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	Sep '26 Sep 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	1,464	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	1,477	1,460	1,402	1,512	1,573	1,358
Revenue Growth	1.95%	4.13%	-7.25%	-3.90%	15.85%	5.97%
Cost of Revenue	715.55	713.15	719.73	781.18	847.06	739.21
Gross Profit	761.89	746.8	682.36	730.58	726	618.66
Selling, General & Admin	374.51	394.33	366.72	346.78	401.01	352.64
Research & Development	70	64.99	61.79	64.62	86.98	74.76
Other Operating Expenses	18.71	20.04	17.48	17.77	22.39	20.17
Operating Expenses	464.33	479.82	449.36	431.89	514.64	462.16
Operating Income	297.56	266.98	233	298.69	211.36	156.51
Interest Expense	-0.81	-0.57	-1.34	-2.57	-6.79	-12.94
Interest & Investment Income	27.02	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)	-5.66	-0.21	-0.3	0.43	-1.24	1.45
EBT Excluding Unusual Items	315.56	293.96	282.09	322.76	249.9	157.7
Gain (Loss) on Sale of Investments	4.34	4.17	3.82	6.83	4.99	31.44
Gain (Loss) on Sale of Assets	-0.1	-0.01	-0.2	-0.09	-0.06	-0.58
Asset Writedown	-0.94	-1.14	-2.13	-4.52	-16.96	-16.7
Other Unusual Items	7.66	6.62	9.75	4.71	12.34	7.03
Pretax Income	326.52	303.61	293.32	329.7	250.21	178.89
Income Tax Expense	43.92	41.77	45.85	53.23	37.92	38.93
Earnings From Continuing Operations	282.6	261.84	247.47	276.47	212.29	139.96
Minority Interest in Earnings	-49.98	-42.55	-34.81	-28.77	-0.06	20.74
Net Income	232.62	219.28	212.65	247.7	212.23	160.7
Net Income to Common	232.62	219.28	212.65	247.7	212.23	160.7
Net Income Growth	3.48%	3.12%	-14.15%	16.71%	32.06%	44.79%
Shares Outstanding (Basic)	814	819	814	814	814	814
Shares Outstanding (Diluted)	817	819	814	814	814	814
Shares Change	-0.27%	0.58%	-0.01%	0.02%	-0.00%	-0.03%
EPS (Basic)	0.29	0.27	0.26	0.30	0.26	0.20
EPS (Diluted)	0.28	0.27	0.26	0.30	0.26	0.20
EPS Growth	3.76%	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	Sep '26 Sep 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	259.96	320.54	280.1	262.93	296.8	225.02
Free Cash Flow Per Share	0.32	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	51.57%	51.15%	48.67%	48.33%	46.15%	45.56%
Operating Margin	20.14%	18.29%	16.62%	19.76%	13.44%	11.53%
Profit Margin	15.75%	15.02%	15.17%	16.38%	13.49%	11.83%
Free Cash Flow Margin	17.59%	21.96%	19.98%	17.39%	18.87%	16.57%
EBITDA	380.22	346.42	308.14	382.89	319.43	257.8
EBITDA Margin	25.74%	23.73%	21.98%	25.33%	20.31%	18.99%
D&A For EBITDA	82.66	79.43	75.14	84.21	108.07	101.29
EBIT	297.56	266.98	233	298.69	211.36	156.51
EBIT Margin	20.14%	18.29%	16.62%	19.76%	13.44%	11.53%
Effective Tax Rate	13.45%	13.76%	15.63%	16.14%	15.16%	21.76%
Revenue as Reported	1,477	1,460	1,402	1,512	1,573	1,358
Advertising Expenses	-	9.31	13.69	13.65	7.27	11.6