SHE:002949 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	Sep '26 Sep 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	898.22	1,181	1,154	1,499	1,822	2,873
Other Revenue	21.95	21.95	12.5	7.36	3.99	3.82
Revenue	920.17	1,203	1,167	1,507	1,825	2,876
Revenue Growth	-26.33%	3.10%	-22.55%	-17.46%	-36.54%	51.87%
Cost of Revenue	632.31	871.59	757.37	1,021	1,292	2,276
Gross Profit	287.86	331.56	409.57	485.55	533.15	600.64
Selling, General & Admin	96.11	117.52	140.81	161.8	208.17	213.79
Research & Development	34.67	38.73	44.84	68.12	79.98	97.34
Other Operating Expenses	8.16	10.04	9.58	6.39	12.51	15.09
Operating Expenses	159.23	191.14	226.29	296.2	385.47	448.54
Operating Income	128.62	140.42	183.28	189.35	147.68	152.1
Interest Expense	-8.15	-30.42	-16.59	-8.37	-9.85	-12.46
Interest & Investment Income	27.13	18.87	9.58	14.5	19.97	19.28
Currency Exchange Gain (Loss)	-0.25	-0.25	-0.71	-0.91	0.41	0.13
Other Non Operating Income (Expenses)	-35.46	-3.94	-0.82	0.65	-3.44	-1.94
EBT Excluding Unusual Items	111.9	124.68	174.73	195.22	154.77	157.1
Impairment of Goodwill	-	-	-	-	-10.08	-
Gain (Loss) on Sale of Investments	0.49	1.62	0.63	0.91	4.15	1.83
Gain (Loss) on Sale of Assets	-3.45	0.35	0.58	5.64	1.46	0.41
Asset Writedown	-13.43	-8.55	-7.07	-1	-1.02	-0.14
Legal Settlements	-	-	-	-	-8.98	-
Other Unusual Items	2.49	2.15	0.37	13.94	19.98	-12.15
Pretax Income	98	120.25	169.25	214.71	160.29	147.06
Income Tax Expense	5.03	15.99	24.84	25.4	15.75	16.5
Earnings From Continuing Operations	92.97	104.26	144.4	189.31	144.54	130.55
Minority Interest in Earnings	-11.53	-13.67	-19.1	-27.98	-32.36	-25.2
Net Income	81.44	90.59	125.3	161.33	112.18	105.35
Net Income to Common	81.44	90.59	125.3	161.33	112.18	105.35
Net Income Growth	-3.08%	-27.70%	-22.33%	43.82%	6.48%	-39.20%
Shares Outstanding (Basic)	196	196	196	196	196	196
Shares Outstanding (Diluted)	196	196	199	208	205	205
Shares Change	-0.02%	-1.68%	-4.10%	1.32%	0.13%	-3.35%
EPS (Basic)	0.42	0.46	0.64	0.82	0.57	0.54
EPS (Diluted)	0.42	0.46	0.63	0.78	0.55	0.51
EPS Growth	-3.06%	-26.46%	-19.01%	41.95%	6.34%	-37.09%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	172.93	134.86	48.73	216.86	109.69	91.88
Free Cash Flow Per Share	0.88	0.69	0.24	1.04	0.53	0.45
Dividend Per Share	0.200	0.200	0.350	0.800	0.300	0.300
Dividend Growth	-42.86%	-42.86%	-56.25%	166.67%	0%	-25.00%
Gross Margin	31.28%	27.56%	35.10%	32.23%	29.21%	20.88%
Operating Margin	13.98%	11.67%	15.71%	12.57%	8.09%	5.29%
Profit Margin	8.85%	7.53%	10.74%	10.71%	6.14%	3.66%
Free Cash Flow Margin	18.79%	11.21%	4.18%	14.39%	6.01%	3.19%
EBITDA	175.72	183.45	220.89	220.92	179.3	190.33
EBITDA Margin	19.10%	15.25%	18.93%	14.66%	9.82%	6.62%
D&A For EBITDA	47.09	43.03	37.61	31.57	31.62	38.23
EBIT	128.62	140.42	183.28	189.35	147.68	152.1
EBIT Margin	13.98%	11.67%	15.71%	12.57%	8.09%	5.29%
Effective Tax Rate	5.13%	13.30%	14.68%	11.83%	9.83%	11.22%
Revenue as Reported	308.97	1,203	1,167	1,507	1,825	2,876
Advertising Expenses	-	3.09	2.2	3.82	1.43	4.97