SHE:300119 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	3,375	3,371	3,045	2,684	2,063	1,987
Other Revenue	27.56	27.56	25.33	24.98	21.44	20.23
Revenue	3,403	3,398	3,070	2,709	2,084	2,007
Revenue Growth (YoY)	6.11%	10.70%	13.32%	29.98%	3.84%	0.34%
Cost of Revenue	2,019	2,004	1,820	1,527	1,075	969.26
Gross Profit	1,384	1,395	1,250	1,182	1,010	1,038
Selling, General & Admin	703.96	708.73	640.33	584.43	486.89	529.17
Research & Development	249.12	251.74	196.04	172.47	132.1	116.64
Other Operating Expenses	26.45	23.11	21.89	20.04	20.4	18.97
Operating Expenses	1,008	1,012	874.82	803.78	659.1	682.72
Operating Income	375.81	382.25	375.04	378.65	350.43	355.16
Interest Expense	-35.16	-35.16	-31.21	-25.42	-28.43	-23.82
Interest & Investment Income	45.77	36.71	14.11	20.81	15.25	24.27
Currency Exchange Gain (Loss)	-0.14	-0.14	0.78	0.51	0.41	-0.28
Other Non Operating Income (Expenses)	3.4	-7.6	-5.59	-6.12	0.43	-3.21
EBT Excluding Unusual Items	389.68	376.06	353.12	368.42	338.1	352.12
Gain (Loss) on Sale of Investments	55.6	75.83	-10.71	61.26	51.38	113.8
Gain (Loss) on Sale of Assets	3.82	3.82	-0.02	114.09	-0.01	0.1
Asset Writedown	-1.65	-1.3	-0.14	-0.47	-0.11	-9.1
Other Unusual Items	16.27	16.27	26.04	27.89	22.16	30.88
Pretax Income	463.72	470.69	368.29	571.19	413.81	487.79
Income Tax Expense	31.95	36.22	38.46	56.18	40.04	54.2
Earnings From Continuing Operations	431.77	434.47	329.83	515	373.77	433.59
Minority Interest in Earnings	-39.47	-33.96	-29.11	-61.41	-27.07	-20.81
Net Income	392.31	400.51	300.72	453.59	346.7	412.78
Net Income to Common	392.31	400.51	300.72	453.59	346.7	412.78
Net Income Growth	20.19%	33.18%	-33.70%	30.83%	-16.01%	3.66%
Shares Outstanding (Basic)	454	454	460	464	463	402
Shares Outstanding (Diluted)	454	454	460	464	463	402
Shares Change (YoY)	-1.04%	-1.29%	-0.69%	0.11%	15.06%	1.61%
EPS (Basic)	0.86	0.88	0.65	0.98	0.75	1.03
EPS (Diluted)	0.86	0.88	0.65	0.98	0.75	1.03
EPS Growth	21.46%	34.93%	-33.24%	30.69%	-27.00%	2.02%
Free Cash Flow	72.97	121.43	550.21	158.47	17.05	76.75
Free Cash Flow Per Share	0.16	0.27	1.20	0.34	0.04	0.19
Dividend Per Share	0.400	0.400	0.300	0.400	0.300	0.350
Dividend Growth	33.33%	33.33%	-25.00%	33.33%	-14.29%	-12.50%
Gross Margin	40.67%	41.04%	40.71%	43.65%	48.44%	51.71%
Operating Margin	11.04%	11.25%	12.22%	13.98%	16.81%	17.70%
Profit Margin	11.53%	11.79%	9.80%	16.74%	16.63%	20.57%
Free Cash Flow Margin	2.14%	3.57%	17.92%	5.85%	0.82%	3.82%
EBITDA	590.41	592.74	569.07	517.4	457.89	439.13
EBITDA Margin	17.35%	17.44%	18.54%	19.10%	21.97%	21.88%
D&A For EBITDA	214.6	210.49	194.03	138.76	107.45	83.97
EBIT	375.81	382.25	375.04	378.65	350.43	355.16
EBIT Margin	11.04%	11.25%	12.22%	13.98%	16.81%	17.70%
Effective Tax Rate	6.89%	7.70%	10.44%	9.84%	9.68%	11.11%
Revenue as Reported	3,398	3,398	3,070	2,709	2,084	2,007
Advertising Expenses	-	16.17	13.04	7.44	6.64	7.72

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