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	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	533.14	511.6	384.16	426.21	411.69	389.31
Other Revenue	3.54	2.23	1.25	1.48	2.91	3.19
Revenue	536.68	513.83	385.41	427.7	414.59	392.49
Revenue Growth	22.57%	33.32%	-9.89%	3.16%	5.63%	7.78%
Cost of Revenue	308.76	290.16	220.93	254.9	259.71	206.08
Gross Profit	227.91	223.67	164.48	172.8	154.88	186.41
Selling, General & Admin	99.08	89.62	78.56	72.71	66.64	64.47
Research & Development	47.5	47.42	46.1	47.24	46.28	37.57
Other Operating Expenses	7.3	0.63	-4.5	-7.8	-16.2	-0.91
Operating Expenses	155.89	144.1	125.26	114.84	101.23	104.21
Operating Income	72.02	79.56	39.22	57.95	53.66	82.2
Interest Expense	-0.69	-1.03	-1.19	-0.68	-1.54	-1.22
Interest & Investment Income	0.59	0.81	2.49	6.41	3.48	1.55
Currency Exchange Gain (Loss)	0.22	0.12	0.26	0.2	-0.05	0.26
Other Non Operating Income (Expenses)	-15.16	-0.63	-0.14	-0.16	-0.49	-0.15
EBT Excluding Unusual Items	56.98	78.85	40.65	63.72	55.06	82.63
Gain (Loss) on Sale of Investments	4.43	-0.21	1.22	1.34	2.26	1.49
Gain (Loss) on Sale of Assets	0.12	-0.12	0.08	0.36	0.06	0.12
Asset Writedown	-0.01	-	-	-	-	-
Other Unusual Items	22.6	18.65	4.16	5.24	11.18	11.05
Pretax Income	84.13	97.17	46.1	70.65	68.55	95.29
Income Tax Expense	12.17	11.97	5.17	5.01	3.94	10.39
Earnings From Continuing Operations	71.96	85.2	40.93	65.65	64.6	84.9
Minority Interest in Earnings	0.58	-1.79	2.86	0.61	-2.71	0.88
Net Income	72.54	83.41	43.79	66.26	61.9	85.77
Net Income to Common	72.54	83.41	43.79	66.26	61.9	85.77
Net Income Growth	19.65%	90.47%	-33.91%	7.05%	-27.84%	2.36%
Shares Outstanding (Basic)	118	118	118	117	117	108
Shares Outstanding (Diluted)	118	118	118	117	117	108
Shares Change	-1.52%	-0.64%	0.80%	0.27%	8.24%	22.64%
EPS (Basic)	0.62	0.71	0.37	0.56	0.53	0.79
EPS (Diluted)	0.62	0.71	0.37	0.56	0.53	0.79
EPS Growth	21.49%	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	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	136.44	105.05	41.34	-36.55	72.05	56.05
Free Cash Flow Per Share	1.16	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	42.47%	43.53%	42.68%	40.40%	37.36%	47.49%
Operating Margin	13.42%	15.48%	10.18%	13.55%	12.94%	20.94%
Profit Margin	13.52%	16.23%	11.36%	15.49%	14.93%	21.85%
Free Cash Flow Margin	25.42%	20.45%	10.73%	-8.55%	17.38%	14.28%
EBITDA	109.76	114.51	70.67	82.74	75.62	103.55
EBITDA Margin	20.45%	22.29%	18.34%	19.35%	18.24%	26.38%
D&A For EBITDA	37.74	34.94	31.45	24.79	21.97	21.35
EBIT	72.02	79.56	39.22	57.95	53.66	82.2
EBIT Margin	13.42%	15.48%	10.18%	13.55%	12.94%	20.94%
Effective Tax Rate	14.47%	12.32%	11.21%	7.09%	5.75%	10.91%
Revenue as Reported	536.68	513.83	385.41	427.7	414.59	392.49
Advertising Expenses	-	0.29	0.06	1.63	2	1.1