SHE:000999 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	31,770	30,494	26,466	23,837	17,411	14,825
Other Revenue	1,109	1,109	1,151	901.47	667.99	719.33
Revenue	32,879	31,603	27,617	24,739	18,079	15,544
Revenue Growth (YoY)	20.98%	14.43%	11.63%	36.84%	16.31%	13.98%
Cost of Revenue	14,805	14,567	13,452	11,675	8,354	6,561
Gross Profit	18,074	17,036	14,164	13,064	9,725	8,984
Selling, General & Admin	11,810	10,968	8,860	8,489	6,135	5,992
Research & Development	1,465	1,268	801.75	714.5	593.94	560.2
Other Operating Expenses	416.14	334.16	229.73	262.72	207.05	204.39
Operating Expenses	13,757	12,606	9,974	9,521	6,942	6,770
Operating Income	4,316	4,430	4,191	3,543	2,784	2,214
Interest Expense	-128.03	-117.62	-80.04	-80.78	-21.23	-14.18
Interest & Investment Income	99.72	90.32	133.9	125.1	118.11	101.08
Currency Exchange Gain (Loss)	-2.75	-2.75	5.48	2.5	-56.25	-12.89
Other Non Operating Income (Expenses)	-38.31	-32.7	-15.21	-17.44	-4.11	-1.11
EBT Excluding Unusual Items	4,247	4,367	4,235	3,572	2,820	2,287
Impairment of Goodwill	-	-	-	-	-65.51	-44.24
Gain (Loss) on Sale of Investments	284.09	227.41	68.2	-28.63	2.58	5.04
Gain (Loss) on Sale of Assets	6.35	6.5	31.43	0.81	2.28	0.85
Asset Writedown	-74.29	-50.18	-19.67	-82.35	-34.3	-8.1
Other Unusual Items	330.44	312.99	278.8	292.43	237.69	202.96
Pretax Income	4,794	4,864	4,594	3,754	2,963	2,444
Income Tax Expense	749.91	698.12	815.87	580.97	466.43	345.41
Earnings From Continuing Operations	4,044	4,166	3,778	3,173	2,497	2,099
Minority Interest in Earnings	-817.22	-744.96	-409.85	-320.55	-48.21	-43.49
Net Income	3,227	3,421	3,368	2,853	2,449	2,055
Net Income to Common	3,227	3,421	3,368	2,853	2,449	2,055
Net Income Growth	-1.45%	1.58%	18.05%	16.50%	19.16%	28.65%
Shares Outstanding (Basic)	1,662	1,661	1,667	1,656	1,669	1,654
Shares Outstanding (Diluted)	1,662	1,661	1,667	1,663	1,669	1,654
Shares Change (YoY)	-0.52%	-0.40%	0.25%	-0.33%	0.90%	-0.15%
EPS (Basic)	1.94	2.06	2.02	1.72	1.47	1.24
EPS (Diluted)	1.94	2.06	2.02	1.72	1.47	1.24
EPS Growth	-0.93%	1.98%	17.76%	16.89%	18.10%	28.83%
Free Cash Flow	4,237	4,242	3,612	3,335	2,055	1,012
Free Cash Flow Per Share	2.55	2.55	2.17	2.00	1.23	0.61
Dividend Per Share	1.040	1.040	1.015	0.887	0.592	0.505
Dividend Growth	2.42%	2.42%	14.41%	49.99%	17.26%	70.53%
Gross Margin	54.97%	53.91%	51.29%	52.81%	53.79%	57.79%
Operating Margin	13.13%	14.02%	15.17%	14.32%	15.40%	14.24%
Profit Margin	9.81%	10.82%	12.20%	11.53%	13.54%	13.22%
Free Cash Flow Margin	12.89%	13.42%	13.08%	13.48%	11.37%	6.51%
EBITDA	5,444	5,460	4,829	4,228	3,251	2,643
EBITDA Margin	16.56%	17.28%	17.48%	17.09%	17.98%	17.00%
D&A For EBITDA	1,128	1,030	638.08	685.71	467.17	429.17
EBIT	4,316	4,430	4,191	3,543	2,784	2,214
EBIT Margin	13.13%	14.02%	15.17%	14.32%	15.40%	14.24%
Effective Tax Rate	15.64%	14.35%	17.76%	15.47%	15.74%	14.13%
Revenue as Reported	32,879	31,603	27,617	24,739	18,079	15,544
Advertising Expenses	-	1,316	754.25	660.33	543.92	578.72

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