SHE:300003 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	6,280	6,344	6,059	7,916	10,553	10,613
Other Revenue	138.99	138.99	44.2	64.24	56.93	46.74
Revenue	6,419	6,483	6,103	7,980	10,609	10,660
Revenue Growth (YoY)	8.47%	6.22%	-23.52%	-24.79%	-0.47%	32.61%
Cost of Revenue	2,455	2,445	2,556	2,982	4,021	4,166
Gross Profit	3,963	4,038	3,547	4,998	6,588	6,494
Selling, General & Admin	1,816	1,878	2,236	2,440	2,776	2,858
Research & Development	829.6	792.38	769.56	879.42	957.06	907.94
Other Operating Expenses	97.7	69.43	63.28	58.37	33.9	103.14
Operating Expenses	2,785	2,779	3,119	3,404	3,793	3,882
Operating Income	1,178	1,259	427.99	1,594	2,795	2,612
Interest Expense	-279.28	-176.64	-181	-170.65	-188.78	-228.49
Interest & Investment Income	103.38	120.96	115.51	115.34	87.99	57.59
Currency Exchange Gain (Loss)	-49.71	-49.71	26.91	-25.38	16.14	6.58
Other Non Operating Income (Expenses)	-37.01	-31.3	-34.13	-4.22	-25.77	-79.03
EBT Excluding Unusual Items	915.55	1,122	355.29	1,509	2,684	2,368
Impairment of Goodwill	-	-	-62.95	-33.45	-	-
Gain (Loss) on Sale of Investments	0.48	1.55	-89.32	-13.44	-70.91	-367.54
Gain (Loss) on Sale of Assets	5.17	4.87	11.73	-4.07	0.02	19.9
Asset Writedown	-38.14	-39.62	-65.5	-6.93	-1.72	-2.39
Other Unusual Items	126.9	126.9	76.52	103.55	-	127.71
Pretax Income	1,010	1,216	225.76	1,554	2,612	2,146
Income Tax Expense	144.98	197.07	28.47	262.15	365.73	365.73
Earnings From Continuing Operations	864.98	1,019	197.29	1,292	2,246	1,780
Minority Interest in Earnings	-34.7	-57	49.64	-34.15	-42.28	-61.09
Net Income	830.28	962.01	246.94	1,258	2,204	1,719
Net Income to Common	830.28	962.01	246.94	1,258	2,204	1,719
Net Income Growth	478.16%	289.57%	-80.37%	-42.91%	28.18%	-4.58%
Shares Outstanding (Basic)	1,843	1,843	1,848	1,862	1,802	1,792
Shares Outstanding (Diluted)	1,843	1,843	1,848	1,862	1,817	1,808
Shares Change (YoY)	-0.10%	-0.27%	-0.74%	2.48%	0.50%	1.75%
EPS (Basic)	0.45	0.52	0.13	0.68	1.22	0.96
EPS (Diluted)	0.45	0.52	0.13	0.68	1.21	0.95
EPS Growth	478.71%	290.64%	-80.23%	-44.29%	27.54%	-6.22%
Free Cash Flow	612.61	873.86	75.82	145.69	1,885	2,078
Free Cash Flow Per Share	0.33	0.47	0.04	0.08	1.04	1.15
Dividend Per Share	0.326	0.326	0.277	0.331	0.341	0.275
Dividend Growth	17.51%	17.51%	-16.42%	-2.81%	24.00%	20.61%
Gross Margin	61.75%	62.28%	58.12%	62.63%	62.10%	60.92%
Operating Margin	18.36%	19.42%	7.01%	19.97%	26.34%	24.50%
Profit Margin	12.94%	14.84%	4.05%	15.77%	20.77%	16.13%
Free Cash Flow Margin	9.54%	13.48%	1.24%	1.83%	17.77%	19.49%
EBITDA	-	1,841	927.05	2,040	3,205	3,004
EBITDA Margin	-	28.40%	15.19%	25.57%	30.21%	28.18%
D&A For EBITDA	-	581.89	499.06	446.75	410.11	392.37
EBIT	1,178	1,259	427.99	1,594	2,795	2,612
EBIT Margin	18.36%	19.42%	7.01%	19.97%	26.34%	24.50%
Effective Tax Rate	14.36%	16.21%	12.61%	16.86%	14.00%	17.04%
Revenue as Reported	6,419	6,483	6,103	7,980	10,609	10,660
Advertising Expenses	-	20.19	28.49	84.23	60.08	76.04

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