SHE:300294 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	Dec '21 Dec 31, 2021
Operating Revenue	1,843	2,058	1,734	2,651	2,761	2,645
Other Revenue	0.99	0.99	0.79	0.85	-2.22	5.21
Revenue	1,844	2,059	1,735	2,652	2,759	2,651
Revenue Growth (YoY)	1.21%	18.69%	-34.58%	-3.87%	4.08%	5.47%
Cost of Revenue	968.48	1,043	615.97	1,259	1,255	1,187
Gross Profit	875.86	1,016	1,119	1,393	1,504	1,463
Selling, General & Admin	622.92	648.36	603.65	774.85	923.64	969.52
Research & Development	48.22	54.55	66.89	67.7	49.58	59.29
Other Operating Expenses	35.27	18.23	17.47	18.98	20.83	19.99
Operating Expenses	721.87	742.66	696.81	863.9	996.86	1,049
Operating Income	153.99	272.95	422.12	529.38	507.16	414.49
Interest Expense	-1.7	-1.16	-0.66	-0.46	-0.62	-10.53
Interest & Investment Income	39.57	37.42	42.49	45.31	64.93	63.9
Currency Exchange Gain (Loss)	6.61	6.61	-2.77	-	-	-
Other Non Operating Income (Expenses)	3.61	-2.54	0.87	-0.43	4.02	-8.3
EBT Excluding Unusual Items	202.09	313.28	462.05	573.81	575.49	459.57
Impairment of Goodwill	-110.47	-110.47	-72.61	-298.41	-	-
Gain (Loss) on Sale of Investments	41.97	59.98	65.58	85.74	-	10.71
Gain (Loss) on Sale of Assets	4.73	5.1	-0.61	1.3	0.07	-0.87
Asset Writedown	-199.04	-199.11	-11.18	-28.31	-51.03	-36.37
Other Unusual Items	37.25	35.1	34.49	19.59	7.47	10.08
Pretax Income	-23.47	103.88	477.71	353.71	532	443.12
Income Tax Expense	-26.85	-8.76	81.19	105.56	86.51	84.84
Earnings From Continuing Operations	3.38	112.64	396.53	248.15	445.49	358.28
Minority Interest in Earnings	0.05	0.06	0.46	-10.68	-13.29	-13.75
Net Income	3.44	112.7	396.99	237.47	432.2	344.53
Net Income to Common	3.44	112.7	396.99	237.47	432.2	344.53
Net Income Growth	-99.11%	-71.61%	67.18%	-45.06%	25.45%	32.48%
Shares Outstanding (Basic)	514	512	503	505	503	436
Shares Outstanding (Diluted)	514	512	503	505	503	436
Shares Change (YoY)	2.65%	1.94%	-0.54%	0.53%	15.24%	2.30%
EPS (Basic)	0.01	0.22	0.79	0.47	0.86	0.79
EPS (Diluted)	0.01	0.22	0.79	0.47	0.86	0.79
EPS Growth	-99.13%	-72.15%	68.08%	-45.35%	8.86%	29.51%
Free Cash Flow	-627.32	-474.15	101.99	554.23	458.03	1,277
Free Cash Flow Per Share	-1.22	-0.93	0.20	1.10	0.91	2.93
Dividend Per Share	0.223	0.223	0.320	0.300	0.200	0.150
Dividend Growth	-30.31%	-30.31%	6.67%	50.00%	33.33%	130.77%
Gross Margin	47.49%	49.32%	64.50%	52.54%	54.52%	55.21%
Operating Margin	8.35%	13.26%	24.33%	19.96%	18.38%	15.64%
Profit Margin	0.19%	5.47%	22.88%	8.95%	15.67%	13.00%
Free Cash Flow Margin	-34.01%	-23.03%	5.88%	20.90%	16.60%	48.19%
EBITDA	307.62	415.82	521.95	624.38	600.38	510.65
EBITDA Margin	16.68%	20.19%	30.09%	23.54%	21.76%	19.27%
D&A For EBITDA	153.63	142.87	99.82	94.99	93.22	96.16
EBIT	153.99	272.95	422.12	529.38	507.16	414.49
EBIT Margin	8.35%	13.26%	24.33%	19.96%	18.38%	15.64%
Effective Tax Rate	-	-	16.99%	29.84%	16.26%	19.15%
Revenue as Reported	1,844	2,059	1,735	2,652	2,759	2,651
Advertising Expenses	-	4.55	3.26	2.73	1.82	2.5

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