SHE:002782 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	5,610	5,510	4,662	4,617	3,169	1,560
Other Revenue	22.19	22.19	31.2	51.59	99	88.52
Revenue	5,632	5,532	4,693	4,668	3,268	1,649
Revenue Growth (YoY)	15.71%	17.87%	0.54%	42.86%	98.17%	28.83%
Cost of Revenue	4,982	4,855	4,079	4,096	2,748	1,344
Gross Profit	649.58	677.59	614.37	572.51	519.34	304.57
Selling, General & Admin	219.89	209.27	214.54	212.88	167.6	146.06
Research & Development	143.54	141.37	134.74	121.83	97.48	69.62
Other Operating Expenses	25.41	20.57	20.65	22.6	17.71	8.83
Operating Expenses	390.91	373.63	390.25	352.07	302.9	234.32
Operating Income	258.67	303.96	224.12	220.43	216.44	70.25
Interest Expense	-4.01	-4.4	-8.38	-14.53	-9.25	-0.95
Interest & Investment Income	14.88	12.45	8.79	14.36	1.78	7.53
Currency Exchange Gain (Loss)	-1.26	-1.26	10.26	3.69	19.79	-7.95
Other Non Operating Income (Expenses)	-5.59	-1.42	-0.11	-3.97	-3.01	-0.38
EBT Excluding Unusual Items	262.68	309.33	234.69	219.99	225.75	68.51
Gain (Loss) on Sale of Investments	20.94	21.35	6.24	-67.68	-68.46	-61.6
Gain (Loss) on Sale of Assets	-1.26	-1.49	-3.01	-0.5	-0.69	-0.03
Other Unusual Items	3.37	3.37	12.52	17.2	-4.92	6.58
Pretax Income	285.15	332.56	250.43	169	151.67	13.46
Income Tax Expense	28.77	29.54	14.31	38.58	32.96	-12.81
Earnings From Continuing Operations	256.38	303.02	236.12	130.43	118.71	26.27
Minority Interest in Earnings	-1.29	-3.38	-5.95	-16.49	-7.4	-
Net Income	255.08	299.64	230.18	113.94	111.31	26.27
Net Income to Common	255.08	299.64	230.18	113.94	111.31	26.27
Net Income Growth	2.68%	30.18%	102.02%	2.36%	323.72%	-87.25%
Shares Outstanding (Basic)	487	487	488	487	473	482
Shares Outstanding (Diluted)	489	488	488	488	473	482
Shares Change (YoY)	0.22%	-0.14%	0.17%	3.02%	-1.82%	9.49%
EPS (Basic)	0.52	0.62	0.47	0.23	0.24	0.05
EPS (Diluted)	0.52	0.61	0.47	0.23	0.24	0.05
EPS Growth	2.46%	30.36%	101.67%	-0.64%	331.56%	-88.35%
Free Cash Flow	191.71	269.7	375.22	217.55	-38.44	-204.35
Free Cash Flow Per Share	0.39	0.55	0.77	0.45	-0.08	-0.42
Dividend Per Share	0.200	0.200	0.150	0.080	0.080	0.050
Dividend Growth	33.33%	33.33%	87.50%	-	60.00%	-66.67%
Gross Margin	11.53%	12.25%	13.09%	12.26%	15.89%	18.47%
Operating Margin	4.59%	5.49%	4.78%	4.72%	6.62%	4.26%
Profit Margin	4.53%	5.42%	4.90%	2.44%	3.41%	1.59%
Free Cash Flow Margin	3.40%	4.88%	7.99%	4.66%	-1.18%	-12.39%
EBITDA	335.46	378.83	291.31	278.08	258.4	97.87
EBITDA Margin	5.96%	6.85%	6.21%	5.96%	7.91%	5.93%
D&A For EBITDA	76.79	74.86	67.18	57.65	41.96	27.62
EBIT	258.67	303.96	224.12	220.43	216.44	70.25
EBIT Margin	4.59%	5.49%	4.78%	4.72%	6.62%	4.26%
Effective Tax Rate	10.09%	8.88%	5.71%	22.82%	21.73%	-
Revenue as Reported	5,632	5,532	4,693	4,668	3,268	1,649
Advertising Expenses	-	5	7.09	8.38	4.32	1.28

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