SHE:002823 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	2,915	2,648	2,759	2,710	2,431	2,197
Other Revenue	279.98	279.98	291.05	313.78	231.44	250.52
Revenue	3,195	2,928	3,050	3,024	2,662	2,447
Revenue Growth	10.34%	-3.98%	0.85%	13.60%	8.77%	27.42%
Cost of Revenue	2,570	2,339	2,516	2,585	2,295	2,100
Gross Profit	625.2	589.82	533.29	438.89	367.02	347.81
Selling, General & Admin	217.27	198.09	202.12	180.35	200.15	195.81
Research & Development	93.98	82.24	76.06	93.12	91.27	72.23
Other Operating Expenses	24.92	18.43	9.73	13.87	17.18	17.02
Operating Expenses	344.79	306.86	287.55	289.38	307.55	283.43
Operating Income	280.41	282.97	245.74	149.51	59.46	64.38
Interest Expense	-1.89	-28.26	-53.75	-69.53	-66.59	-59.51
Interest & Investment Income	6.59	0.15	1.08	0.5	12.45	2.98
Currency Exchange Gain (Loss)	13.29	13.29	-3.79	23.43	18.13	-30.77
Other Non Operating Income (Expenses)	-70.78	-9.08	-12.65	-15.03	-7.45	-7.54
EBT Excluding Unusual Items	227.61	259.06	176.64	88.88	16	-30.46
Gain (Loss) on Sale of Investments	1.77	-14.33	-0.04	-23.22	-15.95	8.64
Gain (Loss) on Sale of Assets	0.25	-0.06	1.15	0.5	-0.12	-3.2
Asset Writedown	-22.97	-0.18	-1.14	-3.31	-0.63	-2.62
Legal Settlements	-	-	-	-	-0.77	-
Other Unusual Items	27.13	23.06	18.82	19.47	26.35	40.85
Pretax Income	233.8	267.55	195.43	82.31	24.87	13.2
Income Tax Expense	21.82	33.95	25.32	5.59	0.09	0.45
Net Income	211.97	233.6	170.11	76.72	24.78	12.74
Net Income to Common	211.97	233.6	170.11	76.72	24.78	12.74
Net Income Growth	-9.12%	37.32%	121.73%	209.54%	94.48%	-84.77%
Shares Outstanding (Basic)	347	324	279	284	275	319
Shares Outstanding (Diluted)	347	324	279	284	275	319
Shares Change	25.86%	16.34%	-1.86%	3.18%	-13.56%	10.40%
EPS (Basic)	0.61	0.72	0.61	0.27	0.09	0.04
EPS (Diluted)	0.61	0.72	0.61	0.27	0.09	0.04
EPS Growth	-27.79%	18.03%	125.93%	200.00%	125.00%	-86.21%

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	175.36	305.26	254.41	51.43	35.71	-218.55
Free Cash Flow Per Share	0.51	0.94	0.91	0.18	0.13	-0.69
Dividend Per Share	0.244	0.427	0.412	0.080	0.035	0.010
Dividend Growth	-27.27%	3.70%	412.35%	129.95%	246.38%	-90.33%
Gross Margin	19.57%	20.14%	17.49%	14.51%	13.79%	14.21%
Operating Margin	8.78%	9.66%	8.06%	4.94%	2.23%	2.63%
Profit Margin	6.64%	7.98%	5.58%	2.54%	0.93%	0.52%
Free Cash Flow Margin	5.49%	10.42%	8.34%	1.70%	1.34%	-8.93%
EBITDA	472.81	486.26	463.55	346.25	234.76	235.4
EBITDA Margin	14.80%	16.61%	15.20%	11.45%	8.82%	9.62%
D&A For EBITDA	192.4	203.29	217.81	196.75	175.29	171.02
EBIT	280.41	282.97	245.74	149.51	59.46	64.38
EBIT Margin	8.78%	9.66%	8.06%	4.94%	2.23%	2.63%
Effective Tax Rate	9.33%	12.69%	12.96%	6.79%	0.34%	3.44%
Revenue as Reported	752.99	2,928	3,050	3,024	2,662	2,447
Advertising Expenses	-	1.4	2.46	-	-	-