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	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	733.69	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	749.42	688.13	766.56	618.5	620.69	464.82
Revenue Growth	-1.98%	-10.23%	23.94%	-0.35%	33.53%	-19.15%
Cost of Revenue	470.85	430.65	506.59	422.42	410.97	311.24
Gross Profit	278.57	257.47	259.97	196.08	209.72	153.58
Selling, General & Admin	66.01	65.31	57.71	59.42	58.96	60.26
Research & Development	48.73	45.76	54.4	51.57	45.89	42.83
Other Operating Expenses	0.24	-1.96	-1.8	-2.39	1.54	-0.37
Operating Expenses	115.97	109.64	115.05	109.68	107.51	104.81
Operating Income	162.6	147.83	144.92	86.4	102.21	48.78
Interest Expense	-0.67	-0.77	-0.92	-0.82	-0.81	-0.88
Interest & Investment Income	293.21	210.45	47.39	30.05	0.85	216.98
Currency Exchange Gain (Loss)	-510.88	-	-	-	0	-
Other Non Operating Income (Expenses)	3.97	-0.15	-0.3	-0.27	-0.3	0.83
EBT Excluding Unusual Items	-51.78	357.35	191.1	115.36	101.96	265.71
Gain (Loss) on Sale of Investments	330.99	330.99	112.09	-68.02	-108.55	-16.35
Gain (Loss) on Sale of Assets	17.8	-0.2	-	-	-	-0.23
Asset Writedown	0.26	-0.17	-3.61	-	-	-
Other Unusual Items	0.76	0.93	1.89	1.17	2.26	-0.01
Pretax Income	298.03	688.91	301.46	48.51	-4.33	249.12
Income Tax Expense	40.88	110.31	36.63	-10.84	-12.94	28.43
Earnings From Continuing Operations	257.15	578.59	264.83	59.35	8.61	220.69
Minority Interest in Earnings	0.86	-0.29	1.85	2.56	2.56	2.55
Net Income	258.01	578.3	266.68	61.91	11.16	223.24
Net Income to Common	258.01	578.3	266.68	61.91	11.16	223.24
Net Income Growth	-63.09%	116.86%	330.77%	454.57%	-95.00%	21.72%
Shares Outstanding (Basic)	840	838	833	884	1,116	827
Shares Outstanding (Diluted)	840	838	833	884	1,116	827
Shares Change	1.84%	0.57%	-5.77%	-20.78%	35.01%	-0.82%
EPS (Basic)	0.31	0.69	0.32	0.07	0.01	0.27
EPS (Diluted)	0.31	0.69	0.32	0.07	0.01	0.27
EPS Growth	-63.76%	115.63%	357.14%	600.00%	-96.30%	22.73%

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	55.11	118.4	241.7	-13	97.92	11.9
Free Cash Flow Per Share	0.07	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
Dividend Growth	0%	0%	0%	0%	0%	0%
Gross Margin	37.17%	37.42%	33.91%	31.70%	33.79%	33.04%
Operating Margin	21.70%	21.48%	18.91%	13.97%	16.47%	10.49%
Profit Margin	34.43%	84.04%	34.79%	10.01%	1.80%	48.03%
Free Cash Flow Margin	7.35%	17.21%	31.53%	-2.10%	15.78%	2.56%
EBITDA	183.73	171.84	172.75	115.22	135.54	87.72
EBITDA Margin	24.52%	24.97%	22.54%	18.63%	21.84%	18.87%
D&A For EBITDA	21.13	24.01	27.83	28.82	33.33	38.94
EBIT	162.6	147.83	144.92	86.4	102.21	48.78
EBIT Margin	21.70%	21.48%	18.91%	13.97%	16.47%	10.49%
Effective Tax Rate	13.72%	16.01%	12.15%	-	-	11.41%
Revenue as Reported	749.42	688.13	766.56	618.5	620.69	464.82
Advertising Expenses	-	-	-	0.12	0.96	0.21