SHE:002690 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	2,371	2,361	2,274	2,389	2,050	1,789
Other Revenue	45.75	45.75	36.41	36.32	67.42	24.03
Revenue	2,417	2,407	2,311	2,425	2,117	1,813
Revenue Growth (YoY)	1.90%	4.16%	-4.73%	14.55%	16.79%	21.18%
Cost of Revenue	1,106	1,113	1,146	1,196	995.82	889.8
Gross Profit	1,311	1,293	1,165	1,229	1,121	923.08
Selling, General & Admin	397.75	395.39	401.98	366.2	332.91	292.01
Research & Development	168.62	164	159.53	148.69	122.57	123.43
Other Operating Expenses	-53.16	-53.16	-51.24	-54.77	-51.72	-49.59
Operating Expenses	514.79	508.33	506.39	476.21	411.81	364.25
Operating Income	796.28	785.15	658.48	753.12	709.63	558.83
Interest & Investment Income	49.58	51.52	46.07	43.47	29.61	30.75
Currency Exchange Gain (Loss)	-23.92	-23.92	19.46	8.38	79.38	-14.77
Other Non Operating Income (Expenses)	-21.14	-1.12	-1.18	35.87	-1.12	-1.8
EBT Excluding Unusual Items	800.8	811.64	722.84	840.83	817.5	573.01
Gain (Loss) on Sale of Investments	3.85	2.82	0.6	0.08	-0.59	1.07
Gain (Loss) on Sale of Assets	-0	-	-	-	-	-
Asset Writedown	-0.06	-0.06	-0.01	0.01	-7.02	-0.47
Other Unusual Items	28.44	10.45	20.87	20.05	28.2	7.87
Pretax Income	833.04	824.85	744.29	860.98	838.08	581.48
Income Tax Expense	106.4	105.73	95.12	116.15	107.97	70.39
Earnings From Continuing Operations	726.63	719.12	649.17	744.83	730.11	511.09
Net Income	726.63	719.12	649.17	744.83	730.11	511.09
Net Income to Common	726.63	719.12	649.17	744.83	730.11	511.09
Net Income Growth	10.64%	10.77%	-12.84%	2.02%	42.85%	16.64%
Shares Outstanding (Basic)	882	882	881	881	881	879
Shares Outstanding (Diluted)	882	882	881	881	881	879
Shares Change (YoY)	0.15%	0.19%	0.01%	-0.05%	0.25%	-0.01%
EPS (Basic)	0.82	0.82	0.74	0.85	0.83	0.58
EPS (Diluted)	0.82	0.82	0.74	0.85	0.83	0.58
EPS Growth	10.47%	10.57%	-12.85%	2.06%	42.50%	16.65%
Free Cash Flow	810.85	915.98	858.42	641.69	240.1	477.16
Free Cash Flow Per Share	0.92	1.04	0.97	0.73	0.27	0.54
Dividend Per Share	0.700	0.700	0.700	0.700	0.700	0.615
Dividend Growth	-	-	-	-	13.75%	-
Gross Margin	54.25%	53.74%	50.41%	50.69%	52.97%	50.92%
Operating Margin	32.95%	32.62%	28.50%	31.05%	33.52%	30.83%
Profit Margin	30.07%	29.88%	28.09%	30.71%	34.48%	28.19%
Free Cash Flow Margin	33.55%	38.06%	37.15%	26.46%	11.34%	26.32%
EBITDA	828.43	817.78	693.01	786.79	738.52	583.62
EBITDA Margin	34.28%	33.98%	29.99%	32.44%	34.88%	32.19%
D&A For EBITDA	32.15	32.63	34.53	33.67	28.9	24.78
EBIT	796.28	785.15	658.48	753.12	709.63	558.83
EBIT Margin	32.95%	32.62%	28.50%	31.05%	33.52%	30.83%
Effective Tax Rate	12.77%	12.82%	12.78%	13.49%	12.88%	12.11%
Revenue as Reported	2,417	2,407	2,311	2,425	2,117	1,813
Advertising Expenses	-	7.74	9.06	7.65	2.55	3.62

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