SHE:301609 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	714.85	707.13	655.26	548.38	477.53	435.08
Other Revenue	-	-	2.84	0.7	0.75	0.67
Revenue	714.85	707.13	658.1	549.08	478.28	435.76
Revenue Growth (YoY)	6.69%	7.45%	19.86%	14.80%	9.76%	10.49%
Cost of Revenue	408.17	403.17	374.04	319.67	287.7	234.44
Gross Profit	306.68	303.96	284.07	229.41	190.59	201.32
Selling, General & Admin	128.83	128.2	114.66	100.32	84.75	84.51
Research & Development	50.87	50.11	45.96	37.58	31.43	37.98
Other Operating Expenses	-23.82	-26.69	-13.54	-18.05	-13.71	-3.65
Operating Expenses	155.88	151.62	150.48	118.12	105.82	119.64
Operating Income	150.8	152.33	133.59	111.29	84.77	81.68
Interest Expense	-	-	-0.05	-0.03	-0.06	-0.11
Interest & Investment Income	3.75	1.26	5.19	2.89	3.05	3.46
Other Non Operating Income (Expenses)	5.71	6.81	-0.01	0.07	-0.13	0.07
EBT Excluding Unusual Items	160.25	160.4	138.71	114.23	87.63	85.09
Gain (Loss) on Sale of Assets	-0.02	-0.02	-0	-	-	-
Asset Writedown	-7.37	-4.45	-0.1	-0.45	0.01	-0.12
Other Unusual Items	-	-	5.32	3.08	0.17	0.72
Pretax Income	152.87	155.94	143.93	116.86	87.8	85.69
Income Tax Expense	18.02	18.3	17.3	14.06	10.81	9.51
Net Income	134.85	137.64	126.64	102.8	76.99	76.18
Net Income to Common	134.85	137.64	126.64	102.8	76.99	76.18
Net Income Growth	4.52%	8.69%	23.18%	33.53%	1.06%	-6.24%
Shares Outstanding (Basic)	148	139	122	122	122	123
Shares Outstanding (Diluted)	148	139	122	122	122	123
Shares Change (YoY)	22.11%	14.18%	-0.51%	0.15%	-0.54%	1.33%
EPS (Basic)	0.91	0.99	1.04	0.84	0.63	0.62
EPS (Diluted)	0.91	0.99	1.04	0.84	0.63	0.62
EPS Growth	-14.40%	-4.81%	23.81%	33.33%	1.61%	-7.46%
Free Cash Flow	147.9	144.54	124.82	147.65	-11.42	24.77
Free Cash Flow Per Share	1.00	1.04	1.02	1.21	-0.09	0.20
Gross Margin	42.90%	42.98%	43.16%	41.78%	39.85%	46.20%
Operating Margin	21.09%	21.54%	20.30%	20.27%	17.72%	18.74%
Profit Margin	18.86%	19.46%	19.24%	18.72%	16.10%	17.48%
Free Cash Flow Margin	20.69%	20.44%	18.97%	26.89%	-2.39%	5.68%
EBITDA	162.82	164.26	145.09	116.18	87.03	84.26
EBITDA Margin	22.78%	23.23%	22.05%	21.16%	18.20%	19.34%
D&A For EBITDA	12.02	11.93	11.5	4.89	2.26	2.59
EBIT	150.8	152.33	133.59	111.29	84.77	81.68
EBIT Margin	21.09%	21.54%	20.30%	20.27%	17.72%	18.74%
Effective Tax Rate	11.79%	11.73%	12.02%	12.03%	12.31%	11.10%
Advertising Expenses	-	-	0.59	0.59	0.56	0.59

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