SHE:301162 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	733.57	702.59	539.72	441.47	359.53	288.33
Other Revenue	14.78	14.78	10.04	14.76	-	11.82
Revenue	748.35	717.37	549.76	456.22	359.53	300.15
Revenue Growth	15.77%	30.49%	20.50%	26.89%	19.78%	20.92%
Cost of Revenue	277.67	273.89	187.36	148.04	120.06	109.89
Gross Profit	470.68	443.48	362.4	308.18	239.47	190.26
Selling, General & Admin	229.82	219.19	194.71	163.76	124.25	85.42
Research & Development	99.52	92.6	82.45	84.7	61.48	38.89
Other Operating Expenses	-5	-3.34	-1.52	-3.37	-2.5	-3.24
Operating Expenses	335.8	319.91	285.93	256.09	191.25	126.25
Operating Income	134.88	123.57	76.47	52.1	48.22	64
Interest Expense	-14.32	-14.32	-3.8	-1.02	-0.33	-0.43
Interest & Investment Income	43.94	23.11	15.85	19.41	12.83	1.56
Currency Exchange Gain (Loss)	-0.02	-0.02	-0.02	0.05	0	-0.03
Other Non Operating Income (Expenses)	-4.33	-0.63	-0.1	-0.5	-0.26	-0.02
EBT Excluding Unusual Items	160.15	131.72	88.4	70.04	60.46	65.08
Gain (Loss) on Sale of Investments	3.63	3.65	6.66	7.03	0.65	0.83
Gain (Loss) on Sale of Assets	0.08	0.29	-	0.1	-	0.18
Asset Writedown	-1.12	-1.12	-0.1	-0.04	0.04	-0.04
Other Unusual Items	0.98	0.98	1.67	6.33	4.41	-0.85
Pretax Income	163.72	135.52	96.63	83.47	65.57	65.19
Income Tax Expense	7.31	3.17	2.01	1.55	-1.07	6.02
Earnings From Continuing Operations	156.41	132.35	94.61	81.91	66.64	59.17
Minority Interest in Earnings	-2.01	-2.09	-1.03	2.33	0.45	0
Net Income	154.4	130.25	93.59	84.25	67.08	59.18
Net Income to Common	154.4	130.25	93.59	84.25	67.08	59.18
Net Income Growth	47.24%	39.18%	11.09%	25.59%	13.36%	9.16%
Shares Outstanding (Basic)	182	175	168	166	152	125
Shares Outstanding (Diluted)	184	177	168	171	154	125
Shares Change	8.76%	5.39%	-1.49%	10.46%	23.12%	0.29%
EPS (Basic)	0.85	0.74	0.56	0.51	0.44	0.47
EPS (Diluted)	0.84	0.74	0.56	0.49	0.43	0.47
EPS Growth	35.39%	32.06%	12.77%	13.69%	-7.92%	8.84%

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	15.75	-57.25	-83.1	31.87	53.46	40.31
Free Cash Flow Per Share	0.09	-0.32	-0.49	0.19	0.35	0.32
Dividend Per Share	0.486	0.486	0.280	0.268	0.234	0.191
Dividend Growth	73.59%	73.59%	4.44%	14.54%	22.27%	-
Gross Margin	62.90%	61.82%	65.92%	67.55%	66.61%	63.39%
Operating Margin	18.02%	17.23%	13.91%	11.42%	13.41%	21.32%
Profit Margin	20.63%	18.16%	17.02%	18.47%	18.66%	19.71%
Free Cash Flow Margin	2.10%	-7.98%	-15.12%	6.98%	14.87%	13.43%
EBITDA	173.39	155.53	89.38	55.33	50.6	65.19
EBITDA Margin	23.17%	21.68%	16.26%	12.13%	14.07%	21.72%
D&A For EBITDA	38.51	31.96	12.91	3.24	2.38	1.19
EBIT	134.88	123.57	76.47	52.1	48.22	64
EBIT Margin	18.02%	17.23%	13.91%	11.42%	13.41%	21.32%
Effective Tax Rate	4.47%	2.34%	2.08%	1.86%	-	9.24%
Revenue as Reported	717.37	717.37	549.76	456.22	359.53	300.15
Advertising Expenses	-	2.36	2.52	1.76	1.62	1.03