SHE:002823 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	2,589	2,648	2,759	2,710	2,431	2,197
Other Revenue	279.98	279.98	291.05	313.78	231.44	250.52
Revenue	2,869	2,928	3,050	3,024	2,662	2,447
Revenue Growth (YoY)	-5.19%	-3.98%	0.85%	13.60%	8.77%	27.42%
Cost of Revenue	2,274	2,339	2,516	2,585	2,295	2,100
Gross Profit	594.61	589.82	533.29	438.89	367.02	347.81
Selling, General & Admin	202.85	198.09	202.12	180.35	200.15	195.81
Research & Development	84.86	82.24	76.06	93.12	91.27	72.23
Other Operating Expenses	17.24	18.43	9.73	13.87	17.18	17.02
Operating Expenses	313.05	306.86	287.55	289.38	307.55	283.43
Operating Income	281.56	282.97	245.74	149.51	59.46	64.38
Interest Expense	-28.26	-28.26	-53.75	-69.53	-66.59	-59.51
Interest & Investment Income	3.42	0.15	1.08	0.5	12.45	2.98
Currency Exchange Gain (Loss)	13.29	13.29	-3.79	23.43	18.13	-30.77
Other Non Operating Income (Expenses)	-17.74	-9.08	-12.65	-15.03	-7.45	-7.54
EBT Excluding Unusual Items	252.26	259.06	176.64	88.88	16	-30.46
Gain (Loss) on Sale of Investments	-11.46	-14.33	-0.04	-23.22	-15.95	8.64
Gain (Loss) on Sale of Assets	-0.06	-0.06	1.15	0.5	-0.12	-3.2
Asset Writedown	-4.31	-0.18	-1.14	-3.31	-0.63	-2.62
Legal Settlements	-	-	-	-	-0.77	-
Other Unusual Items	23.06	23.06	18.82	19.47	26.35	40.85
Pretax Income	259.49	267.55	195.43	82.31	24.87	13.2
Income Tax Expense	22.66	33.95	25.32	5.59	0.09	0.45
Net Income	236.83	233.6	170.11	76.72	24.78	12.74
Net Income to Common	236.83	233.6	170.11	76.72	24.78	12.74
Net Income Growth	23.86%	37.32%	121.73%	209.54%	94.48%	-84.77%
Shares Outstanding (Basic)	329	324	279	284	275	319
Shares Outstanding (Diluted)	329	324	279	284	275	319
Shares Change (YoY)	15.35%	16.34%	-1.86%	3.18%	-13.56%	10.40%
EPS (Basic)	0.72	0.72	0.61	0.27	0.09	0.04
EPS (Diluted)	0.72	0.72	0.61	0.27	0.09	0.04
EPS Growth	7.37%	18.03%	125.93%	200.00%	125.00%	-86.21%
Free Cash Flow	307.31	305.26	254.41	51.43	35.71	-218.55
Free Cash Flow Per Share	0.93	0.94	0.91	0.18	0.13	-0.69
Dividend Per Share	0.427	0.427	0.412	0.080	0.035	0.010
Dividend Growth	3.70%	3.70%	412.35%	129.95%	246.38%	-90.33%
Gross Margin	20.73%	20.14%	17.49%	14.51%	13.79%	14.21%
Operating Margin	9.81%	9.66%	8.06%	4.94%	2.23%	2.63%
Profit Margin	8.26%	7.98%	5.58%	2.54%	0.93%	0.52%
Free Cash Flow Margin	10.71%	10.42%	8.34%	1.70%	1.34%	-8.93%
EBITDA	481.22	486.26	463.55	346.25	234.76	235.4
EBITDA Margin	16.77%	16.61%	15.20%	11.45%	8.82%	9.62%
D&A For EBITDA	199.66	203.29	217.81	196.75	175.29	171.02
EBIT	281.56	282.97	245.74	149.51	59.46	64.38
EBIT Margin	9.81%	9.66%	8.06%	4.94%	2.23%	2.63%
Effective Tax Rate	8.73%	12.69%	12.96%	6.79%	0.34%	3.44%
Revenue as Reported	2,928	2,928	3,050	3,024	2,662	2,447
Advertising Expenses	-	1.4	2.46	-	-	-

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