SHE:002041 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	1,191	1,089	1,229	1,531	1,311	1,083
Other Revenue	10.61	12.77	16.24	20.85	14.59	17.92
Revenue	1,201	1,102	1,246	1,552	1,326	1,101
Revenue Growth	-0.49%	-11.55%	-19.74%	17.06%	20.45%	22.20%
Cost of Revenue	879.97	817.59	1,027	1,117	912.84	691.21
Gross Profit	321.43	284.22	218.63	434.59	412.96	409.52
Selling, General & Admin	195.98	186.47	189.73	182.87	162.6	178.95
Research & Development	66.04	74.4	76.68	59.51	44.15	62.26
Other Operating Expenses	33.7	7.76	7.87	6.67	5.2	6.31
Operating Expenses	306.58	272.88	273.64	252.68	213.15	248.79
Operating Income	14.84	11.34	-55.01	181.91	199.81	160.73
Interest Expense	-1.23	-1.23	-0.93	-0.59	-0.39	-0.51
Interest & Investment Income	60.65	66.6	65.31	78.52	105.64	68.58
Other Non Operating Income (Expenses)	0.87	-1.1	-0.96	-0.92	-0.53	-0.86
EBT Excluding Unusual Items	75.13	75.61	8.41	258.93	304.53	227.94
Gain (Loss) on Sale of Investments	2.92	3.38	4.49	6.64	-23.95	10.98
Gain (Loss) on Sale of Assets	-0.05	5.94	-0.73	0.59	-0.36	1.19
Asset Writedown	-3.04	-3.47	-0.16	-0.25	-0.02	-1.31
Other Unusual Items	67.38	56.11	49.83	35.14	12.69	0.76
Pretax Income	142.33	137.57	61.84	301.04	292.89	239.55
Income Tax Expense	23.39	28.53	-21.82	1.84	3.95	0.89
Earnings From Continuing Operations	118.94	109.05	83.66	299.2	288.95	238.66
Minority Interest in Earnings	-12.88	-17.39	-27.03	-43.42	-35.73	-5.87
Net Income	106.06	91.65	56.63	255.78	253.22	232.8
Net Income to Common	106.06	91.65	56.63	255.78	253.22	232.8
Net Income Growth	171.92%	61.86%	-77.86%	1.01%	8.77%	128.33%
Shares Outstanding (Basic)	879	880	881	880	880	880
Shares Outstanding (Diluted)	879	880	881	880	880	880
Shares Change	-0.13%	-0.12%	0.09%	0.00%	-0.03%	0.05%
EPS (Basic)	0.12	0.10	0.06	0.29	0.29	0.26
EPS (Diluted)	0.12	0.10	0.06	0.29	0.29	0.26
EPS Growth	172.27%	62.05%	-77.88%	1.01%	8.81%	128.21%

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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Free Cash Flow	126.82	100.98	-6.65	59.83	-40.99	297.9
Free Cash Flow Per Share	0.14	0.12	-0.01	0.07	-0.05	0.34
Dividend Per Share	-	-	0.029	0.036	-	0.036
Dividend Growth	-	-	-19.44%	-	-	2.86%
Gross Margin	26.75%	25.80%	17.55%	28.00%	31.15%	37.20%
Operating Margin	1.23%	1.03%	-4.42%	11.72%	15.07%	14.60%
Profit Margin	8.83%	8.32%	4.55%	16.48%	19.10%	21.15%
Free Cash Flow Margin	10.56%	9.16%	-0.53%	3.85%	-3.09%	27.06%
EBITDA	89.55	82.71	12.2	243.85	265.51	226.56
EBITDA Margin	7.45%	7.51%	0.98%	15.71%	20.03%	20.58%
D&A For EBITDA	74.71	71.37	67.21	61.93	65.7	65.83
EBIT	14.84	11.34	-55.01	181.91	199.81	160.73
EBIT Margin	1.23%	1.03%	-4.42%	11.72%	15.07%	14.60%
Effective Tax Rate	16.43%	20.74%	-	0.61%	1.35%	0.37%
Revenue as Reported	1,201	1,102	1,246	1,552	1,326	1,101
Advertising Expenses	-	13.63	21.61	14.84	11.1	20.69