SHE:002270 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	Jun '26 Jun 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	2,555	2,395	2,296	1,934	1,689	1,508
Other Revenue	31.44	31.82	25.82	26.78	22.33	23.95
Revenue	2,587	2,427	2,322	1,961	1,712	1,532
Revenue Growth	11.36%	4.50%	18.41%	14.57%	11.70%	12.00%
Cost of Revenue	1,179	1,111	1,193	944.49	870.67	791.69
Gross Profit	1,407	1,316	1,129	1,017	840.99	740.69
Selling, General & Admin	477.32	421.09	353.53	342.09	330.94	319.65
Research & Development	97.11	88.47	81.36	78.47	69.06	64.8
Other Operating Expenses	28.41	27.69	27.68	28.12	26.73	22.53
Operating Expenses	594.61	536.93	466.1	426.08	424.59	455.78
Operating Income	812.81	778.96	662.88	590.56	416.4	284.91
Interest Expense	-18.09	-13.44	-17.25	-16.3	-22.28	-49.16
Interest & Investment Income	26.69	30.82	52.3	37.62	15.53	24.05
Currency Exchange Gain (Loss)	-10.39	10.48	-3.45	2.12	1.87	-18.56
Other Non Operating Income (Expenses)	-16.5	-2.25	-6.38	2.65	0.03	-14.7
EBT Excluding Unusual Items	794.51	804.57	688.09	616.66	411.55	226.53
Impairment of Goodwill	-	-	-	-	-	-0.27
Gain (Loss) on Sale of Investments	-0.72	-12.14	-	6.73	0.18	283.01
Gain (Loss) on Sale of Assets	42.1	39.13	-1.28	-1.63	0.43	-0.41
Asset Writedown	-0.24	-0.31	-0.45	-0.57	-16.78	-0.67
Other Unusual Items	42.45	16.96	40.27	24.59	23.56	9.31
Pretax Income	878.09	848.21	726.64	645.78	418.94	517.5
Income Tax Expense	138.57	128.59	106.86	95.12	55.09	96.49
Earnings From Continuing Operations	739.52	719.63	619.78	550.66	363.85	421.01
Minority Interest in Earnings	-8.43	-9.89	-5.48	-8.25	-4.41	-4.07
Net Income	731.09	709.74	614.3	542.41	359.44	416.94
Net Income to Common	731.09	709.74	614.3	542.41	359.44	416.94
Net Income Growth	9.40%	15.54%	13.26%	50.90%	-13.79%	45.13%
Shares Outstanding (Basic)	899	898	890	889	856	758
Shares Outstanding (Diluted)	899	898	890	889	856	758
Shares Change	1.07%	0.91%	0.12%	3.90%	12.89%	0.27%
EPS (Basic)	0.81	0.79	0.69	0.61	0.42	0.55
EPS (Diluted)	0.81	0.79	0.69	0.61	0.42	0.55
EPS Growth	8.24%	14.49%	13.11%	45.24%	-23.64%	44.74%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	646.38	491.89	775.58	558.66	427.38	173.39
Free Cash Flow Per Share	0.72	0.55	0.87	0.63	0.50	0.23
Dividend Per Share	0.670	0.610	0.546	0.820	0.560	0.300
Dividend Growth	40.76%	11.72%	-33.41%	46.43%	86.67%	289.61%
Gross Margin	54.41%	54.22%	48.62%	51.84%	49.13%	48.34%
Operating Margin	31.42%	32.10%	28.54%	30.11%	24.33%	18.59%
Profit Margin	28.27%	29.25%	26.45%	27.66%	21.00%	27.21%
Free Cash Flow Margin	24.99%	20.27%	33.40%	28.49%	24.97%	11.31%
EBITDA	895.2	853.16	735.21	660.45	484.07	348.76
EBITDA Margin	34.61%	35.16%	31.66%	33.68%	28.28%	22.76%
D&A For EBITDA	82.39	74.2	72.33	69.89	67.67	63.85
EBIT	812.81	778.96	662.88	590.56	416.4	284.91
EBIT Margin	31.42%	32.10%	28.54%	30.11%	24.33%	18.59%
Effective Tax Rate	15.78%	15.16%	14.70%	14.73%	13.15%	18.64%
Revenue as Reported	2,587	2,427	2,322	1,961	1,712	1,532
Advertising Expenses	-	6.31	6.11	3.96	4.74	0.85