SHE:002469 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	2,503	2,587	2,542	2,646	2,589	2,572
Other Revenue	9.92	9.92	12.46	11.62	20.4	59.48
Revenue	2,513	2,597	2,554	2,657	2,610	2,631
Revenue Growth (YoY)	-2.73%	1.66%	-3.88%	1.82%	-0.82%	289.29%
Cost of Revenue	2,154	2,179	2,006	2,097	2,102	1,969
Gross Profit	358.88	417.46	548.22	560.88	508.1	662.36
Selling, General & Admin	139.98	140.32	138.35	126.97	116.3	119.23
Research & Development	95.46	101.38	111.8	114.17	101.82	103.01
Other Operating Expenses	1.57	2.98	3.68	5.07	9.16	14.71
Operating Expenses	232.96	240.64	249.51	252.27	211.16	232.25
Operating Income	125.91	176.82	298.71	308.6	296.94	430.11
Interest Expense	-0.44	-0.44	-	-0.06	-0.84	-1.7
Interest & Investment Income	38.54	40.08	43.56	34.44	34.26	28.97
Currency Exchange Gain (Loss)	-1.99	-1.99	0.73	0.18	0.35	-2.52
Other Non Operating Income (Expenses)	-9.81	-6.41	-9.94	-7.23	-13.91	-25.24
EBT Excluding Unusual Items	152.21	208.07	333.05	335.95	316.81	429.61
Impairment of Goodwill	-	-	-19.25	-	-	-
Gain (Loss) on Sale of Investments	-	-	1.63	0.4	0.21	-
Gain (Loss) on Sale of Assets	-0.04	-0.04	-11.03	0.02	0.09	0.11
Asset Writedown	-5.42	-0.71	-0.31	-0.68	-7.02	-0.65
Other Unusual Items	0.05	0.05	2.03	5.55	6.19	7.85
Pretax Income	146.79	207.36	306.12	341.24	316.28	436.92
Income Tax Expense	25.08	30.67	42.53	51.9	37.91	52.91
Earnings From Continuing Operations	121.72	176.69	263.58	289.34	278.37	384.01
Minority Interest in Earnings	12.26	9.78	-0.93	-7.15	-4.66	-6.52
Net Income	133.97	186.47	262.65	282.18	273.71	377.49
Net Income to Common	133.97	186.47	262.65	282.18	273.71	377.49
Net Income Growth	-47.79%	-29.00%	-6.92%	3.10%	-27.49%	1.21%
Shares Outstanding (Basic)	641	643	657	656	652	651
Shares Outstanding (Diluted)	641	643	657	656	652	651
Shares Change (YoY)	-2.34%	-2.07%	0.06%	0.70%	0.13%	27.38%
EPS (Basic)	0.21	0.29	0.40	0.43	0.42	0.58
EPS (Diluted)	0.21	0.29	0.40	0.43	0.42	0.58
EPS Growth	-46.54%	-27.50%	-6.98%	2.38%	-27.59%	-20.55%
Free Cash Flow	-224.87	61.13	235.24	456.83	440.29	240.35
Free Cash Flow Per Share	-0.35	0.10	0.36	0.70	0.68	0.37
Dividend Per Share	0.300	0.300	0.400	0.300	0.250	0.250
Dividend Growth	-25.00%	-25.00%	33.33%	20.00%	-	66.67%
Gross Margin	14.28%	16.08%	21.46%	21.11%	19.47%	25.17%
Operating Margin	5.01%	6.81%	11.70%	11.61%	11.38%	16.35%
Profit Margin	5.33%	7.18%	10.28%	10.62%	10.49%	14.34%
Free Cash Flow Margin	-8.95%	2.35%	9.21%	17.19%	16.87%	9.13%
EBITDA	181.56	233.64	360.21	378.32	369.63	496.73
EBITDA Margin	7.23%	9.00%	14.10%	14.24%	14.16%	18.88%
D&A For EBITDA	55.65	56.82	61.5	69.72	72.69	66.62
EBIT	125.91	176.82	298.71	308.6	296.94	430.11
EBIT Margin	5.01%	6.81%	11.70%	11.61%	11.38%	16.35%
Effective Tax Rate	17.08%	14.79%	13.89%	15.21%	11.99%	12.11%
Revenue as Reported	2,597	2,597	2,554	2,657	2,610	2,631
Advertising Expenses	-	0.02	0.02	0.29	0.02	0.18

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