SHE:300920 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	404.13	416.78	403.41	357.28	387.34	498.5
Other Revenue	4.75	5.13	3.13	1.98	2.36	3
Revenue	408.88	421.91	406.55	359.26	389.7	501.5
Revenue Growth	-0.65%	3.78%	13.16%	-7.81%	-22.29%	15.52%
Cost of Revenue	308.08	329.84	325.1	276.95	311.57	328.24
Gross Profit	100.8	92.07	81.45	82.32	78.13	173.26
Selling, General & Admin	56.27	55.13	49.94	39.98	45.14	43.31
Research & Development	14.87	11.76	15.34	11.03	21.9	22.86
Other Operating Expenses	6.03	4.43	3.41	2.88	3.47	4.61
Operating Expenses	78.86	73.55	69.78	59.38	68.72	71.71
Operating Income	21.93	18.53	11.67	22.94	9.41	101.55
Interest Expense	-6.68	-4.22	-1.54	-1.55	-4.35	-6.09
Interest & Investment Income	6.15	8.02	13.73	14.98	14.17	12.1
Currency Exchange Gain (Loss)	-12.14	3.17	-1.34	-0.66	10.59	-1.64
Other Non Operating Income (Expenses)	-0.25	-0.45	0.19	-0.42	-0.3	-0.48
EBT Excluding Unusual Items	9.01	25.04	22.71	35.29	29.52	105.44
Gain (Loss) on Sale of Investments	-0.5	-0.53	0	-	-	-
Gain (Loss) on Sale of Assets	-0.93	-0.24	-0.03	0.02	0.03	0.59
Asset Writedown	-0	-6.53	-2.03	-0.89	-0.4	-0.23
Other Unusual Items	0.14	0.15	0.49	3.51	9.54	9.59
Pretax Income	7.72	17.88	21.15	37.92	38.69	115.39
Income Tax Expense	-5.74	-2.38	5.56	-1.26	5.22	25.32
Earnings From Continuing Operations	13.46	20.26	15.59	39.19	33.47	90.07
Minority Interest in Earnings	1.56	6.7	9.85	2.87	-	-
Net Income	15.02	26.97	25.44	42.05	33.47	90.07
Net Income to Common	15.02	26.97	25.44	42.05	33.47	90.07
Net Income Growth	-26.73%	6.01%	-39.51%	25.66%	-62.84%	-29.05%
Shares Outstanding (Basic)	144	130	132	130	132	130
Shares Outstanding (Diluted)	144	130	132	130	132	130
Shares Change	11.11%	-1.85%	1.64%	-1.29%	1.35%	33.23%
EPS (Basic)	0.10	0.21	0.19	0.32	0.25	0.69
EPS (Diluted)	0.10	0.21	0.19	0.32	0.25	0.69
EPS Growth	-34.06%	8.01%	-40.48%	27.30%	-63.34%	-46.75%

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	18.18	-69.54	-69.97	-42.62	-42.83	-85.52
Free Cash Flow Per Share	0.13	-0.54	-0.53	-0.33	-0.33	-0.66
Dividend Per Share	0.077	0.077	0.077	0.154	-	0.615
Dividend Growth	0%	0%	-50.00%	-	-	100.00%
Gross Margin	24.65%	21.82%	20.03%	22.91%	20.05%	34.55%
Operating Margin	5.36%	4.39%	2.87%	6.38%	2.41%	20.25%
Profit Margin	3.67%	6.39%	6.26%	11.71%	8.59%	17.96%
Free Cash Flow Margin	4.45%	-16.48%	-17.21%	-11.86%	-10.99%	-17.05%
EBITDA	63.4	63.63	56.2	61.84	40.27	123.98
EBITDA Margin	15.51%	15.08%	13.82%	17.21%	10.33%	24.72%
D&A For EBITDA	41.47	45.1	44.53	38.91	30.86	22.43
EBIT	21.93	18.53	11.67	22.94	9.41	101.55
EBIT Margin	5.36%	4.39%	2.87%	6.38%	2.41%	20.25%
Effective Tax Rate	-	-	26.27%	-	13.50%	21.94%
Revenue as Reported	408.88	421.91	406.55	359.26	389.7	501.5
Advertising Expenses	-	0.42	0.16	0.07	0.58	2.1