SHE:002777 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	1,220	1,230	1,337	1,345	1,280	1,302
Other Revenue	1.99	1.99	2.53	2.18	2.37	3.58
Revenue	1,222	1,232	1,339	1,347	1,283	1,306
Revenue Growth (YoY)	-9.57%	-8.02%	-0.55%	5.01%	-1.79%	13.21%
Cost of Revenue	653.56	648.45	791.11	734.03	579.42	580.21
Gross Profit	568.71	583.62	548.37	612.82	703.15	725.7
Selling, General & Admin	225.4	230.51	251.91	266.24	298.57	293.38
Research & Development	205.29	209.65	171.76	152.27	173.66	164.53
Other Operating Expenses	5.4	3.22	5.4	4.16	2.32	8.33
Operating Expenses	442.6	449.9	442.42	447.91	507.31	487.49
Operating Income	126.11	133.72	105.95	164.92	195.84	238.21
Interest Expense	-0.72	-0.72	-0.89	-0.98	-0.96	-0.56
Interest & Investment Income	13.05	13.27	13	14.25	16.02	18.78
Other Non Operating Income (Expenses)	-3.03	-2.73	-3.91	3.02	-3.41	-4.9
EBT Excluding Unusual Items	135.41	143.54	114.15	181.2	207.49	251.53
Impairment of Goodwill	-12.79	-12.79	-9.78	-7.1	-2.76	-2.32
Gain (Loss) on Sale of Assets	0.39	0.39	0.04	0.03	0.2	0
Asset Writedown	-62.09	-63.92	-38.79	-19.87	-11.02	-11.94
Other Unusual Items	14.86	14.86	16.17	33.66	14.09	17.05
Pretax Income	75.78	82.08	81.79	187.92	208	254.32
Income Tax Expense	-6.23	-4.13	-2.67	10.61	12.6	21.3
Earnings From Continuing Operations	82.01	86.2	84.46	177.31	195.4	233.02
Minority Interest in Earnings	-8.31	-9.34	-11.2	-10.96	-11.23	-14.52
Net Income	73.7	76.87	73.26	166.35	184.17	218.5
Net Income to Common	73.7	76.87	73.26	166.35	184.17	218.5
Net Income Growth	-2.31%	4.92%	-55.96%	-9.68%	-15.71%	17.09%
Shares Outstanding (Basic)	409	405	407	406	409	405
Shares Outstanding (Diluted)	409	405	407	406	409	405
Shares Change (YoY)	3.82%	-0.60%	0.31%	-0.86%	1.15%	-1.60%
EPS (Basic)	0.18	0.19	0.18	0.41	0.45	0.54
EPS (Diluted)	0.18	0.19	0.18	0.41	0.45	0.54
EPS Growth	-5.91%	5.56%	-56.10%	-8.89%	-16.67%	19.00%
Free Cash Flow	173.99	193.47	175.9	33.9	-58.22	112.59
Free Cash Flow Per Share	0.42	0.48	0.43	0.08	-0.14	0.28
Dividend Per Share	0.100	0.100	0.150	0.120	0.100	0.154
Dividend Growth	-33.33%	-33.33%	25.00%	20.00%	-34.98%	33.28%
Gross Margin	46.53%	47.37%	40.94%	45.50%	54.82%	55.57%
Operating Margin	10.32%	10.85%	7.91%	12.25%	15.27%	18.24%
Profit Margin	6.03%	6.24%	5.47%	12.35%	14.36%	16.73%
Free Cash Flow Margin	14.24%	15.70%	13.13%	2.52%	-4.54%	8.62%
EBITDA	182.88	190.43	162.39	209.92	232.98	267.92
EBITDA Margin	14.96%	15.46%	12.12%	15.59%	18.16%	20.52%
D&A For EBITDA	56.77	56.71	56.45	45.01	37.14	29.71
EBIT	126.11	133.72	105.95	164.92	195.84	238.21
EBIT Margin	10.32%	10.85%	7.91%	12.25%	15.27%	18.24%
Effective Tax Rate	-	-	-	5.64%	6.06%	8.37%
Revenue as Reported	1,232	1,232	1,339	1,347	1,283	1,306

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