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	535.16	511.6	384.16	426.21	411.69	389.31
Other Revenue	1.52	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	306.38	290.16	220.93	254.9	259.71	206.08
Gross Profit	230.3	223.67	164.48	172.8	154.88	186.41
Selling, General & Admin	99.44	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	0.39	0.63	-4.5	-7.8	-16.2	-0.91
Operating Expenses	150.67	144.1	125.26	114.84	101.23	104.21
Operating Income	79.63	79.56	39.22	57.95	53.66	82.2
Interest Expense	-0.38	-1.03	-1.19	-0.68	-1.54	-1.22
Interest & Investment Income	0.32	0.81	2.49	6.41	3.48	1.55
Currency Exchange Gain (Loss)	0.05	0.12	0.26	0.2	-0.05	0.26
Other Non Operating Income (Expenses)	3.08	-0.63	-0.14	-0.16	-0.49	-0.15
EBT Excluding Unusual Items	82.7	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	-2.02	-	-	-	-	-
Other Unusual Items	-1.1	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)	117	118	118	117	117	108
Shares Outstanding (Diluted)	117	118	118	117	117	108
Shares Change	5.03%	-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	13.91%	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	1.17	0.89	0.35	-0.31	0.61	0.52
Dividend Per Share	0.250	0.250	0.250	0.179	0.179	0.286
Dividend Growth	0%	0%	39.98%	0%	-37.49%	0%
Gross Margin	42.91%	43.53%	42.68%	40.40%	37.36%	47.49%
Operating Margin	14.84%	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	118.36	114.51	70.67	82.74	75.62	103.55
EBITDA Margin	22.05%	22.29%	18.34%	19.35%	18.24%	26.38%
D&A For EBITDA	38.73	34.94	31.45	24.79	21.97	21.35
EBIT	79.63	79.56	39.22	57.95	53.66	82.2
EBIT Margin	14.84%	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	285.82	513.83	385.41	427.7	414.59	392.49
Advertising Expenses	-	0.29	0.06	1.63	2	1.1