SHE:000786 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	25,084	25,167	25,693	22,295	20,031	20,966
Other Revenue	113.26	113.26	127.69	130.88	124.07	125.67
Revenue	25,198	25,280	25,821	22,426	20,155	21,091
Revenue Growth (YoY)	-3.54%	-2.10%	15.14%	11.27%	-4.44%	25.18%
Cost of Revenue	17,911	18,009	18,121	15,736	14,296	14,397
Gross Profit	7,286	7,271	7,700	6,690	5,858	6,695
Selling, General & Admin	2,786	2,754	2,556	1,754	1,791	1,783
Research & Development	1,053	1,040	1,058	951.51	862.37	874.6
Other Operating Expenses	163.15	153.58	124.01	122.95	178.4	220.11
Operating Expenses	4,069	4,015	3,740	2,848	2,908	2,882
Operating Income	3,218	3,256	3,960	3,842	2,951	3,813
Interest Expense	-33.76	-42.96	-92.3	-90.08	-110.28	-96.55
Interest & Investment Income	48.35	50.96	82.46	80.77	38.31	17.64
Currency Exchange Gain (Loss)	-4.94	-4.94	0.38	-1.07	-5.07	2.41
Other Non Operating Income (Expenses)	-5.81	-4.28	7.84	-12.01	-27.1	-44.99
EBT Excluding Unusual Items	3,222	3,255	3,959	3,820	2,846	3,691
Impairment of Goodwill	-5.28	-5.28	-32.2	-6.49	-51.35	-
Gain (Loss) on Sale of Investments	-18.66	-17.89	-34.64	-4.33	-5.06	-4.45
Gain (Loss) on Sale of Assets	40.86	40.59	3.78	0.21	477.52	3.16
Asset Writedown	-80.53	-80.4	-14.51	-85.15	-42.45	-28.58
Other Unusual Items	95.1	83.65	69.13	44.35	71.5	135.3
Pretax Income	3,253	3,276	3,950	3,768	3,297	3,797
Income Tax Expense	284.62	277.1	224.18	213.78	144.82	242.28
Earnings From Continuing Operations	2,968	2,999	3,726	3,555	3,152	3,554
Minority Interest in Earnings	-100.44	-92.28	-79.06	-30.71	-7.3	-41.71
Net Income	2,868	2,906	3,647	3,524	3,144	3,513
Net Income to Common	2,868	2,906	3,647	3,524	3,144	3,513
Net Income Growth	-21.79%	-20.31%	3.49%	12.07%	-10.48%	22.76%
Shares Outstanding (Basic)	1,696	1,693	1,689	1,689	1,690	1,690
Shares Outstanding (Diluted)	1,696	1,693	1,689	1,689	1,690	1,690
Shares Change (YoY)	0.33%	0.21%	-0.01%	-0.02%	0.00%	0.03%
EPS (Basic)	1.69	1.72	2.16	2.09	1.86	2.08
EPS (Diluted)	1.69	1.72	2.16	2.09	1.86	2.08
EPS Growth	-22.05%	-20.47%	3.50%	12.09%	-10.49%	22.73%
Free Cash Flow	2,678	3,011	3,940	3,572	2,224	2,203
Free Cash Flow Per Share	1.58	1.78	2.33	2.11	1.32	1.30
Dividend Per Share	0.685	0.685	0.865	0.835	0.655	0.655
Dividend Growth	-20.81%	-20.81%	3.59%	27.48%	-	19.09%
Gross Margin	28.92%	28.76%	29.82%	29.83%	29.07%	31.74%
Operating Margin	12.77%	12.88%	15.34%	17.13%	14.64%	18.08%
Profit Margin	11.38%	11.50%	14.12%	15.71%	15.60%	16.66%
Free Cash Flow Margin	10.63%	11.91%	15.26%	15.93%	11.03%	10.45%
EBITDA	4,292	4,320	4,982	4,671	3,725	4,520
EBITDA Margin	17.03%	17.09%	19.29%	20.83%	18.48%	21.43%
D&A For EBITDA	1,074	1,063	1,021	828.65	774.07	706.89
EBIT	3,218	3,256	3,960	3,842	2,951	3,813
EBIT Margin	12.77%	12.88%	15.34%	17.13%	14.64%	18.08%
Effective Tax Rate	8.75%	8.46%	5.67%	5.67%	4.39%	6.38%
Revenue as Reported	25,198	25,280	25,821	22,426	20,155	21,091
Advertising Expenses	-	187.64	208.64	113.8	92.62	113.39

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