SHE:301507 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	851.55	778.67	638.76	580.36	545.65	487.91
Other Revenue	2.96	2.96	2.49	1.37	1.47	1.66
Revenue	854.51	781.63	641.25	581.73	547.12	489.58
Revenue Growth	20.98%	21.89%	10.23%	6.33%	11.75%	11.41%
Cost of Revenue	413.01	384.1	288.19	225.42	219.47	169.18
Gross Profit	441.5	397.53	353.06	356.32	327.65	320.4
Selling, General & Admin	312.53	280.54	246.23	240.88	219.63	226.67
Research & Development	21.95	26.08	23.98	29.56	27.17	24.07
Other Operating Expenses	6.48	5.04	7.07	5.95	5.64	7.39
Operating Expenses	339.69	310.4	277.96	277.3	252.25	258.51
Operating Income	101.81	87.14	75.1	79.02	75.4	61.89
Interest Expense	-0.06	-0.06	-0.06	-0.11	-0.16	-0.51
Interest & Investment Income	18.71	22.1	29.5	13.98	8.79	10.48
Currency Exchange Gain (Loss)	0.01	0.01	-0.06	-	-	-
Other Non Operating Income (Expenses)	-3.31	-0.07	-0.82	-0.12	-0.08	6.97
EBT Excluding Unusual Items	117.17	109.12	103.66	92.77	83.95	78.84
Gain (Loss) on Sale of Investments	19.28	23.88	-0.5	1.06	-0.46	-2.65
Gain (Loss) on Sale of Assets	-0.22	-0	-	-	-0	0.18
Asset Writedown	0.82	-0.08	-0	-	-0.27	-0.29
Other Unusual Items	4.56	4.56	3.1	2.98	4.85	2.86
Pretax Income	141.61	137.48	106.25	96.8	88.07	78.94
Income Tax Expense	19.49	16.44	14.42	11.16	9.06	8.71
Earnings From Continuing Operations	122.12	121.05	91.83	85.63	79.01	70.22
Minority Interest in Earnings	-2.34	-2.26	-	-	-	-
Net Income	119.78	118.79	91.83	85.63	79.01	70.22
Net Income to Common	119.78	118.79	91.83	85.63	79.01	70.22
Net Income Growth	23.52%	29.35%	7.24%	8.38%	12.51%	38.46%
Shares Outstanding (Basic)	362	360	353	295	263	260
Shares Outstanding (Diluted)	362	360	353	295	263	260
Shares Change	1.51%	1.92%	19.61%	12.12%	1.26%	9.28%
EPS (Basic)	0.33	0.33	0.26	0.29	0.30	0.27
EPS (Diluted)	0.33	0.33	0.26	0.29	0.30	0.27
EPS Growth	21.69%	26.92%	-10.35%	-3.33%	11.11%	26.70%

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	-8.66	-19.16	13.57	72.08	68.37	18.75
Free Cash Flow Per Share	-0.02	-0.05	0.04	0.24	0.26	0.07
Dividend Per Share	0.150	0.150	0.100	0.100	-	-
Dividend Growth	50.00%	50.00%	0%	-	-	-
Gross Margin	51.67%	50.86%	55.06%	61.25%	59.89%	65.44%
Operating Margin	11.92%	11.15%	11.71%	13.58%	13.78%	12.64%
Profit Margin	14.02%	15.20%	14.32%	14.72%	14.44%	14.34%
Free Cash Flow Margin	-1.01%	-2.45%	2.12%	12.39%	12.50%	3.83%
EBITDA	129.59	114.11	97.47	105.66	106.79	91.42
EBITDA Margin	15.17%	14.60%	15.20%	18.16%	19.52%	18.67%
D&A For EBITDA	27.78	26.97	22.37	26.64	31.39	29.53
EBIT	101.81	87.14	75.1	79.02	75.4	61.89
EBIT Margin	11.92%	11.15%	11.71%	13.58%	13.78%	12.64%
Effective Tax Rate	13.76%	11.96%	13.57%	11.53%	10.29%	11.04%
Revenue as Reported	781.63	781.63	641.25	581.73	547.12	-
Advertising Expenses	-	41.74	37.41	34.43	77.05	91.52