SHE:300113 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	1,300	1,744	1,840	1,433	1,124	1,142
Revenue	1,300	1,744	1,840	1,433	1,124	1,142
Revenue Growth	-36.36%	-5.18%	28.37%	27.52%	-1.60%	9.37%
Cost of Revenue	466.35	896.72	1,079	725.85	566.78	449.12
Gross Profit	833.26	847.56	760.18	707.12	556.93	692.87
Selling, General & Admin	318.92	300.55	309.77	335.93	307.7	364.45
Research & Development	155.18	152.62	168.44	186.92	209.87	221.41
Other Operating Expenses	13.16	10.07	8.47	1.52	3.92	4.91
Operating Expenses	485.97	461.86	487.16	524.44	521.17	591.06
Operating Income	347.29	385.7	273.02	182.67	35.75	101.81
Interest Expense	-3.16	-3.41	-3.79	-1.71	-2.19	-2.28
Interest & Investment Income	48.72	36.29	44.27	38.79	43.47	41.1
Currency Exchange Gain (Loss)	-0.34	-0.18	0.09	0.04	0.05	-0.09
Other Non Operating Income (Expenses)	-0.75	-2.36	-5.64	-7.3	-3.13	-4.23
EBT Excluding Unusual Items	391.76	416.05	307.95	212.5	73.96	136.32
Impairment of Goodwill	-	-	-0.11	-2.55	-460.4	-53.23
Gain (Loss) on Sale of Investments	80.41	66.81	0.17	0.01	0.98	20.46
Gain (Loss) on Sale of Assets	0.91	1.87	3.03	-2.96	-6.52	0
Asset Writedown	-0.16	-0.16	-0.4	-0.3	-0.14	-1.81
Other Unusual Items	14.47	12.98	12.45	9.72	19.91	14.82
Pretax Income	487.39	497.55	323.09	216.43	-372.21	116.57
Income Tax Expense	43.3	47.37	40.51	23.83	11.2	34.59
Earnings From Continuing Operations	444.09	450.19	282.58	192.6	-383.41	81.97
Minority Interest in Earnings	-29.7	-32.55	-30.7	-23.1	-22.45	-20.8
Net Income	414.39	417.63	251.88	169.5	-405.86	61.17
Net Income to Common	414.39	417.63	251.88	169.5	-405.86	61.17
Net Income Growth	30.33%	65.80%	48.60%	-	-	-32.70%
Shares Outstanding (Basic)	681	674	681	678	676	680
Shares Outstanding (Diluted)	681	674	681	678	676	680
Shares Change	0.71%	-1.05%	0.41%	0.23%	-0.48%	-2.79%
EPS (Basic)	0.61	0.62	0.37	0.25	-0.60	0.09
EPS (Diluted)	0.61	0.62	0.37	0.25	-0.60	0.09
EPS Growth	29.41%	67.57%	48.00%	-	-	-30.77%

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	266.73	322.61	347.2	216.69	-10.01	228.8
Free Cash Flow Per Share	0.39	0.48	0.51	0.32	-0.01	0.34
Dividend Per Share	0.180	0.120	0.090	0.080	0.070	0.070
Dividend Growth	100.00%	33.33%	12.05%	14.75%	-0.50%	-12.06%
Gross Margin	64.12%	48.59%	41.32%	49.35%	49.56%	60.67%
Operating Margin	26.72%	22.11%	14.84%	12.75%	3.18%	8.91%
Profit Margin	31.89%	23.94%	13.69%	11.83%	-36.12%	5.36%
Free Cash Flow Margin	20.52%	18.50%	18.87%	15.12%	-0.89%	20.04%
EBITDA	371.29	407.42	294.68	210.68	65.31	128.66
EBITDA Margin	28.57%	23.36%	16.02%	14.70%	5.81%	11.27%
D&A For EBITDA	24	21.72	21.66	28.01	29.55	26.85
EBIT	347.29	385.7	273.02	182.67	35.75	101.81
EBIT Margin	26.72%	22.11%	14.84%	12.75%	3.18%	8.91%
Effective Tax Rate	8.88%	9.52%	12.54%	11.01%	-	29.68%
Revenue as Reported	1,300	1,744	1,840	1,433	1,124	1,142
Advertising Expenses	-	13.28	14.13	23.55	37.98	45.45