SHE:002275 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	2,104	2,046	2,192	2,168	1,954	1,739
Other Revenue	-	-	1.76	3.66	5.27	2.71
Revenue	2,104	2,046	2,194	2,172	1,960	1,741
Revenue Growth (YoY)	-3.38%	-6.76%	1.03%	10.81%	12.55%	11.15%
Cost of Revenue	479.79	490.41	610.47	602.57	574.37	457.04
Gross Profit	1,624	1,555	1,584	1,569	1,385	1,284
Selling, General & Admin	815.45	817.78	888.26	920.66	812.68	722.13
Research & Development	174.93	160.04	173.29	158.06	217.04	201.6
Other Operating Expenses	12.59	9.36	32.28	29.89	36.09	32.8
Operating Expenses	1,037	987.18	1,103	1,109	1,070	957.81
Operating Income	587.41	568.15	480.47	460.41	315.65	326.37
Interest Expense	-	-	-13.84	-16.36	-20.24	-18.21
Interest & Investment Income	7.13	5.25	34.4	33.17	40.64	39.8
Currency Exchange Gain (Loss)	-	-	0.19	-0.08	-3.59	0.57
Other Non Operating Income (Expenses)	-26.02	-26.17	-0.25	0.05	-0.58	-1.23
EBT Excluding Unusual Items	568.52	547.22	500.97	477.2	331.89	347.31
Gain (Loss) on Sale of Investments	8.76	7.71	4.65	1.19	0.16	1.77
Gain (Loss) on Sale of Assets	0.14	0.15	83.36	1.67	31.26	15.5
Asset Writedown	-18.16	-18.16	-0.86	-0.17	-1.02	-8.12
Other Unusual Items	-	-	55.82	38.39	83.89	72.61
Pretax Income	559.25	536.93	643.93	518.28	446.18	429.06
Income Tax Expense	106.58	103.79	122.4	96.99	116.65	85.34
Net Income	452.67	433.13	521.53	421.3	329.53	343.72
Net Income to Common	452.67	433.13	521.53	421.3	329.53	343.72
Net Income Growth	-13.99%	-16.95%	23.79%	27.85%	-4.13%	24.08%
Shares Outstanding (Basic)	588	585	586	585	588	573
Shares Outstanding (Diluted)	588	585	586	585	588	573
Shares Change (YoY)	0.56%	-0.11%	0.15%	-0.56%	2.72%	-0.74%
EPS (Basic)	0.77	0.74	0.89	0.72	0.56	0.60
EPS (Diluted)	0.77	0.74	0.89	0.72	0.56	0.60
EPS Growth	-14.48%	-16.85%	23.61%	28.57%	-6.67%	25.00%
Free Cash Flow	584.84	621.18	506.16	472.85	466.4	266.15
Free Cash Flow Per Share	0.99	1.06	0.86	0.81	0.79	0.47
Dividend Per Share	-	-	0.600	0.600	0.800	0.900
Dividend Growth	-	-	-	-25.00%	-11.11%	125.00%
Gross Margin	77.20%	76.03%	72.17%	72.25%	70.69%	73.75%
Operating Margin	27.91%	27.77%	21.90%	21.20%	16.11%	18.74%
Profit Margin	21.51%	21.17%	23.77%	19.40%	16.81%	19.74%
Free Cash Flow Margin	27.79%	30.36%	23.07%	21.77%	23.80%	15.29%
EBITDA	673.13	654.91	571.42	575.53	412.21	412.97
EBITDA Margin	31.99%	32.01%	26.05%	26.50%	21.03%	23.72%
D&A For EBITDA	85.71	86.76	90.95	115.12	96.55	86.6
EBIT	587.41	568.15	480.47	460.41	315.65	326.37
EBIT Margin	27.91%	27.77%	21.90%	21.20%	16.11%	18.74%
Effective Tax Rate	19.06%	19.33%	19.01%	18.71%	26.15%	19.89%
Revenue as Reported	58.55	-	2,194	2,172	1,960	1,741
Advertising Expenses	-	-	530.36	514.72	361.86	378.93

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