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	Jun '26 Jun 30, 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	1,469	1,446	1,388	1,496	1,550	1,336
Other Revenue	14.79	13.85	13.63	15.41	22.58	21.41
Revenue	1,483	1,460	1,402	1,512	1,573	1,358
Revenue Growth	4.96%	4.13%	-7.25%	-3.90%	15.85%	5.97%
Cost of Revenue	719.22	713.15	719.73	781.18	847.06	739.21
Gross Profit	764.09	746.8	682.36	730.58	726	618.66
Selling, General & Admin	384.96	394.33	366.72	346.78	401.01	352.64
Research & Development	66.35	64.99	61.79	64.62	86.98	74.76
Other Operating Expenses	21.58	20.04	17.48	17.77	22.39	20.17
Operating Expenses	474.2	479.82	449.36	431.89	514.64	462.16
Operating Income	289.9	266.98	233	298.69	211.36	156.51
Interest Expense	-0.63	-0.57	-1.34	-2.57	-6.79	-12.94
Interest & Investment Income	27.43	30.3	48.38	23.87	39.71	14.16
Currency Exchange Gain (Loss)	-6.16	-2.55	2.34	2.35	6.86	-1.48
Other Non Operating Income (Expenses)	-1.17	-0.21	-0.3	0.43	-1.24	1.45
EBT Excluding Unusual Items	309.36	293.96	282.09	322.76	249.9	157.7
Gain (Loss) on Sale of Investments	4.91	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	-1.32	-1.14	-2.13	-4.52	-16.96	-16.7
Other Unusual Items	8.34	6.62	9.75	4.71	12.34	7.03
Pretax Income	321.26	303.61	293.32	329.7	250.21	178.89
Income Tax Expense	45.86	41.77	45.85	53.23	37.92	38.93
Earnings From Continuing Operations	275.4	261.84	247.47	276.47	212.29	139.96
Minority Interest in Earnings	-50.63	-42.55	-34.81	-28.77	-0.06	20.74
Net Income	224.77	219.28	212.65	247.7	212.23	160.7
Net Income to Common	224.77	219.28	212.65	247.7	212.23	160.7
Net Income Growth	8.13%	3.12%	-14.15%	16.71%	32.06%	44.79%
Shares Outstanding (Basic)	819	819	814	814	814	814
Shares Outstanding (Diluted)	821	819	814	814	814	814
Shares Change	0.85%	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	7.22%	2.53%	-14.13%	16.69%	32.07%	44.83%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	298.29	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	51.51%	51.15%	48.67%	48.33%	46.15%	45.56%
Operating Margin	19.54%	18.29%	16.62%	19.76%	13.44%	11.53%
Profit Margin	15.15%	15.02%	15.17%	16.38%	13.49%	11.83%
Free Cash Flow Margin	20.11%	21.96%	19.98%	17.39%	18.87%	16.57%
EBITDA	368.39	346.42	308.14	382.89	319.43	257.8
EBITDA Margin	24.84%	23.73%	21.98%	25.33%	20.31%	18.99%
D&A For EBITDA	78.49	79.43	75.14	84.21	108.07	101.29
EBIT	289.9	266.98	233	298.69	211.36	156.51
EBIT Margin	19.54%	18.29%	16.62%	19.76%	13.44%	11.53%
Effective Tax Rate	14.28%	13.76%	15.63%	16.14%	15.16%	21.76%
Revenue as Reported	1,483	1,460	1,402	1,512	1,573	1,358
Advertising Expenses	-	9.31	13.69	13.65	7.27	11.6