SHE:300320 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	3,498	3,494	3,229	2,640	2,535	2,469
Other Revenue	103.86	103.86	77.84	94.85	94.52	53.52
Revenue	3,602	3,598	3,306	2,735	2,630	2,523
Revenue Growth (YoY)	3.32%	8.83%	20.89%	4.00%	4.24%	11.47%
Cost of Revenue	2,937	2,956	2,741	2,250	2,197	1,997
Gross Profit	665.1	642.44	565.37	485.3	432.54	525.99
Selling, General & Admin	176.5	183.8	187.68	170.18	147.19	198.06
Research & Development	155.55	143.26	128.05	104.74	109.74	96.2
Other Operating Expenses	1.23	-4.72	2.84	1.24	14.32	14.07
Operating Expenses	323.17	312.24	341.09	315.48	306.43	331.89
Operating Income	341.93	330.2	224.28	169.81	126.11	194.1
Interest Expense	-10.4	-10.4	-11.6	-11.99	-12.56	-11.27
Interest & Investment Income	0.96	0.96	0.7	1.05	1.22	1.28
Currency Exchange Gain (Loss)	0.46	0.46	2.15	2.01	4.37	-1.37
Other Non Operating Income (Expenses)	11.53	-1.32	-3.8	-0.06	-0.89	-1.8
EBT Excluding Unusual Items	344.48	319.91	211.72	160.82	118.25	180.94
Impairment of Goodwill	-40.79	-40.79	-9.49	-2.83	-3.64	-4.28
Gain (Loss) on Sale of Investments	0	-	-1.89	-	-0.68	-0.11
Gain (Loss) on Sale of Assets	-0.06	0.3	-0.49	0.45	0.03	-0.27
Asset Writedown	-21.21	-4.26	-0.3	-0.26	-0.58	-0.09
Other Unusual Items	6.42	6.42	3.92	3.04	8	5.16
Pretax Income	288.84	281.58	203.47	161.22	121.37	181.35
Income Tax Expense	41.62	44.75	34.34	22.22	14.07	27.11
Earnings From Continuing Operations	247.23	236.83	169.13	139	107.31	154.24
Minority Interest in Earnings	-5.02	-4.46	-7.4	-3.69	-4.22	-5.92
Net Income	242.21	232.37	161.73	135.31	103.09	148.32
Net Income to Common	242.21	232.37	161.73	135.31	103.09	148.32
Net Income Growth	39.22%	43.67%	19.53%	31.26%	-30.49%	-24.16%
Shares Outstanding (Basic)	601	601	601	601	606	593
Shares Outstanding (Diluted)	601	601	601	601	606	593
Shares Change (YoY)	0.02%	-0.01%	0.02%	-0.87%	2.22%	0.11%
EPS (Basic)	0.40	0.39	0.27	0.23	0.17	0.25
EPS (Diluted)	0.40	0.39	0.27	0.23	0.17	0.25
EPS Growth	39.19%	43.68%	19.50%	32.41%	-32.00%	-24.24%
Free Cash Flow	323.21	286.93	4.84	-0.64	-24.18	44.77
Free Cash Flow Per Share	0.54	0.48	0.01	-0.00	-0.04	0.07
Dividend Per Share	0.050	0.050	0.038	0.025	0.020	0.025
Dividend Growth	31.58%	31.58%	52.00%	25.00%	-20.00%	-34.21%
Gross Margin	18.46%	17.85%	17.10%	17.74%	16.45%	20.85%
Operating Margin	9.49%	9.18%	6.78%	6.21%	4.79%	7.69%
Profit Margin	6.72%	6.46%	4.89%	4.95%	3.92%	5.88%
Free Cash Flow Margin	8.97%	7.97%	0.15%	-0.02%	-0.92%	1.77%
EBITDA	436.56	425.54	322.42	259.91	206.1	271.24
EBITDA Margin	12.12%	11.83%	9.75%	9.50%	7.84%	10.75%
D&A For EBITDA	94.64	95.34	98.14	90.1	79.99	77.14
EBIT	341.93	330.2	224.28	169.81	126.11	194.1
EBIT Margin	9.49%	9.18%	6.78%	6.21%	4.79%	7.69%
Effective Tax Rate	14.41%	15.89%	16.88%	13.78%	11.59%	14.95%
Revenue as Reported	3,598	3,598	3,306	2,735	2,630	2,523
Advertising Expenses	-	1.36	2.44	1.88	0.84	1.96

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