SHE:002271 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	28,547	27,312	27,839	32,165	30,355	30,911
Other Revenue	266.51	266.51	216.62	657.29	858.92	1,023
Revenue	28,814	27,579	28,056	32,823	31,214	31,934
Revenue Growth (YoY)	7.27%	-1.70%	-14.52%	5.15%	-2.26%	46.96%
Cost of Revenue	21,443	20,738	20,819	23,735	23,174	22,184
Gross Profit	7,371	6,841	7,237	9,087	8,039	9,750
Selling, General & Admin	4,293	4,125	4,660	4,518	4,453	3,862
Research & Development	487.69	503.46	585.95	605.65	556.32	559.31
Other Operating Expenses	158.98	104.86	22.15	-8.07	59.23	116.59
Operating Expenses	6,057	5,807	6,037	5,777	5,367	4,778
Operating Income	1,314	1,034	1,200	3,310	2,673	4,972
Interest Expense	-152.9	-142.79	-149.02	-126.62	-197.19	-144.13
Interest & Investment Income	80.83	43.59	75.15	52.25	71.27	142.92
Currency Exchange Gain (Loss)	4.18	4.18	-10.19	12.57	-17.6	10.52
Other Non Operating Income (Expenses)	-275	-255.13	-183.99	-239.74	-206.38	-232.35
EBT Excluding Unusual Items	971.21	683.51	932.21	3,009	2,323	4,749
Impairment of Goodwill	-	-	-6.11	-	-	-
Gain (Loss) on Sale of Investments	-110.46	-106.34	-65.41	-56.33	-16.83	-49.58
Gain (Loss) on Sale of Assets	-118.81	-104.98	-200.23	1.34	0.39	-8.62
Asset Writedown	-358.67	-335.57	-252.37	-195.44	-15.87	-
Other Unusual Items	132.84	110.57	126.7	195	313.01	409.62
Pretax Income	516.12	247.19	534.79	2,953	2,603	5,100
Income Tax Expense	260.94	209.21	459.28	666.49	484.51	886.85
Earnings From Continuing Operations	255.18	37.98	75.51	2,287	2,119	4,213
Minority Interest in Earnings	67.56	75.29	32.66	-13.64	2.47	-8.61
Net Income	322.74	113.27	108.17	2,273	2,121	4,205
Net Income to Common	322.74	113.27	108.17	2,273	2,121	4,205
Net Income Growth	-	4.71%	-95.24%	7.16%	-49.55%	24.07%
Shares Outstanding (Basic)	2,255	2,265	2,704	2,498	2,496	2,416
Shares Outstanding (Diluted)	2,255	2,265	2,704	2,526	2,525	2,473
Shares Change (YoY)	-16.00%	-16.23%	7.06%	0.02%	2.10%	6.56%
EPS (Basic)	0.14	0.05	0.04	0.91	0.85	1.74
EPS (Diluted)	0.14	0.05	0.04	0.90	0.84	1.70
EPS Growth	-	25.00%	-95.56%	7.14%	-50.59%	16.44%
Free Cash Flow	2,470	2,558	2,284	218.73	-3,569	-387.33
Free Cash Flow Per Share	1.09	1.13	0.84	0.09	-1.41	-0.16
Dividend Per Share	0.925	0.925	2.450	0.600	0.100	0.300
Dividend Growth	-62.24%	-62.24%	308.33%	500.00%	-66.67%	-
Gross Margin	25.58%	24.80%	25.79%	27.69%	25.76%	30.53%
Operating Margin	4.56%	3.75%	4.28%	10.09%	8.56%	15.57%
Profit Margin	1.12%	0.41%	0.39%	6.93%	6.80%	13.17%
Free Cash Flow Margin	8.57%	9.28%	8.14%	0.67%	-11.43%	-1.21%
EBITDA	2,433	2,129	2,201	4,176	3,430	5,512
EBITDA Margin	8.44%	7.72%	7.84%	12.72%	10.99%	17.26%
D&A For EBITDA	1,119	1,095	1,000	865.54	757.48	540.61
EBIT	1,314	1,034	1,200	3,310	2,673	4,972
EBIT Margin	4.56%	3.75%	4.28%	10.09%	8.56%	15.57%
Effective Tax Rate	50.56%	84.63%	85.88%	22.57%	18.61%	17.39%
Revenue as Reported	28,814	27,579	28,056	32,823	31,214	31,934
Advertising Expenses	-	596.31	848.84	899.99	682.57	631.71

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