SHE:001696 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	Jan '25 Jan 1, 2025	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	12,019	12,192	10,251	7,911	7,905	9,108
Other Revenue	202.21	203.51	255.38	239.79	246.4	257.21
Revenue	12,221	12,396	10,506	8,151	8,151	9,365
Revenue Growth (YoY)	7.03%	17.98%	28.89%	0.00%	-12.96%	19.33%
Cost of Revenue	10,597	10,736	8,997	6,871	7,032	8,147
Gross Profit	1,624	1,659	1,509	1,280	1,119	1,218
Selling, General & Admin	576.72	582.48	531.42	450.72	432.92	413.33
Research & Development	345.58	339.43	314.78	312.36	290.66	211.52
Other Operating Expenses	-4.75	-1.25	7.64	-1.22	33.14	28.46
Operating Expenses	900.01	892.15	893.62	785.51	733.14	665.53
Operating Income	724.24	767.16	615.8	494.82	386.14	552.87
Interest Expense	-86.56	-90.59	-110.68	-85.34	-93.61	-100.26
Interest & Investment Income	135.58	122.34	43.12	41.59	14.68	131.63
Currency Exchange Gain (Loss)	28.57	28.57	75.92	35.48	129.82	-44.21
Other Non Operating Income (Expenses)	-46.1	-8.52	-8.97	-46.65	-29.76	-31.74
EBT Excluding Unusual Items	755.72	818.97	615.19	439.89	407.27	508.29
Impairment of Goodwill	-	-	-	-31.3	-	-
Gain (Loss) on Sale of Investments	-53.92	-51.16	-40.39	17.38	-15.94	-18.58
Gain (Loss) on Sale of Assets	11.77	12.13	-0.9	1.57	0.1	-0.39
Asset Writedown	-10.84	-10.82	-10.81	-4.48	-8.76	-2.79
Legal Settlements	-14.06	-14.06	-	-	-	-
Other Unusual Items	41.46	41.46	43.83	0.69	46.72	53.33
Pretax Income	730.13	796.53	606.92	423.75	429.4	539.86
Income Tax Expense	107.26	121.38	110.68	52.06	23.45	26.84
Earnings From Continuing Operations	622.87	675.16	496.24	371.69	405.95	513.02
Minority Interest in Earnings	-12.04	-9.64	-34.89	-9.7	-15.62	-37.96
Net Income	610.83	665.51	461.35	361.99	390.33	475.07
Net Income to Common	610.83	665.51	461.35	361.99	390.33	475.07
Net Income Growth	7.64%	44.25%	27.45%	-7.26%	-17.84%	-19.11%
Shares Outstanding (Basic)	1,145	1,145	1,145	1,145	1,145	1,145
Shares Outstanding (Diluted)	1,145	1,145	1,145	1,145	1,145	1,145
Shares Change (YoY)	0.01%	-0.00%	-0.01%	0.01%	-0.00%	0.00%
EPS (Basic)	0.53	0.58	0.40	0.32	0.34	0.41
EPS (Diluted)	0.53	0.58	0.40	0.32	0.34	0.41
EPS Growth	7.63%	44.25%	27.46%	-7.27%	-17.84%	-19.11%
Free Cash Flow	846.93	885.27	-11.9	164.42	1,070	305.47
Free Cash Flow Per Share	0.74	0.77	-0.01	0.14	0.94	0.27
Dividend Per Share	0.200	0.200	0.200	0.250	0.250	0.250
Dividend Growth	-	-	-20.00%	-	-	-16.67%
Gross Margin	13.29%	13.39%	14.37%	15.71%	13.73%	13.01%
Operating Margin	5.93%	6.19%	5.86%	6.07%	4.74%	5.90%
Profit Margin	5.00%	5.37%	4.39%	4.44%	4.79%	5.07%
Free Cash Flow Margin	6.93%	7.14%	-0.11%	2.02%	13.13%	3.26%
EBITDA	933.18	974.34	815.94	680.75	522.76	676.07
EBITDA Margin	7.64%	7.86%	7.77%	8.35%	6.41%	7.22%
D&A For EBITDA	208.94	207.18	200.14	185.93	136.62	123.21
EBIT	724.24	767.16	615.8	494.82	386.14	552.87
EBIT Margin	5.93%	6.19%	5.86%	6.07%	4.74%	5.90%
Effective Tax Rate	14.69%	15.24%	18.24%	12.29%	5.46%	4.97%
Revenue as Reported	12,221	12,396	10,506	8,151	8,151	9,365
Advertising Expenses	-	35.59	30.53	22.36	10.71	18.21

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