SHE:300171 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	5,197	5,226	5,002	5,632	5,466	4,189
Other Revenue	6.6	6.6	8.11	10	3.15	3.82
Revenue	5,204	5,233	5,010	5,642	5,469	4,192
Revenue Growth (YoY)	3.28%	4.45%	-11.19%	3.15%	30.46%	54.83%
Cost of Revenue	3,751	3,841	3,706	3,756	3,383	2,288
Gross Profit	1,453	1,392	1,305	1,885	2,087	1,904
Selling, General & Admin	900.28	890.32	839.28	874.68	729.57	567.49
Research & Development	329.1	337.66	346.29	379.53	332.85	284.5
Other Operating Expenses	17.31	16.34	-4.52	25.23	31.86	16.48
Operating Expenses	1,213	1,220	1,201	1,292	1,220	965.9
Operating Income	239.89	171.93	103.11	593.08	866.43	938.06
Interest Expense	-1.64	-1.66	-0.17	-0.24	-0.32	-0.25
Interest & Investment Income	64.28	80.48	37.03	43.26	45.92	14.25
Currency Exchange Gain (Loss)	-15.2	-15.2	-6.33	14.21	18.95	-3.28
Other Non Operating Income (Expenses)	-37.35	-5.12	-5.02	-4	-6.43	-4.98
EBT Excluding Unusual Items	249.99	230.43	128.62	646.31	924.55	943.79
Impairment of Goodwill	-9.38	-9.38	-	-	-	-
Gain (Loss) on Sale of Investments	14.64	13.23	10.6	21.36	22.93	44.94
Gain (Loss) on Sale of Assets	0.09	0.16	-0.03	0.04	0.22	0.2
Asset Writedown	-14.85	-	-0.65	-0.7	-0.74	-0.17
Legal Settlements	-	-	-	-1.03	-	-
Other Unusual Items	40.61	29.73	88.59	42.81	55.45	30.8
Pretax Income	281.1	264.17	227.12	708.79	1,002	1,020
Income Tax Expense	63.1	52.28	18.85	62.32	99.37	133.39
Earnings From Continuing Operations	217.99	211.89	208.27	646.47	903.04	886.17
Minority Interest in Earnings	-10.23	-11.51	-14.18	-46.23	-56.47	-58.39
Net Income	207.76	200.38	194.09	600.24	846.57	827.78
Net Income to Common	207.76	200.38	194.09	600.24	846.57	827.78
Net Income Growth	38.91%	3.24%	-67.66%	-29.10%	2.27%	78.59%
Shares Outstanding (Basic)	769	771	747	760	632	627
Shares Outstanding (Diluted)	769	771	747	760	637	637
Shares Change (YoY)	2.89%	3.24%	-1.75%	19.37%	-0.04%	1.66%
EPS (Basic)	0.27	0.26	0.26	0.79	1.34	1.32
EPS (Diluted)	0.27	0.26	0.26	0.79	1.33	1.30
EPS Growth	35.01%	-	-67.09%	-40.60%	2.31%	75.68%
Free Cash Flow	526.76	459.63	382.11	-1,019	-478.56	914.81
Free Cash Flow Per Share	0.69	0.60	0.51	-1.34	-0.75	1.44
Dividend Per Share	0.110	0.110	0.076	0.239	0.330	0.386
Dividend Growth	44.74%	44.74%	-68.23%	-27.52%	-14.43%	75.30%
Gross Margin	27.91%	26.60%	26.04%	33.42%	38.16%	45.41%
Operating Margin	4.61%	3.29%	2.06%	10.51%	15.84%	22.38%
Profit Margin	3.99%	3.83%	3.87%	10.64%	15.48%	19.74%
Free Cash Flow Margin	10.12%	8.78%	7.63%	-18.05%	-8.75%	21.82%
EBITDA	393.23	317.18	216.04	678.01	926.16	980.91
EBITDA Margin	7.56%	6.06%	4.31%	12.02%	16.93%	23.40%
D&A For EBITDA	153.33	145.25	112.93	84.92	59.74	42.85
EBIT	239.89	171.93	103.11	593.08	866.43	938.06
EBIT Margin	4.61%	3.28%	2.06%	10.51%	15.84%	22.38%
Effective Tax Rate	22.45%	19.79%	8.30%	8.79%	9.91%	13.08%
Revenue as Reported	5,204	5,233	5,010	5,642	5,469	4,192
Advertising Expenses	-	27.24	30.69	31.63	40.4	63.6

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