SHE:002632 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,491	1,401	1,306	1,264	1,267
Other Revenue	-	39.98	16.32	22.49	16.49
Revenue	1,491	1,441	1,323	1,287	1,284
Revenue Growth (YoY)	3.49%	8.96%	2.81%	0.22%	1.37%
Cost of Revenue	984.98	997.27	910.63	913.26	815.55
Gross Profit	506.47	443.95	412.08	373.34	468.24
Selling, General & Admin	144.76	150.3	170.96	159.52	163.66
Research & Development	61.39	63.87	68.25	63.37	70.76
Other Operating Expenses	9.42	12.02	15.27	14.7	12.44
Operating Expenses	215.57	234.31	254.68	248.08	255.12
Operating Income	290.91	209.63	157.4	125.26	213.12
Interest Expense	-	-5.83	-3.52	-0.37	-0.9
Interest & Investment Income	15.24	13.06	14.42	239.4	6.97
Currency Exchange Gain (Loss)	-	-29.82	4.86	33.41	-16.94
Other Non Operating Income (Expenses)	7.56	-2.27	-1.14	-1.16	-0.78
EBT Excluding Unusual Items	313.71	184.78	172.01	396.54	201.47
Impairment of Goodwill	-	-	-	-	-128.4
Gain (Loss) on Sale of Investments	2.56	3.33	-	-2.54	0.04
Gain (Loss) on Sale of Assets	-0	0.01	-1	0.01	-0.14
Asset Writedown	-53.3	-7.57	-1.91	-1.58	-11.35
Other Unusual Items	-	20.92	24.65	10.74	19.2
Pretax Income	262.96	201.48	193.75	403.17	80.83
Income Tax Expense	41.9	32.58	37.55	89.3	25.74
Earnings From Continuing Operations	221.06	168.9	156.2	313.87	55.09
Minority Interest in Earnings	0.58	1.04	0.51	0.06	-0.15
Net Income	221.64	169.94	156.71	313.94	54.94
Net Income to Common	221.64	169.94	156.71	313.94	54.94
Net Income Growth	30.43%	8.44%	-50.08%	471.38%	-67.53%
Shares Outstanding (Basic)	633	629	627	628	610
Shares Outstanding (Diluted)	633	629	627	628	610
Shares Change (YoY)	0.61%	0.41%	-0.17%	2.85%	-2.58%
EPS (Basic)	0.35	0.27	0.25	0.50	0.09
EPS (Diluted)	0.35	0.27	0.25	0.50	0.09
EPS Growth	29.63%	8.00%	-50.00%	455.56%	-66.67%
Free Cash Flow	406.61	231.3	185.19	25.07	384.49
Free Cash Flow Per Share	0.64	0.37	0.29	0.04	0.63
Dividend Per Share	-	0.260	0.300	0.450	0.050
Dividend Growth	-	-13.33%	-33.33%	800.00%	-61.54%
Gross Margin	33.96%	30.80%	31.15%	29.02%	36.47%
Operating Margin	19.50%	14.55%	11.90%	9.74%	16.60%
Profit Margin	14.86%	11.79%	11.85%	24.40%	4.28%
Free Cash Flow Margin	27.26%	16.05%	14.00%	1.95%	29.95%
EBITDA	408.44	330.14	285.12	253.89	323.24
EBITDA Margin	27.39%	22.91%	21.55%	19.73%	25.18%
D&A For EBITDA	117.54	120.51	127.72	128.64	110.12
EBIT	290.91	209.63	157.4	125.26	213.12
EBIT Margin	19.50%	14.55%	11.90%	9.74%	16.60%
Effective Tax Rate	15.93%	16.17%	19.38%	22.15%	31.85%
Revenue as Reported	-	1,441	1,323	1,287	1,284
Advertising Expenses	-	2.77	5.95	3.82	13.57

Source: S&P Global Market Intelligence. Standard template. Financial Sources.