SHE:301512 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	Sep '26 Sep 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	571.11	527.21	566.26	633.61	542.15	486.65
Other Revenue	16.96	16.96	10.04	26.12	5.14	4.23
Revenue	588.07	544.17	576.3	659.72	547.29	490.87
Revenue Growth	-0.32%	-5.57%	-12.65%	20.54%	11.49%	22.91%
Cost of Revenue	356.74	335.31	369.76	443.9	309.53	257.58
Gross Profit	231.33	208.87	206.54	215.83	237.76	233.29
Selling, General & Admin	81.4	81.34	82.46	75.36	78.36	69.68
Research & Development	105.66	100.56	87.47	72.5	70.46	46.58
Other Operating Expenses	6.22	2.33	0.23	-3.01	3.97	6.02
Operating Expenses	202.79	183.22	175.47	145	161.74	123.53
Operating Income	28.54	25.64	31.07	70.83	76.02	109.75
Interest Expense	-0.34	-1.15	-0.74	-0.67	-0.24	-1.03
Interest & Investment Income	1.13	5.17	7.84	5.79	0.82	0.16
Currency Exchange Gain (Loss)	-2.17	-2.17	0.97	1.96	6.13	-2.95
Other Non Operating Income (Expenses)	2.6	-0.04	0.04	0.05	4.25	-4.42
EBT Excluding Unusual Items	29.77	27.45	39.18	77.95	86.99	101.52
Gain (Loss) on Sale of Investments	2.21	1.89	3.23	2.15	1.89	2.08
Gain (Loss) on Sale of Assets	0.07	0.22	0.18	-	-	-0.02
Asset Writedown	-2.53	-0.04	-0.1	-3.8	-0.01	-0.02
Other Unusual Items	2.05	2.28	0.87	7.24	7.88	5.1
Pretax Income	31.57	31.8	43.37	83.54	96.75	108.66
Income Tax Expense	-0.16	-2.83	-1.55	2.39	7.74	13.99
Earnings From Continuing Operations	31.73	34.63	44.92	81.15	89.01	94.66
Minority Interest in Earnings	-0.04	0.23	0.58	-0.19	0.02	-0.04
Net Income	31.69	34.86	45.5	80.96	89.03	94.62
Net Income to Common	31.69	34.86	45.5	80.96	89.03	94.62
Net Income Growth	-14.72%	-23.40%	-43.79%	-9.07%	-5.91%	15.65%
Shares Outstanding (Basic)	75	75	75	64	56	56
Shares Outstanding (Diluted)	75	75	75	64	56	56
Shares Change	0.06%	0.16%	17.71%	13.92%	-0.19%	-
EPS (Basic)	0.42	0.46	0.61	1.27	1.59	1.69
EPS (Diluted)	0.42	0.46	0.61	1.27	1.59	1.69
EPS Growth	-14.77%	-23.52%	-52.25%	-20.18%	-5.73%	15.65%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	0.72	115.46	-278.39	47.88	40.76	70.53
Free Cash Flow Per Share	0.01	1.54	-3.71	0.75	0.73	1.26
Dividend Per Share	0.268	0.268	0.268	0.536	-	-
Dividend Growth	0%	0%	-49.99%	-	-	-
Gross Margin	39.34%	38.38%	35.84%	32.71%	43.44%	47.52%
Operating Margin	4.85%	4.71%	5.39%	10.74%	13.89%	22.36%
Profit Margin	5.39%	6.41%	7.90%	12.27%	16.27%	19.28%
Free Cash Flow Margin	0.12%	21.22%	-48.31%	7.26%	7.45%	14.37%
EBITDA	52.94	43.85	41.03	80.59	84.66	116.58
EBITDA Margin	9.00%	8.06%	7.12%	12.22%	15.47%	23.75%
D&A For EBITDA	24.4	18.21	9.95	9.76	8.63	6.82
EBIT	28.54	25.64	31.07	70.83	76.02	109.75
EBIT Margin	4.85%	4.71%	5.39%	10.74%	13.89%	22.36%
Effective Tax Rate	-	-	-	2.86%	8.00%	12.88%
Revenue as Reported	337.31	544.17	576.3	659.72	547.29	490.87
Advertising Expenses	-	0.3	0.39	0.03	0.1	0.31