SHE:002782 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	5,510	4,662	4,617	3,169	1,560
Other Revenue	22.19	31.2	51.59	99	88.52
Revenue	5,532	4,693	4,668	3,268	1,649
Revenue Growth (YoY)	17.87%	0.54%	42.86%	98.17%	28.83%
Cost of Revenue	4,855	4,079	4,096	2,748	1,344
Gross Profit	677.59	614.37	572.51	519.34	304.57
Selling, General & Admin	209.27	214.54	212.88	167.6	146.06
Research & Development	141.37	134.74	121.83	97.48	69.62
Other Operating Expenses	20.57	20.65	22.6	17.71	8.83
Operating Expenses	373.63	390.25	352.07	302.9	234.32
Operating Income	303.96	224.12	220.43	216.44	70.25
Interest Expense	-4.4	-8.38	-14.53	-9.25	-0.95
Interest & Investment Income	12.45	8.79	14.36	1.78	7.53
Currency Exchange Gain (Loss)	-1.26	10.26	3.69	19.79	-7.95
Other Non Operating Income (Expenses)	-1.42	-0.11	-3.97	-3.01	-0.38
EBT Excluding Unusual Items	309.33	234.69	219.99	225.75	68.51
Gain (Loss) on Sale of Investments	21.35	6.24	-67.68	-68.46	-61.6
Gain (Loss) on Sale of Assets	-1.49	-3.01	-0.5	-0.69	-0.03
Other Unusual Items	3.37	12.52	17.2	-4.92	6.58
Pretax Income	332.56	250.43	169	151.67	13.46
Income Tax Expense	29.54	14.31	38.58	32.96	-12.81
Earnings From Continuing Operations	303.02	236.12	130.43	118.71	26.27
Minority Interest in Earnings	-3.38	-5.95	-16.49	-7.4	-
Net Income	299.64	230.18	113.94	111.31	26.27
Net Income to Common	299.64	230.18	113.94	111.31	26.27
Net Income Growth	30.18%	102.02%	2.36%	323.72%	-87.25%
Shares Outstanding (Basic)	487	488	487	473	482
Shares Outstanding (Diluted)	488	488	488	473	482
Shares Change (YoY)	-0.14%	0.17%	3.02%	-1.82%	9.49%
EPS (Basic)	0.62	0.47	0.23	0.24	0.05
EPS (Diluted)	0.61	0.47	0.23	0.24	0.05
EPS Growth	30.36%	101.67%	-0.64%	331.56%	-88.35%
Free Cash Flow	269.7	375.22	217.55	-38.44	-204.35
Free Cash Flow Per Share	0.55	0.77	0.45	-0.08	-0.42
Dividend Per Share	0.200	0.150	0.080	0.080	0.050
Dividend Growth	33.33%	87.50%	-	60.00%	-66.67%
Gross Margin	12.25%	13.09%	12.26%	15.89%	18.47%
Operating Margin	5.49%	4.78%	4.72%	6.62%	4.26%
Profit Margin	5.42%	4.90%	2.44%	3.41%	1.59%
Free Cash Flow Margin	4.88%	7.99%	4.66%	-1.18%	-12.39%
EBITDA	378.83	291.31	278.08	258.4	97.87
EBITDA Margin	6.85%	6.21%	5.96%	7.91%	5.93%
D&A For EBITDA	74.86	67.18	57.65	41.96	27.62
EBIT	303.96	224.12	220.43	216.44	70.25
EBIT Margin	5.49%	4.78%	4.72%	6.62%	4.26%
Effective Tax Rate	8.88%	5.71%	22.82%	21.73%	-
Revenue as Reported	5,532	4,693	4,668	3,268	1,649
Advertising Expenses	5	7.09	8.38	4.32	1.28

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