SHE:300792 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	948.08	1,051	1,213	1,278	1,528	1,125
Other Revenue	22.38	22.38	23.22	9.9	10.47	10.33
Revenue	970.46	1,073	1,236	1,288	1,539	1,135
Revenue Growth	-15.38%	-13.17%	-4.02%	-16.31%	35.55%	-12.59%
Cost of Revenue	683.57	771.25	947.84	915.29	1,025	594.64
Gross Profit	286.89	301.76	287.97	372.33	513.94	540.43
Selling, General & Admin	183.18	196.1	221.4	256.43	242.75	167.24
Research & Development	8.7	8.42	11.27	16.66	32.31	24.43
Other Operating Expenses	14.56	16.04	16.26	27.19	29.61	28.69
Operating Expenses	205.67	219.81	250.22	293.76	310.81	226.23
Operating Income	81.22	81.95	37.75	78.56	203.13	314.19
Interest Expense	-0.32	-0.32	-0.18	-1.05	-2.18	-1.51
Interest & Investment Income	39.48	49.63	54.89	57.94	51.35	92
Currency Exchange Gain (Loss)	-0.84	-0.84	0.53	0.54	-2.84	-0.36
Other Non Operating Income (Expenses)	-3.31	-4.64	-15.91	-20.5	-17.14	-10.4
EBT Excluding Unusual Items	116.22	125.78	77.07	115.49	232.32	393.92
Impairment of Goodwill	-	-	-	-	-19.26	-
Gain (Loss) on Sale of Investments	-5.11	-5.32	-8.12	0.97	16.91	33.49
Gain (Loss) on Sale of Assets	0.87	-0.18	1.21	0.03	0.01	0.22
Asset Writedown	3.53	-	-	-	-	-
Other Unusual Items	3.02	3.02	6.16	3.79	24.14	16.36
Pretax Income	118.53	123.29	76.33	120.28	254.12	444
Income Tax Expense	15.99	16.36	0.7	12.33	41.9	84.26
Earnings From Continuing Operations	102.54	106.94	75.63	107.95	212.22	359.74
Minority Interest in Earnings	0.61	0.63	0.37	-0.01	-32.18	-32.96
Net Income	103.15	107.56	75.99	107.93	180.04	326.78
Net Income to Common	103.15	107.56	75.99	107.93	180.04	326.78
Net Income Growth	29.11%	41.54%	-29.59%	-40.05%	-44.91%	5.39%
Shares Outstanding (Basic)	240	239	237	235	237	225
Shares Outstanding (Diluted)	240	239	237	235	237	225
Shares Change	1.50%	0.65%	1.21%	-0.95%	5.12%	4.18%
EPS (Basic)	0.43	0.45	0.32	0.46	0.76	1.45
EPS (Diluted)	0.43	0.45	0.32	0.46	0.76	1.45
EPS Growth	27.20%	40.63%	-30.44%	-39.47%	-47.59%	1.17%

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	316.33	356.31	226.06	7.46	-209.07	-100.64
Free Cash Flow Per Share	1.32	1.49	0.95	0.03	-0.88	-0.45
Dividend Per Share	0.140	0.140	0.100	0.135	0.150	0.250
Dividend Growth	40.00%	40.00%	-25.93%	-10.00%	-40.00%	-31.84%
Gross Margin	29.56%	28.12%	23.30%	28.92%	33.40%	47.61%
Operating Margin	8.37%	7.64%	3.05%	6.10%	13.20%	27.68%
Profit Margin	10.63%	10.02%	6.15%	8.38%	11.70%	28.79%
Free Cash Flow Margin	32.60%	33.21%	18.29%	0.58%	-13.59%	-8.87%
EBITDA	113.02	115.06	71.42	108.4	218.78	324.54
EBITDA Margin	11.65%	10.72%	5.78%	8.42%	14.22%	28.59%
D&A For EBITDA	31.8	33.1	33.67	29.84	15.64	10.35
EBIT	81.22	81.95	37.75	78.56	203.13	314.19
EBIT Margin	8.37%	7.64%	3.05%	6.10%	13.20%	27.68%
Effective Tax Rate	13.49%	13.27%	0.92%	10.26%	16.49%	18.98%
Revenue as Reported	1,073	1,073	1,236	1,288	1,539	1,135
Advertising Expenses	-	65.74	77.01	90.15	62.93	49.46