SHE:301552 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	639.66	649.19	574.9	457.76	387.84	276.85
Other Revenue	27.98	27.98	36.82	29.99	17.81	16.16
Revenue	667.64	677.17	611.72	487.76	405.66	293.01
Revenue Growth (YoY)	5.22%	10.70%	25.41%	20.24%	38.44%	67.33%
Cost of Revenue	430.82	435.01	373.64	280.49	242.72	173.11
Gross Profit	236.82	242.16	238.07	207.27	162.94	119.9
Selling, General & Admin	39.37	36.21	34.67	24.03	18.81	23.83
Research & Development	36.44	36.32	32.93	24.91	20.66	17.21
Other Operating Expenses	3.45	3.63	2.68	3.71	-4.53	1.83
Operating Expenses	80.63	77.55	70.82	54.05	35.18	44.73
Operating Income	156.19	164.61	167.26	153.22	127.77	75.17
Interest Expense	-0.25	-0.25	-0.1	-0.58	-0.18	-0.03
Interest & Investment Income	28.29	27.23	10.2	6.67	1.14	0.38
Currency Exchange Gain (Loss)	-2.48	-2.48	1.82	3.3	7.36	-0.94
Other Non Operating Income (Expenses)	-5.17	-0.25	-0.16	-0.06	-0.13	0.06
EBT Excluding Unusual Items	176.58	188.86	179.02	162.55	135.95	74.65
Gain (Loss) on Sale of Investments	-1.11	-1.22	2.35	0.03	-	-
Gain (Loss) on Sale of Assets	0.07	-0.09	-0	0.51	0.75	0.12
Asset Writedown	-1.06	-0.13	-0.47	-	-	-0.68
Other Unusual Items	0.16	0.16	0.02	1.56	0.08	0.04
Pretax Income	174.63	187.57	180.91	164.65	136.79	74.13
Income Tax Expense	23.29	25.5	23.95	22.54	16.58	10.61
Earnings From Continuing Operations	151.34	162.07	156.97	142.11	120.21	63.52
Minority Interest in Earnings	-8.08	-6.84	-6.74	-5.02	-3.9	-2.79
Net Income	143.26	155.23	150.23	137.09	116.31	60.73
Net Income to Common	143.26	155.23	150.23	137.09	116.31	60.73
Net Income Growth	-5.18%	3.33%	9.59%	17.86%	91.52%	34.91%
Shares Outstanding (Basic)	95	124	106	93	93	130
Shares Outstanding (Diluted)	95	124	106	93	93	130
Shares Change (YoY)	8.73%	17.28%	13.81%	-0.10%	-28.60%	-4.75%
EPS (Basic)	1.51	1.25	1.42	1.48	1.25	0.47
EPS (Diluted)	1.51	1.25	1.42	1.48	1.25	0.47
EPS Growth	-12.80%	-11.90%	-3.71%	17.98%	168.24%	41.64%
Free Cash Flow	18.31	38.7	233.47	41.94	104.5	-10.61
Free Cash Flow Per Share	0.19	0.31	2.21	0.45	1.13	-0.08
Dividend Per Share	1.500	1.154	0.769	-	-	-
Dividend Growth	50.00%	50.00%	-	-	-	-
Gross Margin	35.47%	35.76%	38.92%	42.49%	40.17%	40.92%
Operating Margin	23.39%	24.31%	27.34%	31.41%	31.50%	25.66%
Profit Margin	21.46%	22.92%	24.56%	28.11%	28.67%	20.73%
Free Cash Flow Margin	2.74%	5.72%	38.17%	8.60%	25.76%	-3.62%
EBITDA	168.93	177.26	179.52	164.53	136.39	82.44
EBITDA Margin	25.30%	26.18%	29.35%	33.73%	33.62%	28.13%
D&A For EBITDA	12.75	12.65	12.26	11.31	8.62	7.27
EBIT	156.19	164.61	167.26	153.22	127.77	75.17
EBIT Margin	23.39%	24.31%	27.34%	31.41%	31.50%	25.66%
Effective Tax Rate	13.34%	13.59%	13.24%	13.69%	12.12%	14.31%
Revenue as Reported	677.17	677.17	611.72	487.76	405.66	293.01
Advertising Expenses	-	0.12	2.41	0.47	0	0.15

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