SHE:002003 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	4,785	4,724	4,603	3,858	3,580	3,307
Other Revenue	76.51	76.51	71.61	48.5	47.58	48.23
Revenue	4,861	4,800	4,674	3,907	3,628	3,356
Revenue Growth (YoY)	0.17%	2.69%	19.66%	7.67%	8.12%	34.44%
Cost of Revenue	2,825	2,783	2,726	2,310	2,213	2,081
Gross Profit	2,037	2,017	1,949	1,597	1,415	1,274
Selling, General & Admin	999.13	985.38	918.67	753.47	683.65	574.42
Research & Development	179.61	176.6	180.64	159.79	151.38	138.6
Other Operating Expenses	41.01	43.47	25.99	40.06	39.48	30.64
Operating Expenses	1,220	1,206	1,130	959.99	871.05	755.84
Operating Income	816.34	811.2	818.81	636.58	543.61	518.38
Interest Expense	-30.51	-30.51	-32.5	-35.11	-26	-16.11
Interest & Investment Income	30.73	26.68	45.36	34.35	20.73	19.6
Currency Exchange Gain (Loss)	-35.37	-35.37	10.09	8.67	47.89	-9.93
Other Non Operating Income (Expenses)	-41.29	-10.77	-9.47	-7.88	-11.03	-7.06
EBT Excluding Unusual Items	736.8	761.23	832.29	636.61	575.2	504.89
Gain (Loss) on Sale of Investments	-0.12	-	-0.07	0.36	0.36	0.36
Gain (Loss) on Sale of Assets	0.42	0.16	-0.65	20.94	-0.75	-4.06
Asset Writedown	-4.12	-4.12	-2.59	-3.27	-22.26	-6.94
Other Unusual Items	22.79	22.79	18.01	11.6	27.41	21.54
Pretax Income	755.76	780.06	846.98	666.23	579.96	515.79
Income Tax Expense	114.91	131.79	140	109.09	93.14	70.41
Earnings From Continuing Operations	640.85	648.27	706.98	557.14	486.82	445.38
Net Income to Company	640.85	648.27	706.98	557.14	486.82	445.38
Minority Interest in Earnings	-3.51	-3.67	-6.65	0.97	1.83	3.26
Net Income	637.34	644.6	700.33	558.11	488.65	448.64
Net Income to Common	637.34	644.6	700.33	558.11	488.65	448.64
Net Income Growth	-11.82%	-7.96%	25.48%	14.21%	8.92%	13.22%
Shares Outstanding (Basic)	1,164	1,152	1,167	1,053	1,018	997
Shares Outstanding (Diluted)	1,164	1,152	1,167	1,053	1,018	997
Shares Change (YoY)	-0.34%	-1.35%	10.85%	3.44%	2.11%	0.64%
EPS (Basic)	0.55	0.56	0.60	0.53	0.48	0.45
EPS (Diluted)	0.55	0.56	0.60	0.53	0.48	0.45
EPS Growth	-11.52%	-6.70%	13.21%	10.42%	6.67%	12.50%
Free Cash Flow	250.55	263.2	324.12	16.4	60.62	184.78
Free Cash Flow Per Share	0.21	0.23	0.28	0.02	0.06	0.18
Dividend Per Share	0.500	0.500	0.500	0.450	0.350	0.385
Dividend Growth	-	-	11.11%	28.57%	-9.00%	24.99%
Gross Margin	41.89%	42.02%	41.69%	40.87%	38.99%	37.97%
Operating Margin	16.79%	16.90%	17.52%	16.30%	14.98%	15.45%
Profit Margin	13.11%	13.43%	14.98%	14.29%	13.47%	13.37%
Free Cash Flow Margin	5.15%	5.48%	6.93%	0.42%	1.67%	5.51%
EBITDA	1,123	1,114	1,107	880.78	747.57	692.27
EBITDA Margin	23.09%	23.21%	23.69%	22.55%	20.61%	20.63%
D&A For EBITDA	306.29	302.75	288.62	244.2	203.96	173.89
EBIT	816.34	811.2	818.81	636.58	543.61	518.38
EBIT Margin	16.79%	16.90%	17.52%	16.30%	14.98%	15.45%
Effective Tax Rate	15.20%	16.89%	16.53%	16.38%	16.06%	13.65%
Revenue as Reported	4,800	4,800	4,674	3,907	3,628	3,356
Advertising Expenses	-	-	-	-	-	0.44

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