SHE:300946 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	691.83	644.16	565.12	525.96	467.89	441.64
Other Revenue	7.2	16.52	20.11	16.52	14.98	13.76
Revenue	699.04	660.68	585.23	542.49	482.88	455.41
Revenue Growth	15.40%	12.89%	7.88%	12.35%	6.03%	19.73%
Cost of Revenue	528.42	501.62	422.37	383.08	346	318.84
Gross Profit	170.62	159.06	162.86	159.4	136.88	136.56
Selling, General & Admin	96.09	76.2	42.9	36.01	31.89	24.43
Research & Development	33.33	29.46	20.37	26.28	15.86	15.8
Other Operating Expenses	4.3	2.12	0.76	2.54	2.41	2.82
Operating Expenses	135.04	111.54	65.87	64.72	52.69	43.68
Operating Income	35.58	47.52	96.99	94.68	84.18	92.89
Interest Expense	-3.76	-5.58	-3.01	-0.73	-0.4	-0.08
Interest & Investment Income	0.38	1.06	0.58	1.4	2.21	8.96
Currency Exchange Gain (Loss)	-0.35	-0.74	0.8	-0.16	1.06	0.43
Other Non Operating Income (Expenses)	-2.5	-0.79	-0.22	-0.14	-0.23	-0.33
EBT Excluding Unusual Items	29.34	41.47	95.14	95.05	86.83	101.87
Gain (Loss) on Sale of Investments	0.51	0.18	0.3	2.78	7.79	2.15
Gain (Loss) on Sale of Assets	-0.27	-0.21	-	-	0.17	-
Asset Writedown	-2.64	-0.99	-0.07	-0.15	-0.35	-0.02
Other Unusual Items	-0.26	0.69	3.54	1.43	-0.22	20.1
Pretax Income	26.68	41.13	98.91	99.11	94.22	124.08
Income Tax Expense	4.22	4.73	11.69	11.92	-0.92	16.38
Earnings From Continuing Operations	22.47	36.4	87.22	87.19	95.14	107.7
Minority Interest in Earnings	0.48	0.45	0.09	0.1	0.09	-
Net Income	22.94	36.85	87.31	87.29	95.24	107.7
Net Income to Common	22.94	36.85	87.31	87.29	95.24	107.7
Net Income Growth	-69.32%	-57.79%	0.03%	-8.35%	-11.57%	15.76%
Shares Outstanding (Basic)	153	154	156	155	157	149
Shares Outstanding (Diluted)	153	154	156	155	157	149
Shares Change	-1.71%	-1.52%	0.30%	-0.81%	5.22%	27.25%
EPS (Basic)	0.15	0.24	0.56	0.56	0.61	0.72
EPS (Diluted)	0.15	0.24	0.56	0.56	0.61	0.72
EPS Growth	-68.78%	-57.14%	-0.27%	-7.60%	-15.96%	-9.03%

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	6.54	-4.27	-14.25	-118.24	-213.76	-22.11
Free Cash Flow Per Share	0.04	-0.03	-0.09	-0.76	-1.36	-0.15
Dividend Per Share	0.120	0.240	0.150	0.177	0.177	0.179
Dividend Growth	-55.56%	60.00%	-15.21%	0%	-1.45%	0%
Gross Margin	24.41%	24.08%	27.83%	29.38%	28.35%	29.99%
Operating Margin	5.09%	7.19%	16.57%	17.45%	17.43%	20.40%
Profit Margin	3.28%	5.58%	14.92%	16.09%	19.72%	23.65%
Free Cash Flow Margin	0.94%	-0.65%	-2.43%	-21.80%	-44.27%	-4.86%
EBITDA	97.94	104.23	140.08	122.2	106.8	112.66
EBITDA Margin	14.01%	15.78%	23.94%	22.53%	22.12%	24.74%
D&A For EBITDA	62.36	56.71	43.08	27.51	22.62	19.77
EBIT	35.58	47.52	96.99	94.68	84.18	92.89
EBIT Margin	5.09%	7.19%	16.57%	17.45%	17.43%	20.40%
Effective Tax Rate	15.80%	11.51%	11.82%	12.02%	-	13.20%
Revenue as Reported	341.17	660.68	585.23	542.49	482.88	455.41
Advertising Expenses	-	7.27	4.38	2.58	1.03	0.56