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	Jun '26 Jun 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	5,663	5,510	4,662	4,617	3,169	1,560
Other Revenue	11.37	22.19	31.2	51.59	99	88.52
Revenue	5,674	5,532	4,693	4,668	3,268	1,649
Revenue Growth	8.46%	17.87%	0.54%	42.86%	98.17%	28.83%
Cost of Revenue	5,036	4,855	4,079	4,096	2,748	1,344
Gross Profit	638.37	677.59	614.37	572.51	519.34	304.57
Selling, General & Admin	230.35	209.27	214.54	212.88	167.6	146.06
Research & Development	144.02	141.37	134.74	121.83	97.48	69.62
Other Operating Expenses	24.22	20.57	20.65	22.6	17.71	8.83
Operating Expenses	390.81	373.63	390.25	352.07	302.9	234.32
Operating Income	247.56	303.96	224.12	220.43	216.44	70.25
Interest Expense	-1.98	-4.4	-8.38	-14.53	-9.25	-0.95
Interest & Investment Income	12.44	12.45	8.79	14.36	1.78	7.53
Currency Exchange Gain (Loss)	-3.83	-1.26	10.26	3.69	19.79	-7.95
Other Non Operating Income (Expenses)	-12.24	-1.42	-0.11	-3.97	-3.01	-0.38
EBT Excluding Unusual Items	241.96	309.33	234.69	219.99	225.75	68.51
Gain (Loss) on Sale of Investments	21.34	21.35	6.24	-67.68	-68.46	-61.6
Gain (Loss) on Sale of Assets	-1.12	-1.49	-3.01	-0.5	-0.69	-0.03
Other Unusual Items	6.89	3.37	12.52	17.2	-4.92	6.58
Pretax Income	237.67	332.56	250.43	169	151.67	13.46
Income Tax Expense	17.38	29.54	14.31	38.58	32.96	-12.81
Earnings From Continuing Operations	220.3	303.02	236.12	130.43	118.71	26.27
Minority Interest in Earnings	0.41	-3.38	-5.95	-16.49	-7.4	-
Net Income	220.71	299.64	230.18	113.94	111.31	26.27
Net Income to Common	220.71	299.64	230.18	113.94	111.31	26.27
Net Income Growth	-20.53%	30.18%	102.02%	2.36%	323.72%	-87.25%
Shares Outstanding (Basic)	492	487	488	487	473	482
Shares Outstanding (Diluted)	493	488	488	488	473	482
Shares Change	1.40%	-0.14%	0.17%	3.02%	-1.82%	9.49%
EPS (Basic)	0.45	0.62	0.47	0.23	0.24	0.05
EPS (Diluted)	0.45	0.61	0.47	0.23	0.24	0.05
EPS Growth	-21.63%	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	Jun '26 Jun 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	259.68	269.7	375.22	217.55	-38.44	-204.35
Free Cash Flow Per Share	0.53	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	11.25%	12.25%	13.09%	12.26%	15.89%	18.47%
Operating Margin	4.36%	5.49%	4.78%	4.72%	6.62%	4.26%
Profit Margin	3.89%	5.42%	4.90%	2.44%	3.41%	1.59%
Free Cash Flow Margin	4.58%	4.88%	7.99%	4.66%	-1.18%	-12.39%
EBITDA	329.86	378.83	291.31	278.08	258.4	97.87
EBITDA Margin	5.81%	6.85%	6.21%	5.96%	7.91%	5.93%
D&A For EBITDA	82.3	74.86	67.18	57.65	41.96	27.62
EBIT	247.56	303.96	224.12	220.43	216.44	70.25
EBIT Margin	4.36%	5.49%	4.78%	4.72%	6.62%	4.26%
Effective Tax Rate	7.31%	8.88%	5.71%	22.82%	21.73%	-
Revenue as Reported	2,865	5,532	4,693	4,668	3,268	1,649
Advertising Expenses	-	5	7.09	8.38	4.32	1.28