SHE:002546 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	688.13	746.03	600.92	606.17	456.32
Other Revenue	-	20.53	17.58	14.52	8.51
Revenue	688.13	766.56	618.5	620.69	464.82
Revenue Growth (YoY)	-10.23%	23.94%	-0.35%	33.53%	-19.15%
Cost of Revenue	424.33	506.59	422.42	410.97	311.24
Gross Profit	263.79	259.97	196.08	209.72	153.58
Selling, General & Admin	66.09	57.71	59.42	58.96	60.26
Research & Development	45.76	54.4	51.57	45.89	42.83
Other Operating Expenses	-2.47	-1.8	-2.39	1.54	-0.37
Operating Expenses	109.38	115.05	109.68	107.51	104.81
Operating Income	154.41	144.92	86.4	102.21	48.78
Interest Expense	-	-0.92	-0.82	-0.81	-0.88
Interest & Investment Income	209.43	47.39	30.05	0.85	216.98
Currency Exchange Gain (Loss)	-	-	-	0	-
Other Non Operating Income (Expenses)	1.46	-0.3	-0.27	-0.3	0.83
EBT Excluding Unusual Items	365.31	191.1	115.36	101.96	265.71
Gain (Loss) on Sale of Investments	330.99	112.09	-68.02	-108.55	-16.35
Gain (Loss) on Sale of Assets	-0.2	-	-	-	-0.23
Asset Writedown	-7.19	-3.61	-	-	-
Other Unusual Items	-	1.89	1.17	2.26	-0.01
Pretax Income	688.91	301.46	48.51	-4.33	249.12
Income Tax Expense	110.31	36.63	-10.84	-12.94	28.43
Earnings From Continuing Operations	578.59	264.83	59.35	8.61	220.69
Minority Interest in Earnings	-0.29	1.85	2.56	2.56	2.55
Net Income	578.3	266.68	61.91	11.16	223.24
Net Income to Common	578.3	266.68	61.91	11.16	223.24
Net Income Growth	116.86%	330.77%	454.57%	-95.00%	21.72%
Shares Outstanding (Basic)	838	833	884	1,116	827
Shares Outstanding (Diluted)	838	833	884	1,116	827
Shares Change (YoY)	0.57%	-5.77%	-20.78%	35.01%	-0.82%
EPS (Basic)	0.69	0.32	0.07	0.01	0.27
EPS (Diluted)	0.69	0.32	0.07	0.01	0.27
EPS Growth	115.63%	357.14%	600.00%	-96.30%	22.73%
Free Cash Flow	118.4	241.7	-13	97.92	11.9
Free Cash Flow Per Share	0.14	0.29	-0.01	0.09	0.01
Dividend Per Share	-	0.120	0.120	0.120	0.120
Gross Margin	38.34%	33.91%	31.70%	33.79%	33.04%
Operating Margin	22.44%	18.91%	13.97%	16.47%	10.49%
Profit Margin	84.04%	34.79%	10.01%	1.80%	48.03%
Free Cash Flow Margin	17.21%	31.53%	-2.10%	15.78%	2.56%
EBITDA	180.09	171.07	115.22	135.54	87.72
EBITDA Margin	26.17%	22.32%	18.63%	21.84%	18.87%
D&A For EBITDA	25.68	26.14	28.82	33.33	38.94
EBIT	154.41	144.92	86.4	102.21	48.78
EBIT Margin	22.44%	18.91%	13.97%	16.47%	10.49%
Effective Tax Rate	16.01%	12.15%	-	-	11.41%
Revenue as Reported	-	766.56	618.5	620.69	464.82
Advertising Expenses	-	0.15	0.12	0.96	0.21

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.