SHE:002912 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	735.3	636.48	629.89	413.32	669.32
Other Revenue	15.55	21.97	23.33	22.46	24.56
Revenue	750.85	658.45	653.22	435.78	693.88
Revenue Growth (YoY)	14.03%	0.80%	49.90%	-37.20%	-27.27%
Cost of Revenue	223.61	176.65	153.02	154.95	221.04
Gross Profit	527.24	481.8	500.2	280.83	472.83
Selling, General & Admin	266.84	258.52	264.69	251.28	249.75
Research & Development	237.85	217.75	218.12	246.67	207.64
Other Operating Expenses	-16.39	-6.23	-26.82	-5.27	-19.82
Operating Expenses	501.88	481.2	448.4	523.58	478.92
Operating Income	25.36	0.6	51.8	-242.76	-6.09
Interest Expense	-0.18	-0.45	-0.36	-0.3	-0.22
Interest & Investment Income	36.28	48.58	25.7	25.03	28.82
Currency Exchange Gain (Loss)	-11.43	8.14	7.77	35.69	-7.37
Other Non Operating Income (Expenses)	-1.5	0.21	-0.04	0.01	-0.6
EBT Excluding Unusual Items	48.53	57.09	84.87	-182.33	14.55
Gain (Loss) on Sale of Investments	-	-	-	-0.98	-
Gain (Loss) on Sale of Assets	-	-	-	-0.05	0.03
Asset Writedown	0.06	0.01	0.24	-	-0
Other Unusual Items	20.83	2.82	29.14	14.94	9.88
Pretax Income	69.41	59.92	114.24	-168.42	24.46
Income Tax Expense	0	-	-	-46.36	-31.81
Net Income	69.41	59.92	114.24	-122.06	56.27
Net Income to Common	69.41	59.92	114.24	-122.06	56.27
Net Income Growth	15.83%	-47.55%	-	-	-77.29%
Shares Outstanding (Basic)	169	171	171	172	171
Shares Outstanding (Diluted)	169	171	171	172	171
Shares Change (YoY)	-1.12%	0.41%	-0.82%	0.83%	-1.59%
EPS (Basic)	0.41	0.35	0.67	-0.71	0.33
EPS (Diluted)	0.41	0.35	0.67	-0.71	0.33
EPS Growth	17.14%	-47.76%	-	-	-76.92%
Free Cash Flow	82.25	103.83	71.26	-135.75	-231.79
Free Cash Flow Per Share	0.49	0.61	0.42	-0.79	-1.36
Dividend Per Share	0.400	0.200	0.300	-	-
Dividend Growth	100.00%	-33.33%	-	-	-
Gross Margin	70.22%	73.17%	76.57%	64.44%	68.14%
Operating Margin	3.38%	0.09%	7.93%	-55.71%	-0.88%
Profit Margin	9.24%	9.10%	17.49%	-28.01%	8.11%
Free Cash Flow Margin	10.95%	15.77%	10.91%	-31.15%	-33.41%
EBITDA	53.51	32.21	83.88	-209.15	26.93
EBITDA Margin	7.13%	4.89%	12.84%	-48.00%	3.88%
D&A For EBITDA	28.15	31.6	32.08	33.6	33.02
EBIT	25.36	0.6	51.8	-242.76	-6.09
EBIT Margin	3.38%	0.09%	7.93%	-55.71%	-0.88%
Effective Tax Rate	0.00%	-	-	-	-
Revenue as Reported	750.85	658.45	653.22	435.78	693.88
Advertising Expenses	4.28	5.43	5.49	4.64	6.11

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.