SHE:002730 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	1,142	1,167	1,351	1,216	912.88
Other Revenue	27.56	22.04	22.94	14.12	6.33
Revenue	1,169	1,189	1,374	1,230	919.21
Revenue Growth (YoY)	-1.68%	-13.42%	11.68%	33.79%	13.74%
Cost of Revenue	730.77	722.61	812.76	802.68	611.58
Gross Profit	438.39	466.56	560.78	427.16	307.63
Selling, General & Admin	260.11	251.05	313.61	250.83	170.44
Research & Development	74.24	78.48	82.63	65.73	38.57
Other Operating Expenses	8.25	7	10.98	10.89	9.25
Operating Expenses	374.17	355.83	444.89	347.12	230.7
Operating Income	64.22	110.72	115.89	80.04	76.92
Interest Expense	-14.59	-7.52	-6.61	-6.35	-3.41
Interest & Investment Income	25.61	10.91	20.44	14.97	3.97
Currency Exchange Gain (Loss)	0.02	0.02	0.06	0	-0
Other Non Operating Income (Expenses)	-0.56	-0.6	-1.52	-0.62	-0.26
EBT Excluding Unusual Items	74.71	113.54	128.26	88.05	77.23
Gain (Loss) on Sale of Investments	-	-0.17	0.42	1.6	-11.85
Gain (Loss) on Sale of Assets	0.32	0.06	-0.21	-0.07	24.38
Asset Writedown	-0.15	-0.01	-0.06	-0.59	-3.43
Other Unusual Items	8.15	1.99	11.27	4.92	4.78
Pretax Income	83.03	115.4	139.68	93.91	91.12
Income Tax Expense	11.44	17.13	14.82	9.51	5.95
Earnings From Continuing Operations	71.59	98.27	124.86	84.4	85.17
Minority Interest in Earnings	-4.52	-3.84	-5.25	5.69	0.63
Net Income	67.07	94.43	119.61	90.1	85.8
Net Income to Common	67.07	94.43	119.61	90.1	85.8
Net Income Growth	-28.97%	-21.05%	32.76%	5.01%	52.16%
Shares Outstanding (Basic)	353	363	362	360	318
Shares Outstanding (Diluted)	353	363	362	360	318
Shares Change (YoY)	-2.80%	0.20%	0.58%	13.41%	-4.20%
EPS (Basic)	0.19	0.26	0.33	0.25	0.27
EPS (Diluted)	0.19	0.26	0.33	0.25	0.27
EPS Growth	-26.92%	-21.21%	32.00%	-7.41%	58.82%
Free Cash Flow	-44.31	-262.63	-6.95	104.46	65.98
Free Cash Flow Per Share	-0.13	-0.72	-0.02	0.29	0.21
Dividend Per Share	0.100	0.130	0.130	0.110	0.110
Dividend Growth	-23.08%	-	18.18%	-	37.50%
Gross Margin	37.50%	39.23%	40.83%	34.73%	33.47%
Operating Margin	5.49%	9.31%	8.44%	6.51%	8.37%
Profit Margin	5.74%	7.94%	8.71%	7.33%	9.33%
Free Cash Flow Margin	-3.79%	-22.09%	-0.51%	8.49%	7.18%
EBITDA	165.16	155.75	144.59	108.98	98.79
EBITDA Margin	14.13%	13.10%	10.53%	8.86%	10.75%
D&A For EBITDA	100.94	45.03	28.7	28.94	21.86
EBIT	64.22	110.72	115.89	80.04	76.92
EBIT Margin	5.49%	9.31%	8.44%	6.51%	8.37%
Effective Tax Rate	13.78%	14.84%	10.61%	10.13%	6.53%
Revenue as Reported	1,169	1,189	1,374	1,230	919.21
Advertising Expenses	4.51	4.9	4.5	1.94	0.9

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