SHE:002469 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	2,587	2,542	2,646	2,589	2,572
Other Revenue	9.92	12.46	11.62	20.4	59.48
Revenue	2,597	2,554	2,657	2,610	2,631
Revenue Growth (YoY)	1.66%	-3.88%	1.82%	-0.82%	289.29%
Cost of Revenue	2,179	2,006	2,097	2,102	1,969
Gross Profit	417.46	548.22	560.88	508.1	662.36
Selling, General & Admin	140.32	138.35	126.97	116.3	119.23
Research & Development	101.38	111.8	114.17	101.82	103.01
Other Operating Expenses	2.98	3.68	5.07	9.16	14.71
Operating Expenses	240.64	249.51	252.27	211.16	232.25
Operating Income	176.82	298.71	308.6	296.94	430.11
Interest Expense	-0.44	-	-0.06	-0.84	-1.7
Interest & Investment Income	40.08	43.56	34.44	34.26	28.97
Currency Exchange Gain (Loss)	-1.99	0.73	0.18	0.35	-2.52
Other Non Operating Income (Expenses)	-6.47	-10.05	-7.23	-13.91	-25.24
EBT Excluding Unusual Items	208.01	332.94	335.95	316.81	429.61
Impairment of Goodwill	-	-19.25	-	-	-
Gain (Loss) on Sale of Investments	-	1.63	0.4	0.21	-
Gain (Loss) on Sale of Assets	-0.04	-11.03	0.02	0.09	0.11
Asset Writedown	-0.71	-0.31	-0.68	-7.02	-0.65
Other Unusual Items	0.11	2.13	5.55	6.19	7.85
Pretax Income	207.36	306.12	341.24	316.28	436.92
Income Tax Expense	30.67	42.53	51.9	37.91	52.91
Earnings From Continuing Operations	176.69	263.58	289.34	278.37	384.01
Minority Interest in Earnings	9.78	-0.93	-7.15	-4.66	-6.52
Net Income	186.47	262.65	282.18	273.71	377.49
Net Income to Common	186.47	262.65	282.18	273.71	377.49
Net Income Growth	-29.00%	-6.92%	3.10%	-27.49%	1.21%
Shares Outstanding (Basic)	643	657	656	652	651
Shares Outstanding (Diluted)	643	657	656	652	651
Shares Change (YoY)	-2.07%	0.06%	0.70%	0.13%	27.38%
EPS (Basic)	0.29	0.40	0.43	0.42	0.58
EPS (Diluted)	0.29	0.40	0.43	0.42	0.58
EPS Growth	-27.50%	-6.98%	2.38%	-27.59%	-20.55%
Free Cash Flow	61.13	235.24	456.83	440.29	240.35
Free Cash Flow Per Share	0.10	0.36	0.70	0.68	0.37
Dividend Per Share	0.300	0.400	0.300	0.250	0.250
Dividend Growth	-25.00%	33.33%	20.00%	-	66.67%
Gross Margin	16.08%	21.46%	21.11%	19.47%	25.17%
Operating Margin	6.81%	11.70%	11.61%	11.38%	16.35%
Profit Margin	7.18%	10.28%	10.62%	10.49%	14.34%
Free Cash Flow Margin	2.35%	9.21%	17.19%	16.87%	9.13%
EBITDA	233.64	360.21	378.32	369.63	496.73
EBITDA Margin	9.00%	14.10%	14.24%	14.16%	18.88%
D&A For EBITDA	56.82	61.5	69.72	72.69	66.62
EBIT	176.82	298.71	308.6	296.94	430.11
EBIT Margin	6.81%	11.70%	11.61%	11.38%	16.35%
Effective Tax Rate	14.79%	13.89%	15.21%	11.99%	12.11%
Revenue as Reported	2,597	2,554	2,657	2,610	2,631
Advertising Expenses	0.02	0.02	0.29	0.02	0.18

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