SHE:300699 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	2,921	2,847	2,443	2,508	2,502	2,587
Other Revenue	12.16	12.16	7.18	9.95	8.7	20.09
Revenue	2,933	2,860	2,450	2,518	2,511	2,607
Revenue Growth (YoY)	17.16%	16.72%	-2.69%	0.26%	-3.69%	23.25%
Cost of Revenue	1,872	1,774	1,392	1,356	1,323	1,475
Gross Profit	1,061	1,085	1,058	1,162	1,188	1,132
Selling, General & Admin	158.75	160.74	149.99	152.63	145.54	106.79
Research & Development	187.26	208.11	161.75	163.39	177.15	212.74
Other Operating Expenses	41.85	25.57	-58.39	-0.29	-42.08	-28.8
Operating Expenses	411.12	412.25	243.08	366.37	301.21	281.84
Operating Income	649.94	673.09	815.23	795.23	886.57	849.97
Interest Expense	-40.44	-40.42	-23	-9.61	-5.94	-5.22
Interest & Investment Income	36.35	33.35	20.42	18.16	17.65	4.9
Earnings From Equity Investments	-0.07	0.04	0.08	-	-	1.6
Currency Exchange Gain (Loss)	-19.57	-19.57	6.2	19.06	91.94	-7.81
Other Non Operating Income (Expenses)	-19.05	-1.34	-2.22	4.18	-8.7	-0.85
EBT Excluding Unusual Items	607.17	645.15	816.72	827.04	981.52	842.59
Merger & Restructuring Charges	-	-	-	-10.52	-7.75	-
Gain (Loss) on Sale of Investments	0.55	0.61	1.94	10.19	8.11	9.35
Gain (Loss) on Sale of Assets	-0.1	0.1	1.22	-	0.24	2.37
Asset Writedown	-3.72	-0.17	-0.01	-13.34	-0.87	-1.38
Other Unusual Items	71.47	62.77	-6.16	179.53	62.74	-1.38
Pretax Income	675.37	708.46	813.71	992.88	1,044	851.56
Income Tax Expense	110.81	109.13	127.57	151.97	137.82	95.37
Earnings From Continuing Operations	564.56	599.32	686.14	840.91	906.15	756.19
Minority Interest in Earnings	5.43	4.08	55.05	32.25	28.1	2.2
Net Income	569.99	603.4	741.18	873.17	934.25	758.38
Net Income to Common	569.99	603.4	741.18	873.17	934.25	758.38
Net Income Growth	-22.84%	-18.59%	-15.12%	-6.54%	23.19%	18.18%
Shares Outstanding (Basic)	824	825	826	831	829	831
Shares Outstanding (Diluted)	824	825	826	831	829	831
Shares Change (YoY)	0.15%	-0.10%	-0.57%	0.15%	-0.21%	0.37%
EPS (Basic)	0.69	0.73	0.90	1.05	1.13	0.91
EPS (Diluted)	0.69	0.73	0.90	1.05	1.13	0.91
EPS Growth	-23.11%	-18.66%	-14.63%	-6.68%	23.45%	17.74%
Free Cash Flow	415.03	547.56	23.79	-210.45	-550.53	595.23
Free Cash Flow Per Share	0.50	0.66	0.03	-0.25	-0.66	0.72
Dividend Per Share	0.500	0.500	0.500	0.500	0.438	0.313
Dividend Growth	-	-	-	14.29%	40.00%	-
Gross Margin	36.17%	37.96%	43.20%	46.14%	47.30%	43.41%
Operating Margin	22.16%	23.54%	33.28%	31.59%	35.31%	32.60%
Profit Margin	19.43%	21.10%	30.25%	34.68%	37.20%	29.09%
Free Cash Flow Margin	14.15%	19.15%	0.97%	-8.36%	-21.92%	22.83%
EBITDA	1,067	1,061	1,086	990.1	1,061	993.49
EBITDA Margin	36.39%	37.11%	44.32%	39.33%	42.27%	38.10%
D&A For EBITDA	417.41	388.07	270.68	194.86	174.83	143.52
EBIT	649.94	673.09	815.23	795.23	886.57	849.97
EBIT Margin	22.16%	23.54%	33.28%	31.59%	35.31%	32.60%
Effective Tax Rate	16.41%	15.40%	15.68%	15.31%	13.20%	11.20%
Revenue as Reported	2,933	2,860	2,450	2,518	2,511	2,607
Advertising Expenses	-	5.71	4.49	2.57	4	1.82

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