SHE:002270 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	2,425	2,296	1,934	1,689	1,508
Other Revenue	-	25.82	26.78	22.33	23.95
Revenue	2,425	2,322	1,961	1,712	1,532
Revenue Growth (YoY)	4.43%	18.41%	14.57%	11.70%	12.00%
Cost of Revenue	-	1,193	944.49	870.67	791.69
Gross Profit	2,425	1,129	1,017	840.99	740.69
Selling, General & Admin	-	353.53	342.09	330.94	319.65
Research & Development	-	81.36	78.47	69.06	64.8
Other Operating Expenses	1,589	27.68	28.12	26.73	22.53
Operating Expenses	1,589	466.1	426.08	424.59	455.78
Operating Income	835.91	662.88	590.56	416.4	284.91
Interest Expense	-	-17.25	-16.3	-22.28	-49.16
Interest & Investment Income	-	52.3	37.62	15.53	24.05
Currency Exchange Gain (Loss)	-	-3.45	2.12	1.87	-18.56
Other Non Operating Income (Expenses)	17.2	-6.38	2.65	0.03	-14.7
EBT Excluding Unusual Items	853.11	688.09	616.66	411.55	226.53
Impairment of Goodwill	-	-	-	-	-0.27
Gain (Loss) on Sale of Investments	-	-	6.73	0.18	283.01
Gain (Loss) on Sale of Assets	-	-1.28	-1.63	0.43	-0.41
Asset Writedown	-	-0.45	-0.57	-16.78	-0.67
Other Unusual Items	-	40.27	24.59	23.56	9.31
Pretax Income	853.11	726.64	645.78	418.94	517.5
Income Tax Expense	144.87	106.86	95.12	55.09	96.49
Earnings From Continuing Operations	708.24	619.78	550.66	363.85	421.01
Minority Interest in Earnings	-	-5.48	-8.25	-4.41	-4.07
Net Income	708.24	614.3	542.41	359.44	416.94
Net Income to Common	708.24	614.3	542.41	359.44	416.94
Net Income Growth	15.29%	13.26%	50.90%	-13.79%	45.13%
Shares Outstanding (Basic)	905	890	889	856	758
Shares Outstanding (Diluted)	905	890	889	856	758
Shares Change (YoY)	1.63%	0.12%	3.90%	12.89%	0.27%
EPS (Basic)	0.78	0.69	0.61	0.42	0.55
EPS (Diluted)	0.78	0.69	0.61	0.42	0.55
EPS Growth	13.45%	13.11%	45.24%	-23.64%	44.74%
Free Cash Flow	-	775.58	558.66	427.38	173.39
Free Cash Flow Per Share	-	0.87	0.63	0.50	0.23
Dividend Per Share	-	0.546	0.820	0.560	0.300
Dividend Growth	-	-33.41%	46.43%	86.67%	289.61%
Gross Margin	100.00%	48.62%	51.84%	49.13%	48.34%
Operating Margin	34.47%	28.54%	30.11%	24.33%	18.59%
Profit Margin	29.20%	26.45%	27.66%	21.00%	27.21%
Free Cash Flow Margin	-	33.40%	28.49%	24.97%	11.31%
EBITDA	907.23	734.19	660.45	484.07	348.76
EBITDA Margin	37.41%	31.62%	33.68%	28.28%	22.76%
D&A For EBITDA	71.31	71.31	69.89	67.67	63.85
EBIT	835.91	662.88	590.56	416.4	284.91
EBIT Margin	34.47%	28.54%	30.11%	24.33%	18.59%
Effective Tax Rate	16.98%	14.70%	14.73%	13.15%	18.64%
Revenue as Reported	-	2,322	1,961	1,712	1,532
Advertising Expenses	-	6.11	3.96	4.74	0.85

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