SHE:300813 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	Sep '26 Sep 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	350.37	308.64	314.25	236.32	345	253.64
Other Revenue	30.9	30.9	34.75	33.54	28.88	29.61
Revenue	381.27	339.54	349	269.86	373.88	283.25
Revenue Growth	19.25%	-2.71%	29.33%	-27.82%	32.00%	41.46%
Cost of Revenue	216.05	189.2	197.86	142	180.31	111.82
Gross Profit	165.23	150.34	151.14	127.86	193.57	171.43
Selling, General & Admin	95.63	85.96	78.17	70.72	73.22	61
Research & Development	52.17	57.21	62.34	58.4	64.47	55.05
Other Operating Expenses	-7.21	-0.17	-2.85	-5.22	-6.87	-4.32
Operating Expenses	140.65	144.52	139.33	125.09	129.8	113.61
Operating Income	24.58	5.82	11.81	2.77	63.78	57.82
Interest Expense	-	-	-14.78	-0.59	-0.88	-0.13
Interest & Investment Income	5.63	9.28	11.59	11.11	10.27	9.2
Currency Exchange Gain (Loss)	-0.73	-0.73	0.14	0.3	-0.06	-0.02
Other Non Operating Income (Expenses)	1.8	-0.08	-0.13	-0.04	-0.02	-0.03
EBT Excluding Unusual Items	31.27	14.29	8.63	13.56	73.09	66.84
Gain (Loss) on Sale of Investments	0.02	0.02	-	-0.01	-	0.05
Gain (Loss) on Sale of Assets	0.37	-	-	-0	0.02	-
Asset Writedown	-1.78	-0.37	-0.55	-0.08	-0.03	-0.16
Other Unusual Items	1.98	2.8	4.68	8.51	6.86	2.91
Pretax Income	31.85	16.74	12.77	21.98	79.95	69.64
Income Tax Expense	2.01	0.45	0.51	3.53	0.26	6.11
Earnings From Continuing Operations	29.84	16.29	12.25	18.45	79.69	63.53
Minority Interest in Earnings	-0	0.2	0.8	1.22	-	-
Net Income	29.84	16.49	13.05	19.67	79.69	63.53
Net Income to Common	29.84	16.49	13.05	19.67	79.69	63.53
Net Income Growth	81.29%	26.32%	-33.65%	-75.32%	25.43%	31.30%
Shares Outstanding (Basic)	117	118	109	109	108	109
Shares Outstanding (Diluted)	117	118	109	116	112	109
Shares Change	-5.63%	8.27%	-6.00%	3.09%	3.28%	2.57%
EPS (Basic)	0.25	0.14	0.12	0.18	0.74	0.58
EPS (Diluted)	0.25	0.14	0.12	0.17	0.71	0.58
EPS Growth	92.10%	16.67%	-29.41%	-76.06%	21.45%	28.01%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	9.58	0.84	6.12	-174.31	60.24	10.05
Free Cash Flow Per Share	0.08	0.01	0.06	-1.51	0.54	0.09
Dividend Per Share	0.030	0.130	0.100	0.100	0.231	0.144
Dividend Growth	-85.00%	30.00%	0%	-56.67%	59.95%	50.00%
Gross Margin	43.34%	44.28%	43.31%	47.38%	51.77%	60.52%
Operating Margin	6.45%	1.71%	3.38%	1.03%	17.06%	20.41%
Profit Margin	7.83%	4.86%	3.74%	7.29%	21.31%	22.43%
Free Cash Flow Margin	2.51%	0.25%	1.75%	-64.59%	16.11%	3.55%
EBITDA	40.75	22.17	28.41	13.96	72.88	64.47
EBITDA Margin	10.69%	6.53%	8.14%	5.17%	19.49%	22.76%
D&A For EBITDA	16.17	16.35	16.59	11.19	9.1	6.65
EBIT	24.58	5.82	11.81	2.77	63.78	57.82
EBIT Margin	6.45%	1.71%	3.38%	1.03%	17.06%	20.41%
Effective Tax Rate	6.32%	2.70%	4.02%	16.07%	0.33%	8.78%
Revenue as Reported	126.35	339.54	349	269.86	373.88	283.25
Advertising Expenses	-	1.94	1.66	2.19	2.44	2.94