SHE:301580 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	1,129	1,034	886.9	779.23	602.25	544.97
Other Revenue	1.51	1.26	1.27	1.15	0.49	0.32
Revenue	1,131	1,035	888.17	780.38	602.73	545.28
Revenue Growth	17.84%	16.51%	13.81%	29.47%	10.54%	50.79%
Cost of Revenue	536.57	500.65	419.66	397.55	331.4	340.98
Gross Profit	594.17	534.14	468.5	382.83	271.33	204.31
Selling, General & Admin	283.77	279.05	251.14	189.02	137.75	114.92
Research & Development	89.03	73.59	47.36	40.07	27.9	20.7
Other Operating Expenses	8.33	7.85	4.63	6.43	2.45	2.97
Operating Expenses	386.01	364.41	307.81	235.24	170.88	141.25
Operating Income	208.16	169.73	160.7	147.6	100.45	63.06
Interest Expense	-0.54	-0.47	-0.23	-0.12	-0.3	-0.56
Interest & Investment Income	38.26	30.66	14.36	13.93	10.66	4.44
Currency Exchange Gain (Loss)	-28.49	4.39	-3.34	9.05	18.93	-3.28
Other Non Operating Income (Expenses)	-5.86	-3.4	-3.74	-2.9	-1.29	-1.29
EBT Excluding Unusual Items	211.53	200.9	167.74	167.55	128.45	62.37
Gain (Loss) on Sale of Investments	13.16	10.23	2.4	1.87	1.12	0.91
Gain (Loss) on Sale of Assets	0.63	1.06	0.79	0.05	0.1	-0.07
Asset Writedown	-0.39	-0.26	-0.08	-1.2	-0.46	-0.16
Legal Settlements	-	-	-2.06	-0.05	-1.15	-
Other Unusual Items	6.16	4.25	2.59	2.35	3.92	0.98
Pretax Income	231.09	216.18	171.37	170.57	131.98	64.03
Income Tax Expense	19.52	19.88	21.92	23.32	15.67	8.57
Earnings From Continuing Operations	211.57	196.29	149.45	147.25	116.31	55.46
Minority Interest in Earnings	-2.88	-0.08	1.04	-0.29	-0.51	-0.11
Net Income	208.69	196.22	150.49	146.96	115.8	55.34
Net Income to Common	208.69	196.22	150.49	146.96	115.8	55.34
Net Income Growth	25.91%	30.39%	2.40%	26.90%	109.24%	24.03%
Shares Outstanding (Basic)	150	149	136	112	112	104
Shares Outstanding (Diluted)	150	149	136	112	112	104
Shares Change	0.43%	9.83%	21.28%	0.24%	7.20%	7.34%
EPS (Basic)	1.39	1.31	1.11	1.31	1.04	0.53
EPS (Diluted)	1.39	1.31	1.11	1.31	1.04	0.53
EPS Growth	25.37%	18.72%	-15.57%	26.60%	95.19%	15.55%

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	136.4	204.88	65.68	106.89	168.79	5.8
Free Cash Flow Per Share	0.91	1.37	0.48	0.95	1.51	0.06
Dividend Per Share	0.329	0.329	0.464	-	-	-
Dividend Growth	-29.23%	-29.23%	-	-	-	-
Gross Margin	52.55%	51.62%	52.75%	49.06%	45.02%	37.47%
Operating Margin	18.41%	16.40%	18.09%	18.91%	16.67%	11.56%
Profit Margin	18.46%	18.96%	16.94%	18.83%	19.21%	10.15%
Free Cash Flow Margin	12.06%	19.80%	7.40%	13.70%	28.00%	1.06%
EBITDA	242.69	203.38	186	161.49	108.97	70.32
EBITDA Margin	21.46%	19.66%	20.94%	20.69%	18.08%	12.90%
D&A For EBITDA	34.53	33.66	25.3	13.9	8.52	7.26
EBIT	208.16	169.73	160.7	147.6	100.45	63.06
EBIT Margin	18.41%	16.40%	18.09%	18.91%	16.67%	11.56%
Effective Tax Rate	8.45%	9.20%	12.79%	13.67%	11.88%	13.38%
Revenue as Reported	1,131	1,035	888.17	780.38	602.73	545.28
Advertising Expenses	-	-	-	-	14.14	13.2