SHE:002777 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	1,232	1,337	1,345	1,280	1,302
Other Revenue	-	2.53	2.18	2.37	3.58
Revenue	1,232	1,339	1,347	1,283	1,306
Revenue Growth (YoY)	-8.02%	-0.55%	5.01%	-1.79%	13.21%
Cost of Revenue	643.41	791.11	734.03	579.42	580.21
Gross Profit	588.66	548.37	612.82	703.15	725.7
Selling, General & Admin	230.35	251.91	266.24	298.57	293.38
Research & Development	209.81	171.76	152.27	173.66	164.53
Other Operating Expenses	-7.6	5.4	4.16	2.32	8.33
Operating Expenses	432.57	442.42	447.91	507.31	487.49
Operating Income	156.09	105.95	164.92	195.84	238.21
Interest Expense	-	-0.89	-0.98	-0.96	-0.56
Interest & Investment Income	10.26	13	14.25	16.02	18.78
Other Non Operating Income (Expenses)	-0.52	-2.98	3.02	-3.41	-4.9
EBT Excluding Unusual Items	165.83	115.08	181.2	207.49	251.53
Impairment of Goodwill	-	-9.78	-7.1	-2.76	-2.32
Gain (Loss) on Sale of Assets	0.39	0.04	0.03	0.2	0
Asset Writedown	-84.15	-38.79	-19.87	-11.02	-11.94
Other Unusual Items	-	15.25	33.66	14.09	17.05
Pretax Income	82.08	81.79	187.92	208	254.32
Income Tax Expense	-4.13	-2.67	10.61	12.6	21.3
Earnings From Continuing Operations	86.2	84.46	177.31	195.4	233.02
Minority Interest in Earnings	-9.34	-11.2	-10.96	-11.23	-14.52
Net Income	76.87	73.26	166.35	184.17	218.5
Net Income to Common	76.87	73.26	166.35	184.17	218.5
Net Income Growth	4.92%	-55.96%	-9.68%	-15.71%	17.09%
Shares Outstanding (Basic)	405	407	406	409	405
Shares Outstanding (Diluted)	405	407	406	409	405
Shares Change (YoY)	-0.60%	0.31%	-0.86%	1.15%	-1.60%
EPS (Basic)	0.19	0.18	0.41	0.45	0.54
EPS (Diluted)	0.19	0.18	0.41	0.45	0.54
EPS Growth	5.56%	-56.10%	-8.89%	-16.67%	19.00%
Free Cash Flow	193.47	175.9	33.9	-58.22	112.59
Free Cash Flow Per Share	0.48	0.43	0.08	-0.14	0.28
Dividend Per Share	-	0.150	0.120	0.100	0.154
Dividend Growth	-	25.00%	20.00%	-34.98%	33.28%
Gross Margin	47.78%	40.94%	45.50%	54.82%	55.57%
Operating Margin	12.67%	7.91%	12.25%	15.27%	18.24%
Profit Margin	6.24%	5.47%	12.35%	14.36%	16.73%
Free Cash Flow Margin	15.70%	13.13%	2.52%	-4.54%	8.62%
EBITDA	214.12	161.06	209.92	232.98	267.92
EBITDA Margin	17.38%	12.02%	15.59%	18.16%	20.52%
D&A For EBITDA	58.03	55.11	45.01	37.14	29.71
EBIT	156.09	105.95	164.92	195.84	238.21
EBIT Margin	12.67%	7.91%	12.25%	15.27%	18.24%
Effective Tax Rate	-	-	5.64%	6.06%	8.37%
Revenue as Reported	-	1,339	1,347	1,283	1,306

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