SHE:003023 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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	1,151	1,139	1,295	1,289	1,168	1,135
Other Revenue	5.08	5.08	6.12	4.97	9.15	9.56
Revenue	1,156	1,144	1,302	1,294	1,177	1,144
Revenue Growth	-3.52%	-12.07%	0.59%	9.96%	2.85%	7.47%
Cost of Revenue	681.19	660.63	742.8	740.54	661.8	643.21
Gross Profit	475	483.78	558.74	553.36	514.94	500.94
Selling, General & Admin	394.52	370.63	402.52	402.87	375.76	347.35
Research & Development	32.72	32.64	38.72	31.46	28.93	33.58
Other Operating Expenses	15.82	14.94	12.47	12.62	13.34	9.6
Operating Expenses	443.98	419.12	452.19	451.99	424.58	389.75
Operating Income	31.03	64.65	106.55	101.37	90.35	111.19
Interest Expense	-0.27	-0.27	-0.17	-0.16	-0.49	-0.39
Interest & Investment Income	15.54	17.04	19.32	18.94	17.68	15.44
Other Non Operating Income (Expenses)	-2.18	-0.41	-0.34	-0.41	-1.71	-1.06
EBT Excluding Unusual Items	44.11	81.01	125.36	119.74	105.84	125.19
Gain (Loss) on Sale of Investments	-0.88	0.58	1.19	0.18	0.27	0.57
Gain (Loss) on Sale of Assets	-3.91	-3.83	0.05	-0.25	-0.03	-0.09
Asset Writedown	-0.32	-0.06	-1.19	-0.06	-0.12	-0.16
Other Unusual Items	2.57	2.57	4.05	2.5	4.08	6.73
Pretax Income	41.56	80.26	129.47	122.11	110.05	132.23
Income Tax Expense	8.88	12.68	16.92	15.97	14.66	17.17
Earnings From Continuing Operations	32.68	67.58	112.55	106.14	95.38	115.06
Minority Interest in Earnings	-4.2	-3.91	-2.96	-2.18	-0.72	-4.2
Net Income	28.48	63.67	109.59	103.96	94.67	110.87
Net Income to Common	28.48	63.67	109.59	103.96	94.67	110.87
Net Income Growth	-68.17%	-41.90%	5.41%	9.82%	-14.61%	-1.51%
Shares Outstanding (Basic)	105	105	105	105	105	106
Shares Outstanding (Diluted)	105	105	105	105	105	106
Shares Change	0.01%	0.00%	-0.00%	0.15%	-0.38%	33.49%
EPS (Basic)	0.27	0.60	1.04	0.99	0.90	1.05
EPS (Diluted)	0.27	0.60	1.04	0.99	0.90	1.05
EPS Growth	-68.18%	-41.90%	5.41%	9.66%	-14.29%	-26.22%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Free Cash Flow	8.57	-67	31	258.42	50.41	14.3
Free Cash Flow Per Share	0.08	-0.64	0.29	2.45	0.48	0.14
Dividend Per Share	0.350	0.350	0.400	0.400	0.350	0.300
Dividend Growth	-12.50%	-12.50%	0%	14.29%	16.67%	-2.50%
Gross Margin	41.08%	42.27%	42.93%	42.77%	43.76%	43.78%
Operating Margin	2.68%	5.65%	8.19%	7.83%	7.68%	9.72%
Profit Margin	2.46%	5.56%	8.42%	8.04%	8.04%	9.69%
Free Cash Flow Margin	0.74%	-5.85%	2.38%	19.97%	4.28%	1.25%
EBITDA	63.38	96.96	136.49	129.65	118.67	137.37
EBITDA Margin	5.48%	8.47%	10.49%	10.02%	10.08%	12.01%
D&A For EBITDA	32.36	32.31	29.93	28.28	28.32	26.18
EBIT	31.03	64.65	106.55	101.37	90.35	111.19
EBIT Margin	2.68%	5.65%	8.19%	7.83%	7.68%	9.72%
Effective Tax Rate	21.37%	15.80%	13.07%	13.08%	13.33%	12.98%
Revenue as Reported	1,144	1,144	1,302	1,294	1,177	1,144
Advertising Expenses	-	24.36	22.73	20.88	34.93	28.66