SHE:002873 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	Mar '26 Mar 31, 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	734.28	748.82	856.87	953.26	1,087	968.7
Other Revenue	0.9	0.9	0.67	0.73	0.88	1.15
Revenue	735.18	749.72	857.55	953.98	1,088	969.84
Revenue Growth (YoY)	-15.82%	-12.57%	-10.11%	-12.29%	12.15%	29.15%
Cost of Revenue	210.66	216.67	230.72	219.39	247.65	201.16
Gross Profit	524.52	533.05	626.83	734.59	840.02	768.69
Selling, General & Admin	446.58	456.71	513.64	589.02	673.99	606.18
Research & Development	42.71	42.55	40.47	38.13	21.58	20.38
Other Operating Expenses	13.73	12.31	12	10.54	13.17	13.81
Operating Expenses	501.63	510.19	568.72	637.42	709.27	642.1
Operating Income	22.89	22.86	58.11	97.17	130.75	126.58
Interest Expense	-17.76	-17.76	-17.57	-11.8	-10.67	-16.6
Interest & Investment Income	0.42	0.42	0.67	0.92	0.73	1.37
Currency Exchange Gain (Loss)	-	-	-	0	-	-
Other Non Operating Income (Expenses)	2.16	0.31	-0.05	1.92	-5.41	-2.93
EBT Excluding Unusual Items	7.71	5.83	41.16	88.21	115.39	108.42
Gain (Loss) on Sale of Investments	-0.02	-0.02	0.02	-0.72	-0.4	-
Gain (Loss) on Sale of Assets	-0.85	-0.78	18.9	-	-0.02	-0.1
Asset Writedown	-1.2	-0.16	-0.71	-0.07	-0.12	-0.37
Other Unusual Items	4.9	4.9	1.38	5	6.48	8.69
Pretax Income	10.54	9.77	60.76	92.42	121.34	116.65
Income Tax Expense	2.12	0.66	8.43	11.55	9.83	16.04
Earnings From Continuing Operations	8.42	9.11	52.32	80.87	111.52	100.61
Net Income	8.42	9.11	52.32	80.87	111.52	100.61
Net Income to Common	8.42	9.11	52.32	80.87	111.52	100.61
Net Income Growth	-79.43%	-82.59%	-35.30%	-27.48%	10.85%	35.76%
Shares Outstanding (Basic)	236	235	220	232	232	227
Shares Outstanding (Diluted)	236	235	220	245	244	245
Shares Change (YoY)	5.53%	6.87%	-9.91%	0.41%	-0.41%	1.34%
EPS (Basic)	0.04	0.04	0.24	0.35	0.48	0.44
EPS (Diluted)	0.04	0.04	0.24	0.33	0.46	0.41
EPS Growth	-80.51%	-83.70%	-28.18%	-27.78%	11.30%	33.96%
Free Cash Flow	51.29	32.14	26.68	-23.92	-53.38	18.61
Free Cash Flow Per Share	0.22	0.14	0.12	-0.10	-0.22	0.08
Dividend Per Share	0.030	0.030	0.100	0.070	0.100	0.086
Dividend Growth	-70.00%	-70.00%	42.86%	-30.00%	16.69%	40.03%
Gross Margin	71.35%	71.10%	73.10%	77.00%	77.23%	79.26%
Operating Margin	3.11%	3.05%	6.78%	10.19%	12.02%	13.05%
Profit Margin	1.15%	1.21%	6.10%	8.48%	10.25%	10.37%
Free Cash Flow Margin	6.98%	4.29%	3.11%	-2.51%	-4.91%	1.92%
EBITDA	55.92	55.74	90.4	117.51	155.38	148.33
EBITDA Margin	7.61%	7.43%	10.54%	12.32%	14.29%	15.29%
D&A For EBITDA	33.03	32.88	32.29	20.34	24.64	21.74
EBIT	22.89	22.86	58.11	97.17	130.75	126.58
EBIT Margin	3.11%	3.05%	6.78%	10.19%	12.02%	13.05%
Effective Tax Rate	20.15%	6.73%	13.88%	12.49%	8.10%	13.75%
Revenue as Reported	749.72	749.72	857.55	953.98	1,088	969.84
Advertising Expenses	-	13.09	16.57	43.46	43.15	-

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