SHE:301456 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	692.18	640.81	479.94	408.23	342.58	325.87
Other Revenue	2.28	2.28	1.58	1.09	0.85	0.76
Revenue	694.47	643.09	481.52	409.32	343.43	326.63
Revenue Growth (YoY)	34.28%	33.55%	17.64%	19.19%	5.14%	-6.18%
Cost of Revenue	443.16	414.02	307.12	229.81	171.39	136.04
Gross Profit	251.31	229.07	174.4	179.51	172.05	190.59
Selling, General & Admin	121.32	114.34	98.33	49.01	38.48	33.48
Research & Development	43.1	40.67	35.05	19.78	17.96	14.45
Other Operating Expenses	5.81	2.97	0.57	2.18	3.37	3.34
Operating Expenses	174.29	161.8	138.57	74.83	62.36	51.23
Operating Income	77.01	67.27	35.83	104.68	109.68	139.37
Interest Expense	-0.45	-0.15	-0.69	-0.09	-0.38	-0.24
Interest & Investment Income	21.48	23.59	30.81	13.21	3.34	1.62
Currency Exchange Gain (Loss)	1.59	1.59	-0.22	0.99	0.53	-0.55
Other Non Operating Income (Expenses)	-1.3	2.98	-0.34	-0.1	-0.14	0.02
EBT Excluding Unusual Items	98.35	95.28	65.38	118.69	113.04	140.21
Gain (Loss) on Sale of Investments	0.92	0.82	1.2	2.89	0.53	-
Gain (Loss) on Sale of Assets	0.27	0.27	-0.02	0.1	0.03	-
Asset Writedown	0.17	-0.37	-	-0	-0.02	0.01
Other Unusual Items	3.78	2.6	3.65	5.21	8.3	18.67
Pretax Income	103.49	98.61	70.2	126.9	121.88	158.89
Income Tax Expense	12.74	12.37	7.24	16.17	13.64	21.93
Earnings From Continuing Operations	90.75	86.24	62.96	110.72	108.23	136.97
Earnings From Discontinued Operations	-	-	-	-	-	0.24
Net Income to Company	90.75	86.24	62.96	110.72	108.23	137.2
Minority Interest in Earnings	-2.74	-2.87	-0.39	-0	0.01	-
Net Income	88.01	83.36	62.57	110.72	108.24	137.2
Net Income to Common	88.01	83.36	62.57	110.72	108.24	137.2
Net Income Growth	41.01%	33.24%	-43.49%	2.29%	-21.11%	-13.04%
Shares Outstanding (Basic)	149	149	149	127	112	112
Shares Outstanding (Diluted)	152	152	149	127	112	112
Shares Change (YoY)	2.44%	1.75%	17.05%	14.05%	0.04%	12.41%
EPS (Basic)	0.59	0.56	0.42	0.87	0.97	1.23
EPS (Diluted)	0.58	0.55	0.42	0.87	0.97	1.23
EPS Growth	37.65%	30.95%	-51.72%	-10.31%	-21.14%	-22.64%
Free Cash Flow	-83.88	-82	-128.42	-13.5	130.08	-7.5
Free Cash Flow Per Share	-0.55	-0.54	-0.86	-0.11	1.17	-0.07
Dividend Per Share	0.200	0.200	0.335	0.335	-	-
Dividend Growth	-40.30%	-40.30%	-	-	-	-
Gross Margin	36.19%	35.62%	36.22%	43.86%	50.10%	58.35%
Operating Margin	11.09%	10.46%	7.44%	25.57%	31.94%	42.67%
Profit Margin	12.67%	12.96%	12.99%	27.05%	31.52%	42.01%
Free Cash Flow Margin	-12.08%	-12.75%	-26.67%	-3.30%	37.88%	-2.30%
EBITDA	112.51	100	57.5	122.93	124.17	150.26
EBITDA Margin	16.20%	15.55%	11.94%	30.03%	36.16%	46.00%
D&A For EBITDA	35.49	32.73	21.67	18.25	14.49	10.89
EBIT	77.01	67.27	35.83	104.68	109.68	139.37
EBIT Margin	11.09%	10.46%	7.44%	25.57%	31.94%	42.67%
Effective Tax Rate	12.31%	12.55%	10.32%	12.75%	11.19%	13.80%
Revenue as Reported	694.47	643.09	481.52	409.32	343.43	326.63
Advertising Expenses	-	4.15	4.41	1.24	0.88	0.78