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	Jun '26 Jun 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	1,017	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	1,080	1,064	978.29	822.08	713.29	593.36
Revenue Growth	4.17%	8.74%	19.00%	15.25%	20.21%	33.87%
Cost of Revenue	891.89	848.8	743.48	643.13	547.49	471.35
Gross Profit	187.69	214.95	234.81	178.95	165.8	122.01
Selling, General & Admin	96.94	102.18	76.28	66.31	43.85	39.27
Research & Development	44.69	47.86	37.78	36.28	30.91	26.31
Other Operating Expenses	0.01	1.65	1.13	0.6	4.38	1.6
Operating Expenses	143.58	153.63	119.22	103.8	81.83	67.56
Operating Income	44.11	61.33	115.6	75.15	83.97	54.46
Interest Expense	-11.27	-11.27	-13.19	-9.91	-4.25	-3.77
Interest & Investment Income	3.34	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)	-41.26	-1.93	-1.72	-1.24	-0.64	0.89
EBT Excluding Unusual Items	12.3	67.9	111.4	87.31	88.55	51.05
Gain (Loss) on Sale of Investments	1.01	0.27	-0.12	-2.91	-1.99	0.51
Gain (Loss) on Sale of Assets	-2.11	-0.36	-	0.2	-0.01	0.05
Asset Writedown	-0.08	-0.07	-0	0	-0.01	-0.03
Other Unusual Items	1.04	1.04	1.12	1.99	-1.18	1.29
Pretax Income	12.16	68.78	112.4	86.6	85.37	52.88
Income Tax Expense	-6.5	6.73	17.14	4.09	7.05	4.01
Earnings From Continuing Operations	18.65	62.04	95.26	82.51	78.32	48.87
Minority Interest in Earnings	1.98	0.95	0.13	0.04	-0.01	0.07
Net Income	20.63	62.99	95.39	82.55	78.31	48.95
Net Income to Common	20.63	62.99	95.39	82.55	78.31	48.95
Net Income Growth	-77.71%	-33.96%	15.55%	5.42%	59.99%	2.76%
Shares Outstanding (Basic)	121	111	91	91	91	87
Shares Outstanding (Diluted)	121	111	91	91	91	87
Shares Change	25.34%	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	-82.22%	-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	Jun '26 Jun 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	-100.03	-89.65	34.41	-77.19	28.13	-72.11
Free Cash Flow Per Share	-0.83	-0.81	0.38	-0.85	0.31	-0.82
Dividend Per Share	0.160	0.160	-	-	-	-
Dividend Growth	-	-69.53%	-	-	-	-
Gross Margin	17.39%	20.21%	24.00%	21.77%	23.24%	20.56%
Operating Margin	4.09%	5.76%	11.82%	9.14%	11.77%	9.18%
Profit Margin	1.91%	5.92%	9.75%	10.04%	10.98%	8.25%
Free Cash Flow Margin	-9.26%	-8.43%	3.52%	-9.39%	3.94%	-12.15%
EBITDA	109.37	120.16	166.82	111.87	115.47	79.71
EBITDA Margin	10.13%	11.30%	17.05%	13.61%	16.19%	13.43%
D&A For EBITDA	65.26	58.83	51.22	36.73	31.5	25.26
EBIT	44.11	61.33	115.6	75.15	83.97	54.46
EBIT Margin	4.09%	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	1,064	1,064	978.29	822.08	713.29	593.36
Advertising Expenses	-	3.57	-	-	-	-