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	879.89	803.61	722.69	605.96	507.52
Other Revenue	-	27.47	31.03	31.76	28.15
Revenue	879.89	831.08	753.72	637.71	535.66
Revenue Growth (YoY)	5.87%	10.26%	18.19%	19.05%	24.69%
Cost of Revenue	497.22	487.92	414.19	365.29	299.27
Gross Profit	382.67	343.16	339.53	272.42	236.39
Selling, General & Admin	116.05	120.05	111.4	99.71	88.53
Research & Development	71.04	58.32	63.57	47.38	38.24
Other Operating Expenses	0.65	9.74	1.64	-0.4	0.81
Operating Expenses	187.74	192.09	190.37	147.43	131.04
Operating Income	194.93	151.07	149.17	124.99	105.35
Interest Expense	-	-0.47	-0.56	-0.51	-0.88
Interest & Investment Income	9.51	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)	-19.03	-0.48	-0.27	-0.21	-0.12
EBT Excluding Unusual Items	185.41	156.1	156.56	132.02	111.05
Gain (Loss) on Sale of Investments	3.79	1.23	-	-	-
Gain (Loss) on Sale of Assets	-0.04	-0.05	-0.02	0.02	-
Asset Writedown	0.05	-	-0.04	-0.1	-0.01
Other Unusual Items	-	7.9	22.45	19.59	16.41
Pretax Income	189.22	165.18	178.94	151.53	127.45
Income Tax Expense	32.58	30.42	29.02	25.58	21.11
Earnings From Continuing Operations	156.64	134.76	149.93	125.95	106.34
Minority Interest in Earnings	-5.03	-2.32	-10.52	-8.69	-4.31
Net Income	151.61	132.43	139.41	117.26	102.03
Net Income to Common	151.61	132.43	139.41	117.26	102.03
Net Income Growth	14.49%	-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	14.48%	-26.77%	15.68%	14.92%	-1.71%
Free Cash Flow	-51.14	-748.35	28.08	84.84	16.99
Free Cash Flow Per Share	-0.23	-3.31	0.16	0.50	0.10
Dividend Per Share	-	0.211	0.409	-	-
Dividend Growth	-	-48.41%	-	-	-
Gross Margin	43.49%	41.29%	45.05%	42.72%	44.13%
Operating Margin	22.15%	18.18%	19.79%	19.60%	19.67%
Profit Margin	17.23%	15.93%	18.50%	18.39%	19.05%
Free Cash Flow Margin	-5.81%	-90.05%	3.73%	13.30%	3.17%
EBITDA	293.81	240.23	191.87	155.97	127.68
EBITDA Margin	33.39%	28.91%	25.46%	24.46%	23.84%
D&A For EBITDA	98.87	89.16	42.71	30.98	22.33
EBIT	194.93	151.07	149.17	124.99	105.35
EBIT Margin	22.15%	18.18%	19.79%	19.60%	19.67%
Effective Tax Rate	17.22%	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.