SHE:002290 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	2,555	2,483	2,298	2,091	2,224
Other Revenue	-	43.31	41.95	42.29	44.92
Revenue	2,555	2,526	2,340	2,133	2,269
Revenue Growth (YoY)	1.14%	7.93%	9.71%	-5.97%	24.50%
Cost of Revenue	2,175	2,273	2,100	1,896	2,003
Gross Profit	379.88	252.96	240.58	237.63	265.43
Selling, General & Admin	69	65.89	57.89	50.07	49.98
Research & Development	92.6	85.51	79.55	69.07	74.79
Other Operating Expenses	1.57	-10.56	4.52	9.38	7.22
Operating Expenses	163.17	144.12	140.69	129.7	130.58
Operating Income	216.71	108.85	99.89	107.93	134.85
Interest Expense	-	-6.8	-16.47	-27	-37.22
Interest & Investment Income	-	3.67	2.71	1.72	8
Currency Exchange Gain (Loss)	-	8.34	5.41	14.63	-4.87
Other Non Operating Income (Expenses)	-5.98	-0.67	0.1	-1.57	0.62
EBT Excluding Unusual Items	210.73	113.39	91.63	95.7	101.37
Gain (Loss) on Sale of Investments	-1.24	-0.72	-0.59	-17.7	0.17
Gain (Loss) on Sale of Assets	0.08	0.04	-	-0	-
Asset Writedown	-23.03	-0.12	-0.22	-	-0.03
Legal Settlements	-	-	-	-	-0.05
Other Unusual Items	-	-1.67	4.89	2.14	-1.1
Pretax Income	186.55	110.9	95.71	80.14	100.36
Income Tax Expense	28.09	16.67	12.94	14.21	18.39
Earnings From Continuing Operations	158.46	94.24	82.77	65.93	81.98
Minority Interest in Earnings	4.92	3.67	-	-	-
Net Income	163.37	97.91	82.77	65.93	81.98
Net Income to Common	163.37	97.91	82.77	65.93	81.98
Net Income Growth	66.86%	18.29%	25.54%	-19.57%	48.83%
Shares Outstanding (Basic)	248	251	251	244	248
Shares Outstanding (Diluted)	248	251	251	244	248
Shares Change (YoY)	-1.40%	0.09%	2.71%	-1.70%	3.73%
EPS (Basic)	0.66	0.39	0.33	0.27	0.33
EPS (Diluted)	0.66	0.39	0.33	0.27	0.33
EPS Growth	69.23%	18.18%	22.22%	-18.18%	43.48%
Free Cash Flow	157	187.43	222.91	148.66	89.11
Free Cash Flow Per Share	0.63	0.75	0.89	0.61	0.36
Gross Margin	14.87%	10.02%	10.28%	11.14%	11.70%
Operating Margin	8.48%	4.31%	4.27%	5.06%	5.94%
Profit Margin	6.40%	3.88%	3.54%	3.09%	3.61%
Free Cash Flow Margin	6.14%	7.42%	9.53%	6.97%	3.93%
EBITDA	246.47	138.84	128.17	130.09	159.36
EBITDA Margin	9.65%	5.50%	5.48%	6.10%	7.02%
D&A For EBITDA	29.77	29.99	28.29	22.16	24.51
EBIT	216.71	108.85	99.89	107.93	134.85
EBIT Margin	8.48%	4.31%	4.27%	5.06%	5.94%
Effective Tax Rate	15.06%	15.03%	13.52%	17.73%	18.32%
Revenue as Reported	-	2,526	2,340	2,133	2,269
Advertising Expenses	-	0.44	-	-	-

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