SHE:002730 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	1,116	1,142	1,167	1,351	1,216	912.88
Other Revenue	27.56	27.56	22.04	22.94	14.12	6.33
Revenue	1,144	1,169	1,189	1,374	1,230	919.21
Revenue Growth (YoY)	-5.47%	-1.68%	-13.42%	11.68%	33.79%	13.74%
Cost of Revenue	712.9	730.77	722.61	812.76	802.68	611.58
Gross Profit	430.8	438.39	466.56	560.78	427.16	307.63
Selling, General & Admin	247.75	260.11	251.05	313.61	250.83	170.44
Research & Development	76.28	74.24	78.48	82.63	65.73	38.57
Other Operating Expenses	11.02	8.25	7	10.98	10.89	9.25
Operating Expenses	370.1	374.17	355.83	444.89	347.12	230.7
Operating Income	60.7	64.22	110.72	115.89	80.04	76.92
Interest Expense	-14.02	-14.59	-7.52	-6.61	-6.35	-3.41
Interest & Investment Income	25.68	25.61	10.91	20.44	14.97	3.97
Currency Exchange Gain (Loss)	0.02	0.02	0.02	0.06	0	-0
Other Non Operating Income (Expenses)	-0.08	-0.56	-0.6	-1.52	-0.62	-0.26
EBT Excluding Unusual Items	72.29	74.71	113.54	128.26	88.05	77.23
Gain (Loss) on Sale of Investments	0.04	-	-0.17	0.42	1.6	-11.85
Gain (Loss) on Sale of Assets	0.38	0.32	0.06	-0.21	-0.07	24.38
Asset Writedown	7.76	-0.15	-0.01	-0.06	-0.59	-3.43
Other Unusual Items	8.53	8.15	1.99	11.27	4.92	4.78
Pretax Income	89	83.03	115.4	139.68	93.91	91.12
Income Tax Expense	17.15	11.44	17.13	14.82	9.51	5.95
Earnings From Continuing Operations	71.85	71.59	98.27	124.86	84.4	85.17
Minority Interest in Earnings	-3.56	-4.52	-3.84	-5.25	5.69	0.63
Net Income	68.3	67.07	94.43	119.61	90.1	85.8
Net Income to Common	68.3	67.07	94.43	119.61	90.1	85.8
Net Income Growth	-26.35%	-28.97%	-21.05%	32.76%	5.01%	52.16%
Shares Outstanding (Basic)	358	353	363	362	360	318
Shares Outstanding (Diluted)	358	353	363	362	360	318
Shares Change (YoY)	0.56%	-2.80%	0.20%	0.58%	13.41%	-4.20%
EPS (Basic)	0.19	0.19	0.26	0.33	0.25	0.27
EPS (Diluted)	0.19	0.19	0.26	0.33	0.25	0.27
EPS Growth	-26.76%	-26.92%	-21.21%	32.00%	-7.41%	58.82%
Free Cash Flow	33.17	-44.31	-262.63	-6.95	104.46	65.98
Free Cash Flow Per Share	0.09	-0.13	-0.72	-0.02	0.29	0.21
Dividend Per Share	0.100	0.100	0.130	0.130	0.110	0.110
Dividend Growth	-23.08%	-23.08%	-	18.18%	-	37.50%
Gross Margin	37.67%	37.50%	39.23%	40.83%	34.73%	33.47%
Operating Margin	5.31%	5.49%	9.31%	8.44%	6.51%	8.37%
Profit Margin	5.97%	5.74%	7.94%	8.71%	7.33%	9.33%
Free Cash Flow Margin	2.90%	-3.79%	-22.09%	-0.51%	8.49%	7.18%
EBITDA	175.62	165.16	155.75	144.59	108.98	98.79
EBITDA Margin	15.35%	14.13%	13.10%	10.53%	8.86%	10.75%
D&A For EBITDA	114.92	100.94	45.03	28.7	28.94	21.86
EBIT	60.7	64.22	110.72	115.89	80.04	76.92
EBIT Margin	5.31%	5.49%	9.31%	8.44%	6.51%	8.37%
Effective Tax Rate	19.27%	13.78%	14.84%	10.61%	10.13%	6.53%
Revenue as Reported	1,144	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.