SHE:000657 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	17,639	14,380	13,371	12,850	11,898
Other Revenue	-	362.61	304.63	230	195.34
Revenue	17,639	14,743	13,675	13,080	12,094
Revenue Growth (YoY)	19.64%	7.80%	4.55%	8.16%	21.92%
Cost of Revenue	16,016	11,574	10,841	10,882	9,940
Gross Profit	1,622	3,169	2,835	2,198	2,154
Selling, General & Admin	-	1,177	1,119	980.47	850.8
Research & Development	-	694.04	608.74	415	412.08
Other Operating Expenses	-	156.9	17.88	82.01	76.35
Operating Expenses	-	2,045	1,753	1,483	1,339
Operating Income	1,622	1,124	1,082	715.02	814.69
Interest Expense	-	-103.16	-103.03	-94.51	-105.2
Interest & Investment Income	-	9.42	7.03	3.87	3.83
Currency Exchange Gain (Loss)	-	11.35	41.86	63.16	-9.55
Other Non Operating Income (Expenses)	5.84	-0.8	4.61	-8.6	-8.58
EBT Excluding Unusual Items	1,628	1,041	1,032	678.95	695.2
Gain (Loss) on Sale of Investments	-	-4.08	-20.86	-28.98	-3.79
Gain (Loss) on Sale of Assets	-	2.38	116.27	-1.26	-4.36
Asset Writedown	-	-13.26	-118.2	-0.89	-13.05
Other Unusual Items	-	150.4	7.88	85.28	51.03
Pretax Income	1,628	1,176	1,017	733.1	725.04
Income Tax Expense	347.32	143.09	107.7	72.31	86.46
Earnings From Continuing Operations	1,281	1,033	909.77	660.79	638.58
Minority Interest in Earnings	-	-93.67	-110.02	-126.18	-110.99
Net Income	1,281	939.45	799.75	534.61	527.58
Net Income to Common	1,281	939.45	799.75	534.61	527.58
Net Income Growth	36.32%	17.47%	49.60%	1.33%	138.60%
Shares Outstanding (Basic)	2,208	2,088	2,051	1,407	1,429
Shares Outstanding (Diluted)	2,208	2,088	2,051	1,407	1,429
Shares Change (YoY)	5.77%	1.80%	45.76%	-1.55%	14.33%
EPS (Basic)	0.58	0.45	0.39	0.38	0.37
EPS (Diluted)	0.58	0.45	0.39	0.38	0.37
EPS Growth	28.89%	15.38%	2.63%	2.93%	108.71%
Free Cash Flow	-	45.55	152.07	184.55	371.31
Free Cash Flow Per Share	-	0.02	0.07	0.13	0.26
Dividend Per Share	-	0.160	0.250	0.100	-
Dividend Growth	-	-36.00%	150.00%	-	-
Gross Margin	9.20%	21.50%	20.73%	16.80%	17.81%
Operating Margin	9.20%	7.62%	7.91%	5.47%	6.74%
Profit Margin	7.26%	6.37%	5.85%	4.09%	4.36%
Free Cash Flow Margin	-	0.31%	1.11%	1.41%	3.07%
EBITDA	2,324	1,826	1,687	1,164	1,274
EBITDA Margin	13.18%	12.39%	12.33%	8.90%	10.53%
D&A For EBITDA	702.21	702.21	604.88	449.47	458.81
EBIT	1,622	1,124	1,082	715.02	814.69
EBIT Margin	9.20%	7.62%	7.91%	5.47%	6.74%
Effective Tax Rate	21.33%	12.17%	10.59%	9.86%	11.92%
Revenue as Reported	-	14,743	13,675	13,080	12,094
Advertising Expenses	-	26.96	16.07	17.78	15.62

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