SHE:002949 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	1,181	1,154	1,499	1,822	2,873
Other Revenue	21.95	12.5	7.36	3.99	3.82
Revenue	1,203	1,167	1,507	1,825	2,876
Revenue Growth (YoY)	3.10%	-22.55%	-17.46%	-36.54%	51.87%
Cost of Revenue	871.59	757.37	1,021	1,292	2,276
Gross Profit	331.56	409.57	485.55	533.15	600.64
Selling, General & Admin	117.52	140.81	161.8	208.17	213.79
Research & Development	38.73	44.84	68.12	79.98	97.34
Other Operating Expenses	10.04	9.58	6.39	12.51	15.09
Operating Expenses	191.14	226.29	296.2	385.47	448.54
Operating Income	140.42	183.28	189.35	147.68	152.1
Interest Expense	-30.42	-16.59	-8.37	-9.85	-12.46
Interest & Investment Income	18.87	9.58	14.5	19.97	19.28
Currency Exchange Gain (Loss)	-0.25	-0.71	-0.91	0.41	0.13
Other Non Operating Income (Expenses)	-3.94	-0.82	0.65	-3.44	-1.94
EBT Excluding Unusual Items	124.68	174.73	195.22	154.77	157.1
Impairment of Goodwill	-	-	-	-10.08	-
Gain (Loss) on Sale of Investments	1.62	0.63	0.91	4.15	1.83
Gain (Loss) on Sale of Assets	0.35	0.58	5.64	1.46	0.41
Asset Writedown	-8.55	-7.07	-1	-1.02	-0.14
Legal Settlements	-	-	-	-8.98	-
Other Unusual Items	2.15	0.37	13.94	19.98	-12.15
Pretax Income	120.25	169.25	214.71	160.29	147.06
Income Tax Expense	15.99	24.84	25.4	15.75	16.5
Earnings From Continuing Operations	104.26	144.4	189.31	144.54	130.55
Minority Interest in Earnings	-13.67	-19.1	-27.98	-32.36	-25.2
Net Income	90.59	125.3	161.33	112.18	105.35
Net Income to Common	90.59	125.3	161.33	112.18	105.35
Net Income Growth	-27.70%	-22.33%	43.82%	6.48%	-39.20%
Shares Outstanding (Basic)	196	196	196	196	196
Shares Outstanding (Diluted)	196	199	208	205	205
Shares Change (YoY)	-1.68%	-4.10%	1.32%	0.13%	-3.35%
EPS (Basic)	0.46	0.64	0.82	0.57	0.54
EPS (Diluted)	0.46	0.63	0.78	0.55	0.51
EPS Growth	-26.46%	-19.01%	41.95%	6.34%	-37.09%
Free Cash Flow	134.86	48.73	216.86	109.69	91.88
Free Cash Flow Per Share	0.69	0.24	1.04	0.53	0.45
Dividend Per Share	0.200	0.350	0.800	0.300	0.300
Dividend Growth	-42.86%	-56.25%	166.67%	-	-25.00%
Gross Margin	27.56%	35.10%	32.23%	29.21%	20.88%
Operating Margin	11.67%	15.71%	12.57%	8.09%	5.29%
Profit Margin	7.53%	10.74%	10.71%	6.14%	3.66%
Free Cash Flow Margin	11.21%	4.18%	14.39%	6.01%	3.19%
EBITDA	183.45	220.89	220.92	179.3	190.33
EBITDA Margin	15.25%	18.93%	14.66%	9.82%	6.62%
D&A For EBITDA	43.03	37.61	31.57	31.62	38.23
EBIT	140.42	183.28	189.35	147.68	152.1
EBIT Margin	11.67%	15.71%	12.57%	8.09%	5.29%
Effective Tax Rate	13.30%	14.68%	11.83%	9.83%	11.22%
Revenue as Reported	1,203	1,167	1,507	1,825	2,876
Advertising Expenses	3.09	2.2	3.82	1.43	4.97

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