SHE:002332 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	3,641	3,731	3,980	4,079	4,358	4,335
Other Revenue	28.43	28.43	21.17	43.96	21.52	22.46
Revenue	3,669	3,759	4,001	4,123	4,380	4,357
Revenue Growth (YoY)	-7.60%	-6.04%	-2.98%	-5.85%	0.52%	8.42%
Cost of Revenue	1,419	1,497	1,744	1,972	1,865	1,848
Gross Profit	2,250	2,262	2,256	2,152	2,515	2,509
Selling, General & Admin	1,538	1,498	1,344	1,271	1,532	1,560
Research & Development	301.98	303.75	265.17	261	266.77	243.37
Other Operating Expenses	26.59	26.13	19.26	22.04	32.92	32.73
Operating Expenses	1,870	1,833	1,639	1,547	1,836	1,836
Operating Income	380.35	428.98	617.42	604.79	678.81	672.92
Interest Expense	-5.22	-4.64	-3.13	-3.37	-6.29	-23.1
Interest & Investment Income	15.4	16.73	29.48	38.28	76.54	43.19
Currency Exchange Gain (Loss)	-2.98	-2.98	10.57	-9.32	11.8	17.44
Other Non Operating Income (Expenses)	-8.12	-3.53	-2.7	-5.53	-11.25	-5.26
EBT Excluding Unusual Items	379.43	434.55	651.63	624.85	749.6	705.19
Gain (Loss) on Sale of Investments	-26.2	-26.41	-8.14	-8.97	-0	0.64
Gain (Loss) on Sale of Assets	45.82	46.3	0.28	-1.48	91.62	14.51
Asset Writedown	-1.76	-1.76	-1.31	-0.42	-0.91	-1.68
Other Unusual Items	16.45	10.64	-170.81	27.7	31.58	11.2
Pretax Income	486.26	535.84	498.33	641.68	871.89	729.87
Income Tax Expense	81.46	83.24	98.4	79.56	124.49	108.6
Earnings From Continuing Operations	404.81	452.6	399.92	562.12	747.4	621.26
Minority Interest in Earnings	-5.27	-2.96	-2.74	0.97	2.01	-1.94
Net Income	399.54	449.64	397.18	563.08	749.41	619.33
Net Income to Common	399.54	449.64	397.18	563.08	749.41	619.33
Net Income Growth	2.44%	13.21%	-29.46%	-24.86%	21.00%	22.76%
Shares Outstanding (Basic)	999	999	993	988	989	989
Shares Outstanding (Diluted)	999	999	993	988	989	989
Shares Change (YoY)	0.64%	0.63%	0.51%	-0.13%	0.00%	7.84%
EPS (Basic)	0.40	0.45	0.40	0.57	0.76	0.63
EPS (Diluted)	0.40	0.45	0.40	0.57	0.76	0.63
EPS Growth	1.78%	12.50%	-29.83%	-24.76%	21.00%	13.84%
Free Cash Flow	181.24	38.4	191.07	360.85	326.74	409.31
Free Cash Flow Per Share	0.18	0.04	0.19	0.36	0.33	0.41
Dividend Per Share	0.300	0.300	0.300	0.300	0.300	0.150
Dividend Growth	-	-	-	-	100.00%	-
Gross Margin	61.32%	60.18%	56.40%	52.18%	57.42%	57.58%
Operating Margin	10.37%	11.41%	15.43%	14.67%	15.50%	15.44%
Profit Margin	10.89%	11.96%	9.93%	13.66%	17.11%	14.21%
Free Cash Flow Margin	4.94%	1.02%	4.78%	8.75%	7.46%	9.39%
EBITDA	593.08	643.22	837.73	816.24	866.26	857.11
EBITDA Margin	16.16%	17.11%	20.94%	19.79%	19.78%	19.67%
D&A For EBITDA	212.73	214.24	220.31	211.45	187.46	184.19
EBIT	380.35	428.98	617.42	604.79	678.81	672.92
EBIT Margin	10.37%	11.41%	15.43%	14.67%	15.50%	15.44%
Effective Tax Rate	16.75%	15.53%	19.75%	12.40%	14.28%	14.88%
Revenue as Reported	3,669	3,759	4,001	4,123	4,380	4,357
Advertising Expenses	-	860	712.54	685.06	991.03	1,035

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