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	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	Dec '21 Dec 31, 2021
Operating Revenue	3,392	3,361	3,234	3,096	3,006	3,612
Other Revenue	4.73	4.73	5.84	6.85	3.19	4.63
Revenue	3,397	3,365	3,240	3,103	3,009	3,616
Revenue Growth	-2.98%	3.87%	4.43%	3.10%	-16.78%	3.19%
Cost of Revenue	2,130	2,095	2,002	1,967	1,867	1,905
Gross Profit	1,267	1,271	1,238	1,136	1,142	1,711
Selling, General & Admin	755.12	705.41	695.21	729.91	647.98	599.7
Research & Development	68.68	75.62	69.41	58.2	71.86	82.95
Other Operating Expenses	16.84	18.29	17.84	18.28	22.68	22.25
Operating Expenses	844.85	789.78	788.9	812.7	745.89	704.3
Operating Income	422.15	480.89	448.77	323.35	396.47	1,007
Interest Expense	-25.36	-60.07	-30.17	-40.29	-36.9	-33.67
Interest & Investment Income	68.59	95.13	40.93	30.47	19.87	17.45
Currency Exchange Gain (Loss)	-29.15	-29.15	19.84	29.32	54.64	-26.32
Other Non Operating Income (Expenses)	-81.47	-23.85	-1.46	-0.9	-4.83	-2.86
EBT Excluding Unusual Items	354.76	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	-10.25	-15.02	-7.39	-1.56	-0.96	4.61
Gain (Loss) on Sale of Assets	-0.93	-0.73	-1.75	0.48	-3.81	-1.38
Asset Writedown	-17.56	-32.03	-16.54	-12.23	-16.98	-
Legal Settlements	-	-	-	-	-	-3.99
Other Unusual Items	18.79	15.04	17.29	5.97	17.38	10.77
Pretax Income	292.32	377.73	469.51	334.61	310.73	931.19
Income Tax Expense	52.97	57.13	102.48	58.42	65.59	149.32
Earnings From Continuing Operations	239.35	320.6	367.03	276.2	245.14	781.87
Minority Interest in Earnings	-6.49	19.31	-25.04	0.52	12.25	6.99
Net Income	232.86	339.91	341.99	276.71	257.4	788.86
Net Income to Common	232.86	339.91	341.99	276.71	257.4	788.86
Net Income Growth	-51.70%	-0.61%	23.59%	7.50%	-67.37%	-17.76%
Shares Outstanding (Basic)	601	607	611	615	613	612
Shares Outstanding (Diluted)	635	618	611	615	613	612
Shares Change	4.21%	1.20%	-0.69%	0.34%	0.22%	0.09%
EPS (Basic)	0.39	0.56	0.56	0.45	0.42	1.29
EPS (Diluted)	0.37	0.55	0.56	0.45	0.42	1.29
EPS Growth	-53.65%	-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	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	Dec '21 Dec 31, 2021
Free Cash Flow	-425.15	326.46	156.54	406.87	533.43	502.77
Free Cash Flow Per Share	-0.67	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	37.30%	37.76%	38.20%	36.62%	37.96%	47.32%
Operating Margin	12.43%	14.29%	13.85%	10.42%	13.18%	27.84%
Profit Margin	6.85%	10.10%	10.55%	8.92%	8.55%	21.82%
Free Cash Flow Margin	-12.52%	9.70%	4.83%	13.11%	17.73%	13.90%
EBITDA	587.19	644.92	611.44	487.89	560.48	1,143
EBITDA Margin	17.28%	19.16%	18.87%	15.72%	18.63%	31.61%
D&A For EBITDA	165.04	164.03	162.68	164.54	164.01	135.95
EBIT	422.15	480.89	448.77	323.35	396.47	1,007
EBIT Margin	12.43%	14.29%	13.85%	10.42%	13.18%	27.84%
Effective Tax Rate	18.12%	15.13%	21.83%	17.46%	21.11%	16.04%
Revenue as Reported	761.1	3,365	3,240	3,103	3,009	3,616