SHE:002091 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	40,078	39,286	38,809	36,998	42,695	39,270
Other Revenue	99.31	99.31	81.4	119.92	76.56	69.53
Revenue	40,177	39,385	38,891	37,117	42,771	39,340
Revenue Growth (YoY)	1.27%	1.27%	4.78%	-13.22%	8.72%	30.69%
Cost of Revenue	33,953	33,059	33,160	30,913	36,667	34,528
Gross Profit	6,224	6,326	5,730	6,204	6,104	4,812
Selling, General & Admin	3,325	3,434	3,280	3,097	2,835	2,219
Research & Development	72.31	71.58	75.55	87.87	126.69	123.06
Other Operating Expenses	119.18	110.2	93.47	106.27	144.06	61.1
Operating Expenses	3,555	3,646	3,527	3,287	3,055	2,564
Operating Income	2,669	2,681	2,204	2,918	3,049	2,248
Interest Expense	-273.81	-276.15	-285.63	-278.1	-241.39	-167.78
Interest & Investment Income	1,058	917.11	454.66	611.41	439.93	308.26
Currency Exchange Gain (Loss)	-145.64	-145.64	171.03	91.67	392.05	-73.95
Other Non Operating Income (Expenses)	-222.38	-45.86	-60.53	-38.48	-54.59	-45.09
EBT Excluding Unusual Items	3,085	3,130	2,483	3,304	3,585	2,269
Gain (Loss) on Sale of Investments	3.27	16.05	-31.84	45.33	-87.82	-12.24
Gain (Loss) on Sale of Assets	26.21	25.37	24.15	5.6	2.55	-2.87
Asset Writedown	-234.76	-233.06	-4.35	-2.69	-101.19	-6.29
Other Unusual Items	75.21	75.21	69.56	122.44	79.05	69.79
Pretax Income	2,955	3,014	2,541	3,475	3,477	2,317
Income Tax Expense	790.2	803.99	670.73	837.3	834.4	513.99
Earnings From Continuing Operations	2,165	2,210	1,870	2,637	2,643	1,803
Minority Interest in Earnings	-901.81	-915.63	-764.24	-1,033	-918.97	-567.31
Net Income	1,263	1,294	1,106	1,604	1,724	1,236
Net Income to Common	1,263	1,294	1,106	1,604	1,724	1,236
Net Income Growth	11.29%	17.02%	-31.06%	-6.95%	39.44%	26.44%
Shares Outstanding (Basic)	1,641	1,638	1,626	1,620	1,611	1,564
Shares Outstanding (Diluted)	1,906	1,931	1,874	1,932	1,777	1,785
Shares Change (YoY)	0.52%	3.05%	-3.02%	8.75%	-0.44%	15.02%
EPS (Basic)	0.77	0.79	0.68	0.99	1.07	0.79
EPS (Diluted)	0.66	0.67	0.59	0.83	0.97	0.73
EPS Growth	10.72%	13.56%	-28.92%	-14.43%	32.11%	16.55%
Free Cash Flow	1,525	1,280	263.44	1,249	2,533	-1,138
Free Cash Flow Per Share	0.80	0.66	0.14	0.65	1.43	-0.64
Dividend Per Share	0.470	0.470	0.400	0.300	0.250	0.250
Dividend Growth	17.50%	17.50%	33.33%	20.00%	-	-28.57%
Gross Margin	15.49%	16.06%	14.73%	16.71%	14.27%	12.23%
Operating Margin	6.64%	6.81%	5.67%	7.86%	7.13%	5.71%
Profit Margin	3.14%	3.28%	2.84%	4.32%	4.03%	3.14%
Free Cash Flow Margin	3.79%	3.25%	0.68%	3.36%	5.92%	-2.89%
EBITDA	3,157	3,147	2,587	3,260	3,325	2,518
EBITDA Margin	7.86%	7.99%	6.65%	8.78%	7.77%	6.40%
D&A For EBITDA	487.82	466.94	383.42	342.42	276.23	269.94
EBIT	2,669	2,681	2,204	2,918	3,049	2,248
EBIT Margin	6.64%	6.81%	5.67%	7.86%	7.13%	5.71%
Effective Tax Rate	26.74%	26.68%	26.40%	24.10%	24.00%	22.18%
Revenue as Reported	40,230	39,440	38,956	37,186	42,832	39,393
Advertising Expenses	-	6.64	3.33	4.78	6.19	-

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