SHE:002046 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	Jan '22 Jan 1, 2022
Operating Revenue	2,924	2,985	2,626	2,741	3,392	3,282
Other Revenue	34.12	34.12	31.8	42.87	44.34	46.36
Revenue	2,958	3,019	2,658	2,784	3,436	3,328
Revenue Growth (YoY)	8.57%	13.59%	-4.53%	-18.98%	3.25%	41.30%
Cost of Revenue	1,968	2,011	1,734	1,886	2,635	2,701
Gross Profit	989.62	1,008	923.88	897.41	801.3	626.44
Selling, General & Admin	438.77	426.2	382.73	364.33	322.69	306.69
Research & Development	280.29	256.1	221	223.12	200.32	161.17
Other Operating Expenses	-70.01	-66.48	-52.32	26.67	27.4	25.02
Operating Expenses	738.26	705.04	608.51	685.41	598.86	507.15
Operating Income	251.35	302.88	315.36	212	202.44	119.29
Interest Expense	-21.58	-21.58	-20.33	-26.99	-30.19	-26.79
Interest & Investment Income	12	51.19	9.8	5.24	6.95	4.47
Currency Exchange Gain (Loss)	-2.33	-2.33	3.31	-1.5	15.93	-4.89
Other Non Operating Income (Expenses)	-23.73	-8.68	-6.23	-5.58	-2.2	-5.63
EBT Excluding Unusual Items	215.72	321.49	301.91	183.18	192.94	86.45
Impairment of Goodwill	-5.13	-5.13	-	-	-	-17.4
Gain (Loss) on Sale of Investments	31.04	22.78	33.33	-5.95	-25.01	-5.72
Gain (Loss) on Sale of Assets	6.47	6.64	0.76	0.79	0.58	0.51
Asset Writedown	1.77	0.54	-4.49	-4.19	-6.07	-0.21
Other Unusual Items	2.47	2.47	1.48	131.58	91.75	95.6
Pretax Income	252.35	348.78	332.98	305.41	254.2	159.23
Income Tax Expense	11.64	23.52	42.89	35.06	15.91	27.78
Earnings From Continuing Operations	240.71	325.26	290.09	270.35	238.29	131.46
Minority Interest in Earnings	-77.93	-64.92	-10.28	-11.54	-5.04	-4.07
Net Income	162.78	260.34	279.8	258.8	233.25	127.38
Net Income to Common	162.78	260.34	279.8	258.8	233.25	127.38
Net Income Growth	-42.43%	-6.96%	8.11%	10.96%	83.11%	104.55%
Shares Outstanding (Basic)	534	533	526	526	525	524
Shares Outstanding (Diluted)	534	533	526	526	525	524
Shares Change (YoY)	1.27%	1.25%	0.06%	0.11%	0.20%	0.04%
EPS (Basic)	0.30	0.49	0.53	0.49	0.44	0.24
EPS (Diluted)	0.30	0.49	0.53	0.49	0.44	0.24
EPS Growth	-43.16%	-8.11%	8.05%	10.84%	82.75%	104.46%
Free Cash Flow	-741.97	-849.47	-137.57	151.37	66.87	-32.85
Free Cash Flow Per Share	-1.39	-1.59	-0.26	0.29	0.13	-0.06
Dividend Per Share	0.196	0.196	0.210	0.200	0.177	0.102
Dividend Growth	-6.67%	-6.67%	5.00%	12.99%	73.53%	126.67%
Gross Margin	33.46%	33.39%	34.76%	32.24%	23.32%	18.82%
Operating Margin	8.50%	10.03%	11.87%	7.62%	5.89%	3.58%
Profit Margin	5.50%	8.62%	10.53%	9.30%	6.79%	3.83%
Free Cash Flow Margin	-25.09%	-28.14%	-5.18%	5.44%	1.95%	-0.99%
EBITDA	427.15	476.18	478.68	361.26	351.51	245.98
EBITDA Margin	14.44%	15.77%	18.01%	12.98%	10.23%	7.39%
D&A For EBITDA	175.8	173.3	163.32	149.26	149.07	126.68
EBIT	251.35	302.88	315.36	212	202.44	119.29
EBIT Margin	8.50%	10.03%	11.87%	7.62%	5.89%	3.58%
Effective Tax Rate	4.61%	6.74%	12.88%	11.48%	6.26%	17.45%
Revenue as Reported	3,019	3,019	2,658	2,784	3,436	3,328
Advertising Expenses	-	2.69	1.9	1.51	0.94	0.54

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