SHE:002690 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	2,361	2,274	2,389	2,050	1,789
Other Revenue	45.75	36.41	36.32	67.42	24.03
Revenue	2,407	2,311	2,425	2,117	1,813
Revenue Growth (YoY)	4.16%	-4.73%	14.55%	16.79%	21.18%
Cost of Revenue	1,113	1,146	1,196	995.82	889.8
Gross Profit	1,293	1,165	1,229	1,121	923.08
Selling, General & Admin	395.39	401.98	366.2	332.91	292.01
Research & Development	164	159.53	148.69	122.57	123.43
Other Operating Expenses	-53.16	-51.24	-54.77	-51.72	-49.59
Operating Expenses	508.33	506.39	476.21	411.81	364.25
Operating Income	785.15	658.48	753.12	709.63	558.83
Interest & Investment Income	51.52	46.07	43.47	29.61	30.75
Currency Exchange Gain (Loss)	-23.92	19.46	8.38	79.38	-14.77
Other Non Operating Income (Expenses)	-1.12	-1.18	35.87	-1.12	-1.8
EBT Excluding Unusual Items	811.64	722.84	840.83	817.5	573.01
Gain (Loss) on Sale of Investments	2.82	0.6	0.08	-0.59	1.07
Asset Writedown	-0.06	-0.01	0.01	-7.02	-0.47
Other Unusual Items	10.45	20.87	20.05	28.2	7.87
Pretax Income	824.85	744.29	860.98	838.08	581.48
Income Tax Expense	105.73	95.12	116.15	107.97	70.39
Earnings From Continuing Operations	719.12	649.17	744.83	730.11	511.09
Net Income	719.12	649.17	744.83	730.11	511.09
Net Income to Common	719.12	649.17	744.83	730.11	511.09
Net Income Growth	10.77%	-12.84%	2.02%	42.85%	16.64%
Shares Outstanding (Basic)	882	881	881	881	879
Shares Outstanding (Diluted)	882	881	881	881	879
Shares Change (YoY)	0.19%	0.01%	-0.05%	0.25%	-0.01%
EPS (Basic)	0.82	0.74	0.85	0.83	0.58
EPS (Diluted)	0.82	0.74	0.85	0.83	0.58
EPS Growth	10.57%	-12.85%	2.06%	42.50%	16.65%
Free Cash Flow	915.98	858.42	641.69	240.1	477.16
Free Cash Flow Per Share	1.04	0.97	0.73	0.27	0.54
Dividend Per Share	0.700	0.700	0.700	0.700	0.615
Dividend Growth	-	-	-	13.75%	-
Gross Margin	53.74%	50.41%	50.69%	52.97%	50.92%
Operating Margin	32.62%	28.50%	31.05%	33.52%	30.83%
Profit Margin	29.88%	28.09%	30.71%	34.48%	28.19%
Free Cash Flow Margin	38.06%	37.15%	26.46%	11.34%	26.32%
EBITDA	817.78	693.01	786.79	738.52	583.62
EBITDA Margin	33.98%	29.99%	32.44%	34.88%	32.19%
D&A For EBITDA	32.63	34.53	33.67	28.9	24.78
EBIT	785.15	658.48	753.12	709.63	558.83
EBIT Margin	32.62%	28.50%	31.05%	33.52%	30.83%
Effective Tax Rate	12.82%	12.78%	13.49%	12.88%	12.11%
Revenue as Reported	2,407	2,311	2,425	2,117	1,813
Advertising Expenses	7.74	9.06	7.65	2.55	3.62

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