SHE:000551 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	4,196	4,157	4,063	4,192	4,084	3,605
Other Revenue	63.94	63.94	128.79	131.28	95.99	90.89
Revenue	4,259	4,221	4,192	4,323	4,180	3,696
Revenue Growth (YoY)	1.50%	0.69%	-3.03%	3.42%	13.10%	15.03%
Cost of Revenue	3,110	3,135	3,245	3,417	3,346	2,925
Gross Profit	1,149	1,086	946.61	905.96	834.05	771.04
Selling, General & Admin	368.24	372.3	344.15	372.06	334.63	302.82
Research & Development	243.06	237.11	215.49	237.36	212.08	192.49
Other Operating Expenses	29.36	22.82	15.8	26.99	35.46	33.72
Operating Expenses	646.98	638.55	596.14	655.34	607.85	553.5
Operating Income	502.13	447.54	350.47	250.62	226.2	217.54
Interest Expense	-12.45	-12.45	-18.59	-22.22	-25.3	-24.94
Interest & Investment Income	59.25	45.45	65.95	52.55	39.34	28.64
Currency Exchange Gain (Loss)	4.15	4.15	4.58	11.42	25.2	-13.61
Other Non Operating Income (Expenses)	-19.47	-1.28	-0.81	-13.93	-11.82	-27.19
EBT Excluding Unusual Items	533.61	483.42	401.6	278.44	253.62	180.44
Impairment of Goodwill	-6.39	-6.39	-20.11	-20.18	-	-
Gain (Loss) on Sale of Investments	0.72	0.71	-0.23	-0.19	-0.09	-
Gain (Loss) on Sale of Assets	-3.27	-1.63	7.38	0.69	-0.52	-0.23
Asset Writedown	3.25	-0.31	-0.75	-1.09	-0.45	-0.17
Other Unusual Items	17.99	17.99	34.32	38.56	37.69	28.45
Pretax Income	545.91	493.79	422.22	296.23	290.24	208.49
Income Tax Expense	73.83	63.18	42.15	26.02	17.73	11.67
Earnings From Continuing Operations	472.08	430.61	380.07	270.2	272.51	196.82
Minority Interest in Earnings	-132.39	-135.65	-129.44	-114.91	-108.58	-87.56
Net Income	339.69	294.96	250.63	155.3	163.93	109.26
Net Income to Common	339.69	294.96	250.63	155.3	163.93	109.26
Net Income Growth	26.94%	17.69%	61.39%	-5.27%	50.03%	-6.35%
Shares Outstanding (Basic)	484	483	481	485	480	480
Shares Outstanding (Diluted)	485	484	482	486	481	480
Shares Change (YoY)	0.47%	0.35%	-0.83%	1.05%	0.23%	-0.55%
EPS (Basic)	0.70	0.61	0.52	0.32	0.34	0.23
EPS (Diluted)	0.70	0.61	0.52	0.32	0.34	0.23
EPS Growth	26.35%	17.28%	62.74%	-6.25%	49.69%	-5.83%
Free Cash Flow	546.29	438.48	352.78	143.09	366.78	155.62
Free Cash Flow Per Share	1.13	0.91	0.73	0.29	0.76	0.32
Dividend Per Share	0.060	0.060	0.100	0.058	0.058	-
Dividend Growth	-40.00%	-40.00%	71.53%	-	-	-
Gross Margin	26.98%	25.73%	22.58%	20.96%	19.95%	20.86%
Operating Margin	11.79%	10.60%	8.36%	5.80%	5.41%	5.89%
Profit Margin	7.98%	6.99%	5.98%	3.59%	3.92%	2.96%
Free Cash Flow Margin	12.83%	10.39%	8.42%	3.31%	8.77%	4.21%
EBITDA	603.4	550.27	459.01	358.17	333.14	314.52
EBITDA Margin	14.17%	13.04%	10.95%	8.29%	7.97%	8.51%
D&A For EBITDA	101.27	102.72	108.54	107.55	106.94	96.98
EBIT	502.13	447.54	350.47	250.62	226.2	217.54
EBIT Margin	11.79%	10.60%	8.36%	5.80%	5.41%	5.89%
Effective Tax Rate	13.52%	12.80%	9.98%	8.79%	6.11%	5.60%
Revenue as Reported	4,221	4,221	4,192	4,323	4,180	3,696
Advertising Expenses	-	2.24	2.17	2.44	3.14	3.24

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