SHE:001914 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	19,273	17,172	15,627	13,024	10,591
Revenue Growth (YoY)	12.23%	9.89%	19.99%	22.97%	22.42%
Cost of Revenue	17,136	15,119	13,821	11,551	9,244
Gross Profit	2,137	2,053	1,806	1,473	1,347
Selling, General & Admin	689.93	716.9	699.33	540.16	473.56
Research & Development	76.11	78.15	98.9	48.26	37.54
Other Operating Expenses	127.18	88.57	28.62	26.2	41.62
Operating Expenses	1,011	921.78	863.71	647.57	579.19
Operating Income	1,126	1,131	942.26	825.56	767.93
Interest Expense	-25.03	-47.55	-94.85	-117.13	-144.39
Interest & Investment Income	37.41	40.88	53.13	80.04	30.07
Currency Exchange Gain (Loss)	-0.09	0.03	0.04	-0.01	-0.05
Other Non Operating Income (Expenses)	-207.08	-16.68	-21.61	-6.44	-5.47
EBT Excluding Unusual Items	931.55	1,108	878.97	782.01	648.1
Gain (Loss) on Sale of Investments	-14.67	0.55	5.97	-8.46	106.7
Gain (Loss) on Sale of Assets	3.33	2.5	0.59	0.85	1.07
Asset Writedown	-0.27	-0.79	-1.48	-1.84	-0.93
Other Unusual Items	30.28	28.57	44.36	49.03	-8.56
Pretax Income	950.22	1,139	928.41	821.58	746.37
Income Tax Expense	292.27	269.25	189.75	252.81	293.73
Earnings From Continuing Operations	657.96	869.47	738.65	568.77	452.64
Net Income to Company	657.96	869.47	738.65	568.77	452.64
Minority Interest in Earnings	-3.38	-28.98	-2.93	24.74	60.23
Net Income	654.58	840.5	735.73	593.51	512.87
Net Income to Common	654.58	840.5	735.73	593.51	512.87
Net Income Growth	-22.12%	14.24%	23.96%	15.72%	17.25%
Shares Outstanding (Basic)	1,058	1,060	1,060	1,060	1,060
Shares Outstanding (Diluted)	1,058	1,060	1,060	1,060	1,060
Shares Change (YoY)	-0.18%	0.00%	-0.01%	0.01%	-0.01%
EPS (Basic)	0.62	0.79	0.69	0.56	0.48
EPS (Diluted)	0.62	0.79	0.69	0.56	0.48
EPS Growth	-21.98%	14.24%	23.98%	15.71%	17.26%
Free Cash Flow	1,622	1,811	1,786	966.9	684.16
Free Cash Flow Per Share	1.53	1.71	1.68	0.91	0.65
Dividend Per Share	0.260	0.240	0.170	0.120	0.100
Dividend Growth	8.33%	41.18%	41.67%	20.00%	-23.08%
Gross Margin	11.09%	11.96%	11.56%	11.31%	12.72%
Operating Margin	5.84%	6.59%	6.03%	6.34%	7.25%
Profit Margin	3.40%	4.90%	4.71%	4.56%	4.84%
Free Cash Flow Margin	8.42%	10.54%	11.43%	7.42%	6.46%
EBITDA	1,165	1,176	998.14	871.67	804.33
EBITDA Margin	6.04%	6.85%	6.39%	6.69%	7.60%
D&A For EBITDA	38.79	44.68	55.88	46.11	36.4
EBIT	1,126	1,131	942.26	825.56	767.93
EBIT Margin	5.84%	6.59%	6.03%	6.34%	7.25%
Effective Tax Rate	30.76%	23.64%	20.44%	30.77%	39.36%
Revenue as Reported	-	-	-	-	10,591
Advertising Expenses	0.37	0.94	0.42	0.81	2.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.