SHE:002287 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	2,218	2,415	2,336	2,040	2,040	1,766
Other Revenue	0.95	0.93	2.19	5.55	4.63	4.06
Revenue	2,219	2,416	2,338	2,045	2,045	1,770
Revenue Growth	-11.36%	3.34%	14.32%	0.02%	15.49%	19.22%
Cost of Revenue	382.26	410.66	419.55	324.7	325.52	269.7
Gross Profit	1,837	2,005	1,918	1,720	1,719	1,501
Selling, General & Admin	1,141	1,285	1,280	1,162	1,107	986.35
Research & Development	81.82	81.03	66.73	58.63	55.09	70.82
Other Operating Expenses	77.27	36.09	34.76	32.26	29.47	28.58
Operating Expenses	1,300	1,401	1,382	1,253	1,192	1,084
Operating Income	536.21	603.98	536.7	467.52	527.71	416.45
Interest Expense	-16.3	-41.86	-57.79	-63.07	-56.42	-53.43
Interest & Investment Income	8.82	8.5	4.19	41.92	16.96	340.33
Currency Exchange Gain (Loss)	1.27	-0.12	-0.01	-0.03	-0.02	-0.02
Other Non Operating Income (Expenses)	16.8	-1.04	-0.02	-1.16	-3.56	-2.46
EBT Excluding Unusual Items	546.8	569.47	483.08	445.19	484.68	700.88
Impairment of Goodwill	-	-	-	-	-	-15.77
Gain (Loss) on Sale of Investments	56.81	66.37	100.32	37.07	-37.08	20.69
Gain (Loss) on Sale of Assets	6.72	7.38	-	0.32	0	-0.07
Asset Writedown	-0	0.06	-0.58	-0.3	-1.22	-0.35
Other Unusual Items	141.4	96.57	63.43	162.14	72.82	82.54
Pretax Income	751.73	739.84	646.24	644.41	519.2	787.91
Income Tax Expense	93.57	92.37	64.87	65.24	49.56	77.09
Earnings From Continuing Operations	658.16	647.47	581.37	579.18	469.64	710.83
Minority Interest in Earnings	3.16	0.95	0.91	2.02	2.9	5.05
Net Income	661.33	648.43	582.28	581.2	472.54	715.88
Net Income to Common	661.33	648.43	582.28	581.2	472.54	715.88
Net Income Growth	7.53%	11.36%	0.19%	22.99%	-33.99%	77.21%
Shares Outstanding (Basic)	561	544	530	530	530	529
Shares Outstanding (Diluted)	561	544	530	530	530	529
Shares Change	5.85%	2.50%	0.03%	-0.05%	0.21%	0.12%
EPS (Basic)	1.18	1.19	1.10	1.10	0.89	1.35
EPS (Diluted)	1.18	1.19	1.10	1.10	0.89	1.35
EPS Growth	1.59%	8.64%	0.15%	23.05%	-34.13%	77.01%

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	318.83	576.63	201.31	458.59	13.29	909.35
Free Cash Flow Per Share	0.57	1.06	0.38	0.86	0.03	1.72
Dividend Per Share	0.420	0.410	0.380	0.480	0.390	0.590
Dividend Growth	-30.00%	7.90%	-20.83%	23.08%	-33.90%	73.53%
Gross Margin	82.77%	83.00%	82.06%	84.12%	84.08%	84.77%
Operating Margin	24.16%	25.00%	22.96%	22.86%	25.81%	23.52%
Profit Margin	29.80%	26.84%	24.91%	28.42%	23.11%	40.43%
Free Cash Flow Margin	14.37%	23.87%	8.61%	22.42%	0.65%	51.36%
EBITDA	671.73	739.51	664.94	552.96	604.13	476.77
EBITDA Margin	30.27%	30.61%	28.44%	27.04%	29.54%	26.93%
D&A For EBITDA	135.52	135.53	128.23	85.43	76.42	60.32
EBIT	536.21	603.98	536.7	467.52	527.71	416.45
EBIT Margin	24.16%	25.00%	22.96%	22.86%	25.81%	23.52%
Effective Tax Rate	12.45%	12.48%	10.04%	10.12%	9.54%	9.78%
Revenue as Reported	2,219	2,416	2,338	2,045	2,045	1,770