SHE:301560 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,070	1,001	914.61	763.69	662.65	548.99
Other Revenue	62.94	62.94	63.68	58.4	50.65	44.37
Revenue	1,133	1,064	978.29	822.08	713.29	593.36
Revenue Growth	6.57%	8.74%	19.00%	15.25%	20.21%	33.87%
Cost of Revenue	964.05	848.8	743.48	643.13	547.49	471.35
Gross Profit	168.67	214.95	234.81	178.95	165.8	122.01
Selling, General & Admin	96.83	102.18	76.28	66.31	43.85	39.27
Research & Development	43.71	47.86	37.78	36.28	30.91	26.31
Other Operating Expenses	-0.17	1.65	1.13	0.6	4.38	1.6
Operating Expenses	140.84	153.63	119.22	103.8	81.83	67.56
Operating Income	27.83	61.33	115.6	75.15	83.97	54.46
Interest Expense	-1.9	-11.27	-13.19	-9.91	-4.25	-3.77
Interest & Investment Income	2.68	2.4	3.59	1.2	0.7	7.19
Currency Exchange Gain (Loss)	17.38	17.38	7.12	22.11	8.77	-7.72
Other Non Operating Income (Expenses)	-34.28	-1.93	-1.72	-1.24	-0.64	0.89
EBT Excluding Unusual Items	11.71	67.9	111.4	87.31	88.55	51.05
Gain (Loss) on Sale of Investments	0.43	0.27	-0.12	-2.91	-1.99	0.51
Gain (Loss) on Sale of Assets	-1.52	-0.36	-	0.2	-0.01	0.05
Asset Writedown	0.34	-0.07	-0	0	-0.01	-0.03
Other Unusual Items	1.02	1.04	1.12	1.99	-1.18	1.29
Pretax Income	11.97	68.78	112.4	86.6	85.37	52.88
Income Tax Expense	-7.03	6.73	17.14	4.09	7.05	4.01
Earnings From Continuing Operations	19	62.04	95.26	82.51	78.32	48.87
Minority Interest in Earnings	1.64	0.95	0.13	0.04	-0.01	0.07
Net Income	20.64	62.99	95.39	82.55	78.31	48.95
Net Income to Common	20.64	62.99	95.39	82.55	78.31	48.95
Net Income Growth	-76.80%	-33.96%	15.55%	5.42%	59.99%	2.76%
Shares Outstanding (Basic)	119	111	91	91	91	87
Shares Outstanding (Diluted)	119	111	91	91	91	87
Shares Change	15.52%	21.64%	0.14%	-0.38%	4.18%	-0.91%
EPS (Basic)	0.17	0.57	1.05	0.91	0.86	0.56
EPS (Diluted)	0.17	0.57	1.05	0.91	0.86	0.56
EPS Growth	-79.92%	-45.71%	15.38%	5.81%	53.57%	3.70%

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	-143.06	-89.65	34.41	-77.19	28.13	-72.11
Free Cash Flow Per Share	-1.20	-0.81	0.38	-0.85	0.31	-0.82
Dividend Per Share	0.080	0.160	-	-	-	-
Dividend Growth	0%	-69.53%	-	-	-	-
Gross Margin	14.89%	20.21%	24.00%	21.77%	23.24%	20.56%
Operating Margin	2.46%	5.76%	11.82%	9.14%	11.77%	9.18%
Profit Margin	1.82%	5.92%	9.75%	10.04%	10.98%	8.25%
Free Cash Flow Margin	-12.63%	-8.43%	3.52%	-9.39%	3.94%	-12.15%
EBITDA	92.37	120.16	166.82	111.87	115.47	79.71
EBITDA Margin	8.15%	11.30%	17.05%	13.61%	16.19%	13.43%
D&A For EBITDA	64.54	58.83	51.22	36.73	31.5	25.26
EBIT	27.83	61.33	115.6	75.15	83.97	54.46
EBIT Margin	2.46%	5.76%	11.82%	9.14%	11.77%	9.18%
Effective Tax Rate	-	9.79%	15.25%	4.72%	8.26%	7.58%
Revenue as Reported	254.69	1,064	978.29	822.08	713.29	593.36
Advertising Expenses	-	3.57	-	-	-	-