SHE:002226 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	10,037	9,982	9,390	8,809	7,715	6,398
Other Revenue	-	-	90.6	86.24	103.93	83.21
Revenue	10,037	9,982	9,481	8,895	7,819	6,481
Revenue Growth (YoY)	-0.69%	5.28%	6.59%	13.75%	20.65%	65.39%
Cost of Revenue	7,039	6,947	6,662	6,306	5,640	4,262
Gross Profit	2,998	3,034	2,818	2,589	2,179	2,219
Selling, General & Admin	1,185	1,132	1,023	878.93	772.65	733
Research & Development	326.56	315.52	301.42	228.38	206.73	153.71
Other Operating Expenses	27.89	25.33	27.89	43.86	50.29	47.7
Operating Expenses	1,539	1,473	1,398	1,184	1,051	955.99
Operating Income	1,459	1,562	1,421	1,405	1,128	1,263
Interest Expense	-	-	-135.03	-155.79	-167.28	-212.32
Interest & Investment Income	23.44	16.57	45.73	28.36	37.26	36.64
Currency Exchange Gain (Loss)	-	-	8.41	-0.34	5.74	1.65
Other Non Operating Income (Expenses)	-204.18	-209.34	-11.74	-16.68	-16.26	-14.73
EBT Excluding Unusual Items	1,278	1,369	1,328	1,261	987.43	1,075
Impairment of Goodwill	-	-	-15.53	-30.63	-28.11	-86.88
Gain (Loss) on Sale of Investments	40.59	-15.33	74.14	-57.65	52.19	95.27
Gain (Loss) on Sale of Assets	12.69	12.57	-0.98	15	-2.17	340.92
Asset Writedown	-24.54	-24.37	-7.38	-17.68	-119.62	-22.95
Other Unusual Items	-	-	30.3	61.25	15.11	30.65
Pretax Income	1,307	1,342	1,408	1,231	904.83	1,432
Income Tax Expense	279.73	278.89	275.99	231.31	250.02	230.55
Earnings From Continuing Operations	1,027	1,063	1,132	999.58	654.8	1,201
Minority Interest in Earnings	-291.13	-305.19	-241.41	-226.5	-176.06	-148.38
Net Income	735.69	757.55	891.03	773.09	478.74	1,053
Net Income to Common	735.69	757.55	891.03	773.09	478.74	1,053
Net Income Growth	-21.38%	-14.98%	15.26%	61.48%	-54.52%	135.58%
Shares Outstanding (Basic)	2,649	2,649	2,649	2,649	2,649	2,649
Shares Outstanding (Diluted)	2,649	2,649	2,649	2,649	2,649	2,649
Shares Change (YoY)	0.02%	0.00%	-0.02%	-0.00%	0.02%	0.01%
EPS (Basic)	0.28	0.29	0.34	0.29	0.18	0.40
EPS (Diluted)	0.28	0.29	0.34	0.29	0.18	0.40
EPS Growth	-21.40%	-14.98%	15.28%	61.48%	-54.53%	135.57%
Free Cash Flow	398.47	681.3	568.76	392.63	905.66	87.49
Free Cash Flow Per Share	0.15	0.26	0.21	0.15	0.34	0.03
Dividend Per Share	-	-	0.075	0.060	0.060	0.060
Dividend Growth	-	-	25.00%	-	-	52.67%
Gross Margin	29.87%	30.40%	29.73%	29.10%	27.87%	34.24%
Operating Margin	14.53%	15.64%	14.98%	15.80%	14.42%	19.49%
Profit Margin	7.33%	7.59%	9.40%	8.69%	6.12%	16.24%
Free Cash Flow Margin	3.97%	6.83%	6.00%	4.41%	11.58%	1.35%
EBITDA	2,201	2,285	2,069	2,035	1,723	1,778
EBITDA Margin	21.93%	22.89%	21.82%	22.88%	22.03%	27.43%
D&A For EBITDA	742.67	723.77	648.13	630.15	594.87	514.35
EBIT	1,459	1,562	1,421	1,405	1,128	1,263
EBIT Margin	14.53%	15.64%	14.98%	15.80%	14.42%	19.49%
Effective Tax Rate	21.41%	20.79%	19.60%	18.79%	27.63%	16.11%
Revenue as Reported	-	-	9,481	8,895	7,819	6,481
Advertising Expenses	-	-	1.72	4.22	1.58	0.84

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