SHE:002688 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	2,995	2,878	2,366	2,168	2,117	2,072
Other Revenue	-	-	4.99	6.04	5.82	5.8
Revenue	2,995	2,878	2,371	2,174	2,123	2,078
Revenue Growth (YoY)	20.94%	21.41%	9.04%	2.42%	2.15%	14.51%
Cost of Revenue	1,980	1,904	1,641	1,572	1,545	1,472
Gross Profit	1,015	974.5	729.97	602.51	577.47	605.66
Selling, General & Admin	545.07	527.75	401.98	367.95	352.78	316.37
Research & Development	113.39	116.55	94	74	82.28	72.25
Other Operating Expenses	-7.6	-7.75	8.14	5.82	7.75	12.15
Operating Expenses	652.48	636.54	518.11	454.08	444.34	402.65
Operating Income	362.65	337.96	211.85	148.43	133.13	203.01
Interest Expense	-0.15	-	-80.34	-60.03	-36.41	-52.34
Interest & Investment Income	1.79	-	6.9	8.37	1.9	1.72
Currency Exchange Gain (Loss)	-	-	8.92	8.85	40.34	-8.83
Other Non Operating Income (Expenses)	-108.14	-101.02	-28.48	-7.33	-15.79	-4.87
EBT Excluding Unusual Items	256.14	236.94	118.85	98.29	123.18	138.68
Impairment of Goodwill	-	-	-39.77	-5.62	-7.74	-11.04
Gain (Loss) on Sale of Investments	-2.53	-2.4	-1.22	-1.52	-3.94	-
Gain (Loss) on Sale of Assets	-2.67	-2.66	0.19	-0.36	-0.25	4.87
Asset Writedown	-194.43	-192.74	-1.11	-0.93	-0.46	-1.28
Other Unusual Items	-	-	20.83	11.65	8.05	11.69
Pretax Income	56.52	39.15	97.78	101.5	118.84	142.91
Income Tax Expense	55.94	50.13	13.46	7.06	0.73	20.82
Earnings From Continuing Operations	0.57	-10.98	84.32	94.43	118.11	122.09
Minority Interest in Earnings	38.16	38.54	15.88	-7.98	-42.5	-28.1
Net Income	38.74	27.56	100.2	86.46	75.62	93.99
Net Income to Common	38.74	27.56	100.2	86.46	75.62	93.99
Net Income Growth	-63.52%	-72.50%	15.90%	14.34%	-19.55%	-19.89%
Shares Outstanding (Basic)	780	781	774	780	780	696
Shares Outstanding (Diluted)	780	781	774	780	780	696
Shares Change (YoY)	1.00%	0.81%	-0.76%	-0.01%	12.16%	6.74%
EPS (Basic)	0.05	0.04	0.13	0.11	0.10	0.14
EPS (Diluted)	0.05	0.04	0.13	0.11	0.10	0.14
EPS Growth	-63.88%	-72.72%	16.79%	14.34%	-28.27%	-24.94%
Free Cash Flow	94.05	148.64	136.18	-258.45	-277.69	-230.74
Free Cash Flow Per Share	0.12	0.19	0.18	-0.33	-0.36	-0.33
Dividend Per Share	-	-	0.100	0.100	0.100	-
Gross Margin	33.90%	33.86%	30.79%	27.71%	27.20%	29.15%
Operating Margin	12.11%	11.74%	8.94%	6.83%	6.27%	9.77%
Profit Margin	1.29%	0.96%	4.23%	3.98%	3.56%	4.52%
Free Cash Flow Margin	3.14%	5.17%	5.75%	-11.89%	-13.08%	-11.10%
EBITDA	603.77	567.89	397.04	321.3	282.31	333.98
EBITDA Margin	20.16%	19.73%	16.75%	14.78%	13.30%	16.07%
D&A For EBITDA	241.12	229.94	185.19	172.86	149.18	130.97
EBIT	362.65	337.96	211.85	148.43	133.13	203.01
EBIT Margin	12.11%	11.74%	8.94%	6.83%	6.27%	9.77%
Effective Tax Rate	98.99%	128.06%	13.77%	6.96%	0.61%	14.57%
Revenue as Reported	116.73	-	2,371	2,174	2,123	2,078
Advertising Expenses	-	-	27.74	20.64	12.16	5.36

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