SHE:300416 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	2,175	2,137	1,920	2,012	1,702	1,407
Other Revenue	110.75	110.75	105.12	104.54	102.92	95.1
Revenue	2,286	2,248	2,026	2,117	1,805	1,502
Revenue Growth (YoY)	13.58%	10.97%	-4.31%	17.26%	20.21%	26.74%
Cost of Revenue	1,337	1,314	1,124	1,156	962.86	810.05
Gross Profit	948.54	933.72	901.1	960.24	842.27	691.6
Selling, General & Admin	393.72	387.46	391.74	362	341.85	282.16
Research & Development	178.71	174.19	164.4	166.65	134.49	116.84
Other Operating Expenses	6.33	3.37	2.45	10.41	7.49	4.63
Operating Expenses	608.88	590.76	598.42	568.27	508.17	428.15
Operating Income	339.65	342.97	302.67	391.97	334.11	263.44
Interest Expense	-27.19	-26.52	-28.03	-27.6	-37.17	-38.15
Interest & Investment Income	6.32	7.28	7.15	12.9	7.78	3.03
Earnings From Equity Investments	-0.83	-0.54	-2.94	-	-	-
Currency Exchange Gain (Loss)	-2.88	-2.88	2.53	2.56	4.72	0.43
Other Non Operating Income (Expenses)	-10.39	-12.49	-13.59	-12.71	-10.91	-8.24
EBT Excluding Unusual Items	304.69	307.81	267.78	367.12	298.52	220.51
Impairment of Goodwill	-2.03	-2.03	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-4.23	-3.18	-1.25
Gain (Loss) on Sale of Assets	-1.94	-0.88	0.92	-0.17	-1.34	-1.54
Asset Writedown	1.26	-0	-0.17	-	-1.58	-0.02
Other Unusual Items	17.86	15.69	26.58	42.74	42.49	28.44
Pretax Income	319.84	320.59	295.11	405.46	334.91	246.14
Income Tax Expense	34.95	36.66	23.62	36.69	23.27	24.96
Earnings From Continuing Operations	284.9	283.93	271.5	368.77	311.64	221.17
Minority Interest in Earnings	-24.81	-26.49	-42.09	-54.5	-41.74	-30.89
Net Income	260.08	257.44	229.41	314.27	269.91	190.29
Net Income to Common	260.08	257.44	229.41	314.27	269.91	190.29
Net Income Growth	14.00%	12.22%	-27.00%	16.44%	41.84%	54.19%
Shares Outstanding (Basic)	509	509	509	509	481	446
Shares Outstanding (Diluted)	509	509	509	509	481	446
Shares Change (YoY)	-0.01%	0.00%	0.01%	5.73%	7.77%	0.56%
EPS (Basic)	0.51	0.51	0.45	0.62	0.56	0.43
EPS (Diluted)	0.51	0.51	0.45	0.62	0.56	0.43
EPS Growth	14.00%	12.21%	-27.01%	10.12%	31.61%	53.33%
Free Cash Flow	195.25	295.51	109.52	-242.29	116.47	-132.05
Free Cash Flow Per Share	0.38	0.58	0.21	-0.48	0.24	-0.30
Dividend Per Share	0.150	0.150	0.150	0.150	0.115	0.089
Dividend Growth	-	-	-	29.98%	29.95%	30.01%
Gross Margin	41.50%	41.54%	44.49%	45.37%	46.66%	46.06%
Operating Margin	14.86%	15.26%	14.94%	18.52%	18.51%	17.54%
Profit Margin	11.38%	11.45%	11.33%	14.85%	14.95%	12.67%
Free Cash Flow Margin	8.54%	13.15%	5.41%	-11.45%	6.45%	-8.79%
EBITDA	537.04	538.58	491.2	548.94	457.23	364.72
EBITDA Margin	23.49%	23.96%	24.25%	25.93%	25.33%	24.29%
D&A For EBITDA	197.38	195.61	188.53	156.97	123.12	101.27
EBIT	339.65	342.97	302.67	391.97	334.11	263.44
EBIT Margin	14.86%	15.26%	14.94%	18.52%	18.51%	17.54%
Effective Tax Rate	10.93%	11.44%	8.00%	9.05%	6.95%	10.14%
Revenue as Reported	2,286	2,248	2,026	2,117	1,805	1,502
Advertising Expenses	-	1.96	1.75	1.94	2.59	2.97

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