SHE:002177 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	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	57.26	58.88	66.87	70.06	65.85	69.96
Other Revenue	-	-	-	-	2.21	15.93
Revenue	57.26	58.88	66.87	70.06	68.06	85.89
Revenue Growth (YoY)	-12.21%	-11.95%	-4.54%	2.94%	-20.76%	-52.90%
Cost of Revenue	28.17	28.15	32.25	31.91	30.49	40.37
Gross Profit	29.08	30.73	34.62	38.15	37.57	45.51
Selling, General & Admin	22.32	23.75	26.33	25.65	25.24	46.95
Research & Development	-	-	-	-	-	9.15
Other Operating Expenses	8.45	8.59	8.65	10.21	9.02	6.7
Operating Expenses	30.11	31.59	33.36	36.64	34.91	65.19
Operating Income	-1.03	-0.86	1.26	1.51	2.66	-19.67
Interest Expense	-	-	-	-	-	-2.72
Interest & Investment Income	23.62	22.95	19.69	17	118.6	0.17
Currency Exchange Gain (Loss)	-	-	0.24	0.05	0.83	-0.44
Other Non Operating Income (Expenses)	-0.81	-0.01	-0.06	-0.11	0.38	4.4
EBT Excluding Unusual Items	21.78	22.09	21.13	18.45	122.47	-18.28
Gain (Loss) on Sale of Investments	-0.08	0.98	1.19	-29.09	-94.22	-28.37
Gain (Loss) on Sale of Assets	3.01	-0.25	0.01	20.86	0.52	-0.45
Asset Writedown	-9.6	-9.6	-12.47	-0.67	-0.69	-6.36
Other Unusual Items	2.56	1.76	1.39	3.86	1.67	2.56
Pretax Income	17.67	14.98	11.26	13.41	29.74	-50.9
Income Tax Expense	1.32	2.03	0.35	-2.04	-24.42	12.29
Net Income	16.35	12.95	10.91	15.45	54.17	-63.19
Net Income to Common	16.35	12.95	10.91	15.45	54.17	-63.19
Net Income Growth	38.48%	18.71%	-29.40%	-71.48%	-	-
Shares Outstanding (Basic)	761	762	763	761	761	761
Shares Outstanding (Diluted)	761	762	763	761	761	761
Shares Change (YoY)	-0.49%	-0.14%	0.22%	0.03%	-0.07%	0.05%
EPS (Basic)	0.02	0.02	0.01	0.02	0.07	-0.08
EPS (Diluted)	0.02	0.02	0.01	0.02	0.07	-0.08
EPS Growth	39.17%	18.88%	-29.56%	-71.49%	-	-
Free Cash Flow	37	35.89	21.6	10	9.08	-106.82
Free Cash Flow Per Share	0.05	0.05	0.03	0.01	0.01	-0.14
Dividend Per Share	0.004	0.006	0.001	0.014	-	0.010
Dividend Growth	33.33%	500.00%	-92.86%	-	-	-
Gross Margin	50.79%	52.20%	51.77%	54.45%	55.20%	53.00%
Operating Margin	-1.79%	-1.46%	1.88%	2.15%	3.91%	-22.91%
Profit Margin	28.56%	21.99%	16.31%	22.05%	79.59%	-73.57%
Free Cash Flow Margin	64.62%	60.96%	32.30%	14.28%	13.34%	-124.38%
EBITDA	20.92	21.11	23.33	23.72	24.55	-1.5
EBITDA Margin	36.54%	35.85%	34.88%	33.85%	36.07%	-1.75%
D&A For EBITDA	21.94	21.97	22.07	22.21	21.88	18.17
EBIT	-1.03	-0.86	1.26	1.51	2.66	-19.67
EBIT Margin	-1.79%	-1.46%	1.88%	2.15%	3.91%	-22.91%
Effective Tax Rate	7.47%	13.57%	3.11%	-	-	-
Revenue as Reported	57.26	58.88	66.87	70.06	68.06	85.89

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