SHE:300401 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	1,276	1,220	1,221	1,082	1,397	1,107
Other Revenue	17.7	17.7	22.45	12.93	20.39	9.75
Revenue	1,294	1,237	1,243	1,095	1,418	1,117
Revenue Growth	1.23%	-0.47%	13.58%	-22.78%	26.89%	69.40%
Cost of Revenue	654.9	555.88	519.59	441.4	486.37	350.66
Gross Profit	639.25	681.52	723.7	653.25	931.14	766.44
Selling, General & Admin	195.21	234.8	308.87	378.77	444.55	257.61
Research & Development	78.31	65.46	83.78	90.91	70.34	59.28
Other Operating Expenses	20.09	18.51	13.24	16.44	16.24	3.48
Operating Expenses	295.74	320.89	407.84	483.74	533.66	320.69
Operating Income	343.51	360.63	315.86	169.51	397.48	445.75
Interest Expense	-32.47	-32.47	-35.63	-38.41	-21.82	-10.81
Interest & Investment Income	10.29	9.64	11.01	20.54	13.75	32.49
Currency Exchange Gain (Loss)	-1.92	-1.92	6.31	7.02	11.1	-2.79
Other Non Operating Income (Expenses)	-20.21	-0.69	-0.35	-0.3	-0.65	-0.19
EBT Excluding Unusual Items	299.2	335.19	297.19	158.36	399.86	464.46
Gain (Loss) on Sale of Investments	2.27	3.77	0.25	-0.34	-2.83	0.4
Gain (Loss) on Sale of Assets	-2.19	-2.24	31.53	-0.04	17.8	76.22
Asset Writedown	-2.53	-3.98	-0.44	-0.22	-1.01	-0.09
Other Unusual Items	19.76	19.76	30.17	53.27	28.67	48.38
Pretax Income	316.51	352.5	358.69	211.04	442.48	589.37
Income Tax Expense	41.28	47.64	49.48	18.7	58.76	75.42
Earnings From Continuing Operations	275.24	304.86	309.21	192.35	383.72	513.94
Minority Interest in Earnings	0.01	0.01	0	-	-	-30.18
Net Income	275.24	304.86	309.21	192.35	383.72	483.77
Net Income to Common	275.24	304.86	309.21	192.35	383.72	483.77
Net Income Growth	-16.25%	-1.41%	60.76%	-49.87%	-20.68%	83.79%
Shares Outstanding (Basic)	550	544	542	550	548	544
Shares Outstanding (Diluted)	596	598	595	601	548	544
Shares Change	3.82%	0.53%	-1.07%	9.65%	0.85%	7.38%
EPS (Basic)	0.50	0.56	0.57	0.35	0.70	0.89
EPS (Diluted)	0.46	0.51	0.52	0.32	0.70	0.89
EPS Growth	-19.33%	-1.92%	62.50%	-54.29%	-21.35%	71.15%

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	108.41	112.78	-13.97	-84.57	-2.89	-203.33
Free Cash Flow Per Share	0.18	0.19	-0.02	-0.14	-0.01	-0.37
Dividend Per Share	0.113	0.113	0.114	0.071	0.140	0.188
Dividend Growth	-0.88%	-0.88%	60.56%	-49.29%	-25.53%	82.52%
Gross Margin	49.40%	55.08%	58.21%	59.68%	65.69%	68.61%
Operating Margin	26.54%	29.14%	25.41%	15.48%	28.04%	39.90%
Profit Margin	21.27%	24.64%	24.87%	17.57%	27.07%	43.31%
Free Cash Flow Margin	8.38%	9.11%	-1.12%	-7.72%	-0.20%	-18.20%
EBITDA	526.79	538.72	471.63	302.82	458.27	490.2
EBITDA Margin	40.71%	43.54%	37.93%	27.66%	32.33%	43.88%
D&A For EBITDA	183.28	178.09	155.77	133.31	60.79	44.45
EBIT	343.51	360.63	315.86	169.51	397.48	445.75
EBIT Margin	26.54%	29.14%	25.41%	15.48%	28.04%	39.90%
Effective Tax Rate	13.04%	13.52%	13.80%	8.86%	13.28%	12.80%
Revenue as Reported	1,237	1,237	1,243	1,095	1,418	1,117
Advertising Expenses	-	3.11	2.37	0.97	0.7	0.8