SHE:002546 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	Mar '26 Mar 31, 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	692.07	672.4	746.03	600.92	606.17	456.32
Other Revenue	15.73	15.73	20.53	17.58	14.52	8.51
Revenue	707.8	688.13	766.56	618.5	620.69	464.82
Revenue Growth (YoY)	-9.83%	-10.23%	23.94%	-0.35%	33.53%	-19.15%
Cost of Revenue	435.1	430.65	506.59	422.42	410.97	311.24
Gross Profit	272.7	257.47	259.97	196.08	209.72	153.58
Selling, General & Admin	65.07	65.31	57.71	59.42	58.96	60.26
Research & Development	46.78	45.76	54.4	51.57	45.89	42.83
Other Operating Expenses	0.77	-1.96	-1.8	-2.39	1.54	-0.37
Operating Expenses	113.15	109.64	115.05	109.68	107.51	104.81
Operating Income	159.55	147.83	144.92	86.4	102.21	48.78
Interest Expense	-0.77	-0.77	-0.92	-0.82	-0.81	-0.88
Interest & Investment Income	287.95	210.45	47.39	30.05	0.85	216.98
Currency Exchange Gain (Loss)	-	-	-	-	0	-
Other Non Operating Income (Expenses)	-2.52	-0.15	-0.3	-0.27	-0.3	0.83
EBT Excluding Unusual Items	444.2	357.35	191.1	115.36	101.96	265.71
Gain (Loss) on Sale of Investments	223.03	330.99	112.09	-68.02	-108.55	-16.35
Gain (Loss) on Sale of Assets	-0.18	-0.2	-	-	-	-0.23
Asset Writedown	-0.18	-0.17	-3.61	-	-	-
Other Unusual Items	0.93	0.93	1.89	1.17	2.26	-0.01
Pretax Income	667.81	688.91	301.46	48.51	-4.33	249.12
Income Tax Expense	105.04	110.31	36.63	-10.84	-12.94	28.43
Earnings From Continuing Operations	562.77	578.59	264.83	59.35	8.61	220.69
Minority Interest in Earnings	-0.61	-0.29	1.85	2.56	2.56	2.55
Net Income	562.16	578.3	266.68	61.91	11.16	223.24
Net Income to Common	562.16	578.3	266.68	61.91	11.16	223.24
Net Income Growth	43.90%	116.86%	330.77%	454.57%	-95.00%	21.72%
Shares Outstanding (Basic)	839	838	833	884	1,116	827
Shares Outstanding (Diluted)	839	838	833	884	1,116	827
Shares Change (YoY)	0.97%	0.57%	-5.77%	-20.78%	35.01%	-0.82%
EPS (Basic)	0.67	0.69	0.32	0.07	0.01	0.27
EPS (Diluted)	0.67	0.69	0.32	0.07	0.01	0.27
EPS Growth	42.52%	115.63%	357.14%	600.00%	-96.30%	22.73%
Free Cash Flow	169.26	118.4	241.7	-13	97.92	11.9
Free Cash Flow Per Share	0.20	0.14	0.29	-0.01	0.09	0.01
Dividend Per Share	0.120	0.120	0.120	0.120	0.120	0.120
Gross Margin	38.53%	37.42%	33.91%	31.70%	33.79%	33.04%
Operating Margin	22.54%	21.48%	18.91%	13.97%	16.47%	10.49%
Profit Margin	79.42%	84.04%	34.79%	10.01%	1.80%	48.03%
Free Cash Flow Margin	23.91%	17.21%	31.53%	-2.10%	15.78%	2.56%
EBITDA	182.6	171.84	172.75	115.22	135.54	87.72
EBITDA Margin	25.80%	24.97%	22.54%	18.63%	21.84%	18.87%
D&A For EBITDA	23.05	24.01	27.83	28.82	33.33	38.94
EBIT	159.55	147.83	144.92	86.4	102.21	48.78
EBIT Margin	22.54%	21.48%	18.91%	13.97%	16.47%	10.49%
Effective Tax Rate	15.73%	16.01%	12.15%	-	-	11.41%
Revenue as Reported	688.13	688.13	766.56	618.5	620.69	464.82
Advertising Expenses	-	-	-	0.12	0.96	0.21

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.