SHE:002857 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	362.53	674.9	322.11	173.69	199.69
Other Revenue	-	5.82	4.05	21.53	19.81
Revenue	362.53	680.71	326.16	195.22	219.5
Revenue Growth (YoY)	-46.74%	108.71%	67.07%	-11.06%	3.67%
Cost of Revenue	300.66	531.23	244.74	124.37	140.58
Gross Profit	61.87	149.48	81.42	70.85	78.92
Selling, General & Admin	88.13	94.8	64.27	51.53	47.95
Research & Development	27.55	26.22	20.32	12.33	14.88
Other Operating Expenses	2.62	3.69	3.12	2.15	1.58
Operating Expenses	118.29	125.09	89.09	68.13	63.47
Operating Income	-56.42	24.39	-7.67	2.72	15.46
Interest Expense	-	-0.83	-0.58	-	-
Interest & Investment Income	0.16	5.81	5.83	6.05	5.78
Other Non Operating Income (Expenses)	6.9	-0.4	-0.23	-0.07	0.34
EBT Excluding Unusual Items	-49.36	28.98	-2.65	8.7	21.58
Gain (Loss) on Sale of Investments	0.1	0.34	0.77	0.06	0.03
Gain (Loss) on Sale of Assets	1.55	0.07	-	-	-
Asset Writedown	-5.71	-0.01	0.01	-0.02	-0.16
Other Unusual Items	-	1.94	3.64	3.6	0.53
Pretax Income	-53.41	31.32	1.76	12.34	21.98
Income Tax Expense	1.83	4.5	0.48	-0.61	2.48
Earnings From Continuing Operations	-55.25	26.82	1.28	12.94	19.5
Minority Interest in Earnings	13.31	-8.72	4.63	-	-
Net Income	-41.94	18.1	5.91	12.94	19.5
Net Income to Common	-41.94	18.1	5.91	12.94	19.5
Net Income Growth	-	206.19%	-54.34%	-33.63%	-16.73%
Shares Outstanding (Basic)	131	129	118	129	130
Shares Outstanding (Diluted)	131	129	118	129	130
Shares Change (YoY)	1.38%	9.35%	-8.67%	-0.45%	-0.08%
EPS (Basic)	-0.32	0.14	0.05	0.10	0.15
EPS (Diluted)	-0.32	0.14	0.05	0.10	0.15
EPS Growth	-	180.00%	-50.00%	-33.33%	-16.67%
Free Cash Flow	-66.48	97.32	35.05	33.58	10.72
Free Cash Flow Per Share	-0.51	0.75	0.30	0.26	0.08
Dividend Per Share	-	0.015	0.036	-	-
Dividend Growth	-	-58.33%	-	-	-
Gross Margin	17.07%	21.96%	24.96%	36.29%	35.95%
Operating Margin	-15.56%	3.58%	-2.35%	1.39%	7.04%
Profit Margin	-11.57%	2.66%	1.81%	6.63%	8.89%
Free Cash Flow Margin	-18.34%	14.30%	10.75%	17.20%	4.88%
EBITDA	-45.08	33.04	0.87	7.67	18.16
EBITDA Margin	-12.44%	4.85%	0.27%	3.93%	8.28%
D&A For EBITDA	11.34	8.64	8.54	4.96	2.71
EBIT	-56.42	24.39	-7.67	2.72	15.46
EBIT Margin	-15.56%	3.58%	-2.35%	1.39%	7.04%
Effective Tax Rate	-	14.38%	27.12%	-	11.28%
Revenue as Reported	-	680.71	326.16	195.22	219.5
Advertising Expenses	-	0.51	0.63	3.43	0.01

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