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	Jun '26 Jun 30, 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	991.24	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	1,008	988.93	1,183	1,176	954.25	820.92
Revenue Growth	-15.50%	-16.44%	0.62%	23.25%	16.24%	46.65%
Cost of Revenue	798.37	769.86	957.6	928.6	774.19	684.66
Gross Profit	209.4	219.07	225.84	247.5	180.06	136.26
Selling, General & Admin	51.79	51.26	46.71	46.01	38.2	39.53
Research & Development	48.76	51.41	49.32	45.03	44.71	22.5
Other Operating Expenses	-4.56	-4.98	-5.46	-2.52	2.77	3.75
Operating Expenses	91.17	92.86	108.85	84.91	92.54	72.39
Operating Income	118.24	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	3.23	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)	-10	-1.69	-0.57	-0.17	-2.06	-0.25
EBT Excluding Unusual Items	108.91	122.52	123.76	178.24	105.97	82.73
Gain (Loss) on Sale of Investments	13.38	12.44	8.23	10.53	7.5	1.83
Gain (Loss) on Sale of Assets	-1.39	-0.75	-1.82	-1.55	-1.18	0.08
Asset Writedown	-5.03	-	-	-	-	-0.15
Other Unusual Items	2.4	2.4	4.19	2.25	5.34	9.03
Pretax Income	118.27	136.61	134.35	189.47	117.63	93.51
Income Tax Expense	14.52	13.99	15.34	22.88	11.7	10.84
Earnings From Continuing Operations	103.75	122.62	119.01	166.59	105.93	82.68
Minority Interest in Earnings	5.96	2.8	-0.58	-0.2	-	-
Net Income	109.71	125.42	118.43	166.39	105.93	82.68
Net Income to Common	109.71	125.42	118.43	166.39	105.93	82.68
Net Income Growth	-16.52%	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	9.84%	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	-24.00%	-3.45%	-22.69%	55.16%	28.90%	-13.47%

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Free Cash Flow	102.07	136.46	-143.72	100.07	99.68	-140.38
Free Cash Flow Per Share	0.46	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	20.78%	22.15%	19.08%	21.04%	18.87%	16.60%
Operating Margin	11.73%	12.76%	9.89%	13.82%	9.17%	7.78%
Profit Margin	10.89%	12.68%	10.01%	14.15%	11.10%	10.07%
Free Cash Flow Margin	10.13%	13.80%	-12.14%	8.51%	10.45%	-17.10%
EBITDA	158.34	165.23	147.24	188.37	110.59	83.74
EBITDA Margin	15.71%	16.71%	12.44%	16.02%	11.59%	10.20%
D&A For EBITDA	40.1	39.02	30.25	25.79	23.07	19.87
EBIT	118.24	126.21	116.99	162.59	87.52	63.87
EBIT Margin	11.73%	12.76%	9.89%	13.82%	9.17%	7.78%
Effective Tax Rate	12.28%	10.24%	11.42%	12.07%	9.95%	11.59%
Revenue as Reported	988.93	988.93	1,183	1,176	954.25	820.92
Advertising Expenses	-	-	-	-	4.38	0.01