SHE:002507 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	2,497	2,428	2,383	2,446	2,546	2,516
Other Revenue	4.15	4.15	4.26	3.89	2.43	2.26
Revenue	2,501	2,432	2,387	2,450	2,548	2,519
Revenue Growth	3.20%	1.88%	-2.56%	-3.86%	1.18%	10.82%
Cost of Revenue	1,239	1,177	1,171	1,208	1,194	1,200
Gross Profit	1,262	1,255	1,217	1,241	1,354	1,318
Selling, General & Admin	481.04	466.19	417.52	414.43	451.74	549
Research & Development	28.9	15.36	10.62	6	4.22	5.43
Other Operating Expenses	40.01	31.33	25.57	37.31	39.77	39.5
Operating Expenses	550.7	513.31	453.86	451.27	499.27	596.42
Operating Income	711.63	741.35	762.76	790.2	855	722.04
Interest Expense	-0.03	-0.06	-0.03	-0.05	-0.11	-0.07
Interest & Investment Income	122.43	162.89	145.34	168.97	175.28	139.07
Currency Exchange Gain (Loss)	-0.96	-0.96	0.36	-0.12	0.54	-0.1
Other Non Operating Income (Expenses)	-2.02	-0.31	-0.21	-0.64	-0.22	-0.35
EBT Excluding Unusual Items	831.05	902.91	908.21	958.37	1,030	860.58
Gain (Loss) on Sale of Investments	3.52	5.69	18.98	10.51	13.05	-
Gain (Loss) on Sale of Assets	0.58	0.28	2.45	0.71	-	0.04
Asset Writedown	-6.54	-6.54	-2.26	-0.55	-0.29	-0.1
Other Unusual Items	13.77	8.65	15.33	5.72	12.45	13.1
Pretax Income	842.38	910.98	942.71	974.75	1,056	873.62
Income Tax Expense	133.42	142.95	143.36	148.18	156.89	131.66
Net Income	708.96	768.03	799.35	826.58	898.8	741.96
Net Income to Common	708.96	768.03	799.35	826.58	898.8	741.96
Net Income Growth	-11.55%	-3.92%	-3.29%	-8.04%	21.14%	-4.52%
Shares Outstanding (Basic)	1,145	1,146	1,158	1,148	1,152	1,109
Shares Outstanding (Diluted)	1,145	1,146	1,158	1,148	1,152	1,109
Shares Change	-1.42%	-1.05%	0.91%	-0.37%	3.93%	7.55%
EPS (Basic)	0.62	0.67	0.69	0.72	0.78	0.67
EPS (Diluted)	0.62	0.67	0.69	0.72	0.78	0.67
EPS Growth	-10.28%	-2.90%	-4.17%	-7.69%	16.56%	-11.22%

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	396.84	244.88	555.61	320.8	947.68	604.58
Free Cash Flow Per Share	0.35	0.21	0.48	0.28	0.82	0.55
Dividend Per Share	0.220	0.420	0.420	0.300	0.292	0.500
Dividend Growth	-64.52%	0%	40.00%	2.63%	-41.54%	-
Gross Margin	50.48%	51.59%	50.97%	50.68%	53.14%	52.35%
Operating Margin	28.46%	30.48%	31.95%	32.26%	33.55%	28.67%
Profit Margin	28.35%	31.58%	33.49%	33.74%	35.27%	29.46%
Free Cash Flow Margin	15.87%	10.07%	23.28%	13.10%	37.19%	24.00%
EBITDA	819.29	850.42	873.69	904.16	970.96	822.67
EBITDA Margin	32.76%	34.97%	36.60%	36.91%	38.10%	32.66%
D&A For EBITDA	107.66	109.06	110.93	113.96	115.96	100.64
EBIT	711.63	741.35	762.76	790.2	855	722.04
EBIT Margin	28.46%	30.48%	31.95%	32.26%	33.55%	28.67%
Effective Tax Rate	15.84%	15.69%	15.21%	15.20%	14.86%	15.07%
Revenue as Reported	2,501	2,432	2,387	2,450	2,548	2,519