SHE:002080 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	Dec '21 Dec 31, 2021
Operating Revenue	30,927	29,578	23,206	25,189	25,196	19,856
Other Revenue	617.62	617.62	777.55	703.59	617.95	439.51
Revenue	31,544	30,195	23,984	25,893	25,814	20,295
Revenue Growth (YoY)	25.88%	25.90%	-7.37%	0.30%	27.19%	7.58%
Cost of Revenue	25,529	24,594	19,981	19,913	19,823	14,267
Gross Profit	6,016	5,601	4,002	5,980	5,991	6,028
Selling, General & Admin	1,798	1,779	1,606	1,590	1,487	1,259
Research & Development	1,544	1,498	1,271	1,302	1,209	961.49
Other Operating Expenses	467.44	260.83	-403.18	221.1	-162.78	115.79
Operating Expenses	3,881	3,594	2,544	3,140	2,550	2,337
Operating Income	2,135	2,007	1,458	2,840	3,442	3,691
Interest Expense	-379.41	-365.28	-396.4	-404.35	-501.1	-459.03
Interest & Investment Income	40.3	40.38	110.01	61.46	171.33	72.23
Currency Exchange Gain (Loss)	4.7	4.7	18.01	28.96	93.17	-36.43
Other Non Operating Income (Expenses)	-43.56	-23.75	-10.88	-56.44	-21.77	4.11
EBT Excluding Unusual Items	1,756	1,663	1,179	2,469	3,183	3,272
Gain (Loss) on Sale of Investments	-2.08	-2.08	-0.82	-14.26	13.22	-
Gain (Loss) on Sale of Assets	154.07	149.85	2.77	62.35	1,078	680.95
Asset Writedown	-106.14	-113.52	-15.35	-21.89	-139.09	-82.5
Legal Settlements	-	-	-	-	-	-8
Other Unusual Items	728.9	648.27	21.19	535.23	14.41	251.28
Pretax Income	2,532	2,346	1,221	3,037	4,153	4,124
Income Tax Expense	268.2	257.05	96.63	321.71	323.35	648.52
Earnings From Continuing Operations	2,263	2,089	1,124	2,715	3,830	3,475
Net Income to Company	2,263	2,089	1,124	2,715	3,830	3,475
Minority Interest in Earnings	-300.34	-271.18	-232.45	-491.67	-255.38	-101.74
Net Income	1,963	1,818	891.87	2,223	3,574	3,373
Net Income to Common	1,963	1,818	891.87	2,223	3,574	3,373
Net Income Growth	88.97%	103.82%	-59.89%	-37.80%	5.96%	65.40%
Shares Outstanding (Basic)	1,678	1,678	1,678	1,678	1,678	1,678
Shares Outstanding (Diluted)	1,678	1,678	1,678	1,678	1,678	1,678
Shares Change (YoY)	-0.13%	0.01%	-0.01%	-0.00%	0.00%	0.00%
EPS (Basic)	1.17	1.08	0.53	1.32	2.13	2.01
EPS (Diluted)	1.17	1.08	0.53	1.32	2.13	2.01
EPS Growth	89.21%	103.80%	-59.88%	-37.80%	5.96%	65.39%
Free Cash Flow	345.96	1,847	-961.7	-2,943	-1,632	1,869
Free Cash Flow Per Share	0.21	1.10	-0.57	-1.75	-0.97	1.11
Dividend Per Share	0.434	0.434	0.225	0.560	0.660	0.635
Dividend Growth	92.89%	92.89%	-59.82%	-15.15%	3.94%	58.75%
Gross Margin	19.07%	18.55%	16.69%	23.10%	23.21%	29.70%
Operating Margin	6.77%	6.65%	6.08%	10.97%	13.33%	18.19%
Profit Margin	6.22%	6.02%	3.72%	8.59%	13.85%	16.62%
Free Cash Flow Margin	1.10%	6.12%	-4.01%	-11.37%	-6.32%	9.21%
EBITDA	4,439	4,253	3,473	4,601	5,014	4,925
EBITDA Margin	14.07%	14.08%	14.48%	17.77%	19.42%	24.27%
D&A For EBITDA	2,304	2,246	2,016	1,762	1,572	1,235
EBIT	2,135	2,007	1,458	2,840	3,442	3,691
EBIT Margin	6.77%	6.65%	6.08%	10.97%	13.33%	18.19%
Effective Tax Rate	10.59%	10.96%	7.91%	10.59%	7.79%	15.73%
Revenue as Reported	31,544	30,195	23,984	25,893	25,814	20,295
Advertising Expenses	-	12.2	13.3	8.7	2.83	4.09

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