SHE:002884 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	Dec '21 Dec 31, 2021
Operating Revenue	1,768	1,703	1,569	1,305	1,468	2,039
Other Revenue	19.66	19.66	22.89	10.64	15.62	24.22
Revenue	1,788	1,722	1,592	1,316	1,483	2,063
Revenue Growth (YoY)	9.44%	8.17%	21.02%	-11.32%	-28.09%	43.71%
Cost of Revenue	1,175	1,114	1,017	822.54	960.29	1,423
Gross Profit	613.18	608.37	574.92	493.03	523.17	639.96
Selling, General & Admin	53.09	54.41	45.3	38.5	35.86	44.27
Research & Development	56	54.14	51.06	45.92	50.17	64.24
Other Operating Expenses	9	8.46	12.05	11.67	12.6	10.89
Operating Expenses	117.11	116.04	109.85	98.58	93.37	124.05
Operating Income	496.07	492.33	465.06	394.46	429.8	515.91
Interest & Investment Income	19.43	19.57	28.78	35.97	28.4	32.44
Currency Exchange Gain (Loss)	1.88	1.88	10.24	4.47	14.52	-4.47
Other Non Operating Income (Expenses)	-8.07	-1.69	-2.84	-1.47	-0.33	-0.51
EBT Excluding Unusual Items	509.31	512.09	501.23	433.43	472.4	543.36
Gain (Loss) on Sale of Investments	9.83	14.62	9.48	6.25	11.86	9.23
Asset Writedown	-0.08	-0.1	0.02	-0.02	-0.78	-0.03
Other Unusual Items	3.04	3.04	4.61	3.98	3.59	2.78
Pretax Income	522.11	529.65	515.35	443.65	487.07	555.33
Income Tax Expense	73.59	74.74	72.94	59.95	65.13	72.02
Net Income	448.52	454.91	442.41	383.7	421.94	483.31
Net Income to Common	448.52	454.91	442.41	383.7	421.94	483.31
Net Income Growth	-0.80%	2.83%	15.30%	-9.06%	-12.70%	34.81%
Shares Outstanding (Basic)	359	358	357	359	358	355
Shares Outstanding (Diluted)	359	358	357	359	358	355
Shares Change (YoY)	0.89%	0.40%	-0.51%	0.29%	0.62%	3.09%
EPS (Basic)	1.25	1.27	1.24	1.07	1.18	1.36
EPS (Diluted)	1.25	1.27	1.24	1.07	1.18	1.36
EPS Growth	-1.68%	2.42%	15.89%	-9.32%	-13.23%	30.77%
Free Cash Flow	374.15	436.01	419.37	387.27	565.4	143.69
Free Cash Flow Per Share	1.04	1.22	1.18	1.08	1.58	0.40
Dividend Per Share	1.000	1.000	1.000	1.000	1.000	1.000
Dividend Growth	-	-	-	-	-	7.69%
Gross Margin	34.29%	35.33%	36.11%	37.48%	35.27%	31.02%
Operating Margin	27.75%	28.59%	29.21%	29.98%	28.97%	25.01%
Profit Margin	25.09%	26.41%	27.79%	29.17%	28.44%	23.43%
Free Cash Flow Margin	20.93%	25.32%	26.34%	29.44%	38.11%	6.97%
EBITDA	528.92	524.96	496.82	426.28	456.33	538.66
EBITDA Margin	29.58%	30.48%	31.21%	32.40%	30.76%	26.11%
D&A For EBITDA	32.85	32.63	31.76	31.82	26.54	22.75
EBIT	496.07	492.33	465.06	394.46	429.8	515.91
EBIT Margin	27.75%	28.59%	29.21%	29.98%	28.97%	25.01%
Effective Tax Rate	14.09%	14.11%	14.15%	13.51%	13.37%	12.97%
Revenue as Reported	1,722	1,722	1,592	1,316	1,483	2,063
Advertising Expenses	-	0.15	0.06	0.22	0.41	5.45

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