SHE:002940 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	1,306	1,403	1,513	1,621	1,560	1,375
Other Revenue	21.55	21.55	24.78	-	8.09	5.48
Revenue	1,327	1,425	1,538	1,621	1,568	1,380
Revenue Growth	-6.17%	-7.35%	-5.10%	3.32%	13.62%	7.03%
Cost of Revenue	806.46	867.21	925.32	913.72	674.86	488.02
Gross Profit	521.02	557.6	612.57	706.85	893.58	892.36
Selling, General & Admin	245.1	251.37	274.01	396.04	631.65	671.11
Research & Development	124.98	144.05	214.34	143.37	112.62	52.55
Other Operating Expenses	13.17	11.53	6.13	5.33	8.56	14.8
Operating Expenses	381.7	405.41	494.2	543.21	751.81	741.11
Operating Income	139.33	152.19	118.37	163.64	141.77	151.25
Interest Expense	-13	-13	-16.6	-14.17	-6.39	-0.37
Interest & Investment Income	13.67	13.67	18.96	21.95	17.52	25.78
Currency Exchange Gain (Loss)	0.31	0.31	7.21	2.44	1.27	-0.58
Other Non Operating Income (Expenses)	-7.96	-0.61	-0.43	-0.72	-1.69	-0.36
EBT Excluding Unusual Items	132.34	152.56	127.51	173.13	152.48	175.72
Gain (Loss) on Sale of Investments	-20.88	-17.68	-5.69	-1.7	-2.96	-9.05
Gain (Loss) on Sale of Assets	0.03	-0.03	-0.01	-0.04	-0.39	-0.59
Asset Writedown	0.45	-1.34	-2.93	-1.96	-2.18	-
Other Unusual Items	46.77	46.77	39.49	37.77	-	6.56
Pretax Income	158.7	180.28	158.37	207.2	146.94	172.65
Income Tax Expense	18.19	23.54	6.48	24.13	14.96	31.32
Earnings From Continuing Operations	140.51	156.73	151.89	183.06	131.99	141.32
Minority Interest in Earnings	-26.06	-31.29	-71.56	-44.69	-4.69	-21.48
Net Income	114.44	125.44	80.33	138.37	127.3	119.84
Net Income to Common	114.44	125.44	80.33	138.37	127.3	119.84
Net Income Growth	46.42%	56.15%	-41.94%	8.70%	6.22%	-26.80%
Shares Outstanding (Basic)	204	202	201	201	199	200
Shares Outstanding (Diluted)	204	202	201	201	199	200
Shares Change	1.78%	0.74%	0.15%	0.82%	-0.42%	5.03%
EPS (Basic)	0.56	0.62	0.40	0.69	0.64	0.60
EPS (Diluted)	0.56	0.62	0.40	0.69	0.64	0.60
EPS Growth	43.85%	55.00%	-42.03%	7.81%	6.67%	-30.30%

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	236.82	194.19	159.14	151.96	115.92	110.33
Free Cash Flow Per Share	1.16	0.96	0.79	0.76	0.58	0.55
Dividend Per Share	0.250	0.250	0.125	0.210	0.207	0.143
Dividend Growth	100.00%	100.00%	-40.48%	1.50%	44.99%	-39.99%
Gross Margin	39.25%	39.13%	39.83%	43.62%	56.97%	64.65%
Operating Margin	10.50%	10.68%	7.70%	10.10%	9.04%	10.96%
Profit Margin	8.62%	8.80%	5.22%	8.54%	8.12%	8.68%
Free Cash Flow Margin	17.84%	13.63%	10.35%	9.38%	7.39%	7.99%
EBITDA	215.17	228.93	205.65	241.03	202.87	197.6
EBITDA Margin	16.21%	16.07%	13.37%	14.87%	12.93%	14.31%
D&A For EBITDA	75.84	76.74	87.28	77.39	61.1	46.36
EBIT	139.33	152.19	118.37	163.64	141.77	151.25
EBIT Margin	10.50%	10.68%	7.70%	10.10%	9.04%	10.96%
Effective Tax Rate	11.46%	13.06%	4.09%	11.65%	10.18%	18.14%
Revenue as Reported	1,425	1,425	1,538	1,626	1,568	1,380
Advertising Expenses	-	134.93	146.29	251.93	526.87	585.69