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	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	2,777	2,648	2,759	2,710	2,431	2,197
Other Revenue	276.84	279.98	291.05	313.78	231.44	250.52
Revenue	3,054	2,928	3,050	3,024	2,662	2,447
Revenue Growth	4.11%	-3.98%	0.85%	13.60%	8.77%	27.42%
Cost of Revenue	2,455	2,339	2,516	2,585	2,295	2,100
Gross Profit	598.94	589.82	533.29	438.89	367.02	347.81
Selling, General & Admin	207.71	198.09	202.12	180.35	200.15	195.81
Research & Development	89.43	82.24	76.06	93.12	91.27	72.23
Other Operating Expenses	24.58	18.43	9.73	13.87	17.18	17.02
Operating Expenses	332.85	306.86	287.55	289.38	307.55	283.43
Operating Income	266.08	282.97	245.74	149.51	59.46	64.38
Interest Expense	-24.26	-28.26	-53.75	-69.53	-66.59	-59.51
Interest & Investment Income	1.55	0.15	1.08	0.5	12.45	2.98
Currency Exchange Gain (Loss)	-16.48	13.29	-3.79	23.43	18.13	-30.77
Other Non Operating Income (Expenses)	-5.24	-9.08	-12.65	-15.03	-7.45	-7.54
EBT Excluding Unusual Items	221.66	259.06	176.64	88.88	16	-30.46
Gain (Loss) on Sale of Investments	2.9	-14.33	-0.04	-23.22	-15.95	8.64
Gain (Loss) on Sale of Assets	-2.11	-0.06	1.15	0.5	-0.12	-3.2
Asset Writedown	-0.18	-0.18	-1.14	-3.31	-0.63	-2.62
Legal Settlements	-	-	-	-	-0.77	-
Other Unusual Items	30.52	23.06	18.82	19.47	26.35	40.85
Pretax Income	252.79	267.55	195.43	82.31	24.87	13.2
Income Tax Expense	27.62	33.95	25.32	5.59	0.09	0.45
Net Income	225.16	233.6	170.11	76.72	24.78	12.74
Net Income to Common	225.16	233.6	170.11	76.72	24.78	12.74
Net Income Growth	9.34%	37.32%	121.73%	209.54%	94.48%	-84.77%
Shares Outstanding (Basic)	339	324	279	284	275	319
Shares Outstanding (Diluted)	339	324	279	284	275	319
Shares Change	21.55%	16.34%	-1.86%	3.18%	-13.56%	10.40%
EPS (Basic)	0.66	0.72	0.61	0.27	0.09	0.04
EPS (Diluted)	0.66	0.72	0.61	0.27	0.09	0.04
EPS Growth	-10.04%	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	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	332.76	305.26	254.41	51.43	35.71	-218.55
Free Cash Flow Per Share	0.98	0.94	0.91	0.18	0.13	-0.69
Dividend Per Share	0.427	0.427	0.412	0.080	0.035	0.010
Dividend Growth	-17.65%	3.70%	412.35%	129.95%	246.38%	-90.33%
Gross Margin	19.61%	20.14%	17.49%	14.51%	13.79%	14.21%
Operating Margin	8.71%	9.66%	8.06%	4.94%	2.23%	2.63%
Profit Margin	7.37%	7.98%	5.58%	2.54%	0.93%	0.52%
Free Cash Flow Margin	10.90%	10.42%	8.34%	1.70%	1.34%	-8.93%
EBITDA	465.56	486.26	463.55	346.25	234.76	235.4
EBITDA Margin	15.24%	16.61%	15.20%	11.45%	8.82%	9.62%
D&A For EBITDA	199.48	203.29	217.81	196.75	175.29	171.02
EBIT	266.08	282.97	245.74	149.51	59.46	64.38
EBIT Margin	8.71%	9.66%	8.06%	4.94%	2.23%	2.63%
Effective Tax Rate	10.93%	12.69%	12.96%	6.79%	0.34%	3.44%
Revenue as Reported	3,054	2,928	3,050	3,024	2,662	2,447
Advertising Expenses	-	1.4	2.46	-	-	-