SHE:300221 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	2,197	2,017	1,665	1,846	2,251
Other Revenue	-	4.96	0.34	0.51	2.27
Revenue	2,197	2,022	1,665	1,846	2,253
Revenue Growth (YoY)	8.67%	21.38%	-9.79%	-18.07%	37.35%
Cost of Revenue	1,749	1,688	1,390	1,556	1,894
Gross Profit	447.38	333.58	275.21	290.34	359.25
Selling, General & Admin	180.55	150.39	152.54	207.23	178.12
Research & Development	112.16	104.7	80.46	81.68	105.85
Other Operating Expenses	0.69	2.22	1.3	3.74	7.79
Operating Expenses	293.39	262.06	236.94	281.88	295.16
Operating Income	154	71.52	38.27	8.46	64.08
Interest Expense	-	-10.71	-5.22	-8.72	-15.17
Interest & Investment Income	-	2.44	7.98	5.04	9.86
Currency Exchange Gain (Loss)	-	1.63	1.14	3.48	-1.27
Other Non Operating Income (Expenses)	-21.49	-0.33	-0.68	-0.33	20.6
EBT Excluding Unusual Items	132.51	64.55	41.49	7.93	78.1
Impairment of Goodwill	-	-	-14.3	-	-
Gain (Loss) on Sale of Investments	-2.03	-1.86	-0.21	-0.16	1.59
Gain (Loss) on Sale of Assets	0.28	-2.57	7.06	-0.35	-6.33
Asset Writedown	-13.57	-11.23	-12.98	-6.24	-3.82
Other Unusual Items	-	5.27	6.35	0.18	11.55
Pretax Income	117.19	54.25	27.48	1.59	81.09
Income Tax Expense	3.1	3.61	-0.02	4.54	4.99
Earnings From Continuing Operations	114.1	50.64	27.49	-2.95	76.1
Minority Interest in Earnings	-3.37	0.81	-0.46	-2.52	-2.65
Net Income	110.72	51.45	27.03	-5.46	73.46
Net Income to Common	110.72	51.45	27.03	-5.46	73.46
Net Income Growth	115.23%	90.33%	-	-	-27.29%
Shares Outstanding (Basic)	458	456	452	444	447
Shares Outstanding (Diluted)	470	461	452	444	458
Shares Change (YoY)	1.77%	2.08%	1.74%	-3.04%	1.82%
EPS (Basic)	0.24	0.11	0.06	-0.01	0.16
EPS (Diluted)	0.24	0.11	0.06	-0.01	0.16
EPS Growth	111.48%	86.45%	-	-	-28.60%
Free Cash Flow	50.44	-156.88	-222.17	203.32	-135.22
Free Cash Flow Per Share	0.11	-0.34	-0.49	0.46	-0.29
Gross Margin	20.36%	16.50%	16.53%	15.73%	15.94%
Operating Margin	7.01%	3.54%	2.30%	0.46%	2.84%
Profit Margin	5.04%	2.54%	1.62%	-0.30%	3.26%
Free Cash Flow Margin	2.30%	-7.76%	-13.34%	11.01%	-6.00%
EBITDA	210.59	114.38	74.36	41	97.17
EBITDA Margin	9.59%	5.66%	4.46%	2.22%	4.31%
D&A For EBITDA	56.59	42.85	36.09	32.55	33.08
EBIT	154	71.52	38.27	8.46	64.08
EBIT Margin	7.01%	3.54%	2.30%	0.46%	2.84%
Effective Tax Rate	2.64%	6.65%	-	284.97%	6.15%
Revenue as Reported	-	2,022	1,665	1,846	2,253
Advertising Expenses	-	2.58	2.12	5.19	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.