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	Jun '26 Jun 30, 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	5,045	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	5,122	4,800	4,674	3,907	3,628	3,356
Revenue Growth	8.61%	2.69%	19.66%	7.67%	8.12%	34.44%
Cost of Revenue	2,974	2,783	2,726	2,310	2,213	2,081
Gross Profit	2,148	2,017	1,949	1,597	1,415	1,274
Selling, General & Admin	1,024	985.38	918.67	753.47	683.65	574.42
Research & Development	190.12	176.6	180.64	159.79	151.38	138.6
Other Operating Expenses	49.67	43.47	25.99	40.06	39.48	30.64
Operating Expenses	1,265	1,206	1,130	959.99	871.05	755.84
Operating Income	883.2	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	35.78	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)	-44.54	-10.77	-9.47	-7.88	-11.03	-7.06
EBT Excluding Unusual Items	800.34	761.23	832.29	636.61	575.2	504.89
Gain (Loss) on Sale of Investments	-0.19	-	-0.07	0.36	0.36	0.36
Gain (Loss) on Sale of Assets	-0.06	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	818.76	780.06	846.98	666.23	579.96	515.79
Income Tax Expense	124.88	131.79	140	109.09	93.14	70.41
Earnings From Continuing Operations	693.88	648.27	706.98	557.14	486.82	445.38
Net Income to Company	693.88	648.27	706.98	557.14	486.82	445.38
Minority Interest in Earnings	-5.53	-3.67	-6.65	0.97	1.83	3.26
Net Income	688.35	644.6	700.33	558.11	488.65	448.64
Net Income to Common	688.35	644.6	700.33	558.11	488.65	448.64
Net Income Growth	5.29%	-7.96%	25.48%	14.21%	8.92%	13.22%
Shares Outstanding (Basic)	1,165	1,152	1,167	1,053	1,018	997
Shares Outstanding (Diluted)	1,165	1,152	1,167	1,053	1,018	997
Shares Change	1.25%	-1.35%	10.85%	3.44%	2.11%	0.64%
EPS (Basic)	0.59	0.56	0.60	0.53	0.48	0.45
EPS (Diluted)	0.59	0.56	0.60	0.53	0.48	0.45
EPS Growth	3.99%	-6.70%	13.21%	10.42%	6.67%	12.50%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	340.17	263.2	324.12	16.4	60.62	184.78
Free Cash Flow Per Share	0.29	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	66.67%	0%	11.11%	28.57%	-9.00%	24.99%
Gross Margin	41.93%	42.02%	41.69%	40.87%	38.99%	37.97%
Operating Margin	17.24%	16.90%	17.52%	16.30%	14.98%	15.45%
Profit Margin	13.44%	13.43%	14.98%	14.29%	13.47%	13.37%
Free Cash Flow Margin	6.64%	5.48%	6.93%	0.42%	1.67%	5.51%
EBITDA	1,208	1,114	1,107	880.78	747.57	692.27
EBITDA Margin	23.59%	23.21%	23.69%	22.55%	20.61%	20.63%
D&A For EBITDA	324.96	302.75	288.62	244.2	203.96	173.89
EBIT	883.2	811.2	818.81	636.58	543.61	518.38
EBIT Margin	17.24%	16.90%	17.52%	16.30%	14.98%	15.45%
Effective Tax Rate	15.25%	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