SHE:300441 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	1,668	1,656	2,265	2,344	1,991	2,120
Other Revenue	61.17	61.17	55.98	71	63.07	51.53
Revenue	1,729	1,718	2,321	2,415	2,054	2,172
Revenue Growth (YoY)	-17.55%	-26.01%	-3.90%	17.58%	-5.42%	10.19%
Cost of Revenue	1,271	1,243	1,567	1,620	1,412	1,431
Gross Profit	457.5	474.61	754.41	795.15	642.14	740.98
Selling, General & Admin	134.25	129.86	202.56	264.66	260.72	267.55
Research & Development	79.8	75.14	110.36	111	114.76	103.5
Other Operating Expenses	19.25	12.03	4.09	12.34	12.73	9.26
Operating Expenses	247.66	228.29	339.38	398.26	406.46	386.79
Operating Income	209.84	246.32	415.02	396.89	235.68	354.19
Interest Expense	-7.61	-5.93	-11.71	-16.78	-31.19	-30.65
Interest & Investment Income	3.09	3.87	738.09	2.04	2.31	3.59
Currency Exchange Gain (Loss)	0.02	0.02	0.99	0.1	1.52	-0.61
Other Non Operating Income (Expenses)	-15.81	-17.59	-7.13	0.94	-6.73	-2.39
EBT Excluding Unusual Items	189.55	226.7	1,135	383.2	201.6	324.13
Impairment of Goodwill	-	-	-	-	-	-9.77
Gain (Loss) on Sale of Investments	0.23	-	-	-1.15	-72.19	-2.27
Gain (Loss) on Sale of Assets	-2.79	-3.41	-1.66	-2.43	-1.4	-1.38
Asset Writedown	1.47	-	0.02	-0.26	-0.19	-0.05
Other Unusual Items	16.03	12.69	14.37	20.59	18.88	37.87
Pretax Income	204.48	235.98	1,148	399.94	146.7	348.53
Income Tax Expense	25.7	29.43	275.86	54.92	-13.25	45.6
Earnings From Continuing Operations	178.78	206.55	872.15	345.03	159.95	302.93
Minority Interest in Earnings	-11.62	-12.96	-39.88	-64.4	-49.05	-36.72
Net Income	167.15	193.59	832.28	280.62	110.9	266.21
Net Income to Common	167.15	193.59	832.28	280.62	110.9	266.21
Net Income Growth	-79.55%	-76.74%	196.58%	153.05%	-58.34%	170.13%
Shares Outstanding (Basic)	647	645	645	653	652	619
Shares Outstanding (Diluted)	647	645	645	653	652	619
Shares Change (YoY)	0.98%	0.02%	-1.14%	0.04%	5.37%	-5.77%
EPS (Basic)	0.26	0.30	1.29	0.43	0.17	0.43
EPS (Diluted)	0.26	0.30	1.29	0.43	0.17	0.43
EPS Growth	-79.75%	-76.74%	200.00%	152.94%	-60.47%	186.67%
Free Cash Flow	-419.26	-391.52	-557.4	33.88	107.38	-40.65
Free Cash Flow Per Share	-0.65	-0.61	-0.86	0.05	0.17	-0.07
Dividend Per Share	0.065	0.065	0.450	0.070	0.050	0.300
Dividend Growth	-85.56%	-85.56%	542.86%	40.00%	-83.33%	-
Gross Margin	26.46%	27.63%	32.50%	32.92%	31.26%	34.12%
Operating Margin	12.14%	14.34%	17.88%	16.43%	11.47%	16.31%
Profit Margin	9.67%	11.27%	35.86%	11.62%	5.40%	12.26%
Free Cash Flow Margin	-24.25%	-22.80%	-24.01%	1.40%	5.23%	-1.87%
EBITDA	315.87	358.91	553.88	550.38	398.95	494.91
EBITDA Margin	18.27%	20.90%	23.86%	22.79%	19.42%	22.79%
D&A For EBITDA	106.02	112.59	138.85	153.48	163.27	140.72
EBIT	209.84	246.32	415.02	396.89	235.68	354.19
EBIT Margin	12.14%	14.34%	17.88%	16.43%	11.47%	16.31%
Effective Tax Rate	12.57%	12.47%	24.03%	13.73%	-	13.08%
Revenue as Reported	1,729	1,718	2,321	2,415	2,054	2,172
Advertising Expenses	-	4.49	7.08	-	-	-

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