SHE:301479 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,692	1,082	765.34	434.37	223.73
Other Revenue	-	9.97	7.68	12.13	27.99
Revenue	1,692	1,092	773.02	446.5	251.72
Revenue Growth (YoY)	54.93%	41.25%	73.13%	77.38%	7.02%
Cost of Revenue	-	773.37	542.09	330.42	188.82
Gross Profit	1,692	318.55	230.93	116.08	62.9
Selling, General & Admin	-	62.81	48.08	32.08	24
Research & Development	-	67.8	50	28.07	20.76
Other Operating Expenses	1,476	-0.14	0.31	-4.81	-0.28
Operating Expenses	1,476	133.79	99.66	59.4	45.06
Operating Income	216.05	184.76	131.28	56.68	17.84
Interest Expense	-	-5.25	-4.29	-3.32	-2.22
Interest & Investment Income	-	1.72	1.23	0.25	0.24
Currency Exchange Gain (Loss)	-	1.96	-0.16	-	-
Other Non Operating Income (Expenses)	-0.62	-0.13	-0.14	4.21	-0.39
EBT Excluding Unusual Items	215.42	183.06	127.91	57.81	15.48
Gain (Loss) on Sale of Investments	-	-	-	-0.22	-
Gain (Loss) on Sale of Assets	-	0.31	-0.75	0.1	0.24
Asset Writedown	-	-0.52	-1.89	-0.13	-0.04
Other Unusual Items	-	1.36	5.15	-0.01	-
Pretax Income	215.42	184.21	130.43	57.55	15.68
Income Tax Expense	22.57	18.99	14	1.1	0.42
Net Income	192.86	165.22	116.43	56.45	15.26
Net Income to Common	192.86	165.22	116.43	56.45	15.26
Net Income Growth	16.73%	41.90%	106.24%	269.99%	2.36%
Shares Outstanding (Basic)	83	67	67	63	55
Shares Outstanding (Diluted)	83	67	67	63	55
Shares Change (YoY)	25.25%	-0.22%	6.50%	14.53%	4.97%
EPS (Basic)	2.31	2.48	1.74	0.90	0.28
EPS (Diluted)	2.31	2.48	1.74	0.90	0.28
EPS Growth	-6.80%	42.21%	93.66%	223.04%	-2.48%
Free Cash Flow	-	82.63	9.26	-77.25	-50.44
Free Cash Flow Per Share	-	1.24	0.14	-1.23	-0.92
Dividend Per Share	-	1.071	-	-	-
Gross Margin	100.00%	29.17%	29.87%	26.00%	24.99%
Operating Margin	12.77%	16.92%	16.98%	12.70%	7.09%
Profit Margin	11.40%	15.13%	15.06%	12.64%	6.06%
Free Cash Flow Margin	-	7.57%	1.20%	-17.30%	-20.04%
EBITDA	255.42	224.13	160.92	71.31	27.41
EBITDA Margin	15.10%	20.53%	20.82%	15.97%	10.89%
D&A For EBITDA	39.37	39.37	29.64	14.63	9.57
EBIT	216.05	184.76	131.28	56.68	17.84
EBIT Margin	12.77%	16.92%	16.98%	12.70%	7.09%
Effective Tax Rate	10.48%	10.31%	10.73%	1.90%	2.69%
Revenue as Reported	-	1,092	773.02	446.5	251.72
Advertising Expenses	-	0.22	0.43	-	-

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