SHE:002931 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	503.18	495.76	475.32	431.53	581.46	708.08
Other Revenue	2.35	2.35	3.37	1.8	5.87	11.56
Revenue	505.53	498.11	478.69	433.33	587.33	719.64
Revenue Growth (YoY)	1.62%	4.06%	10.47%	-26.22%	-18.39%	31.30%
Cost of Revenue	399.21	392.02	389.49	361.78	457.81	518.29
Gross Profit	106.33	106.09	89.2	71.55	129.52	201.35
Selling, General & Admin	54.42	53.71	58.24	47.55	56.54	51.56
Research & Development	24.88	25.42	26.4	28.09	38.87	43.77
Other Operating Expenses	4.76	3.78	2.29	1.76	3.28	3.09
Operating Expenses	87.24	85.42	89.08	77.48	95.71	99.94
Operating Income	19.09	20.67	0.11	-5.93	33.81	101.4
Interest Expense	-0.61	-1.28	-3.66	-4.07	-8.08	-5.64
Interest & Investment Income	4.1	4.06	3.16	3.48	5.52	5.78
Currency Exchange Gain (Loss)	1.42	1.42	0.85	2.2	8.15	-2.94
Other Non Operating Income (Expenses)	-4.79	0.03	-0.09	-0.36	1.31	-1.08
EBT Excluding Unusual Items	19.21	24.91	0.38	-4.68	40.72	97.54
Impairment of Goodwill	-0.16	-0.16	-0.32	-0.18	-0.18	-0.17
Gain (Loss) on Sale of Investments	-	-	-	-0.05	1.72	-4.13
Gain (Loss) on Sale of Assets	0.03	0.01	2.52	-0.22	-0.39	0.1
Asset Writedown	-0.02	-	-	-	-0.14	-
Other Unusual Items	2.18	2.28	2.67	2.25	7.92	6.26
Pretax Income	21.23	27.04	5.26	-2.88	49.66	99.59
Income Tax Expense	3.31	4.36	0.67	4.16	1.06	10.17
Earnings From Continuing Operations	17.93	22.69	4.59	-7.04	48.59	89.42
Minority Interest in Earnings	-	-	-	-	-	-10.2
Net Income	17.93	22.69	4.59	-7.04	48.59	79.22
Net Income to Common	17.93	22.69	4.59	-7.04	48.59	79.22
Net Income Growth	8.54%	393.99%	-	-	-38.66%	2.68%
Shares Outstanding (Basic)	218	227	230	176	202	198
Shares Outstanding (Diluted)	218	227	230	176	211	214
Shares Change (YoY)	-6.08%	-1.20%	30.48%	-16.69%	-1.32%	8.23%
EPS (Basic)	0.08	0.10	0.02	-0.04	0.24	0.40
EPS (Diluted)	0.08	0.10	0.02	-0.04	0.23	0.37
EPS Growth	15.56%	400.00%	-	-	-37.84%	-5.13%
Free Cash Flow	25.5	29.24	-3.7	9.12	44.27	-95.96
Free Cash Flow Per Share	0.12	0.13	-0.02	0.05	0.21	-0.45
Dividend Per Share	0.050	0.050	0.150	-	-	0.100
Dividend Growth	-66.67%	-66.67%	-	-	-	-6.63%
Gross Margin	21.03%	21.30%	18.63%	16.51%	22.05%	27.98%
Operating Margin	3.78%	4.15%	0.02%	-1.37%	5.76%	14.09%
Profit Margin	3.55%	4.55%	0.96%	-1.63%	8.27%	11.01%
Free Cash Flow Margin	5.04%	5.87%	-0.77%	2.10%	7.54%	-13.33%
EBITDA	-	57.07	37.33	24.38	63.83	129.27
EBITDA Margin	-	11.46%	7.80%	5.63%	10.87%	17.96%
D&A For EBITDA	-	36.4	37.22	30.31	30.02	27.86
EBIT	19.09	20.67	0.11	-5.93	33.81	101.4
EBIT Margin	3.78%	4.15%	0.02%	-1.37%	5.76%	14.09%
Effective Tax Rate	15.57%	16.11%	12.65%	-	2.14%	10.21%
Revenue as Reported	505.53	498.11	478.69	433.33	587.33	719.64
Advertising Expenses	-	0.12	0.33	0.19	0.06	0.09

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