SHE:300144 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	2,133	2,162	2,322	1,870	420.2	1,133
Other Revenue	95.16	95.16	95.37	56.37	37.61	51.9
Revenue	2,228	2,258	2,417	1,926	457.81	1,185
Revenue Growth (YoY)	-8.01%	-6.60%	25.49%	320.76%	-61.36%	31.27%
Cost of Revenue	806.84	795.88	782.94	648.58	233.08	581.9
Gross Profit	1,421	1,462	1,634	1,278	224.74	602.97
Selling, General & Admin	360.2	370.42	312.84	234.59	409.54	320.06
Research & Development	36.72	39.03	41.26	30.01	18.45	41.18
Other Operating Expenses	49.2	45.35	40.02	27.3	27.51	22.37
Operating Expenses	446.33	454.78	394.27	292.03	455.49	383.42
Operating Income	974.57	1,007	1,240	985.71	-230.75	219.55
Interest Expense	-17.09	-17.52	-19.53	-28.21	-31.62	-32.79
Interest & Investment Income	65.26	64.71	83.27	65.55	180.85	209.13
Currency Exchange Gain (Loss)	-	-	-	-	8.93	9.28
Other Non Operating Income (Expenses)	-2.72	-3.08	-6.24	-9.75	-1.72	-19.6
EBT Excluding Unusual Items	1,020	1,051	1,298	1,013	-74.31	385.57
Impairment of Goodwill	-	-	-	-	-	-10.08
Gain (Loss) on Sale of Investments	-1.69	-1.03	4.08	-925.71	-2.49	-12.1
Gain (Loss) on Sale of Assets	-3.89	0.03	0.06	0.36	2.13	4.51
Asset Writedown	-10.14	-10.14	-19.3	-49.27	-6.85	-32.22
Other Unusual Items	28.97	24.47	20.12	4.54	10.28	8.16
Pretax Income	1,033	1,064	1,303	43.22	-71.24	343.84
Income Tax Expense	220.21	213.11	227.45	151.81	3.48	41.25
Earnings From Continuing Operations	813.06	851.25	1,075	-108.59	-74.73	302.59
Minority Interest in Earnings	-32.87	-33.58	-26.31	-1.32	26.98	12.54
Net Income	780.19	817.67	1,049	-109.91	-47.75	315.13
Net Income to Common	780.19	817.67	1,049	-109.91	-47.75	315.13
Net Income Growth	-25.41%	-22.03%	-	-	-	-
Shares Outstanding (Basic)	2,621	2,621	2,616	2,617	2,609	2,615
Shares Outstanding (Diluted)	2,621	2,621	2,616	2,617	2,609	2,615
Shares Change (YoY)	0.12%	0.18%	-0.04%	0.30%	-0.23%	0.02%
EPS (Basic)	0.30	0.31	0.40	-0.04	-0.02	0.12
EPS (Diluted)	0.30	0.31	0.40	-0.04	-0.02	0.12
EPS Growth	-25.50%	-22.18%	-	-	-	-
Free Cash Flow	1,216	1,278	1,118	1,022	86.28	56.63
Free Cash Flow Per Share	0.46	0.49	0.43	0.39	0.03	0.02
Dividend Per Share	0.250	0.250	0.200	0.100	0.050	0.050
Dividend Growth	25.00%	25.00%	100.00%	100.00%	-	-
Gross Margin	63.78%	64.75%	67.61%	66.33%	49.09%	50.89%
Operating Margin	43.75%	44.60%	51.30%	51.17%	-50.40%	18.53%
Profit Margin	35.02%	36.22%	43.39%	-5.71%	-10.43%	26.60%
Free Cash Flow Margin	54.60%	56.63%	46.25%	53.07%	18.85%	4.78%
EBITDA	1,242	1,277	1,520	1,259	61.11	511.96
EBITDA Margin	55.77%	56.57%	62.89%	65.37%	13.35%	43.21%
D&A For EBITDA	267.86	270.3	280.08	273.47	291.86	292.41
EBIT	974.57	1,007	1,240	985.71	-230.75	219.55
EBIT Margin	43.75%	44.60%	51.30%	51.17%	-50.40%	18.53%
Effective Tax Rate	21.31%	20.02%	17.46%	351.25%	-	12.00%
Revenue as Reported	2,228	2,258	2,417	1,926	457.81	1,185
Advertising Expenses	-	145.99	88.27	57.91	8.4	40.99

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