SHE:002232 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	769.9	872.99	1,240	1,539	1,049
Other Revenue	4.07	5.36	3.47	2.35	2.5
Revenue	773.97	878.34	1,243	1,541	1,051
Revenue Growth (YoY)	-11.88%	-29.35%	-19.33%	46.61%	-32.26%
Cost of Revenue	563.66	695.28	1,074	1,273	822.56
Gross Profit	210.31	183.07	168.89	268.01	228.63
Selling, General & Admin	115.88	148.67	100.56	111.17	117.53
Research & Development	43.05	49.86	55.8	86.19	80.09
Other Operating Expenses	9.73	10.66	8.06	11.01	7.89
Operating Expenses	194.39	202.99	161.01	233.14	210.32
Operating Income	15.92	-19.92	7.88	34.87	18.32
Interest Expense	-0.03	-0.09	-0.34	-0.13	-0.09
Interest & Investment Income	7.53	12.77	16.89	24.73	16.93
Currency Exchange Gain (Loss)	-	-	-0	0.01	-0.03
Other Non Operating Income (Expenses)	-0.39	2.77	6.95	0.42	-2.5
EBT Excluding Unusual Items	23.03	-4.46	31.38	59.9	32.63
Gain (Loss) on Sale of Investments	-	0.63	-	-	-
Gain (Loss) on Sale of Assets	0.09	0.17	0.02	-0.12	0.09
Asset Writedown	0.07	-0.61	-1.55	-0.29	0.23
Legal Settlements	-	-	-0.43	-	-
Other Unusual Items	6.92	8.66	9.58	19.73	13.98
Pretax Income	30.11	4.38	38.99	79.22	46.92
Income Tax Expense	-2.44	0.3	9.68	6.06	6.52
Earnings From Continuing Operations	32.54	4.08	29.32	73.16	40.4
Net Income	32.54	4.08	29.32	73.16	40.4
Net Income to Common	32.54	4.08	29.32	73.16	40.4
Net Income Growth	697.99%	-86.09%	-59.93%	81.08%	-68.11%
Shares Outstanding (Basic)	408	408	408	409	409
Shares Outstanding (Diluted)	408	408	408	409	409
Shares Change (YoY)	0.13%	-0.12%	-0.05%	-0.01%	0.00%
EPS (Basic)	0.08	0.01	0.07	0.18	0.10
EPS (Diluted)	0.08	0.01	0.07	0.18	0.10
EPS Growth	697.00%	-86.07%	-59.91%	81.09%	-68.11%
Free Cash Flow	41.67	-8.24	205.97	-137.75	-173.49
Free Cash Flow Per Share	0.10	-0.02	0.50	-0.34	-0.42
Dividend Per Share	0.024	0.010	0.010	0.050	-
Dividend Growth	140.00%	-	-80.00%	-	-
Gross Margin	27.17%	20.84%	13.58%	17.39%	21.75%
Operating Margin	2.06%	-2.27%	0.63%	2.26%	1.74%
Profit Margin	4.21%	0.46%	2.36%	4.75%	3.84%
Free Cash Flow Margin	5.38%	-0.94%	16.57%	-8.94%	-16.50%
EBITDA	44.24	48.9	44.23	76.72	67.9
EBITDA Margin	5.71%	5.57%	3.56%	4.98%	6.46%
D&A For EBITDA	28.31	68.82	36.35	41.85	49.58
EBIT	15.92	-19.92	7.88	34.87	18.32
EBIT Margin	2.06%	-2.27%	0.63%	2.26%	1.74%
Effective Tax Rate	-	6.90%	24.82%	7.65%	13.89%
Revenue as Reported	773.97	878.34	1,243	1,541	1,051
Advertising Expenses	0.31	0.98	0.28	0.67	0.02

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