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	9,921	9,865	9,870	8,809	7,715	6,398
Other Revenue	116.22	116.22	91.62	86.24	103.93	83.21
Revenue	10,037	9,982	9,962	8,895	7,819	6,481
Revenue Growth (YoY)	-0.69%	0.20%	12.00%	13.75%	20.65%	65.39%
Cost of Revenue	7,071	6,980	7,014	6,306	5,640	4,262
Gross Profit	2,966	3,002	2,948	2,589	2,179	2,219
Selling, General & Admin	1,154	1,101	1,095	878.93	772.65	733
Research & Development	326.56	315.52	319.92	228.38	206.73	153.71
Other Operating Expenses	59.04	56.48	29.73	43.86	50.29	47.7
Operating Expenses	1,611	1,561	1,491	1,184	1,051	955.99
Operating Income	1,354	1,441	1,456	1,405	1,128	1,263
Interest Expense	-151.13	-139.65	-136.12	-155.79	-167.28	-212.32
Interest & Investment Income	35.52	30.71	46.42	28.36	37.26	36.64
Currency Exchange Gain (Loss)	2.8	2.8	8.81	-0.34	5.74	1.65
Other Non Operating Income (Expenses)	-2.02	-4.39	-16.26	-16.68	-16.26	-14.73
EBT Excluding Unusual Items	1,240	1,330	1,359	1,261	987.43	1,075
Impairment of Goodwill	-17.93	-17.93	-15.53	-30.63	-28.11	-86.88
Gain (Loss) on Sale of Investments	40.59	-15.33	75.07	-57.65	52.19	95.27
Gain (Loss) on Sale of Assets	12.69	12.57	-2.06	15	-2.17	340.92
Asset Writedown	-5.87	-5.69	-7.95	-17.68	-119.62	-22.95
Other Unusual Items	37.55	37.55	32.84	61.25	15.11	30.65
Pretax Income	1,307	1,342	1,442	1,231	904.83	1,432
Income Tax Expense	279.73	278.89	276.06	231.31	250.02	230.55
Earnings From Continuing Operations	1,027	1,063	1,165	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	924.09	773.09	478.74	1,053
Net Income to Common	735.69	757.55	924.09	773.09	478.74	1,053
Net Income Growth	-21.38%	-18.02%	19.53%	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%	0.01%	-0.03%	-0.00%	0.02%	0.01%
EPS (Basic)	0.28	0.29	0.35	0.29	0.18	0.40
EPS (Diluted)	0.28	0.29	0.35	0.29	0.18	0.40
EPS Growth	-21.40%	-18.03%	19.57%	61.48%	-54.53%	135.57%
Free Cash Flow	398.47	681.3	610.08	392.63	905.66	87.49
Free Cash Flow Per Share	0.15	0.26	0.23	0.15	0.34	0.03
Dividend Per Share	0.088	0.088	0.075	0.060	0.060	0.060
Dividend Growth	17.33%	17.33%	25.00%	-	-	52.67%
Gross Margin	29.55%	30.08%	29.59%	29.10%	27.87%	34.24%
Operating Margin	13.49%	14.44%	14.62%	15.80%	14.42%	19.49%
Profit Margin	7.33%	7.59%	9.28%	8.69%	6.12%	16.24%
Free Cash Flow Margin	3.97%	6.83%	6.12%	4.41%	11.58%	1.35%
EBITDA	2,090	2,161	2,117	2,035	1,723	1,778
EBITDA Margin	20.82%	21.65%	21.25%	22.88%	22.03%	27.43%
D&A For EBITDA	735.37	720.45	660.78	630.15	594.87	514.35
EBIT	1,354	1,441	1,456	1,405	1,128	1,263
EBIT Margin	13.49%	14.44%	14.62%	15.80%	14.42%	19.49%
Effective Tax Rate	21.41%	20.79%	19.15%	18.79%	27.63%	16.11%
Revenue as Reported	10,037	9,982	9,962	8,895	7,819	6,481
Advertising Expenses	-	1.05	4.12	4.22	1.58	0.84

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