SHE:000657 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	20,890	17,277	14,413	13,371	12,850	11,898
Other Revenue	361.53	361.53	366.21	304.63	230	195.34
Revenue	21,252	17,639	14,779	13,675	13,080	12,094
Revenue Growth (YoY)	42.66%	19.34%	8.07%	4.55%	8.16%	21.92%
Cost of Revenue	15,865	13,635	11,453	10,841	10,882	9,940
Gross Profit	5,387	4,004	3,327	2,835	2,198	2,154
Selling, General & Admin	1,439	1,286	1,231	1,119	980.47	850.8
Research & Development	882.7	765.1	706.54	608.74	415	412.08
Other Operating Expenses	359.64	244.36	181.55	17.88	82.01	76.35
Operating Expenses	2,701	2,318	2,136	1,753	1,483	1,339
Operating Income	2,686	1,686	1,191	1,082	715.02	814.69
Interest Expense	-110.03	-97.31	-104.55	-103.03	-94.51	-105.2
Interest & Investment Income	11.5	9.81	9.6	7.03	3.87	3.83
Currency Exchange Gain (Loss)	4.44	4.44	11.35	41.86	63.16	-9.55
Other Non Operating Income (Expenses)	-64.31	-37.38	34.67	4.61	-8.6	-8.58
EBT Excluding Unusual Items	2,527	1,565	1,142	1,032	678.95	695.2
Gain (Loss) on Sale of Investments	-17.32	-10.43	-4.11	-20.86	-28.98	-3.79
Gain (Loss) on Sale of Assets	-0.44	0.05	2.38	116.27	-1.26	-4.36
Asset Writedown	-214.4	-37.91	-10.45	-118.2	-0.89	-13.05
Other Unusual Items	116.5	111.17	110.57	7.88	85.28	51.03
Pretax Income	2,412	1,628	1,241	1,017	733.1	725.04
Income Tax Expense	300.54	236.49	155.59	107.7	72.31	86.46
Earnings From Continuing Operations	2,111	1,392	1,085	909.77	660.79	638.58
Minority Interest in Earnings	-161.95	-110.84	-93.69	-110.02	-126.18	-110.99
Net Income	1,949	1,281	991.25	799.75	534.61	527.58
Net Income to Common	1,949	1,281	991.25	799.75	534.61	527.58
Net Income Growth	89.23%	29.20%	23.94%	49.60%	1.33%	138.60%
Shares Outstanding (Basic)	2,332	2,208	2,065	2,051	1,407	1,429
Shares Outstanding (Diluted)	2,332	2,208	2,065	2,051	1,407	1,429
Shares Change (YoY)	17.72%	6.92%	0.70%	45.76%	-1.55%	14.33%
EPS (Basic)	0.84	0.58	0.48	0.39	0.38	0.37
EPS (Diluted)	0.84	0.58	0.48	0.39	0.38	0.37
EPS Growth	60.75%	20.83%	23.08%	2.63%	2.93%	108.71%
Free Cash Flow	-1,918	-402.34	115.91	152.07	184.55	371.31
Free Cash Flow Per Share	-0.82	-0.18	0.06	0.07	0.13	0.26
Dividend Per Share	0.230	0.230	0.160	0.250	0.100	-
Dividend Growth	43.75%	43.75%	-36.00%	150.00%	-	-
Gross Margin	25.35%	22.70%	22.51%	20.73%	16.80%	17.81%
Operating Margin	12.64%	9.56%	8.06%	7.91%	5.47%	6.74%
Profit Margin	9.17%	7.26%	6.71%	5.85%	4.09%	4.36%
Free Cash Flow Margin	-9.03%	-2.28%	0.78%	1.11%	1.41%	3.07%
EBITDA	3,454	2,448	1,930	1,687	1,164	1,274
EBITDA Margin	16.25%	13.88%	13.06%	12.33%	8.90%	10.53%
D&A For EBITDA	768.78	762.79	738.84	604.88	449.47	458.81
EBIT	2,686	1,686	1,191	1,082	715.02	814.69
EBIT Margin	12.64%	9.56%	8.06%	7.91%	5.47%	6.74%
Effective Tax Rate	12.46%	14.53%	12.54%	10.59%	9.86%	11.92%
Revenue as Reported	21,252	17,639	14,779	13,675	13,080	12,094
Advertising Expenses	-	22.56	26.96	16.07	17.78	15.62

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