SHE:300770 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	1,519	1,588	1,553	1,506	1,415	1,391
Other Revenue	38.06	38.06	25.43	17.37	14.01	18.07
Revenue	1,557	1,626	1,579	1,523	1,429	1,409
Revenue Growth	-4.14%	3.00%	3.63%	6.64%	1.39%	15.43%
Cost of Revenue	844.79	852.39	786.17	736.57	659.9	644.07
Gross Profit	712.59	773.78	792.59	786.87	768.75	764.98
Selling, General & Admin	85.81	92.54	88.36	86.57	100.61	70.98
Research & Development	35.48	48.79	50.76	49.27	47.46	46.34
Other Operating Expenses	1.4	1.45	5.43	3.75	4.85	-5.06
Operating Expenses	127.85	147.94	153.79	145.82	148.46	108.72
Operating Income	584.74	625.83	638.8	641.05	620.29	656.27
Interest Expense	-0.2	-0.2	-0.49	-0.72	-0.16	-0.18
Interest & Investment Income	65.04	64.61	56.84	78.48	74.9	58.55
Other Non Operating Income (Expenses)	-36.79	-22.76	-20.75	-18.38	-15.82	-15.19
EBT Excluding Unusual Items	612.79	667.49	674.41	700.43	679.22	699.44
Impairment of Goodwill	-	-	-	-	-	-12.55
Gain (Loss) on Sale of Investments	-0.1	0.12	-1.7	-9.62	-3.3	-1.21
Gain (Loss) on Sale of Assets	-	-	-	0.03	-0.03	-0.07
Asset Writedown	5.8	-1.76	-0.01	-3.23	-1.1	-14.95
Other Unusual Items	-0.88	-0.88	0.07	11.97	18.44	10.65
Pretax Income	617.6	664.97	672.77	699.58	693.23	681.3
Income Tax Expense	4.8	5.28	15.01	-7.89	2.55	2.93
Earnings From Continuing Operations	612.8	659.69	657.76	707.47	690.68	678.37
Minority Interest in Earnings	0.92	0.75	0.1	0.21	0.64	1.36
Net Income	613.72	660.43	657.86	707.68	691.32	679.74
Net Income to Common	613.72	660.43	657.86	707.68	691.32	679.74
Net Income Growth	-15.44%	0.39%	-7.04%	2.37%	1.70%	18.23%
Shares Outstanding (Basic)	228	229	229	229	229	230
Shares Outstanding (Diluted)	228	229	229	229	229	230
Shares Change	-0.31%	-0.30%	0.09%	0.05%	-0.32%	-0.54%
EPS (Basic)	2.69	2.89	2.87	3.09	3.02	2.96
EPS (Diluted)	2.69	2.89	2.87	3.09	3.02	2.96
EPS Growth	-15.18%	0.70%	-7.12%	2.32%	2.03%	18.88%

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	487.56	676.56	305.75	540.87	873.84	840.41
Free Cash Flow Per Share	2.14	2.96	1.33	2.36	3.82	3.66
Dividend Per Share	2.800	2.800	1.560	1.860	1.360	1.200
Dividend Growth	268.42%	79.49%	-16.13%	36.77%	13.33%	50.00%
Gross Margin	45.76%	47.58%	50.20%	51.65%	53.81%	54.29%
Operating Margin	37.55%	38.48%	40.46%	42.08%	43.42%	46.58%
Profit Margin	39.41%	40.61%	41.67%	46.45%	48.39%	48.24%
Free Cash Flow Margin	31.31%	41.60%	19.37%	35.50%	61.17%	59.64%
EBITDA	660.62	698.71	711.73	719.21	739.34	836.23
EBITDA Margin	42.42%	42.97%	45.08%	47.21%	51.75%	59.35%
D&A For EBITDA	75.87	72.88	72.93	78.16	119.05	179.97
EBIT	584.74	625.83	638.8	641.05	620.29	656.27
EBIT Margin	37.55%	38.48%	40.46%	42.08%	43.42%	46.58%
Effective Tax Rate	0.78%	0.79%	2.23%	-	0.37%	0.43%
Revenue as Reported	1,626	1,626	1,579	1,523	1,429	1,409
Advertising Expenses	-	-	-	24.26	36.8	39.69