SHE:300610 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	958.46	867.46	902.73	926.38	1,074	1,189
Other Revenue	7.47	7.47	8.56	3.38	3.96	3.15
Revenue	965.93	874.93	911.29	929.76	1,078	1,193
Revenue Growth	9.09%	-3.99%	-1.99%	-13.79%	-9.57%	32.47%
Cost of Revenue	759	692.38	738.88	782.4	833.94	909.48
Gross Profit	206.92	182.55	172.4	147.36	244.47	283.12
Selling, General & Admin	93.17	90.47	91.38	90.16	100.92	101.68
Research & Development	41.14	40.27	41.69	39.11	42.6	40.9
Other Operating Expenses	8.2	2.19	-16.36	-9.56	-6.97	-10.52
Operating Expenses	142.21	132.64	116.39	119.33	137.14	130.44
Operating Income	64.71	49.91	56.02	28.02	107.33	152.69
Interest Expense	-1.49	-1.49	-2.69	-0.83	-0.04	-0.55
Interest & Investment Income	29.62	35.83	28.75	20.71	21.12	16.88
Currency Exchange Gain (Loss)	0.49	0.49	1.23	1.03	1.47	-0.8
Other Non Operating Income (Expenses)	-1.75	0.31	-0.21	-0.34	-1.51	-0.13
EBT Excluding Unusual Items	91.58	85.05	83.08	48.6	128.37	168.09
Gain (Loss) on Sale of Investments	1.88	1.47	8.75	7.32	-	4.3
Gain (Loss) on Sale of Assets	-0.17	-0.17	0	0.19	-	0.03
Asset Writedown	-3.97	-3.65	-5.56	-0.03	-0.45	-0.13
Other Unusual Items	1.27	1.27	3.07	5.56	0.08	-4.54
Pretax Income	90.59	83.97	89.36	61.63	128	167.76
Income Tax Expense	21.18	17.93	7.34	3.45	11.16	15.36
Earnings From Continuing Operations	69.41	66.04	82.02	58.18	116.84	152.4
Minority Interest in Earnings	-0.03	-0.06	1.87	2.33	2.42	2.39
Net Income	69.38	65.98	83.89	60.51	119.26	154.78
Net Income to Common	69.38	65.98	83.89	60.51	119.26	154.78
Net Income Growth	-28.51%	-21.35%	38.65%	-49.27%	-22.95%	12.73%
Shares Outstanding (Basic)	215	213	215	209	213	212
Shares Outstanding (Diluted)	215	213	215	209	213	212
Shares Change	2.05%	-1.05%	3.09%	-2.03%	0.44%	0.37%
EPS (Basic)	0.32	0.31	0.39	0.29	0.56	0.73
EPS (Diluted)	0.32	0.31	0.39	0.29	0.56	0.73
EPS Growth	-29.94%	-20.51%	34.48%	-48.21%	-23.29%	12.31%

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	64.9	16.65	98.89	18.95	109.37	107.85
Free Cash Flow Per Share	0.30	0.08	0.46	0.09	0.51	0.51
Dividend Per Share	0.150	0.150	0.200	0.180	0.330	0.350
Dividend Growth	-25.00%	-25.00%	11.11%	-45.45%	-5.71%	22.51%
Gross Margin	21.42%	20.86%	18.92%	15.85%	22.67%	23.74%
Operating Margin	6.70%	5.70%	6.15%	3.01%	9.95%	12.80%
Profit Margin	7.18%	7.54%	9.21%	6.51%	11.06%	12.98%
Free Cash Flow Margin	6.72%	1.90%	10.85%	2.04%	10.14%	9.04%
EBITDA	102.33	85.33	94.26	67.15	143.4	187.19
EBITDA Margin	10.59%	9.75%	10.34%	7.22%	13.30%	15.70%
D&A For EBITDA	37.62	35.42	38.24	39.12	36.07	34.5
EBIT	64.71	49.91	56.02	28.02	107.33	152.69
EBIT Margin	6.70%	5.70%	6.15%	3.01%	9.95%	12.80%
Effective Tax Rate	23.38%	21.35%	8.21%	5.60%	8.71%	9.16%
Revenue as Reported	874.93	874.93	911.29	929.76	1,078	1,193
Advertising Expenses	-	0.74	0.82	0.85	0.21	0.12