SHE:002293 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	4,860	4,796	4,514	5,251	5,256	5,708
Other Revenue	43.08	43.08	44.96	64.29	57.41	52.12
Revenue	4,903	4,839	4,559	5,315	5,314	5,760
Revenue Growth (YoY)	7.39%	6.13%	-14.22%	0.03%	-7.75%	17.30%
Cost of Revenue	2,475	2,482	2,467	2,961	3,070	3,294
Gross Profit	2,428	2,356	2,092	2,355	2,244	2,466
Selling, General & Admin	1,707	1,667	1,512	1,634	1,504	1,529
Research & Development	96.38	95.75	85.82	102.45	103.88	118.71
Other Operating Expenses	35.4	32.86	23.2	37.94	36.45	35.72
Operating Expenses	1,834	1,791	1,668	1,770	1,654	1,692
Operating Income	593.69	565.69	424.15	584.28	590.33	774.88
Interest Expense	-16.34	-16.97	-27.03	-29.15	-18.44	-15
Interest & Investment Income	68.32	60.46	62.21	70.08	66.07	68.58
Currency Exchange Gain (Loss)	-0.11	-0.11	0.46	2.54	-1.21	-0.6
Other Non Operating Income (Expenses)	-14.09	-6.88	-6.31	-4.93	-3.78	-6.1
EBT Excluding Unusual Items	631.47	602.2	453.49	622.82	632.97	821.76
Impairment of Goodwill	-19.38	-19.38	-1.95	-1.92	-1.89	-1.75
Gain (Loss) on Sale of Investments	1.67	0.25	-0.59	-4.04	1.36	3.26
Gain (Loss) on Sale of Assets	0.9	1.18	10.96	1.18	0.33	-0.41
Asset Writedown	6.3	-1.58	-2.48	-2.39	-3.8	-1.61
Other Unusual Items	41.79	39.32	17.92	57.97	38.08	32.56
Pretax Income	662.75	621.99	477.35	673.63	667.04	853.8
Income Tax Expense	108.55	102.19	46.97	102.72	86.28	135.22
Earnings From Continuing Operations	554.2	519.79	430.38	570.9	580.76	718.58
Minority Interest in Earnings	0.17	0.07	2.47	1.54	0.02	-5.36
Net Income	554.38	519.86	432.85	572.44	580.78	713.21
Net Income to Common	554.38	519.86	432.85	572.44	580.78	713.21
Net Income Growth	21.47%	20.10%	-24.39%	-1.44%	-18.57%	21.92%
Shares Outstanding (Basic)	832	831	831	837	838	830
Shares Outstanding (Diluted)	839	838	831	837	838	835
Shares Change (YoY)	1.03%	0.89%	-0.75%	-0.14%	0.45%	0.72%
EPS (Basic)	0.67	0.63	0.52	0.68	0.69	0.86
EPS (Diluted)	0.66	0.62	0.52	0.68	0.69	0.85
EPS Growth	20.23%	19.04%	-23.81%	-1.30%	-18.93%	21.05%
Free Cash Flow	650.35	853.24	516.71	691.07	219.31	579.35
Free Cash Flow Per Share	0.78	1.02	0.62	0.82	0.26	0.69
Dividend Per Share	0.620	0.620	0.600	0.400	0.600	1.200
Dividend Growth	3.33%	3.33%	50.00%	-33.33%	-50.00%	100.00%
Gross Margin	49.51%	48.70%	45.88%	44.30%	42.23%	42.82%
Operating Margin	12.11%	11.69%	9.30%	10.99%	11.11%	13.45%
Profit Margin	11.31%	10.74%	9.49%	10.77%	10.93%	12.38%
Free Cash Flow Margin	13.26%	17.63%	11.33%	13.00%	4.13%	10.06%
EBITDA	658.26	631.49	494.83	653.62	661.42	843.3
EBITDA Margin	13.43%	13.05%	10.85%	12.30%	12.45%	14.64%
D&A For EBITDA	64.58	65.8	70.68	69.34	71.09	68.42
EBIT	593.69	565.69	424.15	584.28	590.33	774.88
EBIT Margin	12.11%	11.69%	9.30%	10.99%	11.11%	13.45%
Effective Tax Rate	16.38%	16.43%	9.84%	15.25%	12.93%	15.84%
Revenue as Reported	4,903	4,839	4,559	5,315	5,314	5,760
Advertising Expenses	-	635.22	495.28	290.46	247.03	280.63

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