SHE:300770 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	1,558	1,588	1,553	1,506	1,415	1,391
Other Revenue	38.06	38.06	25.43	17.37	14.01	18.07
Revenue	1,596	1,626	1,579	1,523	1,429	1,409
Revenue Growth (YoY)	0.74%	3.00%	3.63%	6.64%	1.39%	15.43%
Cost of Revenue	858.53	852.39	786.17	736.57	659.9	644.07
Gross Profit	737.88	773.78	792.59	786.87	768.75	764.98
Selling, General & Admin	88.63	92.54	88.36	86.57	100.61	70.98
Research & Development	42.04	48.79	50.76	49.27	47.46	46.34
Other Operating Expenses	1.4	1.45	5.43	3.75	4.85	-5.06
Operating Expenses	137.24	147.94	153.79	145.82	148.46	108.72
Operating Income	600.64	625.83	638.8	641.05	620.29	656.27
Interest Expense	-0.2	-0.2	-0.49	-0.72	-0.16	-0.18
Interest & Investment Income	64.61	64.61	56.84	78.48	74.9	58.55
Other Non Operating Income (Expenses)	-23.75	-22.76	-20.75	-18.38	-15.82	-15.19
EBT Excluding Unusual Items	641.3	667.49	674.41	700.43	679.22	699.44
Impairment of Goodwill	-	-	-	-	-	-12.55
Gain (Loss) on Sale of Investments	-0	0.12	-1.7	-9.62	-3.3	-1.21
Gain (Loss) on Sale of Assets	-	-	-	0.03	-0.03	-0.07
Asset Writedown	5.48	-1.76	-0.01	-3.23	-1.1	-14.95
Other Unusual Items	-0.88	-0.88	0.07	11.97	18.44	10.65
Pretax Income	645.9	664.97	672.77	699.58	693.23	681.3
Income Tax Expense	3.97	5.28	15.01	-7.89	2.55	2.93
Earnings From Continuing Operations	641.93	659.69	657.76	707.47	690.68	678.37
Minority Interest in Earnings	0.85	0.75	0.1	0.21	0.64	1.36
Net Income	642.78	660.43	657.86	707.68	691.32	679.74
Net Income to Common	642.78	660.43	657.86	707.68	691.32	679.74
Net Income Growth	-4.17%	0.39%	-7.04%	2.37%	1.70%	18.23%
Shares Outstanding (Basic)	228	229	229	229	229	230
Shares Outstanding (Diluted)	228	229	229	229	229	230
Shares Change (YoY)	-0.80%	-0.30%	0.09%	0.05%	-0.32%	-0.54%
EPS (Basic)	2.82	2.89	2.87	3.09	3.02	2.96
EPS (Diluted)	2.82	2.89	2.87	3.09	3.02	2.96
EPS Growth	-3.39%	0.70%	-7.12%	2.32%	2.03%	18.88%
Free Cash Flow	653.11	676.56	305.75	540.87	873.84	840.41
Free Cash Flow Per Share	2.87	2.96	1.33	2.36	3.82	3.66
Dividend Per Share	2.800	2.800	1.560	1.860	1.360	1.200
Dividend Growth	79.49%	79.49%	-16.13%	36.77%	13.33%	50.00%
Gross Margin	46.22%	47.58%	50.20%	51.65%	53.81%	54.29%
Operating Margin	37.62%	38.48%	40.46%	42.08%	43.42%	46.58%
Profit Margin	40.26%	40.61%	41.67%	46.45%	48.39%	48.24%
Free Cash Flow Margin	40.91%	41.60%	19.37%	35.50%	61.17%	59.64%
EBITDA	673.5	698.71	711.73	719.21	739.34	836.23
EBITDA Margin	42.19%	42.97%	45.08%	47.21%	51.75%	59.35%
D&A For EBITDA	72.86	72.88	72.93	78.16	119.05	179.97
EBIT	600.64	625.83	638.8	641.05	620.29	656.27
EBIT Margin	37.62%	38.48%	40.46%	42.08%	43.42%	46.58%
Effective Tax Rate	0.61%	0.79%	2.23%	-	0.37%	0.43%
Revenue as Reported	1,626	1,626	1,579	1,523	1,429	1,409
Advertising Expenses	-	-	-	24.26	36.8	39.69

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