SHE:301173 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	2,256	2,267	2,380	2,467	1,999	1,682
Other Revenue	19.54	12.94	27.78	23.79	21.95	11.36
Revenue	2,276	2,280	2,407	2,491	2,021	1,694
Revenue Growth	-0.41%	-5.28%	-3.35%	23.25%	19.32%	28.63%
Cost of Revenue	1,884	1,892	2,003	2,108	1,721	1,457
Gross Profit	391.55	388.52	404.93	383.09	300.3	236.31
Selling, General & Admin	114.15	116.31	99.35	98.04	115.88	108.68
Research & Development	63.9	58.18	69.36	68.46	62.25	66.93
Other Operating Expenses	8.62	5.86	-4.76	2.09	4.37	-5.52
Operating Expenses	196.75	185.3	186.06	174.31	190.44	173.09
Operating Income	194.8	203.22	218.87	208.78	109.86	63.22
Interest Expense	-0.27	-0.4	-1.23	-5.49	-12.37	-11.45
Interest & Investment Income	12.25	11.7	5.57	2.66	2.1	0.67
Currency Exchange Gain (Loss)	-0.34	0.17	0.33	0.2	2.27	-0.21
Other Non Operating Income (Expenses)	-2.9	-4.2	-4.79	-5.24	-3.15	-1.97
EBT Excluding Unusual Items	203.54	210.49	218.74	200.91	98.72	50.26
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.25
Gain (Loss) on Sale of Assets	0.01	0.59	0.51	-0.12	0.08	-0.02
Asset Writedown	-1.92	-2.05	-5.67	-1.22	-0.42	-0.23
Other Unusual Items	5.93	5.45	6.83	6.15	3.08	1.27
Pretax Income	207.57	214.49	220.42	205.73	101.46	51.03
Income Tax Expense	35.62	41.59	49.17	46.98	31.04	8.19
Earnings From Continuing Operations	171.95	172.9	171.24	158.75	70.42	42.83
Minority Interest in Earnings	-1.04	0.14	-0.44	0.9	0.95	-
Net Income	170.91	173.04	170.8	159.65	71.37	42.83
Net Income to Common	170.91	173.04	170.8	159.65	71.37	42.83
Net Income Growth	13.66%	1.31%	6.98%	123.69%	66.63%	-41.68%
Shares Outstanding (Basic)	88	84	66	66	60	56
Shares Outstanding (Diluted)	88	84	66	66	60	56
Shares Change	19.99%	27.78%	-0.00%	9.23%	7.69%	-
EPS (Basic)	1.95	2.06	2.59	2.42	1.18	0.76
EPS (Diluted)	1.95	2.06	2.59	2.42	1.18	0.76
EPS Growth	-5.28%	-20.71%	6.98%	104.79%	54.73%	-

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	358.41	294.69	-25.28	163.86	94.73	93.62
Free Cash Flow Per Share	4.08	3.50	-0.38	2.49	1.57	1.67
Dividend Per Share	0.366	0.594	-	-	-	-
Dividend Growth	60.53%	-	-	-	-	-
Gross Margin	17.20%	17.04%	16.82%	15.38%	14.86%	13.95%
Operating Margin	8.56%	8.91%	9.09%	8.38%	5.44%	3.73%
Profit Margin	7.51%	7.59%	7.09%	6.41%	3.53%	2.53%
Free Cash Flow Margin	15.75%	12.92%	-1.05%	6.58%	4.69%	5.53%
EBITDA	243.59	253.81	274.01	261.26	152.66	96.73
EBITDA Margin	10.70%	11.13%	11.38%	10.49%	7.55%	5.71%
D&A For EBITDA	48.78	50.59	55.14	52.48	42.8	33.51
EBIT	194.8	203.22	218.87	208.78	109.86	63.22
EBIT Margin	8.56%	8.91%	9.09%	8.38%	5.44%	3.73%
Effective Tax Rate	17.16%	19.39%	22.31%	22.83%	30.59%	16.06%
Revenue as Reported	2,276	2,280	2,407	2,491	2,021	1,694
Advertising Expenses	-	-	-	0	0.01	1.25