SHE:002864 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	915.51	1,139	971.45	978.2	971.04	883.76
Other Revenue	1.88	1.88	2.41	2.63	3.26	3.73
Revenue	917.38	1,141	973.86	980.83	974.29	887.48
Revenue Growth	-16.48%	17.15%	-0.71%	0.67%	9.78%	32.40%
Cost of Revenue	412.57	549.24	381.74	413.74	408.25	370.36
Gross Profit	504.82	591.62	592.12	567.09	566.04	517.12
Selling, General & Admin	361.23	416.56	436.86	418.79	416.11	386.15
Research & Development	41.33	53.11	37.54	20.26	18.23	14.03
Other Operating Expenses	8.7	11.16	9.35	10.61	10.23	9.29
Operating Expenses	427.89	504.81	485.59	453.98	452.94	414.07
Operating Income	76.92	86.81	106.53	113.11	113.1	103.05
Interest Expense	-0.58	-2.18	-1.56	-6.11	-13.92	-3.49
Interest & Investment Income	0.21	14.55	25.58	22.06	17.18	11.78
Other Non Operating Income (Expenses)	-0.25	-0.58	-0.22	0.31	2.55	-5.27
EBT Excluding Unusual Items	76.12	98.6	130.32	129.37	118.91	106.06
Gain (Loss) on Sale of Investments	0.04	-0.13	-	-1.56	-0.11	-
Gain (Loss) on Sale of Assets	-0.26	0.13	-0.01	0.17	-	-
Asset Writedown	-0.07	-0.01	-0.18	-0.81	-0.08	-0
Other Unusual Items	8.21	10.37	6.82	2.08	0.46	2.97
Pretax Income	84.04	108.95	136.95	129.25	119.18	109.03
Income Tax Expense	21.18	12.93	17.03	17.7	16.03	14.47
Earnings From Continuing Operations	62.86	96.02	119.92	111.55	103.15	94.56
Minority Interest in Earnings	0.16	0.26	0.35	-1.11	-1.98	-1.39
Net Income	63.02	96.28	120.27	110.43	101.16	93.17
Net Income to Common	63.02	96.28	120.27	110.43	101.16	93.17
Net Income Growth	-47.70%	-19.95%	8.91%	9.16%	8.58%	17.77%
Shares Outstanding (Basic)	137	136	136	125	111	111
Shares Outstanding (Diluted)	137	136	136	127	112	111
Shares Change	0.51%	0.06%	7.01%	13.03%	1.16%	-0.60%
EPS (Basic)	0.46	0.71	0.88	0.88	0.91	0.84
EPS (Diluted)	0.46	0.71	0.88	0.87	0.90	0.84
EPS Growth	-47.97%	-20.00%	1.77%	-3.42%	7.33%	18.48%

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	188.5	20.6	74.54	41.53	69.53	35.36
Free Cash Flow Per Share	1.38	0.15	0.55	0.33	0.62	0.32
Dividend Per Share	0.192	0.269	0.192	0.169	0.154	0.139
Dividend Growth	-28.57%	39.99%	13.65%	10.01%	11.05%	20.02%
Gross Margin	55.03%	51.86%	60.80%	57.82%	58.10%	58.27%
Operating Margin	8.38%	7.61%	10.94%	11.53%	11.61%	11.61%
Profit Margin	6.87%	8.44%	12.35%	11.26%	10.38%	10.50%
Free Cash Flow Margin	20.55%	1.81%	7.65%	4.23%	7.14%	3.98%
EBITDA	116.14	123.15	139.04	142.92	130.16	117.8
EBITDA Margin	12.66%	10.79%	14.28%	14.57%	13.36%	13.27%
D&A For EBITDA	39.21	36.34	32.51	29.81	17.07	14.74
EBIT	76.92	86.81	106.53	113.11	113.1	103.05
EBIT Margin	8.38%	7.61%	10.94%	11.53%	11.61%	11.61%
Effective Tax Rate	25.20%	11.87%	12.43%	13.70%	13.45%	13.27%
Revenue as Reported	299.42	1,141	973.86	980.83	974.29	887.48
Advertising Expenses	-	1.3	5.04	1.09	1.76	3.68