SHE:002290 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	Sep '26 Sep 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	2,529	2,510	2,483	2,298	2,091	2,224
Other Revenue	45.03	45.03	43.31	41.95	42.29	44.92
Revenue	2,574	2,555	2,526	2,340	2,133	2,269
Revenue Growth	0.85%	1.14%	7.93%	9.71%	-5.97%	24.50%
Cost of Revenue	2,216	2,198	2,273	2,100	1,896	2,003
Gross Profit	357.75	356.85	252.96	240.58	237.63	265.43
Selling, General & Admin	69.59	69	65.89	57.89	50.07	49.98
Research & Development	87.88	92.6	85.51	79.55	69.07	74.79
Other Operating Expenses	4.65	2.56	-10.56	4.52	9.38	7.22
Operating Expenses	167.76	168.63	144.12	140.69	129.7	130.58
Operating Income	190	188.23	108.85	99.89	107.93	134.85
Interest Expense	-5.05	-4.19	-6.8	-16.47	-27	-37.22
Interest & Investment Income	4.49	4.55	3.67	2.71	1.72	8
Currency Exchange Gain (Loss)	-2.66	-2.66	8.34	5.41	14.63	-4.87
Other Non Operating Income (Expenses)	-12.05	1.44	-0.67	0.1	-1.57	0.62
EBT Excluding Unusual Items	174.72	187.36	113.39	91.63	95.7	101.37
Gain (Loss) on Sale of Investments	-8.58	-1.24	-0.72	-0.59	-17.7	0.17
Gain (Loss) on Sale of Assets	47.88	0.08	0.04	-	-0	-
Asset Writedown	0.81	0	-0.12	-0.22	-	-0.03
Legal Settlements	-	-	-	-	-	-0.05
Other Unusual Items	0.34	0.34	-1.67	4.89	2.14	-1.1
Pretax Income	215.17	186.55	110.9	95.71	80.14	100.36
Income Tax Expense	26.12	28.09	16.67	12.94	14.21	18.39
Earnings From Continuing Operations	189.05	158.46	94.24	82.77	65.93	81.98
Minority Interest in Earnings	3.19	4.92	3.67	-	-	-
Net Income	192.24	163.37	97.91	82.77	65.93	81.98
Net Income to Common	192.24	163.37	97.91	82.77	65.93	81.98
Net Income Growth	23.09%	66.86%	18.29%	25.54%	-19.57%	48.83%
Shares Outstanding (Basic)	247	248	251	251	244	248
Shares Outstanding (Diluted)	247	248	251	251	244	248
Shares Change	-24.47%	-1.40%	0.09%	2.71%	-1.70%	3.73%
EPS (Basic)	0.78	0.66	0.39	0.33	0.27	0.33
EPS (Diluted)	0.78	0.66	0.39	0.33	0.27	0.33
EPS Growth	62.97%	69.23%	18.18%	22.22%	-18.18%	43.48%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	196	157	187.43	222.91	148.66	89.11
Free Cash Flow Per Share	0.80	0.63	0.75	0.89	0.61	0.36
Dividend Per Share	0.210	0.210	-	-	-	-
Dividend Growth	-	-	-	-	-	-
Gross Margin	13.90%	13.97%	10.02%	10.28%	11.14%	11.70%
Operating Margin	7.38%	7.37%	4.31%	4.27%	5.06%	5.94%
Profit Margin	7.47%	6.40%	3.88%	3.54%	3.09%	3.61%
Free Cash Flow Margin	7.62%	6.14%	7.42%	9.53%	6.97%	3.93%
EBITDA	218.99	217.76	139.09	128.17	130.09	159.36
EBITDA Margin	8.51%	8.52%	5.51%	5.48%	6.10%	7.02%
D&A For EBITDA	28.99	29.53	30.25	28.29	22.16	24.51
EBIT	190	188.23	108.85	99.89	107.93	134.85
EBIT Margin	7.38%	7.37%	4.31%	4.27%	5.06%	5.94%
Effective Tax Rate	12.14%	15.06%	15.03%	13.52%	17.73%	18.32%
Revenue as Reported	2,574	2,555	2,526	2,340	2,133	2,269
Advertising Expenses	-	0.26	0.44	-	-	-