SHE:301468 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	413.41	498.96	457.4	601.86	573.75	618.23
Other Revenue	4.59	3.79	2.91	1.9	1.18	0.68
Revenue	418	502.75	460.31	603.76	574.93	618.91
Revenue Growth	-7.43%	9.22%	-23.76%	5.01%	-7.11%	12.43%
Cost of Revenue	324.94	385.84	333.58	391.62	395.81	381.79
Gross Profit	93.06	116.9	126.73	212.14	179.12	237.12
Selling, General & Admin	64.83	59.47	44.05	30.74	19.99	34.91
Research & Development	19.71	20.18	19.93	27.82	24.94	24.42
Other Operating Expenses	5.91	2.83	4	2.73	5.22	4.13
Operating Expenses	72.55	78.14	81.39	74.55	55.34	69.96
Operating Income	20.52	38.77	45.35	137.59	123.78	167.16
Interest Expense	-0.78	-0.6	-	-0.01	-0.21	-0.88
Interest & Investment Income	22.06	22.09	25.96	10.51	4.56	4.18
Currency Exchange Gain (Loss)	-12.45	4.1	1.29	0.33	5.22	8.07
Other Non Operating Income (Expenses)	0.52	-0.28	0.4	-2.07	-0.14	-0.65
EBT Excluding Unusual Items	29.87	64.08	73	146.35	133.21	177.88
Gain (Loss) on Sale of Investments	10.55	6.07	7.19	4.36	0.31	0.4
Gain (Loss) on Sale of Assets	0.03	0.23	0.01	0	-	-
Asset Writedown	-7.77	-6.02	-0.01	-0.01	-0.02	-0.1
Other Unusual Items	-0.77	-0.17	-0.17	0.11	1.14	1.39
Pretax Income	31.91	64.19	80.02	150.82	134.65	179.57
Income Tax Expense	7.25	9.59	10.6	19.78	13.68	25.51
Earnings From Continuing Operations	24.66	54.61	69.42	131.04	120.96	154.07
Minority Interest in Earnings	0	0	-	-	-	-
Net Income	24.66	54.61	69.42	131.04	120.96	154.07
Net Income to Common	24.66	54.61	69.42	131.04	120.96	154.07
Net Income Growth	-41.24%	-21.34%	-47.02%	8.33%	-21.49%	8.11%
Shares Outstanding (Basic)	172	173	170	147	129	128
Shares Outstanding (Diluted)	172	173	170	147	129	128
Shares Change	15.43%	1.68%	15.95%	13.94%	0.39%	2.57%
EPS (Basic)	0.14	0.32	0.41	0.89	0.94	1.20
EPS (Diluted)	0.14	0.32	0.41	0.89	0.94	1.20
EPS Growth	-49.09%	-22.64%	-54.31%	-4.92%	-21.79%	5.40%

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	-130.62	-234.33	-109.87	63.92	8.04	116.28
Free Cash Flow Per Share	-0.76	-1.35	-0.65	0.43	0.06	0.91
Dividend Per Share	0.154	0.154	0.200	0.385	-	-
Dividend Growth	-23.10%	-23.10%	-48.00%	23.47%	-	-
Gross Margin	22.26%	23.25%	27.53%	35.14%	31.16%	38.31%
Operating Margin	4.91%	7.71%	9.85%	22.79%	21.53%	27.01%
Profit Margin	5.90%	10.86%	15.08%	21.70%	21.04%	24.89%
Free Cash Flow Margin	-31.25%	-46.61%	-23.87%	10.59%	1.40%	18.79%
EBITDA	67.73	71.21	67.59	159.83	141.77	181.96
EBITDA Margin	16.20%	14.16%	14.68%	26.47%	24.66%	29.40%
D&A For EBITDA	47.21	32.44	22.24	22.23	17.99	14.81
EBIT	20.52	38.77	45.35	137.59	123.78	167.16
EBIT Margin	4.91%	7.71%	9.85%	22.79%	21.53%	27.01%
Effective Tax Rate	22.72%	14.93%	13.25%	13.11%	10.16%	14.20%
Revenue as Reported	418	502.75	460.31	603.76	574.93	-
Advertising Expenses	-	0.76	0.12	-	-	-