SHE:301388 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	522.81	470.92	461.9	433.81	472.65	517.27
Other Revenue	4.35	5.66	6.6	1.25	8.69	3.86
Revenue	527.16	476.58	468.5	435.06	481.34	521.14
Revenue Growth	8.16%	1.73%	7.69%	-9.62%	-7.64%	17.00%
Cost of Revenue	414.89	376.21	378.63	339.64	356.09	369.56
Gross Profit	112.27	100.37	89.86	95.42	125.25	151.58
Selling, General & Admin	59.26	59.29	58.1	50.22	34.71	36.69
Research & Development	28.46	26.28	30.47	32.32	27.41	27.46
Other Operating Expenses	3.79	1.97	1.17	1.21	3	3.58
Operating Expenses	94.2	88.79	91.91	84.64	67.81	67.74
Operating Income	18.07	11.58	-2.04	10.78	57.45	83.85
Interest Expense	-0.95	-0.64	-1.59	-2.88	-3.44	-3.37
Interest & Investment Income	5.67	8.03	12.9	17.82	3.21	0.47
Currency Exchange Gain (Loss)	-0.64	0	0.59	0.18	0.3	-0.22
Other Non Operating Income (Expenses)	2.13	-0.07	-0.17	-0.14	-0.06	-0.15
EBT Excluding Unusual Items	24.28	18.9	9.69	25.75	57.45	80.58
Gain (Loss) on Sale of Investments	-	-	-	-	0	-
Gain (Loss) on Sale of Assets	0.02	0.04	0.07	16.27	0.19	-0.04
Asset Writedown	-0.79	-0.84	-0.58	-0.82	-0.08	-0.4
Other Unusual Items	7.92	5.51	2.76	5.05	10.04	15.19
Pretax Income	31.43	23.61	11.94	46.26	67.6	95.33
Income Tax Expense	0.76	0.03	-3.38	1.27	2.81	9.8
Earnings From Continuing Operations	30.67	23.57	15.32	44.98	64.78	85.53
Minority Interest in Earnings	-3.36	-2.42	-0.01	-2.17	-4.26	-3.39
Net Income	27.31	21.16	15.31	42.81	60.52	82.15
Net Income to Common	27.31	21.16	15.31	42.81	60.52	82.15
Net Income Growth	51.69%	38.14%	-64.23%	-29.26%	-26.33%	-1.64%
Shares Outstanding (Basic)	100	101	102	102	81	77
Shares Outstanding (Diluted)	100	101	102	102	81	77
Shares Change	-3.14%	-1.33%	0.16%	26.32%	5.02%	-
EPS (Basic)	0.27	0.21	0.15	0.42	0.75	1.07
EPS (Diluted)	0.27	0.21	0.15	0.42	0.75	1.07
EPS Growth	60.39%	40.00%	-64.29%	-44.00%	-29.85%	-1.64%

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	-32.56	4.84	-21.15	-12.62	-19.15	-58.36
Free Cash Flow Per Share	-0.33	0.05	-0.21	-0.12	-0.24	-0.76
Dividend Per Share	0.200	0.200	0.100	0.350	0.600	-
Dividend Growth	100.00%	100.00%	-71.43%	-41.67%	-	-
Gross Margin	21.30%	21.06%	19.18%	21.93%	26.02%	29.09%
Operating Margin	3.43%	2.43%	-0.44%	2.48%	11.94%	16.09%
Profit Margin	5.18%	4.44%	3.27%	9.84%	12.57%	15.76%
Free Cash Flow Margin	-6.18%	1.02%	-4.51%	-2.90%	-3.98%	-11.20%
EBITDA	63.38	54.92	38.57	42.55	78.54	103.26
EBITDA Margin	12.02%	11.52%	8.23%	9.78%	16.32%	19.81%
D&A For EBITDA	45.31	43.34	40.62	31.77	21.09	19.41
EBIT	18.07	11.58	-2.04	10.78	57.45	83.85
EBIT Margin	3.43%	2.43%	-0.44%	2.48%	11.94%	16.09%
Effective Tax Rate	2.43%	0.15%	-	2.76%	4.16%	10.28%
Revenue as Reported	527.16	476.58	468.5	435.06	481.34	521.14
Advertising Expenses	-	2.86	2.92	1.34	0.68	1.04