SHE:300515 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	707.44	659.02	575.87	464.18	392.94	384.34
Other Revenue	1.19	0.83	0.72	0.36	0.69	0.17
Revenue	708.62	659.86	576.58	464.54	393.64	384.5
Revenue Growth	10.91%	14.44%	24.12%	18.01%	2.38%	20.36%
Cost of Revenue	329.13	303.38	266.52	192.34	164.11	165.33
Gross Profit	379.5	356.48	310.06	272.21	229.53	219.17
Selling, General & Admin	115.73	113.2	105.34	102.5	98.52	94.61
Research & Development	67.33	68.03	65.07	52.6	44.65	41.75
Other Operating Expenses	-19.65	-17.51	-8.1	-10.14	-10.33	-9.34
Operating Expenses	167.31	166.44	164.21	151.76	134.55	128.46
Operating Income	212.19	190.04	145.85	120.45	94.97	90.71
Interest Expense	-	-	-	-0	-0	-0.03
Interest & Investment Income	16.66	7.4	8.62	12.92	11.33	9.89
Currency Exchange Gain (Loss)	-0.23	-0.02	0.19	0.13	0.55	-0.1
Other Non Operating Income (Expenses)	-0.32	-0.39	-0.31	-85.15	-0.18	-0.2
EBT Excluding Unusual Items	228.3	197.02	154.35	48.35	106.67	100.27
Gain (Loss) on Sale of Investments	2.63	4.64	0.43	-	-	-
Gain (Loss) on Sale of Assets	0.01	0	0.07	-0.14	-0	0.05
Asset Writedown	-0.68	-0.69	-0.89	-0.02	0.03	-0.59
Other Unusual Items	3.45	2.65	5.21	7.6	3.54	3.54
Pretax Income	233.72	203.62	159.16	55.8	110.24	103.27
Income Tax Expense	23.37	19.12	15.01	1.02	12.96	12.91
Earnings From Continuing Operations	210.34	184.5	144.15	54.77	97.27	90.36
Minority Interest in Earnings	-0.45	-0.87	-0.92	-1.04	-5.08	-4.03
Net Income	209.89	183.63	143.24	53.74	92.19	86.33
Net Income to Common	209.89	183.63	143.24	53.74	92.19	86.33
Net Income Growth	29.17%	28.20%	166.55%	-41.71%	6.79%	21.47%
Shares Outstanding (Basic)	201	201	201	206	206	206
Shares Outstanding (Diluted)	201	201	201	207	207	207
Shares Change	-0.02%	-0.35%	-2.45%	-0.16%	-0.06%	2.80%
EPS (Basic)	1.05	0.91	0.71	0.26	0.45	0.42
EPS (Diluted)	1.05	0.91	0.71	0.26	0.45	0.42
EPS Growth	29.19%	28.65%	173.25%	-41.62%	6.86%	18.16%

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	224.42	206.99	164.31	108.78	100.13	20.56
Free Cash Flow Per Share	1.12	1.03	0.82	0.53	0.48	0.10
Dividend Per Share	0.400	0.400	0.300	0.145	0.175	0.165
Dividend Growth	33.33%	33.33%	106.90%	-17.14%	6.06%	10.00%
Gross Margin	53.55%	54.02%	53.78%	58.60%	58.31%	57.00%
Operating Margin	29.94%	28.80%	25.30%	25.93%	24.13%	23.59%
Profit Margin	29.62%	27.83%	24.84%	11.57%	23.42%	22.45%
Free Cash Flow Margin	31.67%	31.37%	28.50%	23.42%	25.44%	5.35%
EBITDA	231.36	208.35	163.63	135.81	105.96	101.43
EBITDA Margin	32.65%	31.57%	28.38%	29.23%	26.92%	26.38%
D&A For EBITDA	19.17	18.31	17.78	15.36	10.99	10.72
EBIT	212.19	190.04	145.85	120.45	94.97	90.71
EBIT Margin	29.94%	28.80%	25.30%	25.93%	24.13%	23.59%
Effective Tax Rate	10.00%	9.39%	9.43%	1.83%	11.76%	12.50%
Revenue as Reported	708.62	659.86	576.58	464.54	393.64	384.5
Advertising Expenses	-	1.92	1.98	2.18	1.88	3.1