SHE:002907 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	786.5	815.21	764.14	680.84	774.72	837.23
Other Revenue	12.28	11.93	10.68	10.7	10.47	8.91
Revenue	798.78	827.14	774.82	691.54	785.18	846.14
Revenue Growth	-0.01%	6.75%	12.04%	-11.93%	-7.20%	-4.12%
Cost of Revenue	340.46	353.96	332.91	312.45	320.55	400.53
Gross Profit	458.32	473.18	441.91	379.1	464.63	445.61
Selling, General & Admin	296.69	317.2	308.36	263.88	292.53	297.82
Research & Development	85.94	89.76	59.13	78.12	58.82	41.72
Other Operating Expenses	17.2	13.22	12.11	11.01	12.34	11.58
Operating Expenses	402.18	420.38	381.01	351.31	367.04	350.65
Operating Income	56.14	52.8	60.9	27.78	97.59	94.95
Interest Expense	-1.84	-0.14	-	-0.95	-14.42	-18.22
Interest & Investment Income	-	14.79	10.32	9.81	11.5	16.4
Currency Exchange Gain (Loss)	0.02	0.02	0	-0	-	-
Other Non Operating Income (Expenses)	13.11	-0.3	0.27	-0.17	-0.03	-0.03
EBT Excluding Unusual Items	67.43	67.17	71.49	36.48	94.64	93.11
Gain (Loss) on Sale of Investments	1.93	1.42	1.38	-4.67	-2.61	-1.33
Gain (Loss) on Sale of Assets	10.25	10.25	-	0.06	-	-0.01
Asset Writedown	-0.44	-0.44	-0.03	-2.37	-0.17	-
Other Unusual Items	3.97	-0.94	20.6	13.3	16.37	11.65
Pretax Income	83.13	77.46	93.44	42.8	108.24	103.42
Income Tax Expense	24.25	22.25	16.71	10.1	9.84	11.64
Earnings From Continuing Operations	58.88	55.21	76.73	32.7	98.4	91.78
Minority Interest in Earnings	15.24	9.88	-	-	-	-
Net Income	74.12	65.09	76.73	32.7	98.4	91.78
Net Income to Common	74.12	65.09	76.73	32.7	98.4	91.78
Net Income Growth	-11.20%	-15.17%	134.66%	-66.77%	7.21%	-22.99%
Shares Outstanding (Basic)	418	417	418	418	403	401
Shares Outstanding (Diluted)	418	417	418	418	403	401
Shares Change	-0.05%	-0.05%	0.02%	3.60%	0.49%	0.06%
EPS (Basic)	0.18	0.16	0.18	0.08	0.24	0.23
EPS (Diluted)	0.18	0.16	0.18	0.08	0.24	0.23
EPS Growth	-11.15%	-15.13%	134.61%	-67.92%	6.69%	-23.04%

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	60.55	47.68	145.62	126.52	-47.57	26.21
Free Cash Flow Per Share	0.14	0.11	0.35	0.30	-0.12	0.07
Dividend Per Share	0.075	0.075	0.085	0.050	0.070	0.050
Dividend Growth	-11.77%	-11.77%	70.00%	-28.57%	40.00%	78.57%
Gross Margin	57.38%	57.21%	57.03%	54.82%	59.17%	52.66%
Operating Margin	7.03%	6.38%	7.86%	4.02%	12.43%	11.22%
Profit Margin	9.28%	7.87%	9.90%	4.73%	12.53%	10.85%
Free Cash Flow Margin	7.58%	5.76%	18.79%	18.30%	-6.06%	3.10%
EBITDA	145.81	138.5	147.74	109.68	172.13	164.7
EBITDA Margin	18.25%	16.74%	19.07%	15.86%	21.92%	19.46%
D&A For EBITDA	89.67	85.7	86.84	81.9	74.54	69.74
EBIT	56.14	52.8	60.9	27.78	97.59	94.95
EBIT Margin	7.03%	6.38%	7.86%	4.02%	12.43%	11.22%
Effective Tax Rate	29.17%	28.72%	17.89%	23.59%	9.09%	11.25%
Revenue as Reported	798.78	827.14	774.82	691.54	785.18	846.14