SHE:002526 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	2,059	2,128	2,332	2,618	2,339	2,203
Other Revenue	-	-	48.01	79.12	66.04	82.2
Revenue	2,059	2,128	2,380	2,698	2,405	2,286
Revenue Growth (YoY)	-14.19%	-10.57%	-11.77%	12.16%	5.22%	9.35%
Cost of Revenue	1,601	1,680	1,886	2,091	1,885	1,759
Gross Profit	457.86	448.08	493.64	606.6	520.15	526.78
Selling, General & Admin	259.83	246.23	262.43	246.15	207.82	194.07
Research & Development	59.42	63.6	65.19	80.66	71.7	59.23
Other Operating Expenses	19.46	21.13	23.55	24.16	21.53	18.54
Operating Expenses	338.71	330.96	393.95	393.8	321.33	340.73
Operating Income	119.15	117.13	99.69	212.8	198.82	186.05
Interest Expense	-	-	-14.44	-17.77	-17.03	-4.47
Interest & Investment Income	58.15	56.8	56.64	42.53	43.55	39.57
Currency Exchange Gain (Loss)	-	-	0.13	-0.02	0.11	-0.5
Other Non Operating Income (Expenses)	-34.72	21.2	-2.29	-2.18	-2.46	-7.18
EBT Excluding Unusual Items	142.59	195.13	139.74	235.36	222.99	213.47
Impairment of Goodwill	-	-	-	-	-77.49	-171.81
Gain (Loss) on Sale of Investments	0.99	0.56	-0.03	-0.62	-	-
Gain (Loss) on Sale of Assets	-1.45	-1.45	-0.75	0.77	1.6	0.32
Asset Writedown	-18.39	-17.47	-1.27	-15.32	-0.28	-0.12
Legal Settlements	-	-	1.68	7.26	5.77	2.68
Other Unusual Items	-	-	3.82	3.96	4.96	11.23
Pretax Income	123.73	176.77	143.17	231.4	157.56	55.77
Income Tax Expense	32.57	43	19.59	58.05	37.64	-14.79
Earnings From Continuing Operations	91.17	133.77	123.59	173.35	119.93	70.57
Minority Interest in Earnings	-11.59	-11.17	-10.14	-1.57	-4.58	-9.51
Net Income	79.58	122.6	113.44	171.78	115.34	61.05
Net Income to Common	79.58	122.6	113.44	171.78	115.34	61.05
Net Income Growth	-42.04%	8.07%	-33.96%	48.93%	88.93%	-42.15%
Shares Outstanding (Basic)	1,755	1,751	1,891	1,718	1,648	2,035
Shares Outstanding (Diluted)	1,755	1,751	1,891	1,718	1,648	2,035
Shares Change (YoY)	-7.16%	-7.37%	10.07%	4.25%	-19.03%	14.16%
EPS (Basic)	0.05	0.07	0.06	0.10	0.07	0.03
EPS (Diluted)	0.05	0.07	0.06	0.10	0.07	0.03
EPS Growth	-37.57%	16.67%	-40.00%	42.86%	133.33%	-49.32%
Free Cash Flow	-289.58	-228.25	-13.56	-429.57	-386.35	-102.94
Free Cash Flow Per Share	-0.17	-0.13	-0.01	-0.25	-0.23	-0.05
Dividend Per Share	-	-	0.010	0.023	-	-
Dividend Growth	-	-	-56.52%	-	-	-
Gross Margin	22.24%	21.05%	20.74%	22.49%	21.63%	23.05%
Operating Margin	5.79%	5.50%	4.19%	7.89%	8.27%	8.14%
Profit Margin	3.87%	5.76%	4.77%	6.37%	4.80%	2.67%
Free Cash Flow Margin	-14.07%	-10.72%	-0.57%	-15.92%	-16.06%	-4.50%
EBITDA	217.09	211.5	179.83	275.66	261.13	253.73
EBITDA Margin	10.55%	9.94%	7.56%	10.22%	10.86%	11.10%
D&A For EBITDA	97.93	94.38	80.14	62.86	62.31	67.68
EBIT	119.15	117.13	99.69	212.8	198.82	186.05
EBIT Margin	5.79%	5.50%	4.19%	7.89%	8.27%	8.14%
Effective Tax Rate	26.32%	24.32%	13.68%	25.09%	23.89%	-
Revenue as Reported	-	-	2,380	2,698	2,405	2,286
Advertising Expenses	-	-	9.78	6.88	0.24	0.58

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