SHE:002393 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	1,351	1,389	1,332	1,145	1,141	1,087
Other Revenue	3.36	3.36	4.01	7.7	6.05	4.67
Revenue	1,354	1,392	1,336	1,153	1,147	1,092
Revenue Growth (YoY)	0.99%	4.18%	15.88%	0.56%	5.00%	-4.29%
Cost of Revenue	638.13	644.93	624.04	487.97	510.51	473.95
Gross Profit	716.32	747.08	712.11	665.06	636.08	618
Selling, General & Admin	485.5	520.47	500.39	424.61	448.45	466.29
Research & Development	102.15	112.93	122.1	102.48	102.26	100.82
Other Operating Expenses	20.17	20.62	20.19	19.64	24.1	22.33
Operating Expenses	607.43	653.62	642.7	546.47	575.03	589.34
Operating Income	108.89	93.46	69.41	118.6	61.05	28.66
Interest Expense	-2.25	-2.25	-2.66	-0.75	-0.88	-0.32
Interest & Investment Income	378.51	376.29	147.31	76.03	91.93	106.85
Currency Exchange Gain (Loss)	-0.02	-0.02	0.01	0.01	0.11	-0.06
Other Non Operating Income (Expenses)	-23.25	-0.16	-0.7	2.23	-2.16	-0.18
EBT Excluding Unusual Items	461.87	467.32	213.37	196.12	150.05	134.95
Merger & Restructuring Charges	-	-	-	-4.99	-	-
Gain (Loss) on Sale of Investments	2.45	2.11	2.9	0.62	0.28	-
Gain (Loss) on Sale of Assets	0.3	0.25	-0.1	238.7	-34.82	-
Asset Writedown	-4.08	-4.08	-0.3	-15.27	-1.2	-1.61
Other Unusual Items	-9.99	-9.99	0.07	5.02	4.05	3.78
Pretax Income	450.55	455.61	215.95	420.21	118.36	137.12
Income Tax Expense	31.33	32.88	29.99	58.39	24.76	15.01
Earnings From Continuing Operations	419.22	422.73	185.96	361.83	93.61	122.11
Minority Interest in Earnings	-6.33	-6.44	-1.43	-	-	-
Net Income	412.89	416.28	184.53	361.83	93.61	122.11
Net Income to Common	412.89	416.28	184.53	361.83	93.61	122.11
Net Income Growth	128.56%	125.59%	-49.00%	286.54%	-23.34%	1317.31%
Shares Outstanding (Basic)	307	308	308	310	308	306
Shares Outstanding (Diluted)	307	308	308	310	308	306
Shares Change (YoY)	-0.70%	0.26%	-0.83%	0.59%	0.70%	5.91%
EPS (Basic)	1.34	1.35	0.60	1.17	0.30	0.40
EPS (Diluted)	1.34	1.35	0.60	1.17	0.30	0.40
EPS Growth	130.17%	125.00%	-48.57%	284.29%	-23.87%	1238.26%
Free Cash Flow	214.7	210.04	34.51	138.29	290.47	108.1
Free Cash Flow Per Share	0.70	0.68	0.11	0.45	0.94	0.35
Dividend Per Share	0.750	0.750	0.292	0.357	0.179	0.179
Dividend Growth	157.11%	157.11%	-18.31%	99.94%	-	200.17%
Gross Margin	52.89%	53.67%	53.30%	57.68%	55.48%	56.60%
Operating Margin	8.04%	6.71%	5.20%	10.29%	5.32%	2.62%
Profit Margin	30.48%	29.90%	13.81%	31.38%	8.16%	11.18%
Free Cash Flow Margin	15.85%	15.09%	2.58%	11.99%	25.33%	9.90%
EBITDA	181.28	167.03	147.7	185.03	126.25	87.94
EBITDA Margin	13.38%	12.00%	11.05%	16.05%	11.01%	8.05%
D&A For EBITDA	72.39	73.57	78.29	66.43	65.2	59.28
EBIT	108.89	93.46	69.41	118.6	61.05	28.66
EBIT Margin	8.04%	6.71%	5.20%	10.29%	5.32%	2.62%
Effective Tax Rate	6.95%	7.22%	13.89%	13.89%	20.92%	10.95%
Revenue as Reported	1,392	1,392	1,336	1,153	1,147	1,092
Advertising Expenses	-	247.48	266.99	253.43	264.36	283.37

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