SHE:002050 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	30,235	30,131	27,123	23,942	20,495	15,320
Other Revenue	881	881	824.16	615.74	853.05	700.65
Revenue	31,116	31,012	27,947	24,558	21,348	16,021
Revenue Growth (YoY)	6.64%	10.97%	13.80%	15.04%	33.25%	32.30%
Cost of Revenue	22,135	22,134	20,305	17,815	15,875	11,959
Gross Profit	8,981	8,878	7,642	6,743	5,473	4,062
Selling, General & Admin	2,598	2,661	2,494	2,074	1,780	1,325
Research & Development	1,382	1,374	1,352	1,097	988.95	751.14
Other Operating Expenses	-27.53	-2.6	66.36	45.48	77.98	62.69
Operating Expenses	3,929	4,009	3,968	3,268	2,944	2,196
Operating Income	5,052	4,869	3,674	3,475	2,529	1,866
Interest Expense	-134.45	-134.45	-152.27	-212.08	-233.21	-146.89
Interest & Investment Income	279.21	262.6	130.32	159.15	188.13	304.72
Currency Exchange Gain (Loss)	-209.62	-209.62	83.15	133.52	228.84	-95.99
Other Non Operating Income (Expenses)	-68.83	-8.38	-8.12	-7.83	-6.22	-4.37
EBT Excluding Unusual Items	4,919	4,779	3,727	3,548	2,706	1,923
Impairment of Goodwill	-	-	-6.79	-0.81	-	-31.96
Gain (Loss) on Sale of Investments	-154.43	-7.32	-116.31	-83.33	-192.09	3.22
Gain (Loss) on Sale of Assets	20.94	-0.51	3.02	8.74	459.76	-0.39
Asset Writedown	-88.01	-85.6	-38.49	-23.26	-14.39	-16.21
Other Unusual Items	157.85	157.85	123.53	104.13	91.85	98.55
Pretax Income	4,855	4,844	3,692	3,553	3,051	1,977
Income Tax Expense	720.79	737.07	579.96	619.55	443.21	271.8
Earnings From Continuing Operations	4,134	4,107	3,112	2,934	2,608	1,705
Minority Interest in Earnings	-46.99	-43.8	-12.56	-12.72	-34.71	-20.78
Net Income	4,087	4,063	3,099	2,921	2,573	1,684
Net Income to Common	4,087	4,063	3,099	2,921	2,573	1,684
Net Income Growth	21.83%	31.10%	6.10%	13.51%	52.81%	15.17%
Shares Outstanding (Basic)	4,061	3,948	3,689	3,606	3,574	3,583
Shares Outstanding (Diluted)	4,070	3,957	3,689	3,606	3,574	3,583
Shares Change (YoY)	10.67%	7.26%	2.31%	0.90%	-0.25%	0.47%
EPS (Basic)	1.01	1.03	0.84	0.81	0.72	0.47
EPS (Diluted)	1.01	1.03	0.84	0.81	0.72	0.47
EPS Growth	10.34%	22.52%	3.70%	12.50%	53.19%	14.63%
Free Cash Flow	2,807	1,938	1,076	978.5	-432.14	-396.19
Free Cash Flow Per Share	0.69	0.49	0.29	0.27	-0.12	-0.11
Dividend Per Share	0.400	0.400	0.350	0.300	0.300	0.150
Dividend Growth	14.29%	14.29%	16.67%	-	100.00%	-57.14%
Gross Margin	28.86%	28.63%	27.35%	27.46%	25.64%	25.35%
Operating Margin	16.24%	15.70%	13.15%	14.15%	11.85%	11.65%
Profit Margin	13.13%	13.10%	11.09%	11.89%	12.05%	10.51%
Free Cash Flow Margin	9.02%	6.25%	3.85%	3.98%	-2.02%	-2.47%
EBITDA	6,182	5,949	4,552	4,273	3,094	2,346
EBITDA Margin	19.87%	19.18%	16.29%	17.40%	14.49%	14.64%
D&A For EBITDA	1,130	1,080	878.34	798.27	565.19	480.06
EBIT	5,052	4,869	3,674	3,475	2,529	1,866
EBIT Margin	16.24%	15.70%	13.15%	14.15%	11.85%	11.65%
Effective Tax Rate	14.85%	15.22%	15.71%	17.44%	14.52%	13.75%
Revenue as Reported	31,012	31,012	27,947	24,558	21,348	16,021
Advertising Expenses	-	24.73	30.74	24.04	17.67	12.06

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