SHE:301502 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	413.95	398.43	464.13	470.52	452.78	498.54
Other Revenue	3.9	3.56	19.28	5.44	10.66	-
Revenue	417.84	401.99	483.41	475.96	463.44	498.54
Revenue Growth	-5.17%	-16.84%	1.57%	2.70%	-7.04%	25.97%
Cost of Revenue	344.37	332.14	391	362.57	348.1	374.62
Gross Profit	73.47	69.85	92.41	113.39	115.33	123.92
Selling, General & Admin	34.99	32.52	38.25	25.85	23.56	24.52
Research & Development	15.44	16.4	18.84	19.82	21.87	19.68
Other Operating Expenses	2.67	1.46	-0.18	0.67	2.96	2.71
Operating Expenses	54.89	52.31	60.33	48.57	46.43	49.01
Operating Income	18.58	17.55	32.09	64.82	68.9	74.91
Interest Expense	-1.04	-1.01	-1.1	-1.55	-2.41	-1.38
Interest & Investment Income	4.23	5.11	4.91	0.14	0.17	0.45
Currency Exchange Gain (Loss)	-0.9	-0.27	0.07	0.05	0.15	-0.09
Other Non Operating Income (Expenses)	-0.08	-0.1	-0.05	0.06	-0.12	0.12
EBT Excluding Unusual Items	20.79	21.26	35.92	63.52	66.69	74.01
Gain (Loss) on Sale of Investments	0.58	0.31	0.16	-0	0	-0.03
Gain (Loss) on Sale of Assets	-0	-0	-0.05	0.04	0.03	-
Asset Writedown	-1.01	-1.01	-0.28	-0.05	-0.08	-0.91
Legal Settlements	-	-	0.06	0.21	-0.27	-
Other Unusual Items	1.75	1.66	1.7	9.24	3.58	1.06
Pretax Income	22.1	22.22	37.51	72.96	69.96	74.14
Income Tax Expense	0.6	0.95	3.87	7.63	6.47	9
Earnings From Continuing Operations	21.5	21.27	33.64	65.33	63.48	65.14
Minority Interest in Earnings	0.45	0.04	0	0.02	0.01	0.03
Net Income	21.95	21.31	33.65	65.35	63.5	65.17
Net Income to Common	21.95	21.31	33.65	65.35	63.5	65.17
Net Income Growth	-27.18%	-36.66%	-48.51%	2.92%	-2.57%	7.96%
Shares Outstanding (Basic)	57	57	56	43	43	43
Shares Outstanding (Diluted)	57	57	56	43	43	43
Shares Change	-2.38%	1.78%	30.99%	-0.00%	-0.14%	0.15%
EPS (Basic)	0.38	0.37	0.60	1.53	1.48	1.52
EPS (Diluted)	0.38	0.37	0.60	1.53	1.48	1.52
EPS Growth	-25.40%	-37.77%	-60.69%	2.93%	-2.43%	7.80%

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	77.11	-19.67	-23.71	7.32	-38.86	-50.06
Free Cash Flow Per Share	1.35	-0.34	-0.42	0.17	-0.91	-1.17
Dividend Per Share	0.260	0.260	0.350	0.525	-	-
Dividend Growth	-25.71%	-25.71%	-33.33%	-	-	-
Gross Margin	17.58%	17.38%	19.12%	23.82%	24.89%	24.86%
Operating Margin	4.45%	4.37%	6.64%	13.62%	14.87%	15.02%
Profit Margin	5.25%	5.30%	6.96%	13.73%	13.70%	13.07%
Free Cash Flow Margin	18.45%	-4.89%	-4.91%	1.54%	-8.38%	-10.04%
EBITDA	48.41	45.04	54.79	86.39	85.42	87.42
EBITDA Margin	11.58%	11.20%	11.34%	18.15%	18.43%	17.54%
D&A For EBITDA	29.83	27.49	22.7	21.57	16.52	12.52
EBIT	18.58	17.55	32.09	64.82	68.9	74.91
EBIT Margin	4.45%	4.37%	6.64%	13.62%	14.87%	15.02%
Effective Tax Rate	2.72%	4.29%	10.31%	10.45%	9.25%	12.13%
Revenue as Reported	417.84	401.99	483.41	475.96	463.44	-
Advertising Expenses	-	0.46	0.29	0.51	0.3	0.05