SHE:301568 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	444.61	320.2	339.71	361.59	347.6
Other Revenue	36.85	28.48	28.13	25.77	8.55
Revenue	481.46	348.68	367.84	387.35	356.15
Revenue Growth (YoY)	38.08%	-5.21%	-5.04%	8.76%	40.75%
Cost of Revenue	243.09	175.08	182.16	188.01	160.31
Gross Profit	238.37	173.6	185.68	199.34	195.84
Selling, General & Admin	80.9	69.93	61.51	52.41	48.19
Research & Development	45	35.92	25.82	22.09	19.86
Other Operating Expenses	-7.47	-4.04	-10.62	-0.53	-4.09
Operating Expenses	121.01	101.51	79.02	74.33	62.98
Operating Income	117.36	72.09	106.66	125.01	132.86
Interest Expense	-0.11	-0.14	-0.07	-0.14	-0.22
Interest & Investment Income	8.22	13.59	3.94	1.14	0.83
Currency Exchange Gain (Loss)	0.05	0.11	0.02	0.03	-0.05
Other Non Operating Income (Expenses)	-0.04	-0.06	0	-0.01	-0.01
EBT Excluding Unusual Items	125.48	85.59	110.55	126.03	133.41
Gain (Loss) on Sale of Assets	1.23	0.05	-	0.08	0.01
Asset Writedown	-0.01	-0	-0	-0.01	-
Other Unusual Items	2.1	1.08	3.51	7.24	2.39
Pretax Income	128.8	86.71	114.06	133.34	135.8
Income Tax Expense	17.04	9.4	14.67	17.03	18.59
Net Income	111.76	77.31	99.39	116.31	117.21
Net Income to Common	111.76	77.31	99.39	116.31	117.21
Net Income Growth	44.56%	-22.21%	-14.55%	-0.77%	50.79%
Shares Outstanding (Basic)	103	103	80	77	77
Shares Outstanding (Diluted)	103	103	80	77	77
Shares Change (YoY)	-0.53%	29.74%	2.78%	0.00%	0.00%
EPS (Basic)	1.09	0.75	1.25	1.50	1.51
EPS (Diluted)	1.09	0.75	1.25	1.50	1.51
EPS Growth	45.33%	-40.04%	-16.86%	-0.77%	50.79%
Free Cash Flow	43.42	-103.83	76.49	112.07	46.21
Free Cash Flow Per Share	0.42	-1.01	0.96	1.45	0.60
Dividend Per Share	0.600	0.560	0.680	-	0.750
Dividend Growth	7.14%	-17.65%	-	-	114.29%
Gross Margin	49.51%	49.79%	50.48%	51.46%	54.99%
Operating Margin	24.38%	20.67%	29.00%	32.27%	37.30%
Profit Margin	23.21%	22.17%	27.02%	30.03%	32.91%
Free Cash Flow Margin	9.02%	-29.78%	20.79%	28.93%	12.98%
EBITDA	137.98	83.05	116	129.83	135.84
EBITDA Margin	28.66%	23.82%	31.54%	33.52%	38.14%
D&A For EBITDA	20.62	10.96	9.34	4.82	2.98
EBIT	117.36	72.09	106.66	125.01	132.86
EBIT Margin	24.38%	20.67%	29.00%	32.27%	37.30%
Effective Tax Rate	13.23%	10.84%	12.86%	12.77%	13.69%
Revenue as Reported	481.46	348.68	367.84	387.35	-
Advertising Expenses	0.08	0.33	1.14	0.3	-

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