SHE:002864 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	1,111	1,139	971.45	978.2	971.04	883.76
Other Revenue	1.88	1.88	2.41	2.63	3.26	3.73
Revenue	1,113	1,141	973.86	980.83	974.29	887.48
Revenue Growth (YoY)	9.79%	17.15%	-0.71%	0.67%	9.78%	32.40%
Cost of Revenue	534.39	549.24	381.74	413.74	408.25	370.36
Gross Profit	578.81	591.62	592.12	567.09	566.04	517.12
Selling, General & Admin	403.58	416.56	436.86	418.79	416.11	386.15
Research & Development	51.89	53.11	37.54	20.26	18.23	14.03
Other Operating Expenses	12.91	11.16	9.35	10.61	10.23	9.29
Operating Expenses	491.79	504.81	485.59	453.98	452.94	414.07
Operating Income	87.01	86.81	106.53	113.11	113.1	103.05
Interest Expense	-1.97	-2.18	-1.56	-6.11	-13.92	-3.49
Interest & Investment Income	9.42	14.55	25.58	22.06	17.18	11.78
Other Non Operating Income (Expenses)	-2.38	-0.58	-0.22	0.31	2.55	-5.27
EBT Excluding Unusual Items	92.08	98.6	130.32	129.37	118.91	106.06
Gain (Loss) on Sale of Investments	-0.13	-0.13	-	-1.56	-0.11	-
Gain (Loss) on Sale of Assets	0.13	0.13	-0.01	0.17	-	-
Asset Writedown	-0.2	-0.01	-0.18	-0.81	-0.08	-0
Other Unusual Items	14.45	10.37	6.82	2.08	0.46	2.97
Pretax Income	106.32	108.95	136.95	129.25	119.18	109.03
Income Tax Expense	19.73	12.93	17.03	17.7	16.03	14.47
Earnings From Continuing Operations	86.59	96.02	119.92	111.55	103.15	94.56
Minority Interest in Earnings	0.2	0.26	0.35	-1.11	-1.98	-1.39
Net Income	86.79	96.28	120.27	110.43	101.16	93.17
Net Income to Common	86.79	96.28	120.27	110.43	101.16	93.17
Net Income Growth	-27.90%	-19.95%	8.91%	9.16%	8.58%	17.77%
Shares Outstanding (Basic)	105	105	105	96	86	85
Shares Outstanding (Diluted)	105	105	105	98	86	85
Shares Change (YoY)	-0.15%	0.07%	7.02%	13.03%	1.16%	-0.60%
EPS (Basic)	0.83	0.92	1.15	1.15	1.18	1.09
EPS (Diluted)	0.83	0.92	1.15	1.13	1.17	1.09
EPS Growth	-27.79%	-20.00%	1.77%	-3.42%	7.34%	18.48%
Free Cash Flow	101.59	20.6	74.54	41.53	69.53	35.36
Free Cash Flow Per Share	0.97	0.20	0.71	0.42	0.80	0.41
Dividend Per Share	0.350	0.350	0.250	0.220	0.200	0.180
Dividend Growth	40.00%	40.00%	13.64%	10.00%	11.11%	20.00%
Gross Margin	52.00%	51.86%	60.80%	57.82%	58.10%	58.27%
Operating Margin	7.82%	7.61%	10.94%	11.53%	11.61%	11.61%
Profit Margin	7.80%	8.44%	12.35%	11.26%	10.38%	10.50%
Free Cash Flow Margin	9.13%	1.81%	7.65%	4.23%	7.14%	3.98%
EBITDA	124.31	123.15	139.04	142.92	130.16	117.8
EBITDA Margin	11.17%	10.79%	14.28%	14.57%	13.36%	13.27%
D&A For EBITDA	37.3	36.34	32.51	29.81	17.07	14.74
EBIT	87.01	86.81	106.53	113.11	113.1	103.05
EBIT Margin	7.82%	7.61%	10.94%	11.53%	11.61%	11.61%
Effective Tax Rate	18.56%	11.87%	12.43%	13.70%	13.45%	13.27%
Revenue as Reported	1,113	1,141	973.86	980.83	974.29	887.48
Advertising Expenses	-	1.3	5.04	1.09	1.76	3.68