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	Jun '26 Jun 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	703.51	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	719.23	688.13	766.56	618.5	620.69	464.82
Revenue Growth	-10.17%	-10.23%	23.94%	-0.35%	33.53%	-19.15%
Cost of Revenue	446.38	430.65	506.59	422.42	410.97	311.24
Gross Profit	272.85	257.47	259.97	196.08	209.72	153.58
Selling, General & Admin	65.17	65.31	57.71	59.42	58.96	60.26
Research & Development	48.32	45.76	54.4	51.57	45.89	42.83
Other Operating Expenses	-1.07	-1.96	-1.8	-2.39	1.54	-0.37
Operating Expenses	112.95	109.64	115.05	109.68	107.51	104.81
Operating Income	159.9	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	353.99	210.45	47.39	30.05	0.85	216.98
Currency Exchange Gain (Loss)	-	-	-	-	0	-
Other Non Operating Income (Expenses)	-4.65	-0.15	-0.3	-0.27	-0.3	0.83
EBT Excluding Unusual Items	508.46	357.35	191.1	115.36	101.96	265.71
Gain (Loss) on Sale of Investments	493.69	330.99	112.09	-68.02	-108.55	-16.35
Gain (Loss) on Sale of Assets	3.42	-0.2	-	-	-	-0.23
Asset Writedown	0.17	-0.17	-3.61	-	-	-
Other Unusual Items	0.93	0.93	1.89	1.17	2.26	-0.01
Pretax Income	1,007	688.91	301.46	48.51	-4.33	249.12
Income Tax Expense	163.59	110.31	36.63	-10.84	-12.94	28.43
Earnings From Continuing Operations	843.08	578.59	264.83	59.35	8.61	220.69
Minority Interest in Earnings	0.21	-0.29	1.85	2.56	2.56	2.55
Net Income	843.29	578.3	266.68	61.91	11.16	223.24
Net Income to Common	843.29	578.3	266.68	61.91	11.16	223.24
Net Income Growth	70.03%	116.86%	330.77%	454.57%	-95.00%	21.72%
Shares Outstanding (Basic)	849	838	833	884	1,116	827
Shares Outstanding (Diluted)	849	838	833	884	1,116	827
Shares Change	2.89%	0.57%	-5.77%	-20.78%	35.01%	-0.82%
EPS (Basic)	0.99	0.69	0.32	0.07	0.01	0.27
EPS (Diluted)	0.99	0.69	0.32	0.07	0.01	0.27
EPS Growth	65.26%	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	Jun '26 Jun 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	51.34	118.4	241.7	-13	97.92	11.9
Free Cash Flow Per Share	0.06	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	37.94%	37.42%	33.91%	31.70%	33.79%	33.04%
Operating Margin	22.23%	21.48%	18.91%	13.97%	16.47%	10.49%
Profit Margin	117.25%	84.04%	34.79%	10.01%	1.80%	48.03%
Free Cash Flow Margin	7.14%	17.21%	31.53%	-2.10%	15.78%	2.56%
EBITDA	182.85	171.84	172.75	115.22	135.54	87.72
EBITDA Margin	25.42%	24.97%	22.54%	18.63%	21.84%	18.87%
D&A For EBITDA	22.95	24.01	27.83	28.82	33.33	38.94
EBIT	159.9	147.83	144.92	86.4	102.21	48.78
EBIT Margin	22.23%	21.48%	18.91%	13.97%	16.47%	10.49%
Effective Tax Rate	16.25%	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