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	Sep '26 Sep 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	376.1	399.89	368.98	319.77	279.47	315.91
Other Revenue	5.62	5.62	6.83	6.77	4.61	5.9
Revenue	381.72	405.51	375.81	326.54	284.08	321.82
Revenue Growth	3.66%	7.90%	15.09%	14.95%	-11.73%	-4.26%
Cost of Revenue	125.99	117.52	113.08	102.3	93.79	114.22
Gross Profit	255.74	287.99	262.74	224.24	190.29	207.59
Selling, General & Admin	89.44	93.56	82.86	83.19	77.63	78.76
Research & Development	45.3	50.14	50.04	47.72	38.56	41.28
Other Operating Expenses	5.52	-1.09	-5.08	-10.22	-6.04	-6.47
Operating Expenses	140.66	142.4	128.99	122.17	110.32	113.61
Operating Income	115.08	145.59	133.75	102.07	79.97	93.98
Interest & Investment Income	23.44	30.23	26.01	17.06	2.91	3.78
Currency Exchange Gain (Loss)	-13.27	-13.27	6.35	3.94	-4.68	-9.98
Other Non Operating Income (Expenses)	-19.13	-0.19	-0.17	-0.22	-0.31	-0.29
EBT Excluding Unusual Items	106.11	162.35	165.94	122.85	77.89	87.5
Gain (Loss) on Sale of Investments	3	-0.22	-1.77	1.8	0.42	-0.77
Gain (Loss) on Sale of Assets	-	-	-	-	-0.77	-5.04
Asset Writedown	0.88	-0.02	-0.03	-0.01	-0.05	-0.04
Other Unusual Items	8.61	8.09	1.26	4.89	5.35	8.21
Pretax Income	118.59	170.21	165.39	129.53	82.83	89.86
Income Tax Expense	15.63	21.29	19.82	14.09	6.91	9.79
Earnings From Continuing Operations	102.96	148.92	145.58	115.44	75.92	80.06
Minority Interest in Earnings	-	-	-	-0.01	0.86	0.01
Net Income	102.96	148.92	145.58	115.43	76.78	80.07
Net Income to Common	102.96	148.92	145.58	115.43	76.78	80.07
Net Income Growth	-27.60%	2.30%	26.12%	50.33%	-4.11%	-20.41%
Shares Outstanding (Basic)	430	425	364	361	366	364
Shares Outstanding (Diluted)	430	425	364	361	366	364
Shares Change	6.32%	16.91%	0.90%	-1.35%	0.46%	-
EPS (Basic)	0.24	0.35	0.40	0.32	0.21	0.22
EPS (Diluted)	0.24	0.35	0.40	0.32	0.21	0.22
EPS Growth	-31.90%	-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	Sep '26 Sep 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	126.69	120.05	113.73	71.88	55.26	84.16
Free Cash Flow Per Share	0.29	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	67.00%	71.02%	69.91%	68.67%	66.98%	64.51%
Operating Margin	30.15%	35.90%	35.59%	31.26%	28.15%	29.20%
Profit Margin	26.97%	36.73%	38.74%	35.35%	27.03%	24.88%
Free Cash Flow Margin	33.19%	29.60%	30.26%	22.01%	19.45%	26.15%
EBITDA	127.11	156.93	144.17	113.35	96.8	110.2
EBITDA Margin	33.30%	38.70%	38.36%	34.71%	34.07%	34.24%
D&A For EBITDA	12.03	11.34	10.42	11.28	16.83	16.22
EBIT	115.08	145.59	133.75	102.07	79.97	93.98
EBIT Margin	30.15%	35.90%	35.59%	31.26%	28.15%	29.20%
Effective Tax Rate	13.18%	12.51%	11.98%	10.88%	8.35%	10.90%
Revenue as Reported	381.72	405.51	375.81	326.54	284.08	321.82
Advertising Expenses	-	6.89	6.33	5.7	3.07	2.83