SHE:002626 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	Dec '21 Dec 31, 2021
Operating Revenue	3,347	3,361	3,234	3,096	3,006	3,612
Other Revenue	4.73	4.73	5.84	6.85	3.19	4.63
Revenue	3,351	3,365	3,240	3,103	3,009	3,616
Revenue Growth (YoY)	0.82%	3.87%	4.43%	3.10%	-16.78%	3.19%
Cost of Revenue	2,117	2,095	2,002	1,967	1,867	1,905
Gross Profit	1,234	1,271	1,238	1,136	1,142	1,711
Selling, General & Admin	712.8	705.41	695.21	729.91	647.98	599.7
Research & Development	68.98	75.62	69.41	58.2	71.86	82.95
Other Operating Expenses	16.87	18.29	17.84	18.28	22.68	22.25
Operating Expenses	789.12	789.78	788.9	812.7	745.89	704.3
Operating Income	445.16	480.89	448.77	323.35	396.47	1,007
Interest Expense	-60.07	-60.07	-30.17	-40.29	-36.9	-33.67
Interest & Investment Income	95.54	95.13	40.93	30.47	19.87	17.45
Currency Exchange Gain (Loss)	-29.15	-29.15	19.84	29.32	54.64	-26.32
Other Non Operating Income (Expenses)	-52.15	-23.85	-1.46	-0.9	-4.83	-2.86
EBT Excluding Unusual Items	399.33	462.96	477.91	341.95	429.25	961.54
Impairment of Goodwill	-52.49	-52.49	-	-	-114.14	-40.37
Gain (Loss) on Sale of Investments	-16.41	-15.02	-7.39	-1.56	-0.96	4.61
Gain (Loss) on Sale of Assets	-0.75	-0.73	-1.75	0.48	-3.81	-1.38
Asset Writedown	-33.73	-32.03	-16.54	-12.23	-16.98	-
Legal Settlements	-	-	-	-	-	-3.99
Other Unusual Items	15.04	15.04	17.29	5.97	17.38	10.77
Pretax Income	311	377.73	469.51	334.61	310.73	931.19
Income Tax Expense	46.21	57.13	102.48	58.42	65.59	149.32
Earnings From Continuing Operations	264.79	320.6	367.03	276.2	245.14	781.87
Minority Interest in Earnings	18.98	19.31	-25.04	0.52	12.25	6.99
Net Income	283.78	339.91	341.99	276.71	257.4	788.86
Net Income to Common	283.78	339.91	341.99	276.71	257.4	788.86
Net Income Growth	-27.78%	-0.61%	23.59%	7.50%	-67.37%	-17.76%
Shares Outstanding (Basic)	604	607	611	615	613	612
Shares Outstanding (Diluted)	615	618	611	615	613	612
Shares Change (YoY)	-0.07%	1.20%	-0.69%	0.34%	0.22%	0.09%
EPS (Basic)	0.47	0.56	0.56	0.45	0.42	1.29
EPS (Diluted)	0.46	0.55	0.56	0.45	0.42	1.29
EPS Growth	-27.73%	-1.79%	24.44%	7.14%	-67.44%	-17.83%
Free Cash Flow	181.12	326.46	156.54	406.87	533.43	502.77
Free Cash Flow Per Share	0.29	0.53	0.26	0.66	0.87	0.82
Dividend Per Share	0.400	0.400	0.400	0.200	0.200	0.600
Dividend Growth	-	-	100.00%	-	-66.67%	-
Gross Margin	36.83%	37.76%	38.20%	36.62%	37.96%	47.32%
Operating Margin	13.28%	14.29%	13.85%	10.42%	13.18%	27.84%
Profit Margin	8.47%	10.10%	10.55%	8.92%	8.55%	21.82%
Free Cash Flow Margin	5.40%	9.70%	4.83%	13.11%	17.73%	13.90%
EBITDA	609.53	644.92	611.44	487.89	560.48	1,143
EBITDA Margin	18.19%	19.16%	18.87%	15.72%	18.63%	31.61%
D&A For EBITDA	164.37	164.03	162.68	164.54	164.01	135.95
EBIT	445.16	480.89	448.77	323.35	396.47	1,007
EBIT Margin	13.28%	14.29%	13.85%	10.42%	13.18%	27.84%
Effective Tax Rate	14.86%	15.13%	21.83%	17.46%	21.11%	16.04%
Revenue as Reported	3,365	3,365	3,240	3,103	3,009	3,616

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