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	1,779	1,714	1,558	1,374	1,311	1,140
Other Revenue	1.59	1.59	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	865.98	822.6	795.74	771.84	785.81	665.92
Gross Profit	914.81	893.23	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	9.61	6.97	3.35	3.69	8.8	-5.34
Operating Expenses	741.65	725.63	623.25	499.22	419.21	358.18
Operating Income	173.16	167.6	141.08	104.72	108.3	118.42
Interest Expense	-0.81	-0.81	-1.2	-1.42	-1.86	-1.99
Interest & Investment Income	30.25	31.39	27.57	20.01	14.76	20.4
Other Non Operating Income (Expenses)	-0.06	-0.06	0.16	-0.51	-0.22	0.17
EBT Excluding Unusual Items	202.54	198.12	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	4.37	-	-	-0.19	-	-2.9
Other Unusual Items	11.87	11.86	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	0.850	0.850	0.750	0.650	0.600	0.780
Dividend Growth	13.33%	13.33%	15.38%	8.33%	-23.08%	-
Gross Margin	51.37%	52.06%	48.99%	43.90%	40.17%	41.72%
Operating Margin	9.72%	9.77%	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	193.29	187.91	162.13	117.25	118.54	129.25
EBITDA Margin	10.85%	10.95%	10.39%	8.52%	9.03%	11.31%
D&A For EBITDA	20.13	20.31	21.05	12.53	10.23	10.83
EBIT	173.16	167.6	141.08	104.72	108.3	118.42
EBIT Margin	9.72%	9.77%	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	1,781	1,716	1,560	1,376	1,313	1,143
Advertising Expenses	-	420.37	359.73	254.27	189.09	161.94

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