SHE:301602 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 2021	FY 2020
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	365.39	399.89	368.98	319.77	279.47	315.91
Other Revenue	5.45	5.62	6.83	6.77	4.61	5.9
Revenue	370.84	405.51	375.81	326.54	284.08	321.82
Revenue Growth	-7.24%	7.90%	15.09%	14.95%	-11.73%	-4.26%
Cost of Revenue	119.95	117.52	113.08	102.3	93.79	114.22
Gross Profit	250.88	287.99	262.74	224.24	190.29	207.59
Selling, General & Admin	87.61	93.56	82.86	83.19	77.63	78.76
Research & Development	47.08	50.14	50.04	47.72	38.56	41.28
Other Operating Expenses	-0.51	-1.09	-5.08	-10.22	-6.04	-6.47
Operating Expenses	134.37	142.4	128.99	122.17	110.32	113.61
Operating Income	116.51	145.59	133.75	102.07	79.97	93.98
Interest & Investment Income	27.58	30.23	26.01	17.06	2.91	3.78
Currency Exchange Gain (Loss)	-29.51	-13.27	6.35	3.94	-4.68	-9.98
Other Non Operating Income (Expenses)	-0.21	-0.19	-0.17	-0.22	-0.31	-0.29
EBT Excluding Unusual Items	114.37	162.35	165.94	122.85	77.89	87.5
Gain (Loss) on Sale of Investments	0.78	-0.22	-1.77	1.8	0.42	-0.77
Gain (Loss) on Sale of Assets	-	-	-	-	-0.77	-5.04
Asset Writedown	-0.01	-0.02	-0.03	-0.01	-0.05	-0.04
Other Unusual Items	9.09	8.09	1.26	4.89	5.35	8.21
Pretax Income	124.23	170.21	165.39	129.53	82.83	89.86
Income Tax Expense	16.66	21.29	19.82	14.09	6.91	9.79
Earnings From Continuing Operations	107.57	148.92	145.58	115.44	75.92	80.06
Minority Interest in Earnings	-	-	-	-0.01	0.86	0.01
Net Income	107.57	148.92	145.58	115.43	76.78	80.07
Net Income to Common	107.57	148.92	145.58	115.43	76.78	80.07
Net Income Growth	-31.16%	2.30%	26.12%	50.33%	-4.11%	-20.41%
Shares Outstanding (Basic)	437	425	364	361	366	364
Shares Outstanding (Diluted)	437	425	364	361	366	364
Shares Change	10.08%	16.91%	0.90%	-1.35%	0.46%	-
EPS (Basic)	0.25	0.35	0.40	0.32	0.21	0.22
EPS (Diluted)	0.25	0.35	0.40	0.32	0.21	0.22
EPS Growth	-37.46%	-12.50%	25.00%	52.38%	-4.54%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Free Cash Flow	97.56	120.05	113.73	71.88	55.26	84.16
Free Cash Flow Per Share	0.22	0.28	0.31	0.20	0.15	0.23
Dividend Per Share	0.150	0.150	0.102	-	-	-
Dividend Growth	47.06%	47.06%	-	-	-	-
Gross Margin	67.65%	71.02%	69.91%	68.67%	66.98%	64.51%
Operating Margin	31.42%	35.90%	35.59%	31.26%	28.15%	29.20%
Profit Margin	29.01%	36.73%	38.74%	35.35%	27.03%	24.88%
Free Cash Flow Margin	26.31%	29.60%	30.26%	22.01%	19.45%	26.15%
EBITDA	128.39	156.93	144.17	113.35	96.8	110.2
EBITDA Margin	34.62%	38.70%	38.36%	34.71%	34.07%	34.24%
D&A For EBITDA	11.87	11.34	10.42	11.28	16.83	16.22
EBIT	116.51	145.59	133.75	102.07	79.97	93.98
EBIT Margin	31.42%	35.90%	35.59%	31.26%	28.15%	29.20%
Effective Tax Rate	13.41%	12.51%	11.98%	10.88%	8.35%	10.90%
Revenue as Reported	370.84	405.51	375.81	326.54	284.08	321.82
Advertising Expenses	-	6.89	6.33	5.7	3.07	2.83