SHE:301178 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	Sep '26 Sep 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	591.68	476.86	222.15	407.37	439.22	466.73
Other Revenue	0.13	0.13	1.48	2.64	-	0.4
Revenue	591.81	476.99	223.63	410.01	439.22	467.13
Revenue Growth	99.92%	113.29%	-45.46%	-6.65%	-5.97%	27.32%
Cost of Revenue	468.09	352.11	194.47	327.38	340.1	350.08
Gross Profit	123.72	124.88	29.16	82.63	99.12	117.05
Selling, General & Admin	74.53	61.44	54.84	44.35	36.13	34.84
Research & Development	17.65	17.28	17.31	17.89	17.83	17.5
Other Operating Expenses	1.32	1.15	1.16	0.66	1.29	1.37
Operating Expenses	124.05	111.48	95.09	89.81	71.22	62.28
Operating Income	-0.32	13.41	-65.93	-7.18	27.89	54.78
Interest Expense	-3.45	-12.93	-1.32	-2.35	-0.07	-0.35
Interest & Investment Income	5.87	7.59	7.31	11.98	14.75	2.01
Currency Exchange Gain (Loss)	0.01	0.01	-0.02	0.03	-0	-0
Other Non Operating Income (Expenses)	-1.18	-1.21	-2.47	-0.05	-0.33	1.89
EBT Excluding Unusual Items	0.92	6.86	-62.44	2.43	42.23	58.32
Impairment of Goodwill	-	-	-2.92	-	-	-
Gain (Loss) on Sale of Investments	0.21	-	-0.02	0.02	-	-
Gain (Loss) on Sale of Assets	-0.13	-0.02	0.42	-	-0	0.24
Asset Writedown	0.05	-0.01	-	-0.01	-	-0
Other Unusual Items	-2.74	-0.99	0.35	0.07	2.48	4.15
Pretax Income	-1.69	5.84	-64.6	2.5	44.71	62.71
Income Tax Expense	-4.04	-3.54	-11.11	-1.89	5.15	7.09
Earnings From Continuing Operations	2.35	9.38	-53.49	4.39	39.56	55.63
Minority Interest in Earnings	2.85	-1.89	3.94	2	0	0.03
Net Income	5.2	7.49	-49.55	6.39	39.56	55.66
Net Income to Common	5.2	7.49	-49.55	6.39	39.56	55.66
Net Income Growth	-	-	-	-83.85%	-28.92%	2.19%
Shares Outstanding (Basic)	95	95	94	89	92	71
Shares Outstanding (Diluted)	95	95	94	89	92	71
Shares Change	0.79%	1.65%	4.76%	-3.06%	29.13%	3.13%
EPS (Basic)	0.05	0.08	-0.53	0.07	0.43	0.78
EPS (Diluted)	0.05	0.08	-0.53	0.07	0.43	0.78
EPS Growth	-	-	-	-83.34%	-44.95%	-0.90%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	11.62	-295.74	-238.1	-70.18	-64.28	-33.85
Free Cash Flow Per Share	0.12	-3.10	-2.54	-0.78	-0.70	-0.47
Dividend Per Share	0.036	0.036	-	0.071	0.058	0.204
Dividend Growth	-	-	-	23.96%	-71.78%	-
Gross Margin	20.91%	26.18%	13.04%	20.15%	22.57%	25.06%
Operating Margin	-0.06%	2.81%	-29.48%	-1.75%	6.35%	11.73%
Profit Margin	0.88%	1.57%	-22.16%	1.56%	9.01%	11.92%
Free Cash Flow Margin	1.96%	-62.00%	-106.47%	-17.12%	-14.64%	-7.25%
EBITDA	72.94	57.04	-61.81	-5.54	29.82	56.75
EBITDA Margin	12.32%	11.96%	-27.64%	-1.35%	6.79%	12.15%
D&A For EBITDA	73.27	43.63	4.12	1.64	1.93	1.97
EBIT	-0.32	13.41	-65.93	-7.18	27.89	54.78
EBIT Margin	-0.06%	2.81%	-29.48%	-1.75%	6.35%	11.73%
Effective Tax Rate	-	-	-	-	11.51%	11.30%
Revenue as Reported	249.32	476.99	223.63	410.01	439.22	467.13
Advertising Expenses	-	0.79	0.64	0.68	1.65	0.41