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	Sep '26 Sep 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	1,155	1,089	1,229	1,531	1,311	1,083
Other Revenue	12.77	12.77	16.24	20.85	14.59	17.92
Revenue	1,168	1,102	1,246	1,552	1,326	1,101
Revenue Growth	-1.10%	-11.55%	-19.74%	17.06%	20.45%	22.20%
Cost of Revenue	854.28	817.59	1,027	1,117	912.84	691.21
Gross Profit	313.77	284.22	218.63	434.59	412.96	409.52
Selling, General & Admin	193.43	186.47	189.73	182.87	162.6	178.95
Research & Development	65.84	74.4	76.68	59.51	44.15	62.26
Other Operating Expenses	11.54	7.76	7.87	6.67	5.2	6.31
Operating Expenses	273.96	272.88	273.64	252.68	213.15	248.79
Operating Income	39.82	11.34	-55.01	181.91	199.81	160.73
Interest Expense	-0.4	-1.23	-0.93	-0.59	-0.39	-0.51
Interest & Investment Income	30.61	66.6	65.31	78.52	105.64	68.58
Other Non Operating Income (Expenses)	18.53	-1.1	-0.96	-0.92	-0.53	-0.86
EBT Excluding Unusual Items	88.56	75.61	8.41	258.93	304.53	227.94
Gain (Loss) on Sale of Investments	3.62	3.38	4.49	6.64	-23.95	10.98
Gain (Loss) on Sale of Assets	-0.03	5.94	-0.73	0.59	-0.36	1.19
Asset Writedown	-9.15	-3.47	-0.16	-0.25	-0.02	-1.31
Other Unusual Items	45.01	56.11	49.83	35.14	12.69	0.76
Pretax Income	128.01	137.57	61.84	301.04	292.89	239.55
Income Tax Expense	17.92	28.53	-21.82	1.84	3.95	0.89
Earnings From Continuing Operations	110.09	109.05	83.66	299.2	288.95	238.66
Minority Interest in Earnings	-11.62	-17.39	-27.03	-43.42	-35.73	-5.87
Net Income	98.48	91.65	56.63	255.78	253.22	232.8
Net Income to Common	98.48	91.65	56.63	255.78	253.22	232.8
Net Income Growth	89.25%	61.86%	-77.86%	1.01%	8.77%	128.33%
Shares Outstanding (Basic)	880	880	881	880	880	880
Shares Outstanding (Diluted)	880	880	881	880	880	880
Shares Change	-0.03%	-0.12%	0.09%	0.00%	-0.03%	0.05%
EPS (Basic)	0.11	0.10	0.06	0.29	0.29	0.26
EPS (Diluted)	0.11	0.10	0.06	0.29	0.29	0.26
EPS Growth	89.31%	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	Sep '26 Sep 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	140.01	100.98	-6.65	59.83	-40.99	297.9
Free Cash Flow Per Share	0.16	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	26.86%	25.80%	17.55%	28.00%	31.15%	37.20%
Operating Margin	3.41%	1.03%	-4.42%	11.72%	15.07%	14.60%
Profit Margin	8.43%	8.32%	4.55%	16.48%	19.10%	21.15%
Free Cash Flow Margin	11.99%	9.16%	-0.53%	3.85%	-3.09%	27.06%
EBITDA	114.31	82.71	12.2	243.85	265.51	226.56
EBITDA Margin	9.79%	7.51%	0.98%	15.71%	20.03%	20.58%
D&A For EBITDA	74.49	71.37	67.21	61.93	65.7	65.83
EBIT	39.82	11.34	-55.01	181.91	199.81	160.73
EBIT Margin	3.41%	1.03%	-4.42%	11.72%	15.07%	14.60%
Effective Tax Rate	14.00%	20.74%	-	0.61%	1.35%	0.37%
Revenue as Reported	588.13	1,102	1,246	1,552	1,326	1,101
Advertising Expenses	-	13.63	21.61	14.84	11.1	20.69