SHE:002007 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	4,479	4,584	4,366	5,333	4,503	4,426
Other Revenue	10.93	10.93	13.58	8.9	13.67	10.31
Revenue	4,490	4,595	4,379	5,342	4,517	4,436
Revenue Growth (YoY)	0.67%	4.93%	-18.02%	18.26%	1.82%	-11.69%
Cost of Revenue	2,013	2,013	1,768	1,727	1,699	1,538
Gross Profit	2,476	2,582	2,611	3,615	2,818	2,898
Selling, General & Admin	1,035	1,040	1,066	1,465	1,205	1,011
Research & Development	330.51	337.46	333.18	280.84	314.7	253.63
Other Operating Expenses	51.93	41.46	38.35	44.62	41.75	36.17
Operating Expenses	1,442	1,453	1,432	1,805	1,595	1,312
Operating Income	1,034	1,130	1,179	1,810	1,223	1,586
Interest Expense	-7.6	-10.24	-12.95	-13.17	-30.27	-21.72
Interest & Investment Income	66.06	72.59	157.95	164.47	128.92	85.28
Currency Exchange Gain (Loss)	0.25	0.25	-0.15	-0.3	-0.01	0.33
Other Non Operating Income (Expenses)	3.2	-0.55	-0.49	-0.28	-0.38	-0.34
EBT Excluding Unusual Items	1,096	1,192	1,323	1,961	1,322	1,650
Gain (Loss) on Sale of Investments	13.79	15.17	32.94	60.54	36.11	26.86
Gain (Loss) on Sale of Assets	2.59	2.89	0.08	44.44	47.67	0.42
Asset Writedown	-4.37	-3.53	-5.71	-9.71	-1.19	-3.23
Other Unusual Items	-29.61	-32.77	-11.81	21.24	24.17	14.39
Pretax Income	1,078	1,173	1,339	2,078	1,428	1,688
Income Tax Expense	159.52	173.36	183.14	315.96	180.76	234.13
Earnings From Continuing Operations	918.76	999.99	1,155	1,762	1,248	1,454
Minority Interest in Earnings	-61.14	-59.59	-67.62	-280.11	-171.34	-155.22
Net Income	857.61	940.4	1,088	1,482	1,076	1,299
Net Income to Common	857.61	940.4	1,088	1,482	1,076	1,299
Net Income Growth	-24.72%	-13.55%	-26.57%	37.66%	-17.14%	-19.48%
Shares Outstanding (Basic)	1,826	1,826	1,826	1,824	1,825	1,821
Shares Outstanding (Diluted)	1,826	1,826	1,829	1,824	1,828	1,831
Shares Change (YoY)	-0.13%	-0.16%	0.23%	-0.19%	-0.17%	0.59%
EPS (Basic)	0.47	0.52	0.60	0.81	0.59	0.71
EPS (Diluted)	0.47	0.52	0.59	0.81	0.59	0.71
EPS Growth	-24.62%	-13.41%	-26.75%	37.92%	-17.00%	-19.95%
Free Cash Flow	676.24	680.65	803.92	592.43	563.36	621.15
Free Cash Flow Per Share	0.37	0.37	0.44	0.33	0.31	0.34
Dividend Per Share	1.000	1.000	0.200	0.300	0.300	0.200
Dividend Growth	400.00%	400.00%	-33.33%	-	50.00%	-33.33%
Gross Margin	55.16%	56.19%	59.62%	67.67%	62.38%	65.33%
Operating Margin	23.03%	24.58%	26.92%	33.89%	27.08%	35.76%
Profit Margin	19.10%	20.47%	24.84%	27.73%	23.83%	29.28%
Free Cash Flow Margin	15.06%	14.81%	18.36%	11.09%	12.47%	14.00%
EBITDA	1,311	1,403	1,439	2,069	1,496	1,783
EBITDA Margin	29.21%	30.54%	32.87%	38.74%	33.12%	40.18%
D&A For EBITDA	277.24	273.88	260.46	259.05	272.5	196.39
EBIT	1,034	1,130	1,179	1,810	1,223	1,586
EBIT Margin	23.03%	24.58%	26.92%	33.89%	27.08%	35.76%
Effective Tax Rate	14.79%	14.77%	13.68%	15.21%	12.65%	13.87%
Revenue as Reported	4,490	4,595	4,379	5,342	4,517	4,436
Advertising Expenses	-	5.42	5.08	6.31	2.84	3.38

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