SHE:000680 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	14,281	13,618	12,909	10,127	8,945	8,070
Other Revenue	1,002	1,002	1,310	1,238	1,052	1,101
Revenue	15,284	14,620	14,219	11,364	9,998	9,171
Revenue Growth (YoY)	6.80%	2.82%	25.12%	13.67%	9.02%	29.20%
Cost of Revenue	12,069	11,598	11,480	9,246	8,600	7,859
Gross Profit	3,215	3,022	2,738	2,118	1,397	1,312
Selling, General & Admin	1,054	1,037	1,027	827.54	731.11	746.58
Research & Development	575.41	574.89	541.86	558.39	398.41	368.52
Other Operating Expenses	19.33	2.28	-57	-49.76	10.21	3.88
Operating Expenses	1,750	1,717	1,646	1,364	1,204	1,153
Operating Income	1,465	1,305	1,092	753.85	193.56	159.19
Interest Expense	-100.79	-100.79	-67.37	-73.15	-28.55	-56.56
Interest & Investment Income	90.9	91.41	135.89	105.96	375.93	108.95
Currency Exchange Gain (Loss)	-18.27	-18.27	39.14	1.62	59.92	-23.7
Other Non Operating Income (Expenses)	-103.07	-15.04	-27.6	-15.34	1.75	-15.51
EBT Excluding Unusual Items	1,334	1,263	1,172	772.95	602.62	172.36
Impairment of Goodwill	-	-	-	-	-	-1.55
Gain (Loss) on Sale of Investments	-	-	-5.57	1.51	-0.07	0.24
Gain (Loss) on Sale of Assets	0.46	0.28	-2.51	7.36	66.88	-32.72
Asset Writedown	-12.46	-1.99	-0.36	-7.07	-8.83	-0.63
Other Unusual Items	23.53	23.53	37.06	50.24	47.4	24.16
Pretax Income	1,345	1,284	1,201	825	708	161.86
Income Tax Expense	72.9	70.24	96.54	38.62	71.73	-2.2
Earnings From Continuing Operations	1,272	1,214	1,105	786.38	636.28	164.06
Minority Interest in Earnings	-3.5	-3.28	-2.26	-3.08	-4.54	-1.47
Net Income	1,269	1,211	1,102	783.3	631.74	162.59
Net Income to Common	1,269	1,211	1,102	783.3	631.74	162.59
Net Income Growth	11.29%	9.86%	40.72%	23.99%	288.55%	61.37%
Shares Outstanding (Basic)	1,496	1,496	1,500	1,501	1,502	1,415
Shares Outstanding (Diluted)	1,496	1,496	1,500	1,501	1,502	1,415
Shares Change (YoY)	3.74%	-0.29%	-0.04%	-0.03%	6.12%	14.04%
EPS (Basic)	0.85	0.81	0.73	0.52	0.42	0.11
EPS (Diluted)	0.85	0.81	0.73	0.52	0.42	0.11
EPS Growth	7.27%	10.18%	40.78%	24.03%	266.14%	41.50%
Free Cash Flow	1,138	714.3	465.66	308.7	279.8	357.6
Free Cash Flow Per Share	0.76	0.48	0.31	0.21	0.19	0.25
Dividend Per Share	0.135	0.135	0.090	0.150	0.076	0.025
Dividend Growth	50.00%	50.00%	-40.00%	97.37%	204.00%	-
Gross Margin	21.04%	20.67%	19.26%	18.64%	13.98%	14.31%
Operating Margin	9.58%	8.93%	7.68%	6.63%	1.94%	1.74%
Profit Margin	8.30%	8.28%	7.75%	6.89%	6.32%	1.77%
Free Cash Flow Margin	7.44%	4.89%	3.28%	2.72%	2.80%	3.90%
EBITDA	1,777	1,607	1,352	995.79	377.98	360.15
EBITDA Margin	11.63%	10.99%	9.51%	8.76%	3.78%	3.93%
D&A For EBITDA	312.4	301.8	259.4	241.93	184.42	200.97
EBIT	1,465	1,305	1,092	753.85	193.56	159.19
EBIT Margin	9.58%	8.93%	7.68%	6.63%	1.94%	1.74%
Effective Tax Rate	5.42%	5.47%	8.04%	4.68%	10.13%	-
Revenue as Reported	14,620	14,620	14,219	11,364	9,998	-
Advertising Expenses	-	58.09	59.26	30.73	16.88	13.51

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