SHE:002782 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	Sep '26 Sep 30, 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	6,017	5,510	4,662	4,617	3,169	1,560
Other Revenue	22.19	22.19	31.2	51.59	99	88.52
Revenue	6,039	5,532	4,693	4,668	3,268	1,649
Revenue Growth	9.59%	17.87%	0.54%	42.86%	98.17%	28.83%
Cost of Revenue	5,427	4,855	4,079	4,096	2,748	1,344
Gross Profit	612.38	677.59	614.37	572.51	519.34	304.57
Selling, General & Admin	234.86	209.27	214.54	212.88	167.6	146.06
Research & Development	148.74	141.37	134.74	121.83	97.48	69.62
Other Operating Expenses	26.65	20.57	20.65	22.6	17.71	8.83
Operating Expenses	399.64	373.63	390.25	352.07	302.9	234.32
Operating Income	212.74	303.96	224.12	220.43	216.44	70.25
Interest Expense	-0.93	-4.4	-8.38	-14.53	-9.25	-0.95
Interest & Investment Income	15.14	12.45	8.79	14.36	1.78	7.53
Currency Exchange Gain (Loss)	-1.26	-1.26	10.26	3.69	19.79	-7.95
Other Non Operating Income (Expenses)	-33.31	-1.42	-0.11	-3.97	-3.01	-0.38
EBT Excluding Unusual Items	192.38	309.33	234.69	219.99	225.75	68.51
Gain (Loss) on Sale of Investments	21.78	21.35	6.24	-67.68	-68.46	-61.6
Gain (Loss) on Sale of Assets	-1.23	-1.49	-3.01	-0.5	-0.69	-0.03
Other Unusual Items	2.07	3.37	12.52	17.2	-4.92	6.58
Pretax Income	206.89	332.56	250.43	169	151.67	13.46
Income Tax Expense	15.61	29.54	14.31	38.58	32.96	-12.81
Earnings From Continuing Operations	191.28	303.02	236.12	130.43	118.71	26.27
Minority Interest in Earnings	1.16	-3.38	-5.95	-16.49	-7.4	-
Net Income	192.44	299.64	230.18	113.94	111.31	26.27
Net Income to Common	192.44	299.64	230.18	113.94	111.31	26.27
Net Income Growth	-37.96%	30.18%	102.02%	2.36%	323.72%	-87.25%
Shares Outstanding (Basic)	492	487	488	487	473	482
Shares Outstanding (Diluted)	492	488	488	488	473	482
Shares Change	0.97%	-0.14%	0.17%	3.02%	-1.82%	9.49%
EPS (Basic)	0.39	0.62	0.47	0.23	0.24	0.05
EPS (Diluted)	0.39	0.61	0.47	0.23	0.24	0.05
EPS Growth	-38.55%	30.36%	101.67%	-0.64%	331.56%	-88.35%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	256.28	269.7	375.22	217.55	-38.44	-204.35
Free Cash Flow Per Share	0.52	0.55	0.77	0.45	-0.08	-0.42
Dividend Per Share	0.200	0.200	0.150	0.080	0.080	0.050
Dividend Growth	33.33%	33.33%	87.50%	0%	60.00%	-66.67%
Gross Margin	10.14%	12.25%	13.09%	12.26%	15.89%	18.47%
Operating Margin	3.52%	5.49%	4.78%	4.72%	6.62%	4.26%
Profit Margin	3.19%	5.42%	4.90%	2.44%	3.41%	1.59%
Free Cash Flow Margin	4.24%	4.88%	7.99%	4.66%	-1.18%	-12.39%
EBITDA	293.37	378.83	291.31	278.08	258.4	97.87
EBITDA Margin	4.86%	6.85%	6.21%	5.96%	7.91%	5.93%
D&A For EBITDA	80.63	74.86	67.18	57.65	41.96	27.62
EBIT	212.74	303.96	224.12	220.43	216.44	70.25
EBIT Margin	3.52%	5.49%	4.78%	4.72%	6.62%	4.26%
Effective Tax Rate	7.55%	8.88%	5.71%	22.82%	21.73%	-
Revenue as Reported	1,428	5,532	4,693	4,668	3,268	1,649
Advertising Expenses	-	5	7.09	8.38	4.32	1.28