SHE:002749 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	2,036	2,041	1,967	1,842	1,635	1,351
Other Revenue	16.03	16.03	19.23	17.98	13.06	7.2
Revenue	2,052	2,057	1,986	1,860	1,648	1,358
Revenue Growth (YoY)	2.35%	3.57%	6.79%	12.82%	21.34%	17.11%
Cost of Revenue	1,135	1,124	1,084	1,088	1,026	753.34
Gross Profit	917.37	933.59	901.94	771.47	622.3	605.14
Selling, General & Admin	406.48	407.06	400.18	355.94	339.54	300.07
Research & Development	90.47	89.42	66.94	62.74	56.39	47.69
Other Operating Expenses	2.85	3.37	4.14	4.05	7.37	4.98
Operating Expenses	506.06	506.1	474.87	425.59	419.92	363.14
Operating Income	411.32	427.5	427.06	345.87	202.38	242
Interest Expense	-0.78	-0.85	-1.24	-1.41	-17.28	-18.74
Interest & Investment Income	15.57	18.11	20.99	21.91	21.27	24.3
Currency Exchange Gain (Loss)	-0.64	-0.64	0.23	0.14	0.38	-
Other Non Operating Income (Expenses)	0.19	0.27	-0.86	-0.73	-12.54	-13.55
EBT Excluding Unusual Items	425.66	444.38	446.18	365.78	194.2	234.02
Impairment of Goodwill	-	-	-	-	-66.87	-
Gain (Loss) on Sale of Assets	0.34	0.38	0.35	0.19	-0.4	0.48
Asset Writedown	-0.16	-0.16	-0.04	-0.02	-	-
Other Unusual Items	5.43	5.06	0.54	5.43	21.61	6.23
Pretax Income	431.26	449.66	447.03	371.37	148.53	240.72
Income Tax Expense	121.99	119.46	61.95	50.64	33.28	36.84
Earnings From Continuing Operations	309.28	330.21	385.08	320.73	115.26	203.88
Minority Interest in Earnings	-15.54	-18	-18.05	-18.7	-1.66	2.29
Net Income	293.74	312.21	367.03	302.04	113.59	206.17
Net Income to Common	293.74	312.21	367.03	302.04	113.59	206.17
Net Income Growth	-22.26%	-14.94%	21.52%	165.89%	-44.90%	20.68%
Shares Outstanding (Basic)	459	459	448	431	437	430
Shares Outstanding (Diluted)	459	459	459	431	437	430
Shares Change (YoY)	-1.99%	0.07%	6.33%	-1.24%	1.72%	0.56%
EPS (Basic)	0.64	0.68	0.82	0.70	0.26	0.48
EPS (Diluted)	0.64	0.68	0.80	0.70	0.26	0.48
EPS Growth	-20.69%	-15.00%	14.29%	169.23%	-45.83%	20.00%
Free Cash Flow	380.68	335.94	363.15	333.16	74.68	286.56
Free Cash Flow Per Share	0.83	0.73	0.79	0.77	0.17	0.67
Dividend Per Share	0.900	0.900	0.900	0.550	0.200	0.220
Dividend Growth	-	-	63.64%	175.00%	-9.09%	-
Gross Margin	44.70%	45.38%	45.41%	41.48%	37.75%	44.55%
Operating Margin	20.04%	20.78%	21.50%	18.60%	12.28%	17.81%
Profit Margin	14.31%	15.18%	18.48%	16.24%	6.89%	15.18%
Free Cash Flow Margin	18.55%	16.33%	18.28%	17.91%	4.53%	21.09%
EBITDA	473.9	490.36	491.07	411.91	262.61	289.41
EBITDA Margin	23.09%	23.84%	24.72%	22.15%	15.93%	21.30%
D&A For EBITDA	62.59	62.87	64	66.04	60.22	47.42
EBIT	411.32	427.5	427.06	345.87	202.38	242
EBIT Margin	20.04%	20.78%	21.50%	18.60%	12.28%	17.81%
Effective Tax Rate	28.29%	26.57%	13.86%	13.64%	22.40%	15.30%
Revenue as Reported	2,052	2,057	1,986	1,860	1,648	1,358
Advertising Expenses	-	17.79	15.66	13.53	-	-

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