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	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	693.68	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	694.58	749.72	857.55	953.98	1,088	969.84
Revenue Growth	-8.04%	-12.57%	-10.11%	-12.29%	12.15%	29.15%
Cost of Revenue	195.03	216.67	230.72	219.39	247.65	201.16
Gross Profit	499.55	533.05	626.83	734.59	840.02	768.69
Selling, General & Admin	427.93	456.71	513.64	589.02	673.99	606.18
Research & Development	39.67	42.55	40.47	38.13	21.58	20.38
Other Operating Expenses	10.35	12.31	12	10.54	13.17	13.81
Operating Expenses	477.93	510.19	568.72	637.42	709.27	642.1
Operating Income	21.62	22.86	58.11	97.17	130.75	126.58
Interest Expense	-5.23	-17.76	-17.57	-11.8	-10.67	-16.6
Interest & Investment Income	0.26	0.42	0.67	0.92	0.73	1.37
Currency Exchange Gain (Loss)	-	-	-	0	-	-
Other Non Operating Income (Expenses)	-10	0.31	-0.05	1.92	-5.41	-2.93
EBT Excluding Unusual Items	6.66	5.83	41.16	88.21	115.39	108.42
Gain (Loss) on Sale of Investments	-0.04	-0.02	0.02	-0.72	-0.4	-
Gain (Loss) on Sale of Assets	3.62	-0.78	18.9	-	-0.02	-0.1
Asset Writedown	0.13	-0.16	-0.71	-0.07	-0.12	-0.37
Other Unusual Items	0.58	4.9	1.38	5	6.48	8.69
Pretax Income	10.95	9.77	60.76	92.42	121.34	116.65
Income Tax Expense	1.31	0.66	8.43	11.55	9.83	16.04
Earnings From Continuing Operations	9.64	9.11	52.32	80.87	111.52	100.61
Net Income	9.64	9.11	52.32	80.87	111.52	100.61
Net Income to Common	9.64	9.11	52.32	80.87	111.52	100.61
Net Income Growth	28.41%	-82.59%	-35.30%	-27.48%	10.85%	35.76%
Shares Outstanding (Basic)	230	235	220	232	232	227
Shares Outstanding (Diluted)	230	235	220	245	244	245
Shares Change	-0.33%	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	28.84%	-83.70%	-28.18%	-27.78%	11.30%	33.96%

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	78.24	32.14	26.68	-23.92	-53.38	18.61
Free Cash Flow Per Share	0.34	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	-50.00%	-70.00%	42.86%	-30.00%	16.69%	40.03%
Gross Margin	71.92%	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	1.39%	1.21%	6.10%	8.48%	10.25%	10.37%
Free Cash Flow Margin	11.27%	4.29%	3.11%	-2.51%	-4.91%	1.92%
EBITDA	54.94	55.74	90.4	117.51	155.38	148.33
EBITDA Margin	7.91%	7.43%	10.54%	12.32%	14.29%	15.29%
D&A For EBITDA	33.32	32.88	32.29	20.34	24.64	21.74
EBIT	21.62	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	11.97%	6.73%	13.88%	12.49%	8.10%	13.75%
Revenue as Reported	191.09	749.72	857.55	953.98	1,088	969.84
Advertising Expenses	-	13.09	16.57	43.46	43.15	-