SHE:301551 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	587.54	592.04	601.19	628.06	643.78	669.75
Other Revenue	13.01	13.01	12.1	18.26	9.89	2.39
Revenue	600.55	605.05	613.29	646.32	653.66	672.14
Revenue Growth (YoY)	-1.87%	-1.34%	-5.11%	-1.12%	-2.75%	6.60%
Cost of Revenue	266.21	269.61	287.14	296.79	285.09	264.51
Gross Profit	334.34	335.44	326.15	349.53	368.58	407.63
Selling, General & Admin	100.8	100.07	72.76	73.97	74.46	61.35
Research & Development	23.89	23.31	22.16	24.69	27.48	26.96
Other Operating Expenses	2.32	1.69	0.77	0.89	-0.24	0.05
Operating Expenses	129.49	121.24	98.83	100.25	101.27	73.62
Operating Income	204.85	214.19	227.32	249.28	267.3	334.02
Interest Expense	-0.05	-0.04	-0.11	-0.22	-0.1	-0.19
Interest & Investment Income	45.91	45.34	33.79	28.71	20.92	7.82
Other Non Operating Income (Expenses)	0.26	0.23	0	-0.26	-0.01	-0.1
EBT Excluding Unusual Items	250.98	259.73	261.01	277.52	288.11	341.54
Gain (Loss) on Sale of Investments	-	-	0.05	0.86	0.37	14.65
Gain (Loss) on Sale of Assets	0.01	0.01	0.08	0	0.03	-0.01
Asset Writedown	1.34	-0.07	-0.01	-0.03	-0.09	-0.02
Other Unusual Items	1.87	1.9	0.36	5.54	2.71	-0.47
Pretax Income	254.19	261.56	261.48	283.89	291.13	355.69
Net Income	254.19	261.56	261.48	283.89	291.13	355.69
Net Income to Common	254.19	261.56	261.48	283.89	291.13	355.69
Net Income Growth	-10.02%	0.03%	-7.89%	-2.49%	-18.15%	11.13%
Shares Outstanding (Basic)	400	400	370	360	360	360
Shares Outstanding (Diluted)	400	400	370	360	360	360
Shares Change (YoY)	5.26%	8.11%	2.78%	-0.00%	-0.00%	4.17%
EPS (Basic)	0.64	0.65	0.71	0.79	0.81	0.99
EPS (Diluted)	0.64	0.65	0.71	0.79	0.81	0.99
EPS Growth	-14.52%	-7.47%	-10.38%	-2.48%	-18.15%	6.67%
Free Cash Flow	275.52	384.2	86.57	239.29	327.72	562.81
Free Cash Flow Per Share	0.69	0.96	0.23	0.67	0.91	1.56
Dividend Per Share	1.000	1.000	0.394	-	-	0.420
Dividend Growth	153.81%	153.81%	-	-	-	68.00%
Gross Margin	55.67%	55.44%	53.18%	54.08%	56.39%	60.65%
Operating Margin	34.11%	35.40%	37.07%	38.57%	40.89%	49.69%
Profit Margin	42.33%	43.23%	42.64%	43.92%	44.54%	52.92%
Free Cash Flow Margin	45.88%	63.50%	14.12%	37.02%	50.14%	83.73%
EBITDA	227.92	239.75	262.86	287.56	292.27	341
EBITDA Margin	37.95%	39.63%	42.86%	44.49%	44.71%	50.73%
D&A For EBITDA	23.07	25.56	35.54	38.28	24.96	6.98
EBIT	204.85	214.19	227.32	249.28	267.3	334.02
EBIT Margin	34.11%	35.40%	37.07%	38.57%	40.89%	49.69%
Revenue as Reported	600.55	605.05	613.29	646.32	-	-
Advertising Expenses	-	39.12	28.21	26.56	27.33	8.67

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