SHE:002689 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	Dec '21 Dec 31, 2021
Operating Revenue	1,375	1,188	1,316	966.3	799.87
Other Revenue	-	14.48	19.84	21.95	22.08
Revenue	1,375	1,203	1,336	988.24	821.95
Revenue Growth (YoY)	14.34%	-9.95%	35.16%	20.23%	-3.19%
Cost of Revenue	970.09	912.7	1,040	800.59	613.8
Gross Profit	405.22	290.12	295.6	187.65	208.15
Selling, General & Admin	234.77	241.39	229.39	247.11	210.63
Research & Development	44.96	40.02	44.98	47.61	38.92
Other Operating Expenses	-5.86	6.76	11.28	13.62	10.5
Operating Expenses	307.02	306.33	292.12	349.87	254.95
Operating Income	98.2	-16.22	3.47	-162.22	-46.81
Interest Expense	-0.18	-0.3	-0.24	-	-
Interest & Investment Income	23.23	36.91	17.1	32.21	10.79
Currency Exchange Gain (Loss)	-	6.12	3.4	12.87	-9.15
Other Non Operating Income (Expenses)	-13.24	-3.88	-1.19	-6.74	-0.44
EBT Excluding Unusual Items	108.01	22.62	22.55	-123.88	-45.61
Gain (Loss) on Sale of Investments	0.13	0.13	0.51	-	-
Gain (Loss) on Sale of Assets	0.01	-0.77	0.02	0.13	-0.09
Asset Writedown	-5.17	-13.89	-2.25	-8.22	-0.02
Other Unusual Items	-	16.69	18.35	16.68	20.37
Pretax Income	102.98	24.78	39.19	-115.29	-25.35
Income Tax Expense	2.33	6.66	8.18	-3.89	3.76
Earnings From Continuing Operations	100.66	18.12	31.01	-111.4	-29.11
Minority Interest in Earnings	-	-	-	-	1
Net Income	100.66	18.12	31.01	-111.4	-28.11
Net Income to Common	100.66	18.12	31.01	-111.4	-28.11
Net Income Growth	455.58%	-41.58%	-	-	-
Shares Outstanding (Basic)	1,043	1,041	1,044	1,043	1,045
Shares Outstanding (Diluted)	1,043	1,041	1,044	1,043	1,045
Shares Change (YoY)	0.18%	-0.29%	0.11%	-0.17%	0.21%
EPS (Basic)	0.10	0.02	0.03	-0.11	-0.03
EPS (Diluted)	0.10	0.02	0.03	-0.11	-0.03
EPS Growth	454.60%	-41.41%	-	-	-
Free Cash Flow	203.78	-113.69	100.78	-170.96	30.41
Free Cash Flow Per Share	0.20	-0.11	0.10	-0.16	0.03
Gross Margin	29.46%	24.12%	22.13%	18.99%	25.32%
Operating Margin	7.14%	-1.35%	0.26%	-16.41%	-5.70%
Profit Margin	7.32%	1.51%	2.32%	-11.27%	-3.42%
Free Cash Flow Margin	14.82%	-9.45%	7.54%	-17.30%	3.70%
EBITDA	134.15	24.14	45.45	-113.52	5.44
EBITDA Margin	9.75%	2.01%	3.40%	-11.49%	0.66%
D&A For EBITDA	35.95	40.35	41.98	48.69	52.25
EBIT	98.2	-16.22	3.47	-162.22	-46.81
EBIT Margin	7.14%	-1.35%	0.26%	-16.41%	-5.70%
Effective Tax Rate	2.26%	26.89%	20.86%	-	-
Revenue as Reported	-	1,203	1,336	988.24	821.95
Advertising Expenses	-	1.44	2.23	1.62	0.91

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.