SHE:002252 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	6,843	7,340	8,174	7,962	6,566	4,285
Other Revenue	8.43	8.43	2.85	1.57	1.32	3.01
Revenue	6,852	7,348	8,176	7,964	6,567	4,288
Revenue Growth (YoY)	-15.68%	-10.13%	2.67%	21.27%	53.16%	55.26%
Cost of Revenue	4,372	4,658	4,872	4,735	3,678	2,069
Gross Profit	2,480	2,690	3,304	3,229	2,889	2,219
Selling, General & Admin	829.32	803.9	867.79	712.75	706.48	616.64
Research & Development	234.73	223.37	250.9	173.74	145.71	129.02
Other Operating Expenses	50.95	46.54	48.66	31.49	32.81	23.05
Operating Expenses	1,121	1,094	1,211	912.68	900.18	756.75
Operating Income	1,359	1,596	2,093	2,316	1,989	1,462
Interest Expense	-64.7	-44.11	-0.22	-0.12	-0.26	-0.47
Interest & Investment Income	408.76	422.59	634.16	135.38	510.69	466.09
Currency Exchange Gain (Loss)	16.79	16.79	-85.01	-43.34	-56.55	11.28
Other Non Operating Income (Expenses)	-7.86	-11.27	-0.08	-0.42	-1.42	-1.91
EBT Excluding Unusual Items	1,687	1,980	2,642	2,408	2,441	1,937
Impairment of Goodwill	-94.02	-94.02	-	-	-197.02	-361.19
Gain (Loss) on Sale of Investments	-	-	-	-196.89	18.38	-42.76
Gain (Loss) on Sale of Assets	21.13	21.16	-1.61	-0.01	0.23	-1.35
Asset Writedown	3.97	0.07	-13.23	-4.31	-2.47	-9.26
Other Unusual Items	-7.08	-1.73	-7.07	-2.52	13.11	16.54
Pretax Income	1,611	1,906	2,620	2,204	2,274	1,539
Income Tax Expense	284.98	328.93	426.31	426.65	400.61	250.09
Earnings From Continuing Operations	1,326	1,577	2,194	1,777	1,873	1,289
Minority Interest in Earnings	0.56	0.42	-0.5	2.04	7.09	5.56
Net Income	1,327	1,577	2,193	1,779	1,880	1,295
Net Income to Common	1,327	1,577	2,193	1,779	1,880	1,295
Net Income Growth	-33.75%	-28.10%	23.25%	-5.35%	45.24%	-2.21%
Shares Outstanding (Basic)	6,558	6,578	6,617	6,591	6,741	6,741
Shares Outstanding (Diluted)	6,563	6,583	6,617	6,591	6,741	6,741
Shares Change (YoY)	-0.89%	-0.51%	0.39%	-2.23%	-	5.28%
EPS (Basic)	0.20	0.24	0.33	0.27	0.28	0.19
EPS (Diluted)	0.20	0.24	0.33	0.27	0.28	0.19
EPS Growth	-32.77%	-27.35%	22.22%	-3.19%	46.80%	-8.09%
Free Cash Flow	-1,405	-713.52	-889.2	1,827	1,500	1,089
Free Cash Flow Per Share	-0.21	-0.11	-0.13	0.28	0.22	0.16
Dividend Per Share	0.048	0.048	0.070	0.030	0.030	0.028
Dividend Growth	-31.00%	-31.00%	133.33%	-	7.14%	12.00%
Gross Margin	36.19%	36.61%	40.41%	40.54%	43.99%	51.75%
Operating Margin	19.83%	21.72%	25.60%	29.09%	30.29%	34.10%
Profit Margin	19.36%	21.46%	26.82%	22.34%	28.63%	30.19%
Free Cash Flow Margin	-20.51%	-9.71%	-10.88%	22.94%	22.84%	25.41%
EBITDA	1,584	1,818	2,299	2,477	2,169	1,616
EBITDA Margin	23.13%	24.74%	28.11%	31.10%	33.03%	37.69%
D&A For EBITDA	225.76	221.71	205.52	160.39	180.33	154.07
EBIT	1,359	1,596	2,093	2,316	1,989	1,462
EBIT Margin	19.83%	21.72%	25.60%	29.09%	30.29%	34.10%
Effective Tax Rate	17.69%	17.26%	16.27%	19.36%	17.62%	16.25%
Revenue as Reported	-	-	-	7,964	6,567	4,288
Advertising Expenses	-	108.83	193.47	143.4	193.23	169.52

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