SHE:002957 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	2,696	2,613	2,428	2,840	3,231	2,149
Other Revenue	19.23	19.23	19.58	17.71	14.82	12.36
Revenue	2,715	2,632	2,448	2,857	3,246	2,161
Revenue Growth (YoY)	11.31%	7.55%	-14.34%	-11.98%	50.20%	7.29%
Cost of Revenue	1,863	1,828	1,665	1,989	2,119	1,477
Gross Profit	851.68	804.74	782.84	868.41	1,128	683.96
Selling, General & Admin	265.57	262.13	279.52	299.87	284.21	239.97
Research & Development	316.8	302.51	290.88	370.03	401.83	371.02
Other Operating Expenses	-12.91	-13.98	-6.89	-6.32	6.85	-2.48
Operating Expenses	584.82	578.33	596.19	699.92	757.52	628
Operating Income	266.86	226.42	186.66	168.49	370.14	55.96
Interest Expense	-9.39	-12.74	-18.94	-18.62	-15.1	-9.7
Interest & Investment Income	112.28	112.05	21.01	56.22	23.34	50.47
Currency Exchange Gain (Loss)	-11.27	-11.27	12.25	3.55	37.58	-10.76
Other Non Operating Income (Expenses)	-8.33	-2.04	-0.32	-4.02	-4.11	-2.9
EBT Excluding Unusual Items	350.13	312.42	200.64	205.62	411.86	83.06
Gain (Loss) on Sale of Investments	17.01	14.05	-3.14	7.78	-5.14	3.81
Gain (Loss) on Sale of Assets	-2.65	-2.69	-0.24	0.83	0.96	0.21
Asset Writedown	-3.78	-0.59	-0.43	-0.35	-0.16	-0.33
Legal Settlements	-	-	0.16	3.44	-0.09	-
Other Unusual Items	6.53	9.11	6.35	36.12	24.45	17.27
Pretax Income	367.23	332.3	203.35	253.45	431.87	104.01
Income Tax Expense	32.81	24.93	20.5	27.82	48.1	9.35
Earnings From Continuing Operations	334.42	307.36	182.85	225.63	383.77	94.66
Minority Interest in Earnings	-36.17	-34.28	-43.48	-52.04	-70.72	-59.62
Net Income	298.25	273.08	139.38	173.59	313.05	35.04
Net Income to Common	298.25	273.08	139.38	173.59	313.05	35.04
Net Income Growth	98.76%	95.93%	-19.71%	-44.55%	793.38%	-88.05%
Shares Outstanding (Basic)	419	417	410	411	411	389
Shares Outstanding (Diluted)	419	418	410	411	411	389
Shares Change (YoY)	1.95%	1.74%	-0.23%	0.07%	5.57%	-4.38%
EPS (Basic)	0.71	0.65	0.34	0.42	0.76	0.09
EPS (Diluted)	0.71	0.65	0.34	0.42	0.76	0.09
EPS Growth	94.96%	92.58%	-19.53%	-44.59%	746.22%	-87.50%
Free Cash Flow	177.82	364.73	113.2	123	-243.32	-139.96
Free Cash Flow Per Share	0.42	0.87	0.28	0.30	-0.59	-0.36
Dividend Per Share	0.250	0.250	0.170	0.172	0.240	0.034
Dividend Growth	47.06%	47.06%	-1.16%	-28.33%	605.88%	-85.22%
Gross Margin	31.37%	30.57%	31.98%	30.39%	34.74%	31.65%
Operating Margin	9.83%	8.60%	7.63%	5.90%	11.40%	2.59%
Profit Margin	10.98%	10.37%	5.69%	6.08%	9.64%	1.62%
Free Cash Flow Margin	6.55%	13.86%	4.63%	4.30%	-7.50%	-6.48%
EBITDA	333.74	293	252	223.12	416.87	96.07
EBITDA Margin	12.29%	11.13%	10.29%	7.81%	12.84%	4.45%
D&A For EBITDA	66.89	66.58	65.34	54.64	46.73	40.11
EBIT	266.86	226.42	186.66	168.49	370.14	55.96
EBIT Margin	9.83%	8.60%	7.63%	5.90%	11.40%	2.59%
Effective Tax Rate	8.94%	7.50%	10.08%	10.98%	11.14%	8.99%
Revenue as Reported	2,715	2,632	2,448	2,857	3,246	2,161
Advertising Expenses	-	0.79	3.56	6.32	-	-

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