SHE:002632 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	1,409	1,451	1,401	1,306	1,264	1,267
Other Revenue	40.49	40.49	39.98	16.32	22.49	16.49
Revenue	1,450	1,491	1,441	1,323	1,287	1,284
Revenue Growth (YoY)	-0.63%	3.49%	8.96%	2.81%	0.22%	1.37%
Cost of Revenue	979.84	1,022	997.27	910.63	913.26	815.55
Gross Profit	469.88	469.34	443.95	412.08	373.34	468.24
Selling, General & Admin	145.68	144.76	150.3	170.96	159.52	163.66
Research & Development	59.02	61.39	63.87	68.25	63.37	70.76
Other Operating Expenses	15.12	15.4	12.02	15.27	14.7	12.44
Operating Expenses	223.95	225.68	234.31	254.68	248.08	255.12
Operating Income	245.92	243.66	209.63	157.4	125.26	213.12
Interest Expense	-5.24	-5.24	-5.83	-3.52	-0.37	-0.9
Interest & Investment Income	22.68	21.79	13.06	14.42	239.4	6.97
Currency Exchange Gain (Loss)	11.82	11.82	-29.82	4.86	33.41	-16.94
Other Non Operating Income (Expenses)	-2.77	-1.94	-0.04	-1.14	-1.16	-0.78
EBT Excluding Unusual Items	272.41	270.09	187.01	172.01	396.54	201.47
Impairment of Goodwill	-	-	-	-	-	-128.4
Gain (Loss) on Sale of Investments	1.64	2.56	3.33	-	-2.54	0.04
Gain (Loss) on Sale of Assets	-6.33	-0	0.01	-1	0.01	-0.14
Asset Writedown	-18.91	-16.64	-7.57	-1.91	-1.58	-11.35
Other Unusual Items	6.96	6.96	18.7	24.65	10.74	19.2
Pretax Income	255.76	262.96	201.48	193.75	403.17	80.83
Income Tax Expense	45.13	41.9	32.58	37.55	89.3	25.74
Earnings From Continuing Operations	210.64	221.06	168.9	156.2	313.87	55.09
Minority Interest in Earnings	0.55	0.58	1.04	0.51	0.06	-0.15
Net Income	211.19	221.64	169.94	156.71	313.94	54.94
Net Income to Common	211.19	221.64	169.94	156.71	313.94	54.94
Net Income Growth	20.01%	30.43%	8.44%	-50.08%	471.38%	-67.53%
Shares Outstanding (Basic)	633	633	629	627	628	610
Shares Outstanding (Diluted)	633	633	629	627	628	610
Shares Change (YoY)	0.65%	0.61%	0.41%	-0.17%	2.85%	-2.58%
EPS (Basic)	0.33	0.35	0.27	0.25	0.50	0.09
EPS (Diluted)	0.33	0.35	0.27	0.25	0.50	0.09
EPS Growth	19.24%	29.63%	8.00%	-50.00%	455.56%	-66.67%
Free Cash Flow	370.02	406.61	231.3	185.19	25.07	384.49
Free Cash Flow Per Share	0.58	0.64	0.37	0.29	0.04	0.63
Dividend Per Share	0.300	0.300	0.260	0.300	0.450	0.050
Dividend Growth	15.38%	15.38%	-13.33%	-33.33%	800.00%	-61.54%
Gross Margin	32.41%	31.47%	30.80%	31.15%	29.02%	36.47%
Operating Margin	16.96%	16.34%	14.55%	11.90%	9.74%	16.60%
Profit Margin	14.57%	14.86%	11.79%	11.85%	24.40%	4.28%
Free Cash Flow Margin	25.52%	27.26%	16.05%	14.00%	1.95%	29.95%
EBITDA	361.54	360.41	330.91	285.12	253.89	323.24
EBITDA Margin	24.94%	24.16%	22.96%	21.55%	19.73%	25.18%
D&A For EBITDA	115.62	116.75	121.28	127.72	128.64	110.12
EBIT	245.92	243.66	209.63	157.4	125.26	213.12
EBIT Margin	16.96%	16.34%	14.55%	11.90%	9.74%	16.60%
Effective Tax Rate	17.64%	15.93%	16.17%	19.38%	22.15%	31.85%
Revenue as Reported	1,491	1,491	1,441	1,323	1,287	1,284
Advertising Expenses	-	5.15	2.77	5.95	3.82	13.57

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