SHE:002568 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	2,959	2,896	3,014	3,200	2,537	2,559
Other Revenue	47.5	47.5	34.55	63.41	56.44	35.53
Revenue	3,007	2,944	3,048	3,264	2,593	2,594
Revenue Growth (YoY)	0.79%	-3.43%	-6.61%	25.85%	-0.04%	34.66%
Cost of Revenue	922.1	908.21	925.28	1,088	940.07	897.65
Gross Profit	2,085	2,035	2,123	2,176	1,653	1,697
Selling, General & Admin	982.71	965.76	953.97	901.46	798.29	703.24
Research & Development	96.94	97.62	99.54	105.07	85.43	72.6
Other Operating Expenses	198.36	186.5	177.01	176.28	162.05	145.28
Operating Expenses	1,277	1,246	1,232	1,185	1,045	922.5
Operating Income	807.89	789.6	891.02	991.01	608.21	774.21
Interest Expense	-64.72	-65.95	-65.94	-62.05	-44	-11.04
Interest & Investment Income	45.77	46.51	44.27	60.32	41.67	32.13
Currency Exchange Gain (Loss)	0.01	0.01	-0.15	0.03	1.83	-0.23
Other Non Operating Income (Expenses)	-4.84	-3.35	-2.31	-1.06	-1.49	-0.77
EBT Excluding Unusual Items	784.1	766.83	866.89	988.25	606.22	794.29
Gain (Loss) on Sale of Investments	0.25	0	0.08	-	-	-
Gain (Loss) on Sale of Assets	-0.29	0.02	-0.03	0.4	-0.16	0.01
Asset Writedown	-0.87	-0.87	-0.89	-0.13	-0.59	-0.19
Other Unusual Items	54.79	45.32	57.38	39.12	45.56	48.36
Pretax Income	837.99	811.3	923.43	1,028	651.04	842.47
Income Tax Expense	165.42	173.81	207.1	220.95	130.19	177.99
Earnings From Continuing Operations	672.57	637.49	716.33	806.7	520.84	664.47
Minority Interest in Earnings	-0.07	-0.06	2.81	2.72	0.44	1.59
Net Income	672.49	637.42	719.14	809.42	521.28	666.06
Net Income to Common	672.49	637.42	719.14	809.42	521.28	666.06
Net Income Growth	-8.01%	-11.36%	-11.15%	55.27%	-21.74%	24.38%
Shares Outstanding (Basic)	1,042	1,036	1,042	1,038	1,043	1,049
Shares Outstanding (Diluted)	1,042	1,036	1,042	1,038	1,043	1,049
Shares Change (YoY)	1.22%	-0.59%	0.44%	-0.46%	-0.61%	2.75%
EPS (Basic)	0.65	0.62	0.69	0.78	0.50	0.63
EPS (Diluted)	0.65	0.62	0.69	0.78	0.50	0.63
EPS Growth	-9.12%	-10.84%	-11.54%	56.00%	-20.64%	20.83%
Free Cash Flow	245.09	446.5	-163.06	-549.15	279.69	436.01
Free Cash Flow Per Share	0.23	0.43	-0.16	-0.53	0.27	0.42
Dividend Per Share	0.300	0.300	0.300	0.500	-	0.357
Dividend Growth	-	-	-40.00%	-	-	-24.66%
Gross Margin	69.33%	69.15%	69.64%	66.68%	63.75%	65.40%
Operating Margin	26.87%	26.82%	29.23%	30.36%	23.45%	29.84%
Profit Margin	22.37%	21.65%	23.59%	24.80%	20.10%	25.67%
Free Cash Flow Margin	8.15%	15.17%	-5.35%	-16.83%	10.79%	16.81%
EBITDA	1,095	1,060	1,097	1,170	762.8	876.41
EBITDA Margin	36.42%	36.02%	36.00%	35.84%	29.41%	33.78%
D&A For EBITDA	287.01	270.86	206.27	178.87	154.58	102.21
EBIT	807.89	789.6	891.02	991.01	608.21	774.21
EBIT Margin	26.87%	26.82%	29.23%	30.36%	23.45%	29.84%
Effective Tax Rate	19.74%	21.42%	22.43%	21.50%	20.00%	21.13%
Revenue as Reported	3,007	2,944	3,048	3,264	2,593	2,594
Advertising Expenses	-	159.69	255.59	190.29	175.85	149.88

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