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	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	995.01	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	1,017	1,203	1,167	1,507	1,825	2,876
Revenue Growth	-18.51%	3.10%	-22.55%	-17.46%	-36.54%	51.87%
Cost of Revenue	694.29	871.59	757.37	1,021	1,292	2,276
Gross Profit	322.67	331.56	409.57	485.55	533.15	600.64
Selling, General & Admin	104.22	117.52	140.81	161.8	208.17	213.79
Research & Development	36.45	38.73	44.84	68.12	79.98	97.34
Other Operating Expenses	8.22	10.04	9.58	6.39	12.51	15.09
Operating Expenses	173.72	191.14	226.29	296.2	385.47	448.54
Operating Income	148.95	140.42	183.28	189.35	147.68	152.1
Interest Expense	-30.42	-30.42	-16.59	-8.37	-9.85	-12.46
Interest & Investment Income	25.95	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)	-15.97	-3.94	-0.82	0.65	-3.44	-1.94
EBT Excluding Unusual Items	128.26	124.68	174.73	195.22	154.77	157.1
Impairment of Goodwill	-	-	-	-	-10.08	-
Gain (Loss) on Sale of Investments	1.44	1.62	0.63	0.91	4.15	1.83
Gain (Loss) on Sale of Assets	-2.19	0.35	0.58	5.64	1.46	0.41
Asset Writedown	-12.19	-8.55	-7.07	-1	-1.02	-0.14
Legal Settlements	-	-	-	-	-8.98	-
Other Unusual Items	2.15	2.15	0.37	13.94	19.98	-12.15
Pretax Income	117.47	120.25	169.25	214.71	160.29	147.06
Income Tax Expense	12	15.99	24.84	25.4	15.75	16.5
Earnings From Continuing Operations	105.47	104.26	144.4	189.31	144.54	130.55
Minority Interest in Earnings	-14.85	-13.67	-19.1	-27.98	-32.36	-25.2
Net Income	90.61	90.59	125.3	161.33	112.18	105.35
Net Income to Common	90.61	90.59	125.3	161.33	112.18	105.35
Net Income Growth	-10.33%	-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)	0.46	0.46	0.64	0.82	0.57	0.54
EPS (Diluted)	0.46	0.46	0.63	0.78	0.55	0.51
EPS Growth	-10.36%	-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	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	249.04	134.86	48.73	216.86	109.69	91.88
Free Cash Flow Per Share	1.27	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	31.73%	27.56%	35.10%	32.23%	29.21%	20.88%
Operating Margin	14.65%	11.67%	15.71%	12.57%	8.09%	5.29%
Profit Margin	8.91%	7.53%	10.74%	10.71%	6.14%	3.66%
Free Cash Flow Margin	24.49%	11.21%	4.18%	14.39%	6.01%	3.19%
EBITDA	190.46	183.45	220.89	220.92	179.3	190.33
EBITDA Margin	18.73%	15.25%	18.93%	14.66%	9.82%	6.62%
D&A For EBITDA	41.51	43.03	37.61	31.57	31.62	38.23
EBIT	148.95	140.42	183.28	189.35	147.68	152.1
EBIT Margin	14.65%	11.67%	15.71%	12.57%	8.09%	5.29%
Effective Tax Rate	10.22%	13.30%	14.68%	11.83%	9.83%	11.22%
Revenue as Reported	1,203	1,203	1,167	1,507	1,825	2,876
Advertising Expenses	-	3.09	2.2	3.82	1.43	4.97