SHE:002873 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	749.72	856.87	953.26	1,087	968.7
Other Revenue	-	0.67	0.73	0.88	1.15
Revenue	749.72	857.55	953.98	1,088	969.84
Revenue Growth (YoY)	-12.57%	-10.11%	-12.29%	12.15%	29.15%
Cost of Revenue	213.07	230.72	219.39	247.65	201.16
Gross Profit	536.65	626.83	734.59	840.02	768.69
Selling, General & Admin	456.71	513.64	589.02	673.99	606.18
Research & Development	42.55	40.47	38.13	21.58	20.38
Other Operating Expenses	7.27	12	10.54	13.17	13.81
Operating Expenses	506.53	568.72	637.42	709.27	642.1
Operating Income	30.12	58.11	97.17	130.75	126.58
Interest Expense	-	-17.57	-11.8	-10.67	-16.6
Interest & Investment Income	0.01	0.67	0.92	0.73	1.37
Currency Exchange Gain (Loss)	-	-	0	-	-
Other Non Operating Income (Expenses)	-15.95	-0.05	1.92	-5.41	-2.93
EBT Excluding Unusual Items	14.17	41.16	88.21	115.39	108.42
Gain (Loss) on Sale of Investments	-0.02	0.02	-0.72	-0.4	-
Gain (Loss) on Sale of Assets	-0.78	18.9	-	-0.02	-0.1
Asset Writedown	-3.6	-0.71	-0.07	-0.12	-0.37
Other Unusual Items	-	1.38	5	6.48	8.69
Pretax Income	9.77	60.76	92.42	121.34	116.65
Income Tax Expense	0.66	8.43	11.55	9.83	16.04
Earnings From Continuing Operations	9.11	52.32	80.87	111.52	100.61
Net Income	9.11	52.32	80.87	111.52	100.61
Net Income to Common	9.11	52.32	80.87	111.52	100.61
Net Income Growth	-82.59%	-35.30%	-27.48%	10.85%	35.76%
Shares Outstanding (Basic)	235	220	232	232	227
Shares Outstanding (Diluted)	235	220	245	244	245
Shares Change (YoY)	6.87%	-9.91%	0.41%	-0.41%	1.34%
EPS (Basic)	0.04	0.24	0.35	0.48	0.44
EPS (Diluted)	0.04	0.24	0.33	0.46	0.41
EPS Growth	-83.70%	-28.18%	-27.78%	11.30%	33.96%
Free Cash Flow	32.14	26.68	-23.92	-53.38	18.61
Free Cash Flow Per Share	0.14	0.12	-0.10	-0.22	0.08
Dividend Per Share	-	0.100	0.070	0.100	0.086
Dividend Growth	-	42.86%	-30.00%	16.69%	40.03%
Gross Margin	71.58%	73.10%	77.00%	77.23%	79.26%
Operating Margin	4.02%	6.78%	10.19%	12.02%	13.05%
Profit Margin	1.21%	6.10%	8.48%	10.25%	10.37%
Free Cash Flow Margin	4.29%	3.11%	-2.51%	-4.91%	1.92%
EBITDA	64.75	89.14	117.51	155.38	148.33
EBITDA Margin	8.64%	10.39%	12.32%	14.29%	15.29%
D&A For EBITDA	34.63	31.04	20.34	24.64	21.74
EBIT	30.12	58.11	97.17	130.75	126.58
EBIT Margin	4.02%	6.78%	10.19%	12.02%	13.05%
Effective Tax Rate	6.73%	13.88%	12.49%	8.10%	13.75%
Revenue as Reported	-	857.55	953.98	1,088	969.84
Advertising Expenses	-	16.57	43.46	43.15	-

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