SHE:002626 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	Dec '21 Dec 31, 2021
Operating Revenue	3,404	3,361	3,234	3,096	3,006	3,612
Other Revenue	6.29	4.73	5.84	6.85	3.19	4.63
Revenue	3,410	3,365	3,240	3,103	3,009	3,616
Revenue Growth	-1.02%	3.87%	4.43%	3.10%	-16.78%	3.19%
Cost of Revenue	2,116	2,095	2,002	1,967	1,867	1,905
Gross Profit	1,294	1,271	1,238	1,136	1,142	1,711
Selling, General & Admin	735.02	705.41	695.21	729.91	647.98	599.7
Research & Development	67.16	75.62	69.41	58.2	71.86	82.95
Other Operating Expenses	24.75	18.29	17.84	18.28	22.68	22.25
Operating Expenses	829.33	789.78	788.9	812.7	745.89	704.3
Operating Income	464.42	480.89	448.77	323.35	396.47	1,007
Interest Expense	-68.61	-60.07	-30.17	-40.29	-36.9	-33.67
Interest & Investment Income	95.64	95.13	40.93	30.47	19.87	17.45
Currency Exchange Gain (Loss)	-68.07	-29.15	19.84	29.32	54.64	-26.32
Other Non Operating Income (Expenses)	-21.54	-23.85	-1.46	-0.9	-4.83	-2.86
EBT Excluding Unusual Items	401.84	462.96	477.91	341.95	429.25	961.54
Impairment of Goodwill	-52.49	-52.49	-	-	-114.14	-40.37
Gain (Loss) on Sale of Investments	-4.81	-15.02	-7.39	-1.56	-0.96	4.61
Gain (Loss) on Sale of Assets	-3.51	-0.73	-1.75	0.48	-3.81	-1.38
Asset Writedown	-39.07	-32.03	-16.54	-12.23	-16.98	-
Legal Settlements	-	-	-	-	-	-3.99
Other Unusual Items	29.56	15.04	17.29	5.97	17.38	10.77
Pretax Income	331.53	377.73	469.51	334.61	310.73	931.19
Income Tax Expense	63.12	57.13	102.48	58.42	65.59	149.32
Earnings From Continuing Operations	268.41	320.6	367.03	276.2	245.14	781.87
Minority Interest in Earnings	-5.75	19.31	-25.04	0.52	12.25	6.99
Net Income	262.66	339.91	341.99	276.71	257.4	788.86
Net Income to Common	262.66	339.91	341.99	276.71	257.4	788.86
Net Income Growth	-42.80%	-0.61%	23.59%	7.50%	-67.37%	-17.76%
Shares Outstanding (Basic)	609	607	611	615	613	612
Shares Outstanding (Diluted)	631	618	611	615	613	612
Shares Change	4.78%	1.20%	-0.69%	0.34%	0.22%	0.09%
EPS (Basic)	0.43	0.56	0.56	0.45	0.42	1.29
EPS (Diluted)	0.42	0.55	0.56	0.45	0.42	1.29
EPS Growth	-45.41%	-1.79%	24.44%	7.14%	-67.44%	-17.83%

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	Dec '21 Dec 31, 2021
Free Cash Flow	-81.92	326.46	156.54	406.87	533.43	502.77
Free Cash Flow Per Share	-0.13	0.53	0.26	0.66	0.87	0.82
Dividend Per Share	0.400	0.400	0.400	0.200	0.200	0.600
Dividend Growth	0%	0%	100.00%	0%	-66.67%	0%
Gross Margin	37.94%	37.76%	38.20%	36.62%	37.96%	47.32%
Operating Margin	13.62%	14.29%	13.85%	10.42%	13.18%	27.84%
Profit Margin	7.70%	10.10%	10.55%	8.92%	8.55%	21.82%
Free Cash Flow Margin	-2.40%	9.70%	4.83%	13.11%	17.73%	13.90%
EBITDA	622.2	644.92	611.44	487.89	560.48	1,143
EBITDA Margin	18.25%	19.16%	18.87%	15.72%	18.63%	31.61%
D&A For EBITDA	157.78	164.03	162.68	164.54	164.01	135.95
EBIT	464.42	480.89	448.77	323.35	396.47	1,007
EBIT Margin	13.62%	14.29%	13.85%	10.42%	13.18%	27.84%
Effective Tax Rate	19.04%	15.13%	21.83%	17.46%	21.11%	16.04%
Revenue as Reported	3,410	3,365	3,240	3,103	3,009	3,616