SHE:002363 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	1,923	2,038	2,380	2,223	2,274	1,956
Other Revenue	1.58	1.58	1.44	3.17	0.83	3.81
Revenue	1,925	2,040	2,381	2,226	2,274	1,960
Revenue Growth	-15.70%	-14.33%	6.96%	-2.12%	16.06%	22.75%
Cost of Revenue	1,702	1,842	2,185	2,062	2,141	1,790
Gross Profit	222.46	197.38	196.14	164.36	133.41	169.47
Selling, General & Admin	73.16	66.18	78.46	85.29	88.77	98.89
Research & Development	59.63	65.57	75.53	43.31	44.47	21.53
Other Operating Expenses	5.14	11.75	17	12.63	11.82	11.42
Operating Expenses	131.67	137.24	176.37	144.29	145.42	136.68
Operating Income	90.79	60.14	19.77	20.07	-12	32.79
Interest Expense	-1.71	-1.71	-2.4	-3.85	-4.13	-4.2
Interest & Investment Income	16.37	16.76	18.42	16.22	10.31	9.82
Currency Exchange Gain (Loss)	1	1	10	8.35	45.36	-10.43
Other Non Operating Income (Expenses)	-24.19	-0.57	-0.72	-0.67	-0.9	-0.78
EBT Excluding Unusual Items	82.25	75.62	45.08	40.13	38.64	27.19
Gain (Loss) on Sale of Investments	-0.08	-0.22	-0.06	-0.43	0.47	-0.05
Gain (Loss) on Sale of Assets	0.03	0.04	0.44	1.4	0.03	0.09
Asset Writedown	4.66	-2.35	-0.39	-0.04	-0.06	-0.47
Other Unusual Items	5.73	5.73	4	2.48	4.58	3.65
Pretax Income	92.6	78.82	49.07	43.54	43.66	30.41
Income Tax Expense	12.17	11.26	7.57	13.07	2.33	1.37
Earnings From Continuing Operations	80.43	67.56	41.5	30.47	41.33	29.04
Minority Interest in Earnings	-2.59	-0.59	5.48	6.4	4.24	2.56
Net Income	77.83	66.97	46.98	36.87	45.58	31.6
Net Income to Common	77.83	66.97	46.98	36.87	45.58	31.6
Net Income Growth	56.31%	42.56%	27.41%	-19.10%	44.23%	-32.82%
Shares Outstanding (Basic)	434	419	427	410	414	395
Shares Outstanding (Diluted)	434	419	427	410	414	395
Shares Change	3.45%	-1.99%	4.24%	-1.12%	4.90%	-7.63%
EPS (Basic)	0.18	0.16	0.11	0.09	0.11	0.08
EPS (Diluted)	0.18	0.16	0.11	0.09	0.11	0.08
EPS Growth	51.10%	45.45%	22.22%	-18.18%	37.50%	-27.27%

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	142.63	141.77	202.39	143.52	151.17	139.02
Free Cash Flow Per Share	0.33	0.34	0.47	0.35	0.36	0.35
Dividend Per Share	0.080	0.080	0.110	0.080	0.120	0.200
Dividend Growth	33.33%	-27.27%	37.50%	-33.33%	-40.00%	-66.67%
Gross Margin	11.56%	9.68%	8.24%	7.38%	5.87%	8.65%
Operating Margin	4.72%	2.95%	0.83%	0.90%	-0.53%	1.67%
Profit Margin	4.04%	3.28%	1.97%	1.66%	2.00%	1.61%
Free Cash Flow Margin	7.41%	6.95%	8.50%	6.45%	6.65%	7.09%
EBITDA	225	192.71	150.45	144.9	132.81	173.2
EBITDA Margin	11.69%	9.45%	6.32%	6.51%	5.84%	8.84%
D&A For EBITDA	134.21	132.57	130.68	124.83	144.82	140.41
EBIT	90.79	60.14	19.77	20.07	-12	32.79
EBIT Margin	4.72%	2.95%	0.83%	0.90%	-0.53%	1.67%
Effective Tax Rate	13.14%	14.29%	15.43%	30.02%	5.33%	4.52%
Revenue as Reported	2,040	2,040	2,381	2,226	2,274	1,960
Advertising Expenses	-	4.4	7.42	4.44	-	-