SHE:301229 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	Jan '22 Jan 1, 2022
Operating Revenue	1,129	1,040	943.59	883.02	677.55	536.34
Other Revenue	33.56	33.56	31.81	20.04	14.64	12.38
Revenue	1,163	1,073	975.4	903.06	692.2	548.72
Revenue Growth	14.44%	10.04%	8.01%	30.46%	26.15%	10.71%
Cost of Revenue	993.9	867.36	756.21	692.57	561.97	420.05
Gross Profit	168.93	205.95	219.19	210.5	130.22	128.67
Selling, General & Admin	90.78	86.69	92.64	76.61	50.33	35.1
Research & Development	60.97	64.24	57.07	46.95	31.79	27.29
Other Operating Expenses	-3.41	-4.2	-3.04	3.3	3.69	4.2
Operating Expenses	151.78	150.16	147.41	130.35	88.71	67.79
Operating Income	17.15	55.78	71.78	80.15	41.51	60.89
Interest Expense	-17.29	-17.29	-23.62	-13	-1.32	-1.02
Interest & Investment Income	2.28	2.28	5.48	6.25	3.55	0.67
Currency Exchange Gain (Loss)	-0.34	-0.34	0.88	0.61	-0.01	-0.08
Other Non Operating Income (Expenses)	6.71	-0.44	-0.22	0.02	0.46	-0.7
EBT Excluding Unusual Items	8.47	40	54.29	74.04	44.19	59.75
Gain (Loss) on Sale of Investments	-2.23	-2.23	-0.49	-0.13	-	-
Gain (Loss) on Sale of Assets	-3.14	-0.45	0.48	-1.02	-2.38	0.02
Asset Writedown	-10.19	-1.8	-2.15	-0.02	-2.11	-0.01
Other Unusual Items	6.07	6.07	3.87	4.15	8.04	1.75
Pretax Income	-1.02	41.58	56	77.01	47.74	61.51
Income Tax Expense	-1.39	3.5	2.35	3.62	6.24	9
Earnings From Continuing Operations	0.37	38.08	53.66	73.39	41.49	52.51
Minority Interest in Earnings	-0.17	-0.14	-0.04	-0.75	0	-
Net Income	0.2	37.94	53.61	72.65	41.49	52.51
Net Income to Common	0.2	37.94	53.61	72.65	41.49	52.51
Net Income Growth	-99.50%	-29.23%	-26.20%	75.08%	-20.98%	-8.56%
Shares Outstanding (Basic)	168	158	158	156	151	117
Shares Outstanding (Diluted)	168	158	158	156	151	117
Shares Change	6.05%	0.26%	0.78%	3.89%	28.78%	-0.25%
EPS (Basic)	0.00	0.24	0.34	0.46	0.28	0.45
EPS (Diluted)	0.00	0.24	0.34	0.46	0.28	0.45
EPS Growth	-99.53%	-29.41%	-26.77%	68.53%	-38.64%	-8.33%

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	Jan '22 Jan 1, 2022
Free Cash Flow	-213.55	-83.97	46.58	-11.94	-169.94	-11.03
Free Cash Flow Per Share	-1.27	-0.53	0.29	-0.08	-1.13	-0.09
Dividend Per Share	0.055	0.055	0.127	0.064	0.051	0.051
Dividend Growth	-56.73%	-56.73%	99.22%	25.10%	0%	-
Gross Margin	14.53%	19.19%	22.47%	23.31%	18.81%	23.45%
Operating Margin	1.47%	5.20%	7.36%	8.88%	6.00%	11.10%
Profit Margin	0.02%	3.54%	5.50%	8.04%	6.00%	9.57%
Free Cash Flow Margin	-18.37%	-7.82%	4.78%	-1.32%	-24.55%	-2.01%
EBITDA	80.17	111.17	121.43	120.35	67.06	79.55
EBITDA Margin	6.89%	10.36%	12.45%	13.33%	9.69%	14.50%
D&A For EBITDA	63.02	55.38	49.65	40.21	25.55	18.67
EBIT	17.15	55.78	71.78	80.15	41.51	60.89
EBIT Margin	1.47%	5.20%	7.36%	8.88%	6.00%	11.10%
Effective Tax Rate	-	8.42%	4.19%	4.70%	13.08%	14.63%
Revenue as Reported	1,073	1,073	975.4	903.06	692.2	548.72
Advertising Expenses	-	3.88	5.91	5.52	0.32	-