SHE:300576 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	1,133	1,068	948.08	798.05	733.97	784.27
Other Revenue	1.43	1.21	1.3	1.29	1.37	1.5
Revenue	1,135	1,069	949.38	799.34	735.34	785.77
Revenue Growth	12.13%	12.58%	18.77%	8.70%	-6.42%	44.45%
Cost of Revenue	740.38	675.59	598.64	510.44	527	567.51
Gross Profit	394.37	393.23	350.73	288.9	208.34	218.26
Selling, General & Admin	189.05	173.07	145.17	119.71	116.25	125.94
Research & Development	63.35	60.87	50.55	43.03	36.45	41.06
Other Operating Expenses	11.33	9.22	6.64	0.51	4.93	4.61
Operating Expenses	276.59	250.05	211.54	168.2	159.07	173.84
Operating Income	117.77	143.18	139.19	120.71	49.27	44.43
Interest Expense	-0.3	-0.4	-0.56	-0.51	-0.8	-5.21
Interest & Investment Income	2.49	4.11	3.6	2.96	1.2	1.76
Currency Exchange Gain (Loss)	-1	-1	-2.1	0.19	-0.02	-0
Other Non Operating Income (Expenses)	-3.43	-0.39	-0.32	-0.01	-0.29	-0.39
EBT Excluding Unusual Items	115.54	145.51	139.82	123.34	49.36	40.58
Impairment of Goodwill	-	-	-	-4.24	-	-
Gain (Loss) on Sale of Investments	0.04	-1.31	-4.24	-21.17	-2.96	-
Gain (Loss) on Sale of Assets	0.45	0.69	0.15	-0.2	-0.05	-
Asset Writedown	-0.73	-0.79	-0.34	-0.58	-0.39	-0.11
Other Unusual Items	-1.08	-1.2	6.31	0.02	11.26	5.21
Pretax Income	114.22	142.9	141.7	97.17	57.22	45.68
Income Tax Expense	24.18	24.87	18.9	12.73	5.86	5.65
Earnings From Continuing Operations	90.03	118.03	122.8	84.43	51.36	40.03
Minority Interest in Earnings	0.8	0.1	-0.45	1.05	1.33	-0.03
Net Income	90.83	118.13	122.35	85.49	52.69	40
Net Income to Common	90.83	118.13	122.35	85.49	52.69	40
Net Income Growth	-23.83%	-3.45%	43.13%	62.25%	31.71%	-29.61%
Shares Outstanding (Basic)	408	406	396	318	363	367
Shares Outstanding (Diluted)	409	406	396	318	363	367
Shares Change	2.92%	2.59%	24.53%	-12.40%	-1.13%	1.06%
EPS (Basic)	0.22	0.29	0.31	0.27	0.15	0.11
EPS (Diluted)	0.22	0.29	0.31	0.27	0.15	0.11
EPS Growth	-25.99%	-5.89%	16.55%	82.64%	33.21%	-30.35%

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	-23.95	-15.74	-167.96	-185.2	60.7	36.6
Free Cash Flow Per Share	-0.06	-0.04	-0.42	-0.58	0.17	0.10
Dividend Per Share	0.064	0.064	0.082	0.047	0.029	0.024
Dividend Growth	-22.25%	-22.25%	72.94%	64.81%	22.13%	-32.47%
Gross Margin	34.75%	36.79%	36.94%	36.14%	28.33%	27.78%
Operating Margin	10.38%	13.40%	14.66%	15.10%	6.70%	5.65%
Profit Margin	8.00%	11.05%	12.89%	10.70%	7.17%	5.09%
Free Cash Flow Margin	-2.11%	-1.47%	-17.69%	-23.17%	8.25%	4.66%
EBITDA	165.9	175.7	158.11	139.18	67.25	60.82
EBITDA Margin	14.62%	16.44%	16.65%	17.41%	9.14%	7.74%
D&A For EBITDA	48.13	32.52	18.92	18.48	17.98	16.4
EBIT	117.77	143.18	139.19	120.71	49.27	44.43
EBIT Margin	10.38%	13.40%	14.66%	15.10%	6.70%	5.65%
Effective Tax Rate	21.17%	17.40%	13.34%	13.11%	10.24%	12.37%
Revenue as Reported	1,135	1,069	949.38	799.34	735.34	785.77
Advertising Expenses	-	0.14	0.89	0.66	0.24	0.71