SHE:002983 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	Mar '26 Mar 31, 2026	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	939.94	972.4	1,174	1,167	947.69	808.36
Other Revenue	16.53	16.53	9.32	8.99	6.56	12.56
Revenue	956.47	988.93	1,183	1,176	954.25	820.92
Revenue Growth (YoY)	-19.75%	-16.44%	0.62%	23.25%	16.24%	46.65%
Cost of Revenue	752.95	769.86	957.6	928.6	774.19	684.66
Gross Profit	203.53	219.07	225.84	247.5	180.06	136.26
Selling, General & Admin	55.24	51.26	46.71	46.01	38.2	39.53
Research & Development	51.88	51.41	49.32	45.03	44.71	22.5
Other Operating Expenses	-6.05	-4.98	-5.46	-2.52	2.77	3.75
Operating Expenses	97.22	92.86	108.85	84.91	92.54	72.39
Operating Income	106.31	126.21	116.99	162.59	87.52	63.87
Interest Expense	-1.03	-1.03	-0.39	-0.17	-0.08	-
Interest & Investment Income	0.8	0.56	7.52	15.38	13.85	19.65
Currency Exchange Gain (Loss)	-1.52	-1.52	0.2	0.62	6.75	-0.53
Other Non Operating Income (Expenses)	-2.36	-1.69	-0.57	-0.17	-2.06	-0.25
EBT Excluding Unusual Items	102.19	122.52	123.76	178.24	105.97	82.73
Gain (Loss) on Sale of Investments	12.87	12.44	8.23	10.53	7.5	1.83
Gain (Loss) on Sale of Assets	-0.6	-0.75	-1.82	-1.55	-1.18	0.08
Asset Writedown	-	-	-	-	-	-0.15
Other Unusual Items	2.4	2.4	4.19	2.25	5.34	9.03
Pretax Income	116.86	136.61	134.35	189.47	117.63	93.51
Income Tax Expense	13.61	13.99	15.34	22.88	11.7	10.84
Earnings From Continuing Operations	103.25	122.62	119.01	166.59	105.93	82.68
Minority Interest in Earnings	6.63	2.8	-0.58	-0.2	-	-
Net Income	109.88	125.42	118.43	166.39	105.93	82.68
Net Income to Common	109.88	125.42	118.43	166.39	105.93	82.68
Net Income Growth	-15.13%	5.90%	-28.83%	57.08%	28.12%	-5.39%
Shares Outstanding (Basic)	224	224	204	222	219	220
Shares Outstanding (Diluted)	224	224	204	222	219	220
Shares Change (YoY)	9.72%	9.69%	-7.94%	1.24%	-0.60%	9.34%
EPS (Basic)	0.49	0.56	0.58	0.75	0.48	0.38
EPS (Diluted)	0.49	0.56	0.58	0.75	0.48	0.38
EPS Growth	-22.65%	-3.45%	-22.69%	55.16%	28.90%	-13.47%
Free Cash Flow	163.74	136.46	-143.72	100.07	99.68	-140.38
Free Cash Flow Per Share	0.73	0.61	-0.70	0.45	0.46	-0.64
Dividend Per Share	0.400	0.400	0.250	0.291	0.208	0.167
Dividend Growth	60.00%	60.00%	-14.15%	39.73%	25.01%	-13.36%
Gross Margin	21.28%	22.15%	19.08%	21.04%	18.87%	16.60%
Operating Margin	11.12%	12.76%	9.89%	13.82%	9.17%	7.78%
Profit Margin	11.49%	12.68%	10.01%	14.15%	11.10%	10.07%
Free Cash Flow Margin	17.12%	13.80%	-12.14%	8.51%	10.45%	-17.10%
EBITDA	147.52	165.23	147.24	188.37	110.59	83.74
EBITDA Margin	15.42%	16.71%	12.44%	16.02%	11.59%	10.20%
D&A For EBITDA	41.21	39.02	30.25	25.79	23.07	19.87
EBIT	106.31	126.21	116.99	162.59	87.52	63.87
EBIT Margin	11.12%	12.76%	9.89%	13.82%	9.17%	7.78%
Effective Tax Rate	11.65%	10.24%	11.42%	12.07%	9.95%	11.59%
Revenue as Reported	956.47	988.93	1,183	1,176	954.25	820.92
Advertising Expenses	-	-	-	-	4.38	0.01

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