SHE:300017 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	4,501	4,620	4,891	4,671	5,056	4,552
Other Revenue	40.77	40.77	40.84	34.55	27.77	22.65
Revenue	4,541	4,661	4,932	4,705	5,084	4,575
Revenue Growth (YoY)	-10.02%	-5.50%	4.81%	-7.45%	11.13%	-19.55%
Cost of Revenue	2,853	3,004	3,384	3,199	3,753	3,418
Gross Profit	1,688	1,657	1,548	1,507	1,331	1,157
Selling, General & Admin	786.82	754.95	707	690.28	658.58	696.75
Research & Development	397.89	409.44	454	481.78	504.4	543.19
Other Operating Expenses	21.45	18.19	13.85	14.06	13.57	13
Operating Expenses	1,211	1,183	1,164	1,161	1,189	1,255
Operating Income	477.15	473.43	383.48	345.93	141.78	-98.29
Interest Expense	-13.66	-14.42	-7.29	-7.63	-16.45	-14.13
Interest & Investment Income	282.12	315.29	213.05	253.47	60.05	154.85
Currency Exchange Gain (Loss)	-81.79	-81.79	42.46	26.9	34.25	-9.27
Other Non Operating Income (Expenses)	-57.17	-1.06	-14.22	-1.32	-2.54	-3.09
EBT Excluding Unusual Items	606.65	691.45	617.48	617.35	217.08	30.06
Gain (Loss) on Sale of Investments	133.21	127.02	38.31	-4.16	-18.53	102.76
Gain (Loss) on Sale of Assets	4.95	5.65	24.35	3.14	7.86	7.6
Asset Writedown	-4.47	-4.47	-7.48	-43.66	-37.55	-48.23
Other Unusual Items	43.21	39.94	54.06	78.77	25.21	45.54
Pretax Income	783.55	859.59	726.73	651.43	194.07	137.74
Income Tax Expense	57.95	64.4	55.55	44.99	9.94	-25.95
Earnings From Continuing Operations	725.61	795.19	671.17	606.44	184.13	163.69
Minority Interest in Earnings	2.83	4.34	3.35	6.66	6.46	1.55
Net Income	728.43	799.53	674.52	613.1	190.59	165.24
Net Income to Common	728.43	799.53	674.52	613.1	190.59	165.24
Net Income Growth	0.08%	18.53%	10.02%	221.68%	15.34%	-24.89%
Shares Outstanding (Basic)	2,427	2,423	2,409	2,452	2,382	2,361
Shares Outstanding (Diluted)	2,508	2,499	2,498	2,452	2,382	2,361
Shares Change (YoY)	0.27%	0.01%	1.87%	2.94%	0.92%	-3.43%
EPS (Basic)	0.30	0.33	0.28	0.25	0.08	0.07
EPS (Diluted)	0.29	0.32	0.27	0.25	0.08	0.07
EPS Growth	-0.19%	18.52%	8.00%	212.50%	14.29%	-22.22%
Free Cash Flow	720.76	821.29	731.31	705.04	743.01	580.69
Free Cash Flow Per Share	0.29	0.33	0.29	0.29	0.31	0.25
Dividend Per Share	0.250	0.250	0.250	0.250	0.050	0.030
Dividend Growth	-	-	-	400.00%	66.67%	200.00%
Gross Margin	37.17%	35.55%	31.38%	32.02%	26.18%	25.29%
Operating Margin	10.51%	10.16%	7.78%	7.35%	2.79%	-2.15%
Profit Margin	16.04%	17.15%	13.68%	13.03%	3.75%	3.61%
Free Cash Flow Margin	15.87%	17.62%	14.83%	14.98%	14.61%	12.69%
EBITDA	617.34	632.04	615.77	670.35	538.19	387.16
EBITDA Margin	13.59%	13.56%	12.48%	14.25%	10.59%	8.46%
D&A For EBITDA	140.19	158.61	232.29	324.42	396.41	485.45
EBIT	477.15	473.43	383.48	345.93	141.78	-98.29
EBIT Margin	10.51%	10.16%	7.78%	7.35%	2.79%	-2.15%
Effective Tax Rate	7.40%	7.49%	7.64%	6.91%	5.12%	-
Revenue as Reported	4,541	4,661	4,932	4,705	5,084	4,575
Advertising Expenses	-	10.1	10.09	10.91	8.17	9.95

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