SHE:002349 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	1,462	1,446	1,388	1,496	1,550	1,336
Other Revenue	13.85	13.85	13.63	15.41	22.58	21.41
Revenue	1,476	1,460	1,402	1,512	1,573	1,358
Revenue Growth (YoY)	5.56%	4.13%	-7.25%	-3.90%	15.85%	5.97%
Cost of Revenue	707.44	713.15	719.73	781.18	847.06	739.21
Gross Profit	768.74	746.8	682.36	730.58	726	618.66
Selling, General & Admin	398.23	394.33	366.72	346.78	401.01	352.64
Research & Development	68.78	64.99	61.79	64.62	86.98	74.76
Other Operating Expenses	20.96	20.04	17.48	17.77	22.39	20.17
Operating Expenses	489.76	479.82	449.36	431.89	514.64	462.16
Operating Income	278.98	266.98	233	298.69	211.36	156.51
Interest Expense	-0.46	-0.57	-1.34	-2.57	-6.79	-12.94
Interest & Investment Income	30.61	30.3	48.38	23.87	39.71	14.16
Currency Exchange Gain (Loss)	-2.55	-2.55	2.34	2.35	6.86	-1.48
Other Non Operating Income (Expenses)	-2.3	-0.21	-0.3	0.43	-1.24	1.45
EBT Excluding Unusual Items	304.29	293.96	282.09	322.76	249.9	157.7
Gain (Loss) on Sale of Investments	4.71	4.17	3.82	6.83	4.99	31.44
Gain (Loss) on Sale of Assets	-0.03	-0.01	-0.2	-0.09	-0.06	-0.58
Asset Writedown	-1	-1.14	-2.13	-4.52	-16.96	-16.7
Other Unusual Items	6.62	6.62	9.75	4.71	12.34	7.03
Pretax Income	314.59	303.61	293.32	329.7	250.21	178.89
Income Tax Expense	42.52	41.77	45.85	53.23	37.92	38.93
Earnings From Continuing Operations	272.07	261.84	247.47	276.47	212.29	139.96
Minority Interest in Earnings	-49.13	-42.55	-34.81	-28.77	-0.06	20.74
Net Income	222.94	219.28	212.65	247.7	212.23	160.7
Net Income to Common	222.94	219.28	212.65	247.7	212.23	160.7
Net Income Growth	9.40%	3.12%	-14.15%	16.71%	32.06%	44.79%
Shares Outstanding (Basic)	819	819	814	814	814	814
Shares Outstanding (Diluted)	820	819	814	814	814	814
Shares Change (YoY)	0.66%	0.58%	-0.01%	0.02%	-0.00%	-0.03%
EPS (Basic)	0.27	0.27	0.26	0.30	0.26	0.20
EPS (Diluted)	0.27	0.27	0.26	0.30	0.26	0.20
EPS Growth	8.68%	2.53%	-14.13%	16.69%	32.07%	44.83%
Free Cash Flow	293.79	320.54	280.1	262.93	296.8	225.02
Free Cash Flow Per Share	0.36	0.39	0.34	0.32	0.36	0.28
Dividend Per Share	0.090	0.090	0.080	0.092	0.080	0.060
Dividend Growth	12.50%	12.50%	-13.04%	15.00%	33.33%	46.34%
Gross Margin	52.08%	51.15%	48.67%	48.33%	46.15%	45.56%
Operating Margin	18.90%	18.29%	16.62%	19.76%	13.44%	11.53%
Profit Margin	15.10%	15.02%	15.17%	16.38%	13.49%	11.83%
Free Cash Flow Margin	19.90%	21.96%	19.98%	17.39%	18.87%	16.57%
EBITDA	359.49	346.42	308.14	382.89	319.43	257.8
EBITDA Margin	24.35%	23.73%	21.98%	25.33%	20.31%	18.99%
D&A For EBITDA	80.51	79.43	75.14	84.21	108.07	101.29
EBIT	278.98	266.98	233	298.69	211.36	156.51
EBIT Margin	18.90%	18.29%	16.62%	19.76%	13.44%	11.53%
Effective Tax Rate	13.52%	13.76%	15.63%	16.14%	15.16%	21.76%
Revenue as Reported	1,476	1,460	1,402	1,512	1,573	1,358
Advertising Expenses	-	9.31	13.69	13.65	7.27	11.6

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