	-	-	0.241	0.393	0.269	-
Dividend Growth	-	-	-38.59%	46.13%	-	-
Gross Margin	13.79%	14.54%	17.49%	16.88%	17.73%	18.33%
Operating Margin	5.83%	6.61%	9.01%	9.16%	9.28%	12.80%
Profit Margin	3.33%	3.93%	6.73%	6.91%	7.29%	9.75%
Free Cash Flow Margin	3.31%	3.60%	-27.35%	5.47%	3.69%	-1.47%
EBITDA	78.67	84.65	96.93	81.65	61.19	86.18
EBITDA Margin	7.02%	7.73%	9.83%	9.56%	9.37%	12.90%
D&A For EBITDA	13.35	12.29	8.04	3.4	0.57	0.66
EBIT	65.31	72.37	88.89	78.24	60.62	85.52
EBIT Margin	5.83%	6.61%	9.01%	9.16%	9.28%	12.80%
Effective Tax Rate	32.17%	31.34%	21.31%	13.31%	10.25%	12.34%
Revenue as Reported	-	-	986.64	854.32	653.17	668.03
Advertising Expenses	-	-	0.14	0.79	0.41	0.71

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