SHE:002688 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	2,878	2,366	2,168	2,117	2,072
Other Revenue	-	4.99	6.04	5.82	5.8
Revenue	2,878	2,371	2,174	2,123	2,078
Revenue Growth (YoY)	21.41%	9.04%	2.42%	2.15%	14.51%
Cost of Revenue	1,904	1,641	1,572	1,545	1,472
Gross Profit	974.5	729.97	602.51	577.47	605.66
Selling, General & Admin	527.75	401.98	367.95	352.78	316.37
Research & Development	116.55	94	74	82.28	72.25
Other Operating Expenses	-7.75	8.14	5.82	7.75	12.15
Operating Expenses	636.54	518.11	454.08	444.34	402.65
Operating Income	337.96	211.85	148.43	133.13	203.01
Interest Expense	-	-80.34	-60.03	-36.41	-52.34
Interest & Investment Income	-	6.9	8.37	1.9	1.72
Currency Exchange Gain (Loss)	-	8.92	8.85	40.34	-8.83
Other Non Operating Income (Expenses)	-101.02	-28.48	-7.33	-15.79	-4.87
EBT Excluding Unusual Items	236.94	118.85	98.29	123.18	138.68
Impairment of Goodwill	-	-39.77	-5.62	-7.74	-11.04
Gain (Loss) on Sale of Investments	-2.4	-1.22	-1.52	-3.94	-
Gain (Loss) on Sale of Assets	-2.66	0.19	-0.36	-0.25	4.87
Asset Writedown	-192.74	-1.11	-0.93	-0.46	-1.28
Other Unusual Items	-	20.83	11.65	8.05	11.69
Pretax Income	39.15	97.78	101.5	118.84	142.91
Income Tax Expense	50.13	13.46	7.06	0.73	20.82
Earnings From Continuing Operations	-10.98	84.32	94.43	118.11	122.09
Minority Interest in Earnings	38.54	15.88	-7.98	-42.5	-28.1
Net Income	27.56	100.2	86.46	75.62	93.99
Net Income to Common	27.56	100.2	86.46	75.62	93.99
Net Income Growth	-72.50%	15.90%	14.34%	-19.55%	-19.89%
Shares Outstanding (Basic)	781	774	780	780	696
Shares Outstanding (Diluted)	781	774	780	780	696
Shares Change (YoY)	0.81%	-0.76%	-0.01%	12.16%	6.74%
EPS (Basic)	0.04	0.13	0.11	0.10	0.14
EPS (Diluted)	0.04	0.13	0.11	0.10	0.14
EPS Growth	-72.72%	16.79%	14.34%	-28.27%	-24.94%
Free Cash Flow	148.64	136.18	-258.45	-277.69	-230.74
Free Cash Flow Per Share	0.19	0.18	-0.33	-0.36	-0.33
Dividend Per Share	-	0.100	0.100	0.100	-
Gross Margin	33.86%	30.79%	27.71%	27.20%	29.15%
Operating Margin	11.74%	8.94%	6.83%	6.27%	9.77%
Profit Margin	0.96%	4.23%	3.98%	3.56%	4.52%
Free Cash Flow Margin	5.17%	5.75%	-11.89%	-13.08%	-11.10%
EBITDA	567.89	397.04	321.3	282.31	333.98
EBITDA Margin	19.73%	16.75%	14.78%	13.30%	16.07%
D&A For EBITDA	229.94	185.19	172.86	149.18	130.97
EBIT	337.96	211.85	148.43	133.13	203.01
EBIT Margin	11.74%	8.94%	6.83%	6.27%	9.77%
Effective Tax Rate	128.06%	13.77%	6.96%	0.61%	14.57%
Revenue as Reported	-	2,371	2,174	2,123	2,078
Advertising Expenses	-	27.74	20.64	12.16	5.36

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