SHE:301508 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	879.45	803.61	722.69	605.96	507.52
Other Revenue	-	27.47	31.03	31.76	28.15
Revenue	879.45	831.08	753.72	637.71	535.66
Revenue Growth (YoY)	5.82%	10.26%	18.19%	19.05%	24.69%
Cost of Revenue	-	487.92	414.19	365.29	299.27
Gross Profit	879.45	343.16	339.53	272.42	236.39
Selling, General & Admin	-	120.05	111.4	99.71	88.53
Research & Development	-	58.32	63.57	47.38	38.24
Other Operating Expenses	688.72	9.74	1.64	-0.4	0.81
Operating Expenses	688.72	192.09	190.37	147.43	131.04
Operating Income	190.73	151.07	149.17	124.99	105.35
Interest Expense	-	-0.47	-0.56	-0.51	-0.88
Interest & Investment Income	-	5.76	7.78	6.29	7.03
Currency Exchange Gain (Loss)	-	0.23	0.44	1.45	-0.33
Other Non Operating Income (Expenses)	-1.78	-0.48	-0.27	-0.21	-0.12
EBT Excluding Unusual Items	188.95	156.1	156.56	132.02	111.05
Gain (Loss) on Sale of Investments	-	1.23	-	-	-
Gain (Loss) on Sale of Assets	-	-0.05	-0.02	0.02	-
Asset Writedown	-	-	-0.04	-0.1	-0.01
Other Unusual Items	-	7.9	22.45	19.59	16.41
Pretax Income	188.95	165.18	178.94	151.53	127.45
Income Tax Expense	37.03	30.42	29.02	25.58	21.11
Earnings From Continuing Operations	151.92	134.76	149.93	125.95	106.34
Minority Interest in Earnings	-	-2.32	-10.52	-8.69	-4.31
Net Income	151.92	132.43	139.41	117.26	102.03
Net Income to Common	151.92	132.43	139.41	117.26	102.03
Net Income Growth	14.71%	-5.00%	18.89%	14.93%	25.01%
Shares Outstanding (Basic)	226	226	174	170	170
Shares Outstanding (Diluted)	226	226	174	170	170
Shares Change (YoY)	0.01%	29.71%	2.78%	0.00%	27.19%
EPS (Basic)	0.67	0.59	0.80	0.69	0.60
EPS (Diluted)	0.67	0.59	0.80	0.69	0.60
EPS Growth	14.70%	-26.77%	15.68%	14.92%	-1.71%
Free Cash Flow	-	-748.35	28.08	84.84	16.99
Free Cash Flow Per Share	-	-3.31	0.16	0.50	0.10
Dividend Per Share	-	0.211	0.409	-	-
Dividend Growth	-	-48.41%	-	-	-
Gross Margin	100.00%	41.29%	45.05%	42.72%	44.13%
Operating Margin	21.69%	18.18%	19.79%	19.60%	19.67%
Profit Margin	17.27%	15.93%	18.50%	18.39%	19.05%
Free Cash Flow Margin	-	-90.05%	3.73%	13.30%	3.17%
EBITDA	279.89	240.23	191.87	155.97	127.68
EBITDA Margin	31.83%	28.91%	25.46%	24.46%	23.84%
D&A For EBITDA	89.16	89.16	42.71	30.98	22.33
EBIT	190.73	151.07	149.17	124.99	105.35
EBIT Margin	21.69%	18.18%	19.79%	19.60%	19.67%
Effective Tax Rate	19.60%	18.42%	16.21%	16.88%	16.56%
Revenue as Reported	-	831.08	753.72	637.71	535.66
Advertising Expenses	-	0.53	2.04	1.23	0.14

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