SHE:301580 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	1,087	1,035	886.9	779.23	602.25	544.97
Other Revenue	-	-	1.27	1.15	0.49	0.32
Revenue	1,087	1,035	888.17	780.38	602.73	545.28
Revenue Growth (YoY)	18.19%	16.51%	13.81%	29.47%	10.54%	50.79%
Cost of Revenue	503.68	490.97	419.66	397.55	331.4	340.98
Gross Profit	583.16	543.81	468.5	382.83	271.33	204.31
Selling, General & Admin	282.51	279.05	251.14	189.02	137.75	114.92
Research & Development	81.2	73.59	47.36	40.07	27.9	20.7
Other Operating Expenses	3.96	4.38	4.63	6.43	2.45	2.97
Operating Expenses	367.67	357.02	307.81	235.24	170.88	141.25
Operating Income	215.5	186.78	160.7	147.6	100.45	63.06
Interest Expense	-	-	-0.23	-0.12	-0.3	-0.56
Interest & Investment Income	28.27	24.89	14.36	13.93	10.66	4.44
Currency Exchange Gain (Loss)	-	-	-3.34	9.05	18.93	-3.28
Other Non Operating Income (Expenses)	-14.28	2.9	-2.84	-2.9	-1.29	-1.29
EBT Excluding Unusual Items	229.48	214.57	168.65	167.55	128.45	62.37
Gain (Loss) on Sale of Investments	7.4	10.23	2.4	1.87	1.12	0.91
Gain (Loss) on Sale of Assets	0.73	1.06	0.79	0.05	0.1	-0.07
Asset Writedown	-13.19	-9.67	-0.08	-1.2	-0.46	-0.16
Legal Settlements	-	-	-2.06	-0.05	-1.15	-
Other Unusual Items	-	-	1.68	2.35	3.92	0.98
Pretax Income	224.42	216.18	171.37	170.57	131.98	64.03
Income Tax Expense	19.92	19.88	21.92	23.32	15.67	8.57
Earnings From Continuing Operations	204.5	196.29	149.45	147.25	116.31	55.46
Minority Interest in Earnings	-1.3	-0.08	1.04	-0.29	-0.51	-0.11
Net Income	203.2	196.22	150.49	146.96	115.8	55.34
Net Income to Common	203.2	196.22	150.49	146.96	115.8	55.34
Net Income Growth	28.23%	30.39%	2.40%	26.90%	109.24%	24.03%
Shares Outstanding (Basic)	107	107	93	80	80	74
Shares Outstanding (Diluted)	107	107	93	80	80	74
Shares Change (YoY)	2.79%	14.39%	16.45%	0.24%	7.21%	7.33%
EPS (Basic)	1.91	1.84	1.61	1.84	1.45	0.74
EPS (Diluted)	1.91	1.84	1.61	1.84	1.45	0.74
EPS Growth	24.75%	13.98%	-12.06%	26.60%	95.18%	15.55%
Free Cash Flow	168.36	204.88	65.68	106.89	168.79	5.8
Free Cash Flow Per Share	1.58	1.92	0.70	1.33	2.11	0.08
Dividend Per Share	-	-	0.464	-	-	-
Gross Margin	53.66%	52.55%	52.75%	49.06%	45.02%	37.47%
Operating Margin	19.83%	18.05%	18.09%	18.91%	16.67%	11.56%
Profit Margin	18.70%	18.96%	16.94%	18.83%	19.21%	10.15%
Free Cash Flow Margin	15.49%	19.80%	7.40%	13.70%	28.00%	1.06%
EBITDA	253.85	222.31	184.91	161.49	108.97	70.32
EBITDA Margin	23.36%	21.48%	20.82%	20.69%	18.08%	12.90%
D&A For EBITDA	38.35	35.52	24.21	13.9	8.52	7.26
EBIT	215.5	186.78	160.7	147.6	100.45	63.06
EBIT Margin	19.83%	18.05%	18.09%	18.91%	16.67%	11.56%
Effective Tax Rate	8.88%	9.20%	12.79%	13.67%	11.88%	13.38%
Revenue as Reported	-	-	888.17	780.38	602.73	545.28
Advertising Expenses	-	-	-	-	14.14	13.2

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