SHE:301380 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	1,136	1,092	983.23	854.32	653.17	668.03
Other Revenue	2.77	3.68	3.41	-	-	-
Revenue	1,139	1,095	986.64	854.32	653.17	668.03
Revenue Growth	2.94%	11.02%	15.49%	30.80%	-2.23%	30.69%
Cost of Revenue	981.96	936.12	814.09	710.12	537.38	545.6
Gross Profit	156.83	159.22	172.55	144.21	115.79	122.43
Selling, General & Admin	51.76	51.07	39.81	37.17	21.31	15.98
Research & Development	30.06	31.56	36.65	29.89	26.1	22.35
Other Operating Expenses	4.8	4.87	1.79	-0.31	0.24	-3.2
Operating Expenses	88.27	90.56	83.66	65.96	55.17	36.91
Operating Income	68.56	68.66	88.89	78.24	60.62	85.52
Interest Expense	-9.11	-8.82	-5.55	-2.1	-0.12	-0.11
Interest & Investment Income	1.91	2.36	5.92	11.18	2.11	1.45
Currency Exchange Gain (Loss)	-1.48	-0.62	-0.04	0.01	-	-
Other Non Operating Income (Expenses)	-5.38	-1.91	-1.61	-1.21	-1.13	2.36
EBT Excluding Unusual Items	54.49	59.67	87.62	86.12	61.48	89.21
Impairment of Goodwill	-	-	-4.8	-	-	-
Gain (Loss) on Sale of Investments	0.05	0.01	0.15	0.38	0.13	0.69
Gain (Loss) on Sale of Assets	0.14	-0.02	-	-	-	-
Asset Writedown	-0	-0.01	-0	-	-	-
Other Unusual Items	3.21	3.02	1.88	2.51	3.8	-
Pretax Income	57.89	62.67	84.85	89.01	65.41	89.9
Income Tax Expense	18.55	19.64	18.08	11.84	6.7	11.1
Earnings From Continuing Operations	39.34	43.03	66.77	77.17	58.71	78.8
Minority Interest in Earnings	-	-	-0.4	-18.1	-11.11	-13.65
Net Income	39.34	43.03	66.37	59.07	47.6	65.15
Net Income to Common	39.34	43.03	66.37	59.07	47.6	65.15
Net Income Growth	-44.57%	-35.17%	12.35%	24.10%	-26.94%	-9.74%
Shares Outstanding (Basic)	101	102	102	100	78	74
Shares Outstanding (Diluted)	101	102	102	100	78	74
Shares Change	-14.84%	0.33%	2.52%	26.98%	6.28%	0.13%
EPS (Basic)	0.39	0.42	0.65	0.59	0.61	0.88
EPS (Diluted)	0.39	0.42	0.65	0.59	0.61	0.88
EPS Growth	-34.91%	-35.38%	9.59%	-2.27%	-31.25%	-9.85%

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	87.26	39.38	-269.87	46.73	24.12	-9.8
Free Cash Flow Per Share	0.86	0.38	-2.64	0.47	0.31	-0.13
Dividend Per Share	0.200	0.200	0.350	0.393	0.269	-
Dividend Growth	-42.86%	-42.86%	-10.96%	46.13%	-	-
Gross Margin	13.77%	14.54%	17.49%	16.88%	17.73%	18.33%
Operating Margin	6.02%	6.27%	9.01%	9.16%	9.28%	12.80%
Profit Margin	3.45%	3.93%	6.73%	6.91%	7.29%	9.75%
Free Cash Flow Margin	7.66%	3.60%	-27.35%	5.47%	3.69%	-1.47%
EBITDA	81.68	80.95	96.93	81.65	61.19	86.18
EBITDA Margin	7.17%	7.39%	9.83%	9.56%	9.37%	12.90%
D&A For EBITDA	13.12	12.29	8.04	3.4	0.57	0.66
EBIT	68.56	68.66	88.89	78.24	60.62	85.52
EBIT Margin	6.02%	6.27%	9.01%	9.16%	9.28%	12.80%
Effective Tax Rate	32.05%	31.34%	21.31%	13.31%	10.25%	12.34%
Revenue as Reported	1,139	1,095	986.64	854.32	653.17	668.03
Advertising Expenses	-	0.17	0.14	0.79	0.41	0.71