SHE:002346 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	869.31	825.78	948.85	1,103	703.61	669.89
Other Revenue	21.4	21.84	20.83	20.16	22.01	19.07
Revenue	890.71	847.62	969.67	1,123	725.61	688.96
Revenue Growth	-1.86%	-12.59%	-13.65%	54.76%	5.32%	13.98%
Cost of Revenue	658.8	635.08	730.77	903.42	563.55	542.3
Gross Profit	231.91	212.53	238.91	219.52	162.06	146.66
Selling, General & Admin	67.07	64.6	62.05	47.98	60.66	93.34
Research & Development	14.95	8.72	5.91	6.16	8.91	28.32
Other Operating Expenses	12.44	7.74	9.12	7.95	9.54	2.64
Operating Expenses	114.07	102.18	48.89	77.74	100.41	145.73
Operating Income	117.84	110.35	190.02	141.79	61.66	0.94
Interest Expense	-8.96	-9.11	-11.92	-11.29	-7.08	-2.7
Interest & Investment Income	124.95	127.81	12.95	85.04	4.13	273.46
Currency Exchange Gain (Loss)	-0.02	-0.02	0.03	0.01	0.16	3.05
Other Non Operating Income (Expenses)	-83.05	-39.62	28.69	-11.83	-67.16	-33.46
EBT Excluding Unusual Items	150.76	189.4	219.76	203.71	-8.29	241.29
Gain (Loss) on Sale of Investments	671.05	379.54	-133.95	144.81	584.38	238.57
Gain (Loss) on Sale of Assets	-0.03	0.07	-0.09	0.05	-0.07	-0.05
Asset Writedown	-	-	-	0.02	0.32	-4.31
Other Unusual Items	5.02	3.62	-3.62	1.99	-6.13	15.48
Pretax Income	826.79	572.64	82.1	350.59	570.47	490.98
Income Tax Expense	227.59	147.25	8.95	53.35	138.25	71.03
Earnings From Continuing Operations	599.2	425.39	73.15	297.24	432.22	419.95
Minority Interest in Earnings	-	-	-	-	18.39	27.87
Net Income	599.2	425.39	73.15	297.24	450.61	447.82
Net Income to Common	599.2	425.39	73.15	297.24	450.61	447.82
Net Income Growth	61.40%	481.54%	-75.39%	-34.04%	0.62%	178.33%
Shares Outstanding (Basic)	414	421	430	437	437	439
Shares Outstanding (Diluted)	421	425	430	437	437	439
Shares Change	-2.09%	-1.14%	-1.56%	-0.08%	-0.36%	-1.77%
EPS (Basic)	1.45	1.01	0.17	0.68	1.03	1.02
EPS (Diluted)	1.42	1.00	0.17	0.68	1.03	1.02
EPS Growth	64.85%	488.23%	-75.00%	-33.98%	0.98%	183.33%

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	-71.58	114.06	186.13	-31.39	-131.43	-763.57
Free Cash Flow Per Share	-0.17	0.27	0.43	-0.07	-0.30	-1.74
Dividend Per Share	0.500	0.500	0.500	0.200	0.200	0.200
Dividend Growth	0%	0%	150.00%	0%	-0.02%	0.02%
Gross Margin	26.04%	25.07%	24.64%	19.55%	22.34%	21.29%
Operating Margin	13.23%	13.02%	19.60%	12.63%	8.50%	0.14%
Profit Margin	67.27%	50.19%	7.54%	26.47%	62.10%	65.00%
Free Cash Flow Margin	-8.04%	13.46%	19.20%	-2.80%	-18.11%	-110.83%
EBITDA	140.14	133.72	214	165.4	87.34	35.63
EBITDA Margin	15.73%	15.78%	22.07%	14.73%	12.04%	5.17%
D&A For EBITDA	22.29	23.37	23.99	23.61	25.69	34.69
EBIT	117.84	110.35	190.02	141.79	61.66	0.94
EBIT Margin	13.23%	13.02%	19.60%	12.63%	8.50%	0.14%
Effective Tax Rate	27.53%	25.71%	10.90%	15.22%	24.23%	14.47%
Revenue as Reported	890.71	847.62	969.67	1,123	725.61	688.96