SHE:301141 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	Dec '21 Dec 31, 2021
Operating Revenue	793.23	691.87	517.27	461.35	568.57	522.35
Other Revenue	28.51	48.65	29.14	23.25	50.69	23.05
Revenue	821.74	740.52	546.4	484.6	619.26	545.4
Revenue Growth	27.87%	35.53%	12.75%	-21.75%	13.54%	44.25%
Cost of Revenue	715.19	636.49	487.5	411.24	483.89	400.03
Gross Profit	106.56	104.03	58.9	73.36	135.37	145.37
Selling, General & Admin	41.17	45.75	37.65	30.03	20.01	19.74
Research & Development	30.21	25.95	17.82	17.13	21.12	19.89
Other Operating Expenses	-0.62	1.59	0.75	3.43	4.67	2.94
Operating Expenses	72.13	78.24	59.39	51.23	45.06	48.75
Operating Income	34.43	25.78	-0.49	22.12	90.31	96.62
Interest Expense	-0.07	-0.78	-0.25	-1.47	-6.02	-4.85
Interest & Investment Income	3.09	5.97	13.71	22.2	0.13	0.14
Currency Exchange Gain (Loss)	-1.16	-1.47	1.58	0.33	7.51	-0.86
Other Non Operating Income (Expenses)	-6.73	-0.58	-0.42	-0.47	-0.31	-0.19
EBT Excluding Unusual Items	29.55	28.93	14.14	42.72	91.6	90.86
Gain (Loss) on Sale of Investments	-0.02	1.83	1.82	-	-2.64	-
Gain (Loss) on Sale of Assets	-0.44	-0.66	-1.91	-	0.13	0.1
Asset Writedown	-11.01	-0.04	-0.1	-1.01	-0.08	-0
Other Unusual Items	1.13	2.7	3.24	12.01	12.05	6.14
Pretax Income	19.2	32.76	17.18	53.71	101.05	97.11
Income Tax Expense	0.24	0.99	0.62	5.58	11.67	11.96
Earnings From Continuing Operations	18.96	31.77	16.56	48.13	89.38	85.15
Minority Interest in Earnings	1.49	1.41	-	-	-	-
Net Income	20.46	33.18	16.56	48.13	89.38	85.15
Net Income to Common	20.46	33.18	16.56	48.13	89.38	85.15
Net Income Growth	-35.85%	100.37%	-65.59%	-46.15%	4.98%	50.87%
Shares Outstanding (Basic)	123	123	127	116	93	93
Shares Outstanding (Diluted)	123	123	127	116	93	93
Shares Change	-2.97%	-3.53%	9.65%	25.34%	-0.47%	3.73%
EPS (Basic)	0.17	0.27	0.13	0.41	0.96	0.91
EPS (Diluted)	0.17	0.27	0.13	0.41	0.96	0.91
EPS Growth	-33.88%	107.69%	-68.62%	-57.04%	5.47%	45.45%

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	Dec '21 Dec 31, 2021
Free Cash Flow	-334.73	-314.01	-246.4	1.46	143.2	-75.36
Free Cash Flow Per Share	-2.72	-2.56	-1.93	0.01	1.54	-0.81
Dividend Per Share	0.200	0.200	0.100	0.214	0.143	-
Dividend Growth	100.00%	100.00%	-53.34%	49.96%	-	-
Gross Margin	12.97%	14.05%	10.78%	15.14%	21.86%	26.65%
Operating Margin	4.19%	3.48%	-0.09%	4.57%	14.58%	17.72%
Profit Margin	2.49%	4.48%	3.03%	9.93%	14.43%	15.61%
Free Cash Flow Margin	-40.73%	-42.41%	-45.09%	0.30%	23.12%	-13.82%
EBITDA	95.11	64.4	20.86	37.82	104.73	110.07
EBITDA Margin	11.58%	8.70%	3.82%	7.80%	16.91%	20.18%
D&A For EBITDA	60.69	38.62	21.35	15.7	14.43	13.45
EBIT	34.43	25.78	-0.49	22.12	90.31	96.62
EBIT Margin	4.19%	3.48%	-0.09%	4.57%	14.58%	17.72%
Effective Tax Rate	1.23%	3.01%	3.61%	10.39%	11.55%	12.32%
Revenue as Reported	393.98	740.52	546.4	484.6	619.26	-
Advertising Expenses	-	1.96	2.38	0.98	0.33	-