SHE:002349 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	1,460	1,388	1,496	1,550	1,336
Other Revenue	-	13.63	15.41	22.58	21.41
Revenue	1,460	1,402	1,512	1,573	1,358
Revenue Growth (YoY)	4.13%	-7.25%	-3.90%	15.85%	5.97%
Cost of Revenue	702.4	719.73	781.18	847.06	739.21
Gross Profit	757.56	682.36	730.58	726	618.66
Selling, General & Admin	394.33	366.72	346.78	401.01	352.64
Research & Development	64.99	61.79	64.62	86.98	74.76
Other Operating Expenses	13.88	17.48	17.77	22.39	20.17
Operating Expenses	473.65	449.36	431.89	514.64	462.16
Operating Income	283.91	233	298.69	211.36	156.51
Interest Expense	-0.57	-1.34	-2.57	-6.79	-12.94
Interest & Investment Income	30.3	48.38	23.87	39.71	14.16
Currency Exchange Gain (Loss)	-	2.34	2.35	6.86	-1.48
Other Non Operating Income (Expenses)	-3.44	-0.3	0.43	-1.24	1.45
EBT Excluding Unusual Items	310.19	282.09	322.76	249.9	157.7
Gain (Loss) on Sale of Investments	4.17	3.82	6.83	4.99	31.44
Gain (Loss) on Sale of Assets	-0.01	-0.2	-0.09	-0.06	-0.58
Asset Writedown	-10.75	-2.13	-4.52	-16.96	-16.7
Other Unusual Items	-	9.75	4.71	12.34	7.03
Pretax Income	303.61	293.32	329.7	250.21	178.89
Income Tax Expense	41.77	45.85	53.23	37.92	38.93
Earnings From Continuing Operations	261.84	247.47	276.47	212.29	139.96
Minority Interest in Earnings	-42.55	-34.81	-28.77	-0.06	20.74
Net Income	219.28	212.65	247.7	212.23	160.7
Net Income to Common	219.28	212.65	247.7	212.23	160.7
Net Income Growth	3.12%	-14.15%	16.71%	32.06%	44.79%
Shares Outstanding (Basic)	819	814	814	814	814
Shares Outstanding (Diluted)	819	814	814	814	814
Shares Change (YoY)	0.58%	-0.01%	0.02%	-0.00%	-0.03%
EPS (Basic)	0.27	0.26	0.30	0.26	0.20
EPS (Diluted)	0.27	0.26	0.30	0.26	0.20
EPS Growth	2.53%	-14.13%	16.69%	32.07%	44.83%
Free Cash Flow	320.54	280.1	262.93	296.8	225.02
Free Cash Flow Per Share	0.39	0.34	0.32	0.36	0.28
Dividend Per Share	-	0.079	0.092	0.080	0.060
Dividend Growth	-	-14.67%	15.00%	33.33%	46.34%
Gross Margin	51.89%	48.67%	48.33%	46.15%	45.56%
Operating Margin	19.45%	16.62%	19.76%	13.44%	11.53%
Profit Margin	15.02%	15.17%	16.38%	13.49%	11.83%
Free Cash Flow Margin	21.96%	19.98%	17.39%	18.87%	16.57%
EBITDA	363.51	307.95	382.89	319.43	257.8
EBITDA Margin	24.90%	21.96%	25.33%	20.31%	18.99%
D&A For EBITDA	79.6	74.94	84.21	108.07	101.29
EBIT	283.91	233	298.69	211.36	156.51
EBIT Margin	19.45%	16.62%	19.76%	13.44%	11.53%
Effective Tax Rate	13.76%	15.63%	16.14%	15.16%	21.76%
Revenue as Reported	1,460	1,402	1,512	1,573	1,358
Advertising Expenses	-	13.69	13.65	7.27	11.6

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