SHE:003023 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	1,159	1,139	1,295	1,289	1,168	1,135
Other Revenue	5.08	5.08	6.12	4.97	9.15	9.56
Revenue	1,164	1,144	1,302	1,294	1,177	1,144
Revenue Growth (YoY)	-6.76%	-12.07%	0.59%	9.96%	2.85%	7.47%
Cost of Revenue	675.54	660.63	742.8	740.54	661.8	643.21
Gross Profit	488.41	483.78	558.74	553.36	514.94	500.94
Selling, General & Admin	383.61	370.63	402.52	402.87	375.76	347.35
Research & Development	33.44	32.64	38.72	31.46	28.93	33.58
Other Operating Expenses	17.05	14.94	12.47	12.62	13.34	9.6
Operating Expenses	433.37	419.12	452.19	451.99	424.58	389.75
Operating Income	55.04	64.65	106.55	101.37	90.35	111.19
Interest Expense	-0.34	-0.27	-0.17	-0.16	-0.49	-0.39
Interest & Investment Income	15.89	17.04	19.32	18.94	17.68	15.44
Other Non Operating Income (Expenses)	0.09	-0.41	-0.34	-0.41	-1.71	-1.06
EBT Excluding Unusual Items	70.69	81.01	125.36	119.74	105.84	125.19
Gain (Loss) on Sale of Investments	0.04	0.58	1.19	0.18	0.27	0.57
Gain (Loss) on Sale of Assets	-3.88	-3.83	0.05	-0.25	-0.03	-0.09
Asset Writedown	-0.71	-0.06	-1.19	-0.06	-0.12	-0.16
Other Unusual Items	2.32	2.57	4.05	2.5	4.08	6.73
Pretax Income	68.46	80.26	129.47	122.11	110.05	132.23
Income Tax Expense	12.03	12.68	16.92	15.97	14.66	17.17
Earnings From Continuing Operations	56.43	67.58	112.55	106.14	95.38	115.06
Minority Interest in Earnings	-4.83	-3.91	-2.96	-2.18	-0.72	-4.2
Net Income	51.6	63.67	109.59	103.96	94.67	110.87
Net Income to Common	51.6	63.67	109.59	103.96	94.67	110.87
Net Income Growth	-50.09%	-41.90%	5.41%	9.82%	-14.61%	-1.51%
Shares Outstanding (Basic)	105	105	105	105	105	106
Shares Outstanding (Diluted)	105	105	105	105	105	106
Shares Change (YoY)	0.01%	0.00%	-0.00%	0.15%	-0.38%	33.49%
EPS (Basic)	0.49	0.60	1.04	0.99	0.90	1.05
EPS (Diluted)	0.49	0.60	1.04	0.99	0.90	1.05
EPS Growth	-50.10%	-41.90%	5.41%	9.66%	-14.29%	-26.22%
Free Cash Flow	-18.49	-67	31	258.42	50.41	14.3
Free Cash Flow Per Share	-0.18	-0.64	0.29	2.45	0.48	0.14
Dividend Per Share	0.350	0.350	0.400	0.400	0.350	0.300
Dividend Growth	-12.50%	-12.50%	-	14.29%	16.67%	-2.50%
Gross Margin	41.96%	42.27%	42.93%	42.77%	43.76%	43.78%
Operating Margin	4.73%	5.65%	8.19%	7.83%	7.68%	9.72%
Profit Margin	4.43%	5.56%	8.42%	8.04%	8.04%	9.69%
Free Cash Flow Margin	-1.59%	-5.85%	2.38%	19.97%	4.28%	1.25%
EBITDA	87.95	96.96	136.49	129.65	118.67	137.37
EBITDA Margin	7.56%	8.47%	10.49%	10.02%	10.08%	12.01%
D&A For EBITDA	32.91	32.31	29.93	28.28	28.32	26.18
EBIT	55.04	64.65	106.55	101.37	90.35	111.19
EBIT Margin	4.73%	5.65%	8.19%	7.83%	7.68%	9.72%
Effective Tax Rate	17.58%	15.80%	13.07%	13.08%	13.33%	12.98%
Revenue as Reported	1,164	1,144	1,302	1,294	1,177	1,144
Advertising Expenses	-	24.36	22.73	20.88	34.93	28.66

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