SHE:001328 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	1,781	1,716	1,558	1,374	1,311	1,140
Other Revenue	-	-	2.27	2.22	2.26	2.41
Revenue	1,781	1,716	1,560	1,376	1,313	1,143
Revenue Growth (YoY)	9.26%	9.98%	13.40%	4.75%	14.95%	10.97%
Cost of Revenue	863.12	819.73	795.74	771.84	785.81	665.92
Gross Profit	917.67	896.1	764.33	603.94	527.52	476.6
Selling, General & Admin	678.04	666.17	572.35	453.19	369.6	327.75
Research & Development	53.89	52.25	48.07	42.73	40.13	35.52
Other Operating Expenses	0.74	-1.91	3.35	3.69	8.8	-5.34
Operating Expenses	732.67	716.5	623.25	499.22	419.21	358.18
Operating Income	185	179.59	141.08	104.72	108.3	118.42
Interest Expense	-	-	-1.2	-1.42	-1.86	-1.99
Interest & Investment Income	18.49	19.69	27.57	20.01	14.76	20.4
Other Non Operating Income (Expenses)	13.78	13.56	0.16	-0.51	-0.22	0.17
EBT Excluding Unusual Items	217.27	212.85	167.61	122.8	120.98	137
Gain (Loss) on Sale of Investments	-0.91	-1.53	6.65	11.1	0.1	0.64
Gain (Loss) on Sale of Assets	-0.03	-0.01	-0.15	-	0.61	-
Asset Writedown	1.5	-2.87	-	-0.19	-	-2.9
Other Unusual Items	-	-	12.76	27.11	24.05	-
Pretax Income	217.84	208.45	186.87	160.82	145.76	134.73
Income Tax Expense	28.12	27.37	25.69	19.52	11.14	15.87
Net Income	189.71	181.08	161.18	141.3	134.61	118.86
Net Income to Common	189.71	181.08	161.18	141.3	134.61	118.86
Net Income Growth	13.59%	12.35%	14.07%	4.97%	13.25%	24.80%
Shares Outstanding (Basic)	172	172	171	161	129	129
Shares Outstanding (Diluted)	172	172	171	161	129	129
Shares Change (YoY)	0.14%	0.58%	6.79%	24.05%	0.18%	7.17%
EPS (Basic)	1.10	1.05	0.94	0.88	1.04	0.92
EPS (Diluted)	1.10	1.05	0.94	0.88	1.04	0.92
EPS Growth	13.43%	11.70%	6.82%	-15.38%	13.04%	16.46%
Free Cash Flow	172.47	165.52	134.34	106.67	27.98	49.28
Free Cash Flow Per Share	1.00	0.96	0.78	0.66	0.22	0.38
Dividend Per Share	-	-	0.750	0.650	0.600	0.780
Dividend Growth	-	-	15.38%	8.33%	-23.08%	-
Gross Margin	51.53%	52.23%	48.99%	43.90%	40.17%	41.72%
Operating Margin	10.39%	10.47%	9.04%	7.61%	8.25%	10.37%
Profit Margin	10.65%	10.55%	10.33%	10.27%	10.25%	10.40%
Free Cash Flow Margin	9.69%	9.65%	8.61%	7.75%	2.13%	4.31%
EBITDA	207.37	201.44	160.86	117.25	118.54	129.25
EBITDA Margin	11.64%	11.74%	10.31%	8.52%	9.03%	11.31%
D&A For EBITDA	22.37	21.85	19.78	12.53	10.23	10.83
EBIT	185	179.59	141.08	104.72	108.3	118.42
EBIT Margin	10.39%	10.47%	9.04%	7.61%	8.25%	10.37%
Effective Tax Rate	12.91%	13.13%	13.75%	12.14%	7.65%	11.78%
Revenue as Reported	-	-	1,560	1,376	1,313	1,143
Advertising Expenses	-	-	359.73	254.27	189.09	161.94

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