SHE:002275 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,046	2,192	2,168	1,954	1,739
Other Revenue	-	1.76	3.66	5.27	2.71
Revenue	2,046	2,194	2,172	1,960	1,741
Revenue Growth (YoY)	-6.76%	1.03%	10.81%	12.55%	11.15%
Cost of Revenue	490.41	610.47	602.57	574.37	457.04
Gross Profit	1,555	1,584	1,569	1,385	1,284
Selling, General & Admin	817.78	888.26	920.66	812.68	722.13
Research & Development	160.04	173.29	158.06	217.04	201.6
Other Operating Expenses	9.36	32.28	29.89	36.09	32.8
Operating Expenses	987.18	1,103	1,109	1,070	957.81
Operating Income	568.15	480.47	460.41	315.65	326.37
Interest Expense	-	-13.84	-16.36	-20.24	-18.21
Interest & Investment Income	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)	-26.17	-0.25	0.05	-0.58	-1.23
EBT Excluding Unusual Items	547.22	500.97	477.2	331.89	347.31
Gain (Loss) on Sale of Investments	7.71	4.65	1.19	0.16	1.77
Gain (Loss) on Sale of Assets	0.15	83.36	1.67	31.26	15.5
Asset Writedown	-18.16	-0.86	-0.17	-1.02	-8.12
Other Unusual Items	-	55.82	38.39	83.89	72.61
Pretax Income	536.93	643.93	518.28	446.18	429.06
Income Tax Expense	103.79	122.4	96.99	116.65	85.34
Net Income	433.13	521.53	421.3	329.53	343.72
Net Income to Common	433.13	521.53	421.3	329.53	343.72
Net Income Growth	-16.95%	23.79%	27.85%	-4.13%	24.08%
Shares Outstanding (Basic)	585	586	585	588	573
Shares Outstanding (Diluted)	585	586	585	588	573
Shares Change (YoY)	-0.11%	0.15%	-0.56%	2.72%	-0.74%
EPS (Basic)	0.74	0.89	0.72	0.56	0.60
EPS (Diluted)	0.74	0.89	0.72	0.56	0.60
EPS Growth	-16.85%	23.61%	28.57%	-6.67%	25.00%
Free Cash Flow	621.18	506.16	472.85	466.4	266.15
Free Cash Flow Per Share	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	76.03%	72.17%	72.25%	70.69%	73.75%
Operating Margin	27.77%	21.90%	21.20%	16.11%	18.74%
Profit Margin	21.17%	23.77%	19.40%	16.81%	19.74%
Free Cash Flow Margin	30.36%	23.07%	21.77%	23.80%	15.29%
EBITDA	654.91	571.42	575.53	412.21	412.97
EBITDA Margin	32.01%	26.05%	26.50%	21.03%	23.72%
D&A For EBITDA	86.76	90.95	115.12	96.55	86.6
EBIT	568.15	480.47	460.41	315.65	326.37
EBIT Margin	27.77%	21.90%	21.20%	16.11%	18.74%
Effective Tax Rate	19.33%	19.01%	18.71%	26.15%	19.89%
Revenue as Reported	-	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.