SHE:301601 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	336.15	518.16	655.57	589.49	810.53	495.31
Other Revenue	-0.46	2.11	6.9	2.86	2.67	2.96
Revenue	335.68	520.26	662.46	592.34	813.2	498.27
Revenue Growth	-32.35%	-21.46%	11.84%	-27.16%	63.20%	157.17%
Cost of Revenue	197.51	326.59	449.74	392.83	581.31	332.32
Gross Profit	138.17	193.68	212.73	199.52	231.88	165.95
Selling, General & Admin	90.15	94.91	80.11	74.88	73.08	60.19
Research & Development	29.18	30.6	31.36	44.82	40.84	23.69
Other Operating Expenses	10.41	5.95	5.56	3.3	5.52	3.11
Operating Expenses	128.62	143.01	126.9	134.81	123.39	95.02
Operating Income	9.56	50.67	85.82	64.71	108.49	70.93
Interest Expense	-1.74	-2.08	-0.26	-0.44	-0.19	-0.33
Interest & Investment Income	32.64	25.1	32.33	35.77	33.89	23.67
Currency Exchange Gain (Loss)	-0.78	-0.39	-0.33	-0.7	0.77	-0.29
Other Non Operating Income (Expenses)	-0.48	-0.9	-0.73	-0.35	-0.34	-0.04
EBT Excluding Unusual Items	39.2	72.41	116.84	98.99	142.62	93.93
Gain (Loss) on Sale of Investments	0.09	0.05	-	-	-	-
Gain (Loss) on Sale of Assets	0.07	0.18	0	0.3	-	0.02
Asset Writedown	-0.46	-0.02	-0	-0	-0	-0.07
Other Unusual Items	5.37	5.26	2.07	5.77	6.87	2.21
Pretax Income	44.27	77.87	118.91	105.06	149.49	96.09
Income Tax Expense	0.17	3.2	12.53	7.04	19.35	11.51
Earnings From Continuing Operations	44.09	74.67	106.39	98.02	130.13	84.58
Minority Interest in Earnings	0.13	0.39	1.5	0.69	-	-
Net Income	44.22	75.07	107.89	98.71	130.13	84.58
Net Income to Common	44.22	75.07	107.89	98.71	130.13	84.58
Net Income Growth	6.82%	-30.42%	9.30%	-24.15%	53.86%	175.92%
Shares Outstanding (Basic)	140	138	105	105	105	83
Shares Outstanding (Diluted)	140	138	105	105	105	83
Shares Change	17.05%	30.56%	0.00%	0.39%	26.56%	4.69%
EPS (Basic)	0.31	0.55	1.02	0.94	1.24	1.02
EPS (Diluted)	0.31	0.55	1.02	0.94	1.24	1.02
EPS Growth	-8.74%	-46.71%	9.30%	-24.44%	21.57%	163.57%

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	-82.55	-45.44	21.25	-404.95	-37.98	53.46
Free Cash Flow Per Share	-0.59	-0.33	0.20	-3.84	-0.36	0.65
Dividend Per Share	0.110	0.110	0.180	-	-	-
Dividend Growth	-38.89%	-38.89%	-	-	-	-
Gross Margin	41.16%	37.23%	32.11%	33.68%	28.52%	33.30%
Operating Margin	2.85%	9.74%	12.96%	10.93%	13.34%	14.24%
Profit Margin	13.17%	14.43%	16.29%	16.66%	16.00%	16.98%
Free Cash Flow Margin	-24.59%	-8.73%	3.21%	-68.36%	-4.67%	10.73%
EBITDA	28.86	66.3	97.78	75.96	119.37	81.88
EBITDA Margin	8.60%	12.74%	14.76%	12.82%	14.68%	16.43%
D&A For EBITDA	19.31	15.63	11.96	11.25	10.87	10.94
EBIT	9.56	50.67	85.82	64.71	108.49	70.93
EBIT Margin	2.85%	9.74%	12.96%	10.93%	13.34%	14.24%
Effective Tax Rate	0.40%	4.11%	10.54%	6.70%	12.95%	11.98%
Revenue as Reported	335.68	520.26	662.46	592.34	813.2	498.27
Advertising Expenses	-	-	-	1.2	0.17	0.6