SHE:301148 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	515.59	494.27	537.75	533.34	727.99	647.25
Other Revenue	16	13.95	18.09	21.44	28.15	28.07
Revenue	531.59	508.22	555.84	554.79	756.14	675.32
Revenue Growth	2.40%	-8.57%	0.19%	-26.63%	11.97%	13.00%
Cost of Revenue	331.9	304.34	347.88	353.01	518.93	394.58
Gross Profit	199.69	203.87	207.95	201.77	237.2	280.74
Selling, General & Admin	86.14	83.16	97.59	119.32	122.72	96.75
Research & Development	31.24	29.21	36.51	40.01	50.18	49.35
Other Operating Expenses	3.74	2.86	2.61	2.24	2.92	0.19
Operating Expenses	182.2	172.85	184.42	181.15	187.23	142.72
Operating Income	17.49	31.02	23.53	20.62	49.97	138.02
Interest Expense	-1.94	-1.7	-1.03	-1.83	-2.32	-3.26
Interest & Investment Income	4.7	2.94	1.06	6.39	6.83	0.23
Currency Exchange Gain (Loss)	-1.49	1.79	-0.59	0.4	0.88	0.19
Other Non Operating Income (Expenses)	-0.66	-0.48	-0.77	-1.69	-0.54	1.32
EBT Excluding Unusual Items	18.11	33.57	22.2	23.89	54.83	136.5
Gain (Loss) on Sale of Investments	9.15	8.66	14.63	16.22	7.76	0.31
Gain (Loss) on Sale of Assets	8.93	8.04	5.25	5.93	5	22.36
Asset Writedown	-1.1	-0.94	-0.24	-2.27	-2.4	-4.4
Other Unusual Items	3.92	2.54	4.19	14.39	14.9	16.95
Pretax Income	39.01	51.87	46.03	58.15	80.09	171.72
Income Tax Expense	-0.47	-0.2	-1.74	0.43	-27.16	22.18
Earnings From Continuing Operations	39.48	52.07	47.76	57.72	107.25	149.55
Minority Interest in Earnings	0.93	-0.88	2.44	0.35	-0.65	-0.88
Net Income	40.41	51.19	50.2	58.07	106.6	148.66
Net Income to Common	40.41	51.19	50.2	58.07	106.6	148.66
Net Income Growth	-24.82%	1.98%	-13.55%	-45.52%	-28.30%	1.39%
Shares Outstanding (Basic)	116	116	117	116	107	87
Shares Outstanding (Diluted)	116	116	117	116	107	87
Shares Change	-0.76%	-0.34%	0.52%	8.95%	21.89%	0.19%
EPS (Basic)	0.35	0.44	0.43	0.50	1.00	1.70
EPS (Diluted)	0.35	0.44	0.43	0.50	1.00	1.70
EPS Growth	-24.25%	2.33%	-14.00%	-50.00%	-41.18%	1.19%

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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Free Cash Flow	28.37	7.64	-88.2	-37.29	-96.15	-38.34
Free Cash Flow Per Share	0.24	0.07	-0.76	-0.32	-0.90	-0.44
Dividend Per Share	0.390	0.390	0.390	0.390	0.390	0.520
Dividend Growth	0%	0%	0%	0%	-25.00%	-
Gross Margin	37.56%	40.12%	37.41%	36.37%	31.37%	41.57%
Operating Margin	3.29%	6.10%	4.23%	3.72%	6.61%	20.44%
Profit Margin	7.60%	10.07%	9.03%	10.47%	14.10%	22.01%
Free Cash Flow Margin	5.34%	1.50%	-15.87%	-6.72%	-12.72%	-5.68%
EBITDA	56.8	70.47	79.38	125.69	139.68	207.73
EBITDA Margin	10.69%	13.87%	14.28%	22.66%	18.47%	30.76%
D&A For EBITDA	39.31	39.45	55.85	105.07	89.71	69.71
EBIT	17.49	31.02	23.53	20.62	49.97	138.02
EBIT Margin	3.29%	6.10%	4.23%	3.72%	6.61%	20.44%
Effective Tax Rate	-	-	-	0.74%	-	12.91%
Revenue as Reported	531.59	508.22	555.84	554.79	756.14	675.32
Advertising Expenses	-	-	-	-	1.63	-