SHE:300009 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	2,556	2,643	2,533	2,861	2,327	2,160
Other Revenue	3.19	3.19	2.65	4.57	4.18	8.5
Revenue	2,559	2,647	2,536	2,866	2,331	2,169
Revenue Growth (YoY)	2.02%	4.36%	-11.51%	22.94%	7.48%	27.47%
Cost of Revenue	647.97	660.63	581.16	626.15	513.47	436.15
Gross Profit	1,912	1,986	1,955	2,240	1,818	1,733
Selling, General & Admin	919.91	947.93	986.63	1,035	871.18	942.68
Research & Development	221.58	219.45	201.29	254.68	166.01	166.54
Other Operating Expenses	17.82	9.8	0.68	17.21	19.32	19.47
Operating Expenses	1,165	1,186	1,196	1,327	1,062	1,133
Operating Income	746.98	800.39	759.09	912.92	755.7	599.3
Interest Expense	-1.47	-1.93	-2.4	-1.87	-1.52	-1.62
Interest & Investment Income	15.72	21.68	20.42	5.89	9.61	11.52
Currency Exchange Gain (Loss)	-2.97	-2.97	0.08	0.86	0.06	3.92
Other Non Operating Income (Expenses)	-0.48	-3.36	-2.79	-1.11	26.47	-12.29
EBT Excluding Unusual Items	757.77	813.81	774.4	916.69	790.32	600.83
Impairment of Goodwill	-	-	-	-	-	-322.6
Gain (Loss) on Sale of Investments	7.02	1.88	10.52	-15.44	19.86	-2.24
Gain (Loss) on Sale of Assets	5.95	6.3	1.09	0.12	-1.2	1.68
Asset Writedown	-0.38	-0.38	-0.15	-1.49	-4.47	-0.84
Other Unusual Items	12.06	11.55	17.16	20.05	29.34	18.28
Pretax Income	782.43	833.16	803.02	919.93	833.85	295.12
Income Tax Expense	76.24	85.82	87.18	61.34	96.19	91.73
Earnings From Continuing Operations	706.19	747.34	715.84	858.59	737.66	203.39
Minority Interest in Earnings	-12.41	-12.15	-8.89	-11.36	-34.4	3.24
Net Income	693.78	735.19	706.95	847.23	703.26	206.63
Net Income to Common	693.78	735.19	706.95	847.23	703.26	206.63
Net Income Growth	-0.63%	4.00%	-16.56%	20.47%	240.35%	-42.44%
Shares Outstanding (Basic)	1,654	1,671	1,683	1,674	1,635	1,589
Shares Outstanding (Diluted)	1,654	1,671	1,683	1,674	1,635	1,589
Shares Change (YoY)	-2.66%	-0.73%	0.57%	2.34%	2.90%	-2.58%
EPS (Basic)	0.42	0.44	0.42	0.51	0.43	0.13
EPS (Diluted)	0.42	0.44	0.42	0.51	0.43	0.13
EPS Growth	2.08%	4.76%	-17.03%	17.72%	230.77%	-40.91%
Free Cash Flow	679.03	736.33	568.15	757.64	224.64	460.94
Free Cash Flow Per Share	0.41	0.44	0.34	0.45	0.14	0.29
Dividend Per Share	0.250	0.250	0.250	0.250	0.250	0.200
Dividend Growth	-	-	-	-	25.00%	19.98%
Gross Margin	74.68%	75.04%	77.08%	78.15%	77.97%	79.89%
Operating Margin	29.18%	30.24%	29.93%	31.86%	32.42%	27.63%
Profit Margin	27.11%	27.78%	27.88%	29.56%	30.17%	9.53%
Free Cash Flow Margin	26.53%	27.82%	22.40%	26.44%	9.64%	21.25%
EBITDA	862.68	915.31	870.9	993.44	836.21	676.71
EBITDA Margin	33.70%	34.59%	34.34%	34.67%	35.87%	31.20%
D&A For EBITDA	115.71	114.93	111.8	80.52	80.5	77.41
EBIT	746.98	800.39	759.09	912.92	755.7	599.3
EBIT Margin	29.18%	30.24%	29.93%	31.86%	32.42%	27.63%
Effective Tax Rate	9.74%	10.30%	10.86%	6.67%	11.54%	31.08%
Revenue as Reported	2,559	2,647	2,536	2,866	2,331	2,169
Advertising Expenses	-	57.52	33.44	11.12	8.24	9.96

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