SHE:002107 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	812.08	758.76	905.1	1,013	941.8
Other Revenue	4.87	5.04	4.4	1.89	0.88
Revenue	816.95	763.79	909.51	1,015	942.67
Revenue Growth (YoY)	6.96%	-16.02%	-10.38%	7.65%	-6.30%
Cost of Revenue	203.07	210.83	234.75	255.27	214.94
Gross Profit	613.89	552.97	674.76	759.55	727.74
Selling, General & Admin	473.38	463.38	569.12	588.31	473.06
Research & Development	36.39	40.65	45.35	50.11	47.48
Other Operating Expenses	14.35	12.9	15.19	17.6	16.14
Operating Expenses	524.46	515.9	627.71	657.74	535.77
Operating Income	89.43	37.06	47.05	101.81	191.97
Interest Expense	-0.06	-0.02	-0.04	-0.03	-4.7
Interest & Investment Income	5.81	4.93	5.23	4.67	6.79
Other Non Operating Income (Expenses)	3.41	-2.94	-0.82	-1.65	-1.16
EBT Excluding Unusual Items	98.58	39.04	51.43	104.81	192.91
Impairment of Goodwill	-	-	-	-	-13.54
Gain (Loss) on Sale of Assets	-	-	-	2.15	-
Asset Writedown	-0.17	-0.03	-0.06	-0.44	-0.02
Legal Settlements	-1.29	-0.13	-0.14	-0.26	-0.53
Other Unusual Items	5.26	3.77	3.41	4.54	11.13
Pretax Income	102.38	42.65	54.64	110.79	189.96
Income Tax Expense	13.59	8.89	8.01	20.91	28.63
Earnings From Continuing Operations	88.79	33.76	46.63	89.89	161.32
Minority Interest in Earnings	6.92	2.64	12.14	17.5	2.07
Net Income	95.72	36.4	58.77	107.39	163.39
Net Income to Common	95.72	36.4	58.77	107.39	163.39
Net Income Growth	162.93%	-38.05%	-45.27%	-34.28%	-8.66%
Shares Outstanding (Basic)	563	607	588	565	584
Shares Outstanding (Diluted)	563	607	588	565	584
Shares Change (YoY)	-7.20%	3.24%	3.98%	-3.15%	1.13%
EPS (Basic)	0.17	0.06	0.10	0.19	0.28
EPS (Diluted)	0.17	0.06	0.10	0.19	0.28
EPS Growth	183.33%	-40.00%	-47.37%	-32.14%	-9.68%
Free Cash Flow	127.66	87.69	126.53	178.49	181.04
Free Cash Flow Per Share	0.23	0.14	0.21	0.32	0.31
Dividend Per Share	0.266	-	0.250	-	0.260
Gross Margin	75.14%	72.40%	74.19%	74.85%	77.20%
Operating Margin	10.95%	4.85%	5.17%	10.03%	20.36%
Profit Margin	11.72%	4.77%	6.46%	10.58%	17.33%
Free Cash Flow Margin	15.63%	11.48%	13.91%	17.59%	19.20%
EBITDA	120	69	79.57	136.79	225.02
EBITDA Margin	14.69%	9.03%	8.75%	13.48%	23.87%
D&A For EBITDA	30.57	31.93	32.52	34.99	33.05
EBIT	89.43	37.06	47.05	101.81	191.97
EBIT Margin	10.95%	4.85%	5.17%	10.03%	20.36%
Effective Tax Rate	13.27%	20.84%	14.66%	18.87%	15.07%
Revenue as Reported	816.95	763.79	909.51	1,015	942.67

Source: S&P Global Market Intelligence. Standard template. Financial Sources.