SHE:002728 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	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	838.55	923.81	686.91	1,066	886.15	757.93
Other Revenue	0.72	0.72	0.88	0.74	0.43	0.23
Revenue	839.27	924.53	687.79	1,067	886.57	758.16
Revenue Growth (YoY)	2.56%	34.42%	-35.55%	20.38%	16.94%	19.83%
Cost of Revenue	398.93	421.17	386.47	467.98	451.83	356.12
Gross Profit	440.34	503.36	301.32	599.23	434.74	402.04
Selling, General & Admin	317.36	371.5	225.54	240.67	176.38	175.95
Research & Development	44.14	44.41	43.33	43.06	38.01	37.78
Other Operating Expenses	4.99	7.91	2.05	9.38	1.75	9.27
Operating Expenses	365.31	422.54	270.89	293.19	216.74	224.72
Operating Income	75.03	80.82	30.43	306.04	217.99	177.33
Interest Expense	-3.16	-4.23	-5.32	-16.36	-29.13	-29.51
Interest & Investment Income	3.71	3.57	10.34	12.34	8.55	12.14
Other Non Operating Income (Expenses)	0.61	0.37	-0.45	-0.4	-1.44	-0.42
EBT Excluding Unusual Items	76.19	80.53	34.99	301.61	195.97	159.53
Impairment of Goodwill	-	-	-11.63	-13.17	-	-23.06
Gain (Loss) on Sale of Assets	-0.01	-0.07	0.01	0.12	0.04	0.1
Asset Writedown	-0.82	-0.82	-0.16	-0.27	-0.12	-0.37
Other Unusual Items	2.64	2.64	-1.16	4.7	0.43	10.91
Pretax Income	78	82.28	22.05	292.99	196.32	147.1
Income Tax Expense	2.14	0.61	1.56	39.82	18.12	20.18
Net Income	75.87	81.67	20.5	253.18	178.2	126.92
Net Income to Common	75.87	81.67	20.5	253.18	178.2	126.92
Net Income Growth	76.82%	298.50%	-91.91%	42.07%	40.41%	189.66%
Shares Outstanding (Basic)	508	510	512	460	438	401
Shares Outstanding (Diluted)	508	510	512	460	438	401
Shares Change (YoY)	-4.11%	-0.38%	11.31%	5.16%	9.09%	2.75%
EPS (Basic)	0.15	0.16	0.04	0.55	0.41	0.32
EPS (Diluted)	0.15	0.16	0.04	0.55	0.41	0.32
EPS Growth	84.39%	300.00%	-92.73%	35.10%	28.71%	181.91%
Free Cash Flow	92.71	164.54	-136.11	112.51	281.39	147.24
Free Cash Flow Per Share	0.18	0.32	-0.27	0.24	0.64	0.37
Dividend Per Share	0.150	0.150	0.050	0.357	0.332	0.332
Dividend Growth	200.00%	200.00%	-86.00%	7.69%	-	-
Gross Margin	52.47%	54.45%	43.81%	56.15%	49.04%	53.03%
Operating Margin	8.94%	8.74%	4.42%	28.68%	24.59%	23.39%
Profit Margin	9.04%	8.83%	2.98%	23.72%	20.10%	16.74%
Free Cash Flow Margin	11.05%	17.80%	-19.79%	10.54%	31.74%	19.42%
EBITDA	146.21	150.64	94.79	366.14	270.52	228.63
EBITDA Margin	17.42%	16.29%	13.78%	34.31%	30.51%	30.16%
D&A For EBITDA	71.18	69.82	64.37	60.1	52.52	51.31
EBIT	75.03	80.82	30.43	306.04	217.99	177.33
EBIT Margin	8.94%	8.74%	4.42%	28.68%	24.59%	23.39%
Effective Tax Rate	2.74%	0.74%	7.06%	13.59%	9.23%	13.72%
Revenue as Reported	839.27	924.53	687.79	1,067	886.57	758.16

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