SHE:002833 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	2,492	2,365	2,648	2,657	2,078	2,346
Other Revenue	64.31	64.31	46.03	25.76	49.59	24.69
Revenue	2,557	2,429	2,694	2,683	2,127	2,371
Revenue Growth (YoY)	-3.79%	-9.84%	0.43%	26.10%	-10.26%	40.34%
Cost of Revenue	1,721	1,655	1,837	1,811	1,489	1,622
Gross Profit	835.64	773.79	857.15	871.3	638.66	748.34
Selling, General & Admin	166.05	162.53	159.49	133.41	124.53	128.63
Research & Development	125.85	124.88	121.65	98.65	81.32	80.83
Other Operating Expenses	22.65	9.46	3.04	-9.51	-5.09	-19.83
Operating Expenses	314.72	296.87	283.98	222.72	200.36	187.95
Operating Income	520.92	476.92	573.17	648.58	438.3	560.39
Interest Expense	-57.37	-56.18	-40.39	-39.25	-36.67	-14.15
Interest & Investment Income	42.33	42.03	46.51	54.77	33.3	34.32
Currency Exchange Gain (Loss)	8.63	8.63	3.99	0.83	7.57	-3.9
Other Non Operating Income (Expenses)	-5.46	-1.64	-0.68	-0.3	-0.75	-0.53
EBT Excluding Unusual Items	509.05	469.77	582.6	664.62	441.75	576.12
Impairment of Goodwill	-	-	-	-	-12.04	-13.82
Gain (Loss) on Sale of Investments	-2.58	21.01	-14.38	-3.02	11.64	24.87
Gain (Loss) on Sale of Assets	0.1	0.19	3.8	-0.91	91.62	0
Asset Writedown	0.34	-0.06	-0.2	-5.09	-2.03	-0.03
Other Unusual Items	8.95	7.95	25.22	30.49	20.96	23.79
Pretax Income	515.87	498.85	597.04	686.09	551.9	610.93
Income Tax Expense	71.38	68.38	76.01	94.61	68.15	84.02
Earnings From Continuing Operations	444.48	430.48	521.03	591.49	483.75	526.91
Minority Interest in Earnings	-0.9	0.11	-3.66	-1.47	-29.02	-6.82
Net Income	443.58	430.58	517.37	590.02	454.72	520.09
Net Income to Common	443.58	430.58	517.37	590.02	454.72	520.09
Net Income Growth	-12.69%	-16.77%	-12.31%	29.75%	-12.57%	47.57%
Shares Outstanding (Basic)	426	426	424	424	425	423
Shares Outstanding (Diluted)	426	426	431	428	425	423
Shares Change (YoY)	-0.94%	-1.12%	0.84%	0.61%	0.51%	-0.59%
EPS (Basic)	1.04	1.01	1.22	1.39	1.07	1.23
EPS (Diluted)	1.04	1.01	1.20	1.38	1.07	1.23
EPS Growth	-11.86%	-15.83%	-13.04%	28.97%	-13.01%	48.44%
Free Cash Flow	515.73	513.44	243.54	166.51	75.22	128.35
Free Cash Flow Per Share	1.21	1.20	0.56	0.39	0.18	0.30
Dividend Per Share	0.900	0.900	0.700	1.200	0.400	0.371
Dividend Growth	28.57%	28.57%	-41.67%	200.00%	7.70%	-8.99%
Gross Margin	32.68%	31.86%	31.82%	32.48%	30.02%	31.57%
Operating Margin	20.37%	19.64%	21.27%	24.18%	20.60%	23.64%
Profit Margin	17.35%	17.73%	19.20%	21.99%	21.37%	21.94%
Free Cash Flow Margin	20.17%	21.14%	9.04%	6.21%	3.54%	5.41%
EBITDA	641.95	594.3	675.93	721.24	506.73	621.88
EBITDA Margin	25.11%	24.47%	25.09%	26.89%	23.82%	26.23%
D&A For EBITDA	121.03	117.38	102.76	72.67	68.43	61.49
EBIT	520.92	476.92	573.17	648.58	438.3	560.39
EBIT Margin	20.37%	19.64%	21.27%	24.18%	20.60%	23.64%
Effective Tax Rate	13.84%	13.71%	12.73%	13.79%	12.35%	13.75%
Revenue as Reported	2,557	2,429	2,694	2,683	2,127	2,371
Advertising Expenses	-	3.8	3.87	3.03	1.2	0.38

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