SHE:301535 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	741.17	743.39	670.07	542.37	481.79	439.34
Other Revenue	19.16	19.16	11.63	10.95	9.44	14.66
Revenue	760.33	762.55	681.7	553.31	491.23	454.01
Revenue Growth (YoY)	6.49%	11.86%	23.20%	12.64%	8.20%	31.31%
Cost of Revenue	573.4	569.55	480.97	393.68	358.85	316.97
Gross Profit	186.92	193	200.73	159.63	132.38	137.03
Selling, General & Admin	61.18	65.73	58.29	53.09	45.74	50.12
Research & Development	32.9	31.66	27.54	24.97	24.83	23.04
Other Operating Expenses	12.23	2.25	2.91	1.49	2.2	2.99
Operating Expenses	103.95	99.36	93.79	81.78	75.25	75.89
Operating Income	82.98	93.64	106.93	77.85	57.13	61.14
Interest Expense	-2.81	-3.09	-4.8	-4.63	-4.3	-4.51
Interest & Investment Income	17.28	17.78	16.6	14.73	7.24	169.7
Currency Exchange Gain (Loss)	-7.68	-7.68	4.72	4.18	18.97	-4.39
Other Non Operating Income (Expenses)	-6.49	-0.1	0.04	0.06	-0.22	-0.52
EBT Excluding Unusual Items	83.28	100.56	123.5	92.18	78.82	221.42
Gain (Loss) on Sale of Investments	4.58	0.28	-	-	-	-
Gain (Loss) on Sale of Assets	0.08	0.09	-0.71	0.92	0.78	0.32
Asset Writedown	0.75	-0.15	-0.6	-0.21	0	-0
Other Unusual Items	11.95	11.92	0.25	1.41	6.47	10.34
Pretax Income	100.63	112.71	122.44	94.3	86.08	232.08
Income Tax Expense	11.7	12.57	15.1	11.66	9.26	31.98
Earnings From Continuing Operations	88.93	100.13	107.34	82.64	76.82	200.1
Net Income	88.93	100.13	107.34	82.64	76.82	200.1
Net Income to Common	88.93	100.13	107.34	82.64	76.82	200.1
Net Income Growth	-27.44%	-6.71%	29.89%	7.58%	-61.61%	318.60%
Shares Outstanding (Basic)	443	417	358	359	366	364
Shares Outstanding (Diluted)	443	417	358	359	366	364
Shares Change (YoY)	27.35%	16.61%	-0.42%	-1.78%	0.55%	3.39%
EPS (Basic)	0.20	0.24	0.30	0.23	0.21	0.55
EPS (Diluted)	0.20	0.24	0.30	0.23	0.21	0.55
EPS Growth	-43.02%	-20.00%	30.44%	9.52%	-61.82%	304.87%
Free Cash Flow	178.82	134.97	25.03	-29.4	-5.92	-30.27
Free Cash Flow Per Share	0.40	0.32	0.07	-0.08	-0.02	-0.08
Dividend Per Share	0.100	0.100	0.118	-	-	-
Dividend Growth	-15.25%	-15.25%	-	-	-	-
Gross Margin	24.58%	25.31%	29.45%	28.85%	26.95%	30.18%
Operating Margin	10.91%	12.28%	15.69%	14.07%	11.63%	13.47%
Profit Margin	11.70%	13.13%	15.75%	14.94%	15.64%	44.07%
Free Cash Flow Margin	23.52%	17.70%	3.67%	-5.31%	-1.21%	-6.67%
EBITDA	116.71	127.47	141.15	103.62	79.75	81.15
EBITDA Margin	15.35%	16.72%	20.71%	18.73%	16.23%	17.87%
D&A For EBITDA	33.73	33.83	34.22	25.77	22.62	20.01
EBIT	82.98	93.64	106.93	77.85	57.13	61.14
EBIT Margin	10.91%	12.28%	15.69%	14.07%	11.63%	13.47%
Effective Tax Rate	11.63%	11.16%	12.34%	12.37%	10.76%	13.78%
Revenue as Reported	760.33	762.55	681.7	553.31	491.23	454.01
Advertising Expenses	-	0.55	0.36	0.21	0.12	0.59