SHE:300019 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	3,802	3,737	3,150	2,583	2,685	2,550
Other Revenue	13.94	13.94	8.51	22.26	9.75	5.94
Revenue	3,816	3,751	3,159	2,606	2,694	2,556
Revenue Growth (YoY)	10.19%	18.75%	21.24%	-3.30%	5.43%	67.74%
Cost of Revenue	3,046	2,965	2,501	1,949	2,170	1,999
Gross Profit	769.43	786	658.19	656.76	524.79	556.7
Selling, General & Admin	288.69	298.83	276.56	194.51	145.53	144.41
Research & Development	112.08	117.83	111.87	102.27	109.92	109.91
Other Operating Expenses	28.25	23.51	6.28	5.44	13.01	16.98
Operating Expenses	436.53	445.78	401.93	321.58	276.65	285.61
Operating Income	332.9	340.22	256.26	335.18	248.14	271.08
Interest Expense	-6.9	-8.08	-8.16	-8.07	-4.93	-5.47
Interest & Investment Income	13.39	13.57	19.77	22.09	16.26	13.15
Currency Exchange Gain (Loss)	-1.61	-1.61	2.83	0.31	0.75	-0.71
Other Non Operating Income (Expenses)	-26.73	-3.17	-1.44	-1.34	-1.49	-0.52
EBT Excluding Unusual Items	311.04	340.93	269.28	348.17	258.73	277.54
Gain (Loss) on Sale of Investments	6.52	5.85	-	0.32	1.19	-
Gain (Loss) on Sale of Assets	0.21	0.09	0.62	-7.53	-1.03	-1.58
Asset Writedown	-22.46	-22.17	-0.39	-0.38	-0.18	-2.76
Legal Settlements	-10.47	-10.47	-0.27	-	-	-
Other Unusual Items	26.91	26.64	9.78	14.91	17.58	26.14
Pretax Income	311.76	340.87	279.02	355.49	276.29	299.35
Income Tax Expense	58.16	62.37	38.17	40.33	25.96	31.67
Earnings From Continuing Operations	253.6	278.51	240.85	315.16	250.32	267.67
Minority Interest in Earnings	-	-	-3.33	-	-	-
Net Income	253.6	278.51	237.53	315.16	250.32	267.67
Net Income to Common	253.6	278.51	237.53	315.16	250.32	267.67
Net Income Growth	-5.48%	17.25%	-24.63%	25.90%	-6.48%	33.00%
Shares Outstanding (Basic)	393	393	392	391	391	381
Shares Outstanding (Diluted)	393	393	392	391	391	381
Shares Change (YoY)	0.27%	0.39%	0.13%	-0.02%	2.64%	15.16%
EPS (Basic)	0.65	0.71	0.61	0.81	0.64	0.70
EPS (Diluted)	0.65	0.71	0.61	0.81	0.64	0.70
EPS Growth	-5.74%	16.80%	-24.73%	25.92%	-8.88%	15.49%
Free Cash Flow	394.9	446.13	314.84	246.54	19.44	87.71
Free Cash Flow Per Share	1.00	1.14	0.80	0.63	0.05	0.23
Dividend Per Share	0.300	0.300	0.300	0.300	0.300	0.300
Dividend Growth	-	-	-	-	-	50.00%
Gross Margin	20.16%	20.95%	20.84%	25.20%	19.48%	21.78%
Operating Margin	8.72%	9.07%	8.11%	12.86%	9.21%	10.61%
Profit Margin	6.65%	7.42%	7.52%	12.10%	9.29%	10.47%
Free Cash Flow Margin	10.35%	11.89%	9.97%	9.46%	0.72%	3.43%
EBITDA	442.77	444.24	336.88	395.48	303.84	320.67
EBITDA Margin	11.60%	11.84%	10.66%	15.18%	11.28%	12.55%
D&A For EBITDA	109.87	104.02	80.62	60.3	55.7	49.59
EBIT	332.9	340.22	256.26	335.18	248.14	271.08
EBIT Margin	8.72%	9.07%	8.11%	12.86%	9.21%	10.61%
Effective Tax Rate	18.65%	18.30%	13.68%	11.34%	9.40%	10.58%
Revenue as Reported	3,816	3,751	3,159	2,606	2,694	2,556
Advertising Expenses	-	13.67	11.66	10.96	6.04	6.14

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