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	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	512.01	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	514.36	498.11	478.69	433.33	587.33	719.64
Revenue Growth	2.69%	4.06%	10.47%	-26.22%	-18.39%	31.30%
Cost of Revenue	415.73	392.02	389.49	361.78	457.81	518.29
Gross Profit	98.64	106.09	89.2	71.55	129.52	201.35
Selling, General & Admin	52.63	53.71	58.24	47.55	56.54	51.56
Research & Development	25.27	25.42	26.4	28.09	38.87	43.77
Other Operating Expenses	6.16	3.78	2.29	1.76	3.28	3.09
Operating Expenses	86.57	85.42	89.08	77.48	95.71	99.94
Operating Income	12.06	20.67	0.11	-5.93	33.81	101.4
Interest Expense	-1.28	-1.28	-3.66	-4.07	-8.08	-5.64
Interest & Investment Income	4.34	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)	-10.4	0.03	-0.09	-0.36	1.31	-1.08
EBT Excluding Unusual Items	6.15	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	0.01	0.01	2.52	-0.22	-0.39	0.1
Asset Writedown	-1.25	-	-	-	-0.14	-
Other Unusual Items	2.28	2.28	2.67	2.25	7.92	6.26
Pretax Income	7.02	27.04	5.26	-2.88	49.66	99.59
Income Tax Expense	1.66	4.36	0.67	4.16	1.06	10.17
Earnings From Continuing Operations	5.36	22.69	4.59	-7.04	48.59	89.42
Minority Interest in Earnings	-	-	-	-	-	-10.2
Net Income	5.36	22.69	4.59	-7.04	48.59	79.22
Net Income to Common	5.36	22.69	4.59	-7.04	48.59	79.22
Net Income Growth	-72.15%	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	-7.41%	-1.20%	30.48%	-16.69%	-1.32%	8.23%
EPS (Basic)	0.02	0.10	0.02	-0.04	0.24	0.40
EPS (Diluted)	0.02	0.10	0.02	-0.04	0.23	0.37
EPS Growth	-69.92%	400.00%	-	-	-37.84%	-5.13%

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	17.11	29.24	-3.7	9.12	44.27	-95.96
Free Cash Flow Per Share	0.08	0.13	-0.02	0.05	0.21	-0.45
Dividend Per Share	0.050	0.050	0.150	-	-	0.100
Dividend Growth	0%	-66.67%	-	-	-	-6.63%
Gross Margin	19.18%	21.30%	18.63%	16.51%	22.05%	27.98%
Operating Margin	2.34%	4.15%	0.02%	-1.37%	5.76%	14.09%
Profit Margin	1.04%	4.55%	0.96%	-1.63%	8.27%	11.01%
Free Cash Flow Margin	3.33%	5.87%	-0.77%	2.10%	7.54%	-13.33%
EBITDA	52.74	57.07	37.33	24.38	63.83	129.27
EBITDA Margin	10.25%	11.46%	7.80%	5.63%	10.87%	17.96%
D&A For EBITDA	40.67	36.4	37.22	30.31	30.02	27.86
EBIT	12.06	20.67	0.11	-5.93	33.81	101.4
EBIT Margin	2.34%	4.15%	0.02%	-1.37%	5.76%	14.09%
Effective Tax Rate	23.69%	16.11%	12.65%	-	2.14%	10.21%
Revenue as Reported	498.11	498.11	478.69	433.33	587.33	719.64
Advertising Expenses	-	0.12	0.33	0.19	0.06	0.09