SHE:002130 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	8,550	8,277	6,762	5,557	5,219	5,293
Other Revenue	173.88	173.88	164.77	165.8	121.83	113.93
Revenue	8,724	8,451	6,927	5,723	5,341	5,407
Revenue Growth (YoY)	19.56%	22.00%	21.02%	7.16%	-1.21%	32.04%
Cost of Revenue	6,049	5,823	4,756	3,873	3,671	3,664
Gross Profit	2,674	2,628	2,170	1,850	1,670	1,742
Selling, General & Admin	723.94	699.01	656.17	595.08	567.31	624.1
Research & Development	466.9	446.2	348.69	309.96	305.81	323.97
Other Operating Expenses	37.64	31.77	16.76	24.25	44.71	38.47
Operating Expenses	1,251	1,198	1,047	945.3	942.63	1,004
Operating Income	1,423	1,429	1,123	904.78	727.63	738.53
Interest Expense	-58.21	-54.34	-61.73	-66.17	-89.05	-107.96
Interest & Investment Income	16.88	15.91	33.93	24.29	17.13	12.36
Currency Exchange Gain (Loss)	-0.57	-0.57	8.53	4.29	14.68	-3.72
Other Non Operating Income (Expenses)	-26.49	-3.34	-6.07	-3.58	-4.81	-4.52
EBT Excluding Unusual Items	1,355	1,387	1,097	863.61	665.59	634.68
Impairment of Goodwill	-	-	-36.48	-28.67	-	-
Gain (Loss) on Sale of Investments	0.09	0.09	0.17	0.24	-	-
Gain (Loss) on Sale of Assets	0.61	0.79	0.63	-0.98	0.95	-2.98
Asset Writedown	-6.28	-6.28	-12.32	-3.64	-4.94	-7.42
Other Unusual Items	46.31	40.02	24.59	42.31	65.76	31.88
Pretax Income	1,396	1,422	1,074	872.88	727.36	656.16
Income Tax Expense	202.21	200.91	153.36	115.15	67.11	71.59
Earnings From Continuing Operations	1,194	1,221	920.5	757.73	660.25	584.56
Minority Interest in Earnings	-68.81	-76.79	-72.95	-57.24	-45.62	-31.85
Net Income	1,125	1,144	847.55	700.48	614.62	552.71
Net Income to Common	1,125	1,144	847.55	700.48	614.62	552.71
Net Income Growth	23.11%	34.96%	21.00%	13.97%	11.20%	39.66%
Shares Outstanding (Basic)	-	1,243	1,246	1,251	1,254	1,256
Shares Outstanding (Diluted)	-	1,243	1,246	1,251	1,254	1,256
Shares Change (YoY)	-	-0.25%	-0.36%	-0.28%	-0.14%	-1.60%
EPS (Basic)	-	0.92	0.68	0.56	0.49	0.44
EPS (Diluted)	-	0.92	0.68	0.56	0.49	0.44
EPS Growth	-	35.29%	21.43%	14.29%	11.36%	41.94%
Free Cash Flow	40.28	123.83	452.16	577.65	500.02	292.44
Free Cash Flow Per Share	-	0.10	0.36	0.46	0.40	0.23
Dividend Per Share	0.165	0.165	0.137	0.170	0.040	0.035
Dividend Growth	20.44%	20.44%	-19.41%	325.00%	14.29%	16.67%
Gross Margin	30.66%	31.09%	31.33%	32.33%	31.27%	32.22%
Operating Margin	16.32%	16.91%	16.21%	15.81%	13.62%	13.66%
Profit Margin	12.89%	13.54%	12.24%	12.24%	11.51%	10.22%
Free Cash Flow Margin	0.46%	1.47%	6.53%	10.09%	9.36%	5.41%
EBITDA	1,667	1,668	1,345	1,109	934.48	943.17
EBITDA Margin	19.11%	19.74%	19.42%	19.37%	17.50%	17.45%
D&A For EBITDA	243.35	239.17	222.43	203.9	206.85	204.65
EBIT	1,423	1,429	1,123	904.78	727.63	738.53
EBIT Margin	16.32%	16.91%	16.21%	15.81%	13.62%	13.66%
Effective Tax Rate	14.49%	14.13%	14.28%	13.19%	9.23%	10.91%
Revenue as Reported	8,724	8,451	6,927	5,723	5,341	5,407
Advertising Expenses	-	20.53	19.44	15.16	21.16	23.26

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