SHE:002949 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	1,116	1,181	1,154	1,499	1,822	2,873
Other Revenue	21.95	21.95	12.5	7.36	3.99	3.82
Revenue	1,138	1,203	1,167	1,507	1,825	2,876
Revenue Growth (YoY)	-5.36%	3.10%	-22.55%	-17.46%	-36.54%	51.87%
Cost of Revenue	804.96	871.59	757.37	1,021	1,292	2,276
Gross Profit	332.75	331.56	409.57	485.55	533.15	600.64
Selling, General & Admin	111.16	117.52	140.81	161.8	208.17	213.79
Research & Development	37.59	38.73	44.84	68.12	79.98	97.34
Other Operating Expenses	8.8	10.04	9.58	6.39	12.51	15.09
Operating Expenses	182.39	191.14	226.29	296.2	385.47	448.54
Operating Income	150.36	140.42	183.28	189.35	147.68	152.1
Interest Expense	-30.42	-30.42	-16.59	-8.37	-9.85	-12.46
Interest & Investment Income	22.9	18.87	9.58	14.5	19.97	19.28
Currency Exchange Gain (Loss)	-0.25	-0.25	-0.71	-0.91	0.41	0.13
Other Non Operating Income (Expenses)	-11.09	-3.94	-0.82	0.65	-3.44	-1.94
EBT Excluding Unusual Items	131.5	124.68	174.73	195.22	154.77	157.1
Impairment of Goodwill	-	-	-	-	-10.08	-
Gain (Loss) on Sale of Investments	2.05	1.62	0.63	0.91	4.15	1.83
Gain (Loss) on Sale of Assets	-0.41	0.35	0.58	5.64	1.46	0.41
Asset Writedown	-13.32	-8.55	-7.07	-1	-1.02	-0.14
Legal Settlements	-	-	-	-	-8.98	-
Other Unusual Items	2.15	2.15	0.37	13.94	19.98	-12.15
Pretax Income	121.97	120.25	169.25	214.71	160.29	147.06
Income Tax Expense	16.11	15.99	24.84	25.4	15.75	16.5
Earnings From Continuing Operations	105.86	104.26	144.4	189.31	144.54	130.55
Minority Interest in Earnings	-13.28	-13.67	-19.1	-27.98	-32.36	-25.2
Net Income	92.58	90.59	125.3	161.33	112.18	105.35
Net Income to Common	92.58	90.59	125.3	161.33	112.18	105.35
Net Income Growth	-25.74%	-27.70%	-22.33%	43.82%	6.48%	-39.20%
Shares Outstanding (Basic)	196	196	196	196	196	196
Shares Outstanding (Diluted)	196	196	199	208	205	205
Shares Change (YoY)	-1.76%	-1.68%	-4.10%	1.32%	0.13%	-3.35%
EPS (Basic)	0.47	0.46	0.64	0.82	0.57	0.54
EPS (Diluted)	0.47	0.46	0.63	0.78	0.55	0.51
EPS Growth	-24.41%	-26.46%	-19.01%	41.95%	6.34%	-37.09%
Free Cash Flow	198.44	134.86	48.73	216.86	109.69	91.88
Free Cash Flow Per Share	1.01	0.69	0.24	1.04	0.53	0.45
Dividend Per Share	0.200	0.200	0.350	0.800	0.300	0.300
Dividend Growth	-42.86%	-42.86%	-56.25%	166.67%	-	-25.00%
Gross Margin	29.25%	27.56%	35.10%	32.23%	29.21%	20.88%
Operating Margin	13.22%	11.67%	15.71%	12.57%	8.09%	5.29%
Profit Margin	8.14%	7.53%	10.74%	10.71%	6.14%	3.66%
Free Cash Flow Margin	17.44%	11.21%	4.18%	14.39%	6.01%	3.19%
EBITDA	194.74	183.45	220.89	220.92	179.3	190.33
EBITDA Margin	17.12%	15.25%	18.93%	14.66%	9.82%	6.62%
D&A For EBITDA	44.38	43.03	37.61	31.57	31.62	38.23
EBIT	150.36	140.42	183.28	189.35	147.68	152.1
EBIT Margin	13.22%	11.67%	15.71%	12.57%	8.09%	5.29%
Effective Tax Rate	13.21%	13.30%	14.68%	11.83%	9.83%	11.22%
Revenue as Reported	1,203	1,203	1,167	1,507	1,825	2,876
Advertising Expenses	-	3.09	2.2	3.82	1.43	4.97

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