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	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	987.91	1,139	971.45	978.2	971.04	883.76
Other Revenue	1.52	1.88	2.41	2.63	3.26	3.73
Revenue	989.42	1,141	973.86	980.83	974.29	887.48
Revenue Growth	-9.44%	17.15%	-0.71%	0.67%	9.78%	32.40%
Cost of Revenue	447.25	549.24	381.74	413.74	408.25	370.36
Gross Profit	542.17	591.62	592.12	567.09	566.04	517.12
Selling, General & Admin	382.46	416.56	436.86	418.79	416.11	386.15
Research & Development	43.04	53.11	37.54	20.26	18.23	14.03
Other Operating Expenses	18.58	11.16	9.35	10.61	10.23	9.29
Operating Expenses	461.5	504.81	485.59	453.98	452.94	414.07
Operating Income	80.67	86.81	106.53	113.11	113.1	103.05
Interest Expense	-1.77	-2.18	-1.56	-6.11	-13.92	-3.49
Interest & Investment Income	4.12	14.55	25.58	22.06	17.18	11.78
Other Non Operating Income (Expenses)	-0.92	-0.58	-0.22	0.31	2.55	-5.27
EBT Excluding Unusual Items	82.1	98.6	130.32	129.37	118.91	106.06
Gain (Loss) on Sale of Investments	-0.13	-0.13	-	-1.56	-0.11	-
Gain (Loss) on Sale of Assets	-0.12	0.13	-0.01	0.17	-	-
Asset Writedown	-0.01	-0.01	-0.18	-0.81	-0.08	-0
Other Unusual Items	15.25	10.37	6.82	2.08	0.46	2.97
Pretax Income	97.09	108.95	136.95	129.25	119.18	109.03
Income Tax Expense	18.74	12.93	17.03	17.7	16.03	14.47
Earnings From Continuing Operations	78.35	96.02	119.92	111.55	103.15	94.56
Minority Interest in Earnings	0.17	0.26	0.35	-1.11	-1.98	-1.39
Net Income	78.52	96.28	120.27	110.43	101.16	93.17
Net Income to Common	78.52	96.28	120.27	110.43	101.16	93.17
Net Income Growth	-34.98%	-19.95%	8.91%	9.16%	8.58%	17.77%
Shares Outstanding (Basic)	136	136	136	125	111	111
Shares Outstanding (Diluted)	136	136	136	127	112	111
Shares Change	-0.16%	0.06%	7.01%	13.03%	1.16%	-0.60%
EPS (Basic)	0.58	0.71	0.88	0.88	0.91	0.84
EPS (Diluted)	0.58	0.71	0.88	0.87	0.90	0.84
EPS Growth	-34.87%	-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	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	147.85	20.6	74.54	41.53	69.53	35.36
Free Cash Flow Per Share	1.09	0.15	0.55	0.33	0.62	0.32
Dividend Per Share	0.292	0.269	0.192	0.169	0.154	0.139
Dividend Growth	8.58%	39.99%	13.65%	10.01%	11.05%	20.02%
Gross Margin	54.80%	51.86%	60.80%	57.82%	58.10%	58.27%
Operating Margin	8.15%	7.61%	10.94%	11.53%	11.61%	11.61%
Profit Margin	7.94%	8.44%	12.35%	11.26%	10.38%	10.50%
Free Cash Flow Margin	14.94%	1.81%	7.65%	4.23%	7.14%	3.98%
EBITDA	119.29	123.15	139.04	142.92	130.16	117.8
EBITDA Margin	12.06%	10.79%	14.28%	14.57%	13.36%	13.27%
D&A For EBITDA	38.62	36.34	32.51	29.81	17.07	14.74
EBIT	80.67	86.81	106.53	113.11	113.1	103.05
EBIT Margin	8.15%	7.61%	10.94%	11.53%	11.61%	11.61%
Effective Tax Rate	19.30%	11.87%	12.43%	13.70%	13.45%	13.27%
Revenue as Reported	989.42	1,141	973.86	980.83	974.29	887.48
Advertising Expenses	-	1.3	5.04	1.09	1.76	3.68