SHE:301469 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	1,058	1,043	889.78	796.99	913.63	715.8
Other Revenue	107.68	107.68	117.85	71.75	39.55	41.94
Revenue	1,166	1,151	1,008	868.74	953.18	757.74
Revenue Growth (YoY)	16.97%	14.24%	15.99%	-8.86%	25.79%	12.77%
Cost of Revenue	980.48	977.67	863.91	709.56	773.69	572.87
Gross Profit	185.2	173.49	143.71	159.18	179.48	184.87
Selling, General & Admin	45.62	45.46	40.25	32.65	29.87	35.16
Research & Development	41.12	39.91	38.79	35.45	39.2	29.92
Other Operating Expenses	1.93	2.6	0.08	-2.97	4.47	3.81
Operating Expenses	91.21	91.13	80.1	65.75	75.58	69.46
Operating Income	93.99	82.35	63.61	93.43	103.9	115.41
Interest Expense	-3.16	-2.42	-0.19	-4.2	-5.77	-6.99
Interest & Investment Income	3.26	3.44	6.99	6.51	3.28	2.16
Currency Exchange Gain (Loss)	-1.76	-1.76	-4.33	-8.33	-4.89	0.72
Other Non Operating Income (Expenses)	2.43	-0.73	-0.57	-1.21	-0.88	-0.71
EBT Excluding Unusual Items	94.76	80.87	65.52	86.2	95.64	110.6
Gain (Loss) on Sale of Investments	4.41	4.56	4.67	-	-	-
Gain (Loss) on Sale of Assets	0.05	0.05	0.22	-	0	0.12
Asset Writedown	-	-	-0	0.01	-0	0.01
Other Unusual Items	5.16	5.15	4.13	10.71	11.12	7.83
Pretax Income	104.38	90.63	74.54	96.92	106.76	118.56
Income Tax Expense	12.27	10.32	6.08	9.29	9.31	14.94
Net Income	92.11	80.31	68.46	87.63	97.45	103.62
Net Income to Common	92.11	80.31	68.46	87.63	97.45	103.62
Net Income Growth	41.69%	17.32%	-21.88%	-10.08%	-5.95%	15.40%
Shares Outstanding (Basic)	90	89	89	74	67	67
Shares Outstanding (Diluted)	90	89	89	74	67	67
Shares Change (YoY)	0.59%	0.37%	19.72%	10.50%	0.15%	-
EPS (Basic)	1.03	0.90	0.77	1.18	1.45	1.54
EPS (Diluted)	1.03	0.90	0.77	1.18	1.45	1.54
EPS Growth	40.87%	16.88%	-34.75%	-18.62%	-5.84%	15.10%
Free Cash Flow	-14.43	-51.66	139.14	-390.69	73.71	83.73
Free Cash Flow Per Share	-0.16	-0.58	1.56	-5.26	1.10	1.25
Dividend Per Share	0.400	0.400	0.350	0.559	-	0.750
Dividend Growth	14.29%	14.29%	-37.39%	-	-	-
Gross Margin	15.89%	15.07%	14.26%	18.32%	18.83%	24.40%
Operating Margin	8.06%	7.15%	6.31%	10.76%	10.90%	15.23%
Profit Margin	7.90%	6.98%	6.79%	10.09%	10.22%	13.68%
Free Cash Flow Margin	-1.24%	-4.49%	13.81%	-44.97%	7.73%	11.05%
EBITDA	147.77	133.59	104.72	123.74	133.94	139.96
EBITDA Margin	12.68%	11.61%	10.39%	14.24%	14.05%	18.47%
D&A For EBITDA	53.77	51.24	41.11	30.32	30.04	24.55
EBIT	93.99	82.35	63.61	93.43	103.9	115.41
EBIT Margin	8.06%	7.15%	6.31%	10.76%	10.90%	15.23%
Effective Tax Rate	11.76%	11.38%	8.15%	9.58%	8.72%	12.60%
Revenue as Reported	1,166	1,151	1,008	868.74	953.18	-
Advertising Expenses	-	0.63	0.86	0.04	0.21	0.04