SHE:002884 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	Dec '21 Dec 31, 2021
Operating Revenue	1,722	1,569	1,305	1,468	2,039
Other Revenue	-	22.89	10.64	15.62	24.22
Revenue	1,722	1,592	1,316	1,483	2,063
Revenue Growth (YoY)	8.17%	21.02%	-11.32%	-28.09%	43.71%
Cost of Revenue	1,108	1,017	822.54	960.29	1,423
Gross Profit	614.22	574.92	493.03	523.17	639.96
Selling, General & Admin	59.4	45.3	38.5	35.86	44.27
Research & Development	54.14	51.06	45.92	50.17	64.24
Other Operating Expenses	5.34	12.05	11.67	12.6	10.89
Operating Expenses	118.89	109.85	98.58	93.37	124.05
Operating Income	495.33	465.06	394.46	429.8	515.91
Interest & Investment Income	2.11	28.78	35.97	28.4	32.44
Currency Exchange Gain (Loss)	-	10.24	4.47	14.52	-4.47
Other Non Operating Income (Expenses)	18.45	-2.84	-1.47	-0.33	-0.51
EBT Excluding Unusual Items	515.89	501.23	433.43	472.4	543.36
Gain (Loss) on Sale of Investments	14.62	9.48	6.25	11.86	9.23
Asset Writedown	-0.86	0.02	-0.02	-0.78	-0.03
Other Unusual Items	-	4.61	3.98	3.59	2.78
Pretax Income	529.65	515.35	443.65	487.07	555.33
Income Tax Expense	74.74	72.94	59.95	65.13	72.02
Net Income	454.91	442.41	383.7	421.94	483.31
Net Income to Common	454.91	442.41	383.7	421.94	483.31
Net Income Growth	2.83%	15.30%	-9.06%	-12.70%	34.81%
Shares Outstanding (Basic)	358	357	359	358	355
Shares Outstanding (Diluted)	358	357	359	358	355
Shares Change (YoY)	0.40%	-0.51%	0.29%	0.62%	3.09%
EPS (Basic)	1.27	1.24	1.07	1.18	1.36
EPS (Diluted)	1.27	1.24	1.07	1.18	1.36
EPS Growth	2.42%	15.89%	-9.32%	-13.23%	30.77%
Free Cash Flow	436.01	419.37	387.27	565.4	143.69
Free Cash Flow Per Share	1.22	1.18	1.08	1.58	0.40
Dividend Per Share	-	1.000	1.000	1.000	1.000
Dividend Growth	-	-	-	-	7.69%
Gross Margin	35.66%	36.11%	37.48%	35.27%	31.02%
Operating Margin	28.76%	29.21%	29.98%	28.97%	25.01%
Profit Margin	26.41%	27.79%	29.17%	28.44%	23.43%
Free Cash Flow Margin	25.32%	26.34%	29.44%	38.11%	6.97%
EBITDA	528.03	496.73	426.28	456.33	538.66
EBITDA Margin	30.66%	31.20%	32.40%	30.76%	26.11%
D&A For EBITDA	32.7	31.67	31.82	26.54	22.75
EBIT	495.33	465.06	394.46	429.8	515.91
EBIT Margin	28.76%	29.21%	29.98%	28.97%	25.01%
Effective Tax Rate	14.11%	14.15%	13.51%	13.37%	12.97%
Revenue as Reported	-	1,592	1,316	1,483	2,063
Advertising Expenses	-	0.06	0.22	0.41	5.45

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