SHE:002818 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	1,199	1,359	1,452	1,373	1,421
Other Revenue	-	71.01	72.2	109.27	116.06
Revenue	1,199	1,430	1,524	1,483	1,537
Revenue Growth (YoY)	-16.13%	-6.18%	2.79%	-3.52%	15.76%
Cost of Revenue	444.19	468.39	454.47	460.1	460.14
Gross Profit	754.98	961.49	1,070	1,023	1,077
Selling, General & Admin	65.41	70.14	81.66	79.96	84.54
Other Operating Expenses	80.41	94.85	86.53	74.08	80.94
Operating Expenses	145.81	168.9	172.37	155.85	168.34
Operating Income	609.17	792.59	897.23	866.78	908.33
Interest Expense	-	-0.57	-0.38	-0.5	-2
Interest & Investment Income	72.22	65.13	116.1	81.26	105.83
Other Non Operating Income (Expenses)	-6.4	-1.13	-1.06	-0.99	-1.65
EBT Excluding Unusual Items	674.99	856.02	1,012	946.55	1,011
Gain (Loss) on Sale of Investments	-16.35	-14.58	-50.63	-5.9	84.01
Gain (Loss) on Sale of Assets	0	-	0.02	-0.02	0.01
Asset Writedown	3.47	-0.51	-0.02	-0.1	-0.62
Other Unusual Items	-	-3.56	6.53	2.82	2.7
Pretax Income	662.11	837.36	967.79	943.36	1,097
Income Tax Expense	94.08	134.75	141.8	138.94	160.66
Earnings From Continuing Operations	568.03	702.61	826	804.41	935.94
Minority Interest in Earnings	-12.54	-12.35	-19.73	-21.36	-17.75
Net Income	555.49	690.26	806.27	783.05	918.19
Net Income to Common	555.49	690.26	806.27	783.05	918.19
Net Income Growth	-19.52%	-14.39%	2.96%	-14.72%	18.74%
Shares Outstanding (Basic)	751	750	747	746	753
Shares Outstanding (Diluted)	751	750	747	746	753
Shares Change (YoY)	0.05%	0.50%	0.10%	-0.91%	0.25%
EPS (Basic)	0.74	0.92	1.08	1.05	1.22
EPS (Diluted)	0.74	0.92	1.08	1.05	1.22
EPS Growth	-19.56%	-14.82%	2.86%	-13.93%	18.45%
Free Cash Flow	1,212	761.77	456.28	823.15	534.97
Free Cash Flow Per Share	1.61	1.01	0.61	1.10	0.71
Dividend Per Share	-	1.080	1.080	1.080	0.800
Dividend Growth	-	-	-	35.00%	33.33%
Gross Margin	62.96%	67.24%	70.18%	68.97%	70.06%
Operating Margin	50.80%	55.43%	58.87%	58.46%	59.10%
Profit Margin	46.32%	48.27%	52.90%	52.81%	59.75%
Free Cash Flow Margin	101.04%	53.27%	29.94%	55.52%	34.81%
EBITDA	838.55	1,026	1,086	1,062	1,112
EBITDA Margin	69.93%	71.76%	71.23%	71.61%	72.33%
D&A For EBITDA	229.38	233.48	188.29	195.08	203.24
EBIT	609.17	792.59	897.23	866.78	908.33
EBIT Margin	50.80%	55.43%	58.87%	58.46%	59.10%
Effective Tax Rate	14.21%	16.09%	14.65%	14.73%	14.65%
Revenue as Reported	-	1,430	1,524	1,483	1,537
Advertising Expenses	-	1	1.74	1.41	2.71

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