SHE:301262 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	Dec '21 Dec 31, 2021
Operating Revenue	933.72	938.56	933.53	959.58	983.63	951.78
Other Revenue	-	-	45.12	32.69	37.23	21.23
Revenue	933.72	938.56	978.65	992.27	1,021	973.01
Revenue Growth (YoY)	-3.81%	-4.10%	-1.37%	-2.80%	4.92%	4.04%
Cost of Revenue	420.59	418.81	429.3	439.02	470.33	401.21
Gross Profit	513.12	519.76	549.36	553.26	550.53	571.8
Selling, General & Admin	70.36	70.68	74	80.05	68.79	60.82
Research & Development	36.52	37.57	41.4	48.28	42.31	40.91
Other Operating Expenses	5.31	2.57	6.97	5.04	5.24	3.9
Operating Expenses	112.19	110.82	140.39	136.55	122.19	107.51
Operating Income	400.94	408.93	408.96	416.71	428.34	464.29
Interest & Investment Income	18.28	18.84	48.86	37.48	32.99	25.17
Other Non Operating Income (Expenses)	10.57	35.75	-0.16	-0.19	-0.26	-0.07
EBT Excluding Unusual Items	429.79	463.53	457.66	454	461.07	489.4
Gain (Loss) on Sale of Investments	17.94	20.22	16.94	16.61	11.23	8.56
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.01
Other Unusual Items	-	-	-8.61	5.94	8.96	14.39
Pretax Income	447.73	483.74	465.99	476.55	481.26	512.34
Income Tax Expense	59.89	68.74	65.72	66.52	67.3	72.58
Earnings From Continuing Operations	387.84	415.01	400.26	410.03	413.96	439.77
Net Income	387.84	415.01	400.26	410.03	413.96	439.77
Net Income to Common	387.84	415.01	400.26	410.03	413.96	439.77
Net Income Growth	-5.03%	3.68%	-2.38%	-0.95%	-5.87%	13.30%
Shares Outstanding (Basic)	413	415	417	394	376	376
Shares Outstanding (Diluted)	413	415	417	394	376	376
Shares Change (YoY)	-0.97%	-0.46%	5.75%	4.76%	0.12%	-0.25%
EPS (Basic)	0.94	1.00	0.96	1.04	1.10	1.17
EPS (Diluted)	0.94	1.00	0.96	1.04	1.10	1.17
EPS Growth	-4.10%	4.17%	-7.69%	-5.46%	-5.98%	13.59%
Free Cash Flow	22.13	393.62	152.14	380.78	275.68	407.72
Free Cash Flow Per Share	0.05	0.95	0.36	0.97	0.73	1.08
Dividend Per Share	-	-	0.496	1.042	-	-
Dividend Growth	-	-	-52.40%	-	-	-
Gross Margin	54.95%	55.38%	56.13%	55.76%	53.93%	58.77%
Operating Margin	42.94%	43.57%	41.79%	41.99%	41.96%	47.72%
Profit Margin	41.54%	44.22%	40.90%	41.32%	40.55%	45.20%
Free Cash Flow Margin	2.37%	41.94%	15.55%	38.37%	27.00%	41.90%
EBITDA	422.9	429.75	425.19	433.81	445.88	484.98
EBITDA Margin	45.29%	45.79%	43.45%	43.72%	43.68%	49.84%
D&A For EBITDA	21.96	20.81	16.22	17.1	17.54	20.68
EBIT	400.94	408.93	408.96	416.71	428.34	464.29
EBIT Margin	42.94%	43.57%	41.79%	41.99%	41.96%	47.72%
Effective Tax Rate	13.38%	14.21%	14.10%	13.96%	13.98%	14.17%
Revenue as Reported	-	-	978.65	992.27	1,021	-
Advertising Expenses	-	-	12.8	7.19	4.69	2.84

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