SHE:301552 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	649.19	574.9	457.76	387.84	276.85
Other Revenue	27.98	36.82	29.99	17.81	16.16
Revenue	677.17	611.72	487.76	405.66	293.01
Revenue Growth (YoY)	10.70%	25.41%	20.24%	38.44%	67.33%
Cost of Revenue	435.01	373.64	280.49	242.72	173.11
Gross Profit	242.16	238.07	207.27	162.94	119.9
Selling, General & Admin	36.21	34.67	24.03	18.81	23.83
Research & Development	36.32	32.93	24.91	20.66	17.21
Other Operating Expenses	3.63	2.68	3.71	-4.53	1.83
Operating Expenses	77.55	70.82	54.05	35.18	44.73
Operating Income	164.61	167.26	153.22	127.77	75.17
Interest Expense	-0.25	-0.1	-0.58	-0.18	-0.03
Interest & Investment Income	27.23	10.2	6.67	1.14	0.38
Currency Exchange Gain (Loss)	-2.48	1.82	3.3	7.36	-0.94
Other Non Operating Income (Expenses)	-0.25	-0.16	-0.06	-0.13	0.06
EBT Excluding Unusual Items	188.86	179.02	162.55	135.95	74.65
Gain (Loss) on Sale of Investments	-1.22	2.35	0.03	-	-
Gain (Loss) on Sale of Assets	-0.09	-0	0.51	0.75	0.12
Asset Writedown	-0.13	-0.47	-	-	-0.68
Other Unusual Items	0.16	0.02	1.56	0.08	0.04
Pretax Income	187.57	180.91	164.65	136.79	74.13
Income Tax Expense	25.5	23.95	22.54	16.58	10.61
Earnings From Continuing Operations	162.07	156.97	142.11	120.21	63.52
Minority Interest in Earnings	-6.84	-6.74	-5.02	-3.9	-2.79
Net Income	155.23	150.23	137.09	116.31	60.73
Net Income to Common	155.23	150.23	137.09	116.31	60.73
Net Income Growth	3.33%	9.59%	17.86%	91.52%	34.91%
Shares Outstanding (Basic)	95	81	71	71	100
Shares Outstanding (Diluted)	95	81	71	71	100
Shares Change (YoY)	17.28%	13.82%	-0.10%	-28.61%	-4.76%
EPS (Basic)	1.63	1.85	1.92	1.63	0.61
EPS (Diluted)	1.63	1.85	1.92	1.63	0.61
EPS Growth	-11.89%	-3.72%	17.98%	168.26%	41.65%
Free Cash Flow	38.7	233.47	41.94	104.5	-10.61
Free Cash Flow Per Share	0.41	2.88	0.59	1.46	-0.11
Dividend Per Share	1.500	1.000	-	-	-
Dividend Growth	50.00%	-	-	-	-
Gross Margin	35.76%	38.92%	42.49%	40.17%	40.92%
Operating Margin	24.31%	27.34%	31.41%	31.50%	25.66%
Profit Margin	22.92%	24.56%	28.11%	28.67%	20.73%
Free Cash Flow Margin	5.72%	38.17%	8.60%	25.76%	-3.62%
EBITDA	177.26	179.52	164.53	136.39	82.44
EBITDA Margin	26.18%	29.35%	33.73%	33.62%	28.13%
D&A For EBITDA	12.65	12.26	11.31	8.62	7.27
EBIT	164.61	167.26	153.22	127.77	75.17
EBIT Margin	24.31%	27.34%	31.41%	31.50%	25.66%
Effective Tax Rate	13.59%	13.24%	13.69%	12.12%	14.31%
Revenue as Reported	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.