SHE:002675 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	2,652	2,713	2,846	3,267	3,565	3,897
Other Revenue	28.05	28.05	23.35	8.24	18.34	15.02
Revenue	2,681	2,741	2,869	3,276	3,583	3,912
Revenue Growth (YoY)	-7.84%	-4.46%	-12.42%	-8.58%	-8.41%	14.42%
Cost of Revenue	1,274	1,356	1,521	1,922	2,051	2,324
Gross Profit	1,406	1,385	1,348	1,354	1,532	1,588
Selling, General & Admin	748.46	745.12	724.93	754.41	785.29	802.41
Research & Development	230.61	232.61	291.91	197.22	163.52	137.56
Other Operating Expenses	43.97	40.71	31.76	33.87	29.19	33.34
Operating Expenses	1,025	1,033	1,065	980.31	980.56	974.77
Operating Income	380.88	352.17	282.61	373.77	551.72	612.99
Interest Expense	-146.28	-137.54	-96.51	-56.76	-58.64	-56.45
Interest & Investment Income	6.97	5.17	5.56	12.78	13.2	5.12
Currency Exchange Gain (Loss)	-13.23	-13.23	15.44	15.25	42.65	-4.08
Other Non Operating Income (Expenses)	-11.9	-2.23	-2.79	-1.17	-5.94	-2.58
EBT Excluding Unusual Items	216.44	204.34	204.31	343.86	542.97	555
Impairment of Goodwill	-	-	-52.6	-	-80.1	-211.26
Gain (Loss) on Sale of Investments	-14.44	-15.88	-12.92	-28.13	-39.21	-12.15
Gain (Loss) on Sale of Assets	-0.31	-0.33	0.21	-0.23	-0.38	-0.15
Asset Writedown	-	-	-33.21	-	-	-0.16
Other Unusual Items	23.3	23.3	113.31	21.77	22.3	24.82
Pretax Income	225	211.44	219.1	337.28	445.58	356.1
Income Tax Expense	52.84	57	77.68	83.07	92.75	95.25
Earnings From Continuing Operations	172.16	154.44	141.43	254.22	352.83	260.85
Minority Interest in Earnings	32.17	41.19	42.4	-44.48	-45.54	-109.29
Net Income	204.33	195.63	183.83	209.74	307.29	151.56
Net Income to Common	204.33	195.63	183.83	209.74	307.29	151.56
Net Income Growth	41.67%	6.42%	-12.35%	-31.75%	102.75%	-63.72%
Shares Outstanding (Basic)	825	825	825	825	808	802
Shares Outstanding (Diluted)	825	825	825	825	808	802
Shares Change (YoY)	0.05%	0.01%	-0.01%	2.10%	0.68%	0.01%
EPS (Basic)	0.25	0.24	0.22	0.25	0.38	0.19
EPS (Diluted)	0.25	0.24	0.22	0.25	0.38	0.19
EPS Growth	41.60%	6.42%	-12.35%	-33.15%	101.38%	-63.73%
Free Cash Flow	73.13	219.03	-168.94	-235	606.93	413.42
Free Cash Flow Per Share	0.09	0.27	-0.20	-0.28	0.75	0.52
Dividend Per Share	0.081	0.081	0.080	0.125	0.150	0.150
Dividend Growth	0.78%	0.78%	-36.00%	-16.67%	-	-40.00%
Gross Margin	52.46%	50.52%	46.97%	41.34%	42.77%	40.59%
Operating Margin	14.21%	12.85%	9.85%	11.41%	15.40%	15.67%
Profit Margin	7.62%	7.14%	6.41%	6.40%	8.58%	3.87%
Free Cash Flow Margin	2.73%	7.99%	-5.89%	-7.17%	16.94%	10.57%
EBITDA	565.38	530.64	436.95	511.69	672.09	727.92
EBITDA Margin	21.09%	19.36%	15.23%	15.62%	18.76%	18.61%
D&A For EBITDA	184.51	178.47	154.34	137.92	120.37	114.93
EBIT	380.88	352.17	282.61	373.77	551.72	612.99
EBIT Margin	14.21%	12.85%	9.85%	11.41%	15.40%	15.67%
Effective Tax Rate	23.48%	26.96%	35.45%	24.63%	20.82%	26.75%
Revenue as Reported	2,681	2,741	2,869	3,276	3,583	3,912
Advertising Expenses	-	0.42	0.5	1.06	0.83	0.29

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.