SHE:300971 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	496.67	511.6	384.16	426.21	411.69	389.31
Other Revenue	2.23	2.23	1.25	1.48	2.91	3.19
Revenue	498.9	513.83	385.41	427.7	414.59	392.49
Revenue Growth	-2.65%	33.32%	-9.89%	3.16%	5.63%	7.78%
Cost of Revenue	288	290.16	220.93	254.9	259.71	206.08
Gross Profit	210.91	223.67	164.48	172.8	154.88	186.41
Selling, General & Admin	93.86	89.62	78.56	72.71	66.64	64.47
Research & Development	47.19	47.42	46.1	47.24	46.28	37.57
Other Operating Expenses	6.4	0.63	-4.5	-7.8	-16.2	-0.91
Operating Expenses	145.72	144.1	125.26	114.84	101.23	104.21
Operating Income	65.18	79.56	39.22	57.95	53.66	82.2
Interest Expense	-1.04	-1.03	-1.19	-0.68	-1.54	-1.22
Interest & Investment Income	0.81	0.81	2.49	6.41	3.48	1.55
Currency Exchange Gain (Loss)	0.12	0.12	0.26	0.2	-0.05	0.26
Other Non Operating Income (Expenses)	-15.28	-0.63	-0.14	-0.16	-0.49	-0.15
EBT Excluding Unusual Items	49.8	78.85	40.65	63.72	55.06	82.63
Gain (Loss) on Sale of Investments	12.72	-0.21	1.22	1.34	2.26	1.49
Gain (Loss) on Sale of Assets	-0.15	-0.12	0.08	0.36	0.06	0.12
Asset Writedown	0.88	-	-	-	-	-
Other Unusual Items	18.65	18.65	4.16	5.24	11.18	11.05
Pretax Income	81.9	97.17	46.1	70.65	68.55	95.29
Income Tax Expense	11.53	11.97	5.17	5.01	3.94	10.39
Earnings From Continuing Operations	70.37	85.2	40.93	65.65	64.6	84.9
Minority Interest in Earnings	-0.19	-1.79	2.86	0.61	-2.71	0.88
Net Income	70.18	83.41	43.79	66.26	61.9	85.77
Net Income to Common	70.18	83.41	43.79	66.26	61.9	85.77
Net Income Growth	-1.60%	90.47%	-33.91%	7.05%	-27.84%	2.36%
Shares Outstanding (Basic)	115	118	118	117	117	108
Shares Outstanding (Diluted)	115	118	118	117	117	108
Shares Change	-3.24%	-0.64%	0.80%	0.27%	8.24%	22.64%
EPS (Basic)	0.61	0.71	0.37	0.56	0.53	0.79
EPS (Diluted)	0.61	0.71	0.37	0.56	0.53	0.79
EPS Growth	1.70%	91.69%	-34.43%	6.75%	-33.33%	-16.54%

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	107.66	105.05	41.34	-36.55	72.05	56.05
Free Cash Flow Per Share	0.93	0.89	0.35	-0.31	0.61	0.52
Dividend Per Share	0.350	0.250	0.250	0.179	0.179	0.286
Dividend Growth	40.00%	0%	39.98%	0%	-37.49%	0%
Gross Margin	42.27%	43.53%	42.68%	40.40%	37.36%	47.49%
Operating Margin	13.07%	15.48%	10.18%	13.55%	12.94%	20.94%
Profit Margin	14.07%	16.23%	11.36%	15.49%	14.93%	21.85%
Free Cash Flow Margin	21.58%	20.45%	10.73%	-8.55%	17.38%	14.28%
EBITDA	102.75	114.51	70.67	82.74	75.62	103.55
EBITDA Margin	20.59%	22.29%	18.34%	19.35%	18.24%	26.38%
D&A For EBITDA	37.56	34.94	31.45	24.79	21.97	21.35
EBIT	65.18	79.56	39.22	57.95	53.66	82.2
EBIT Margin	13.07%	15.48%	10.18%	13.55%	12.94%	20.94%
Effective Tax Rate	14.08%	12.32%	11.21%	7.09%	5.75%	10.91%
Revenue as Reported	498.9	513.83	385.41	427.7	414.59	392.49
Advertising Expenses	-	0.29	0.06	1.63	2	1.1