SHE:002223 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	7,835	7,901	7,523	7,919	7,034	6,831
Other Revenue	54.03	54.03	42.9	52.81	67.77	63.18
Revenue	7,890	7,955	7,566	7,972	7,102	6,894
Revenue Growth (YoY)	1.53%	5.14%	-5.09%	12.25%	3.01%	2.51%
Cost of Revenue	3,922	3,952	3,796	3,916	3,709	3,586
Gross Profit	3,968	4,003	3,770	4,055	3,393	3,308
Selling, General & Admin	2,287	2,239	1,790	1,499	1,452	1,334
Research & Development	572.5	570.15	546.68	504.37	496.4	425.67
Other Operating Expenses	142.06	28.89	-1.69	32.96	44.67	31.99
Operating Expenses	3,013	2,842	2,355	2,027	2,006	1,818
Operating Income	955.14	1,161	1,415	2,029	1,387	1,490
Interest Expense	-5.43	-6	-20.73	-58.55	-57.74	-30.49
Interest & Investment Income	285.41	283.33	261.13	357.97	185.19	156.79
Currency Exchange Gain (Loss)	-43.53	-43.53	19.69	3.66	99.33	-0.04
Other Non Operating Income (Expenses)	-32.82	-0.68	-0.94	-2.41	-1.4	-1.79
EBT Excluding Unusual Items	1,159	1,394	1,674	2,329	1,612	1,614
Impairment of Goodwill	-7.76	-7.76	-22.39	-40.95	-77.43	-
Gain (Loss) on Sale of Investments	-	-	-	-4.11	2.16	2.17
Gain (Loss) on Sale of Assets	0.99	1.28	6.16	555.26	170.7	0.29
Asset Writedown	-1.1	-1.33	-2.09	-13.66	-1.99	-0.86
Other Unusual Items	297.9	297.9	277.31	23.03	136.63	85.75
Pretax Income	1,449	1,684	1,933	2,849	1,842	1,702
Income Tax Expense	158.63	200.36	128.56	472.36	269.73	217.82
Earnings From Continuing Operations	1,290	1,484	1,804	2,376	1,573	1,484
Minority Interest in Earnings	-4.8	-2.34	1.43	19.38	22.35	-1.6
Net Income	1,285	1,482	1,806	2,396	1,595	1,482
Net Income to Common	1,285	1,482	1,806	2,396	1,595	1,482
Net Income Growth	-27.42%	-17.94%	-24.63%	50.21%	7.60%	-15.73%
Shares Outstanding (Basic)	1,002	1,001	998	994	991	995
Shares Outstanding (Diluted)	1,002	1,001	998	994	991	995
Shares Change (YoY)	0.41%	0.36%	0.35%	0.35%	-0.42%	-1.02%
EPS (Basic)	1.28	1.48	1.81	2.41	1.61	1.49
EPS (Diluted)	1.28	1.48	1.81	2.41	1.61	1.49
EPS Growth	-27.72%	-18.23%	-24.90%	49.69%	8.05%	-14.86%
Free Cash Flow	1,316	1,374	1,688	1,994	1,926	916.88
Free Cash Flow Per Share	1.31	1.37	1.69	2.01	1.94	0.92
Dividend Per Share	0.600	0.600	0.800	0.800	0.600	0.300
Dividend Growth	-25.00%	-25.00%	-	33.33%	100.00%	-
Gross Margin	50.29%	50.32%	49.83%	50.87%	47.77%	47.99%
Operating Margin	12.11%	14.60%	18.70%	25.45%	19.53%	21.61%
Profit Margin	16.29%	18.63%	23.87%	30.05%	22.46%	21.50%
Free Cash Flow Margin	16.68%	17.27%	22.31%	25.02%	27.11%	13.30%
EBITDA	1,199	1,399	1,628	2,236	1,586	1,677
EBITDA Margin	15.20%	17.59%	21.51%	28.04%	22.33%	24.33%
D&A For EBITDA	243.95	237.73	212.85	206.92	199.14	187.27
EBIT	955.14	1,161	1,415	2,029	1,387	1,490
EBIT Margin	12.11%	14.60%	18.70%	25.45%	19.53%	21.61%
Effective Tax Rate	10.95%	11.89%	6.65%	16.58%	14.64%	12.80%
Revenue as Reported	7,890	7,955	7,566	7,972	7,102	6,894
Advertising Expenses	-	351.51	171.34	121.54	147.18	-

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