SHE:002935 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	980.25	964.37	1,109	1,211	1,043
Revenue	980.25	964.37	1,109	1,211	1,043
Revenue Growth (YoY)	1.65%	-13.04%	-8.42%	16.10%	13.81%
Cost of Revenue	-	738.38	816.22	870.87	741.01
Gross Profit	980.25	225.99	292.72	340.03	301.94
Selling, General & Admin	-	94.97	116.83	125.35	104.44
Research & Development	-	56.35	70.7	90.95	85.17
Other Operating Expenses	909.7	-1.69	6.44	7.37	1.65
Operating Expenses	909.7	164.69	211.62	228.24	186.04
Operating Income	70.55	61.29	81.11	111.78	115.9
Interest Expense	-	-0.15	-0.2	-0.34	-0.81
Interest & Investment Income	-	3.92	8.29	4.76	7.88
Other Non Operating Income (Expenses)	-1.33	-0.44	-0.1	-0.13	-0.66
EBT Excluding Unusual Items	69.23	64.63	89.1	116.08	122.31
Gain (Loss) on Sale of Assets	-	0	0.07	0.23	0
Other Unusual Items	-	3.68	3.5	0.6	3.07
Pretax Income	69.23	68.3	92.67	116.91	125.38
Income Tax Expense	4.41	4.1	5.49	4.41	6.98
Net Income	64.81	64.2	87.19	112.5	118.4
Net Income to Common	64.81	64.2	87.19	112.5	118.4
Net Income Growth	0.96%	-26.37%	-22.50%	-4.98%	16.71%
Shares Outstanding (Basic)	423	425	425	422	422
Shares Outstanding (Diluted)	423	425	425	422	422
Shares Change (YoY)	-0.36%	-0.05%	0.62%	0.16%	-0.01%
EPS (Basic)	0.15	0.15	0.21	0.27	0.28
EPS (Diluted)	0.15	0.15	0.21	0.27	0.28
EPS Growth	1.32%	-26.33%	-22.98%	-5.13%	16.71%
Free Cash Flow	-	76.18	-291.06	194.4	23.44
Free Cash Flow Per Share	-	0.18	-0.69	0.46	0.06
Dividend Per Share	-	0.050	0.067	0.096	0.074
Dividend Growth	-	-25.04%	-30.66%	30.00%	-39.98%
Gross Margin	100.00%	23.43%	26.40%	28.08%	28.95%
Operating Margin	7.20%	6.36%	7.31%	9.23%	11.11%
Profit Margin	6.61%	6.66%	7.86%	9.29%	11.35%
Free Cash Flow Margin	-	7.90%	-26.25%	16.05%	2.25%
EBITDA	92.24	82.98	102.32	128.08	125.72
EBITDA Margin	9.41%	8.60%	9.23%	10.58%	12.05%
D&A For EBITDA	21.69	21.69	21.21	16.29	9.83
EBIT	70.55	61.29	81.11	111.78	115.9
EBIT Margin	7.20%	6.36%	7.31%	9.23%	11.11%
Effective Tax Rate	6.38%	6.01%	5.92%	3.77%	5.57%
Revenue as Reported	-	964.37	1,109	1,211	1,043
Advertising Expenses	-	11.59	12.29	11.65	4.82

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