SHE:002422 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	17,864	21,107	20,714	18,601	16,936
Other Revenue	648.53	705.65	739.64	437.62	341.23
Revenue	18,513	21,812	21,454	19,038	17,277
Revenue Growth (YoY)	-15.13%	1.67%	12.69%	10.19%	4.94%
Cost of Revenue	9,767	10,613	10,291	9,084	7,993
Gross Profit	8,746	11,200	11,163	9,954	9,284
Selling, General & Admin	4,246	4,801	5,592	5,657	5,877
Research & Development	2,205	2,171	1,944	1,795	1,737
Other Operating Expenses	154.79	110.88	184.61	192.45	150.4
Operating Expenses	6,641	7,156	7,756	7,694	7,800
Operating Income	2,105	4,044	3,407	2,260	1,484
Interest Expense	-102.84	-151.62	-361.54	-475.22	-518.34
Interest & Investment Income	291.83	416.62	462.47	278.81	244.03
Currency Exchange Gain (Loss)	-45.57	16.89	33.36	-41.86	-2.31
Other Non Operating Income (Expenses)	2.32	-170.39	-18.95	-143.9	-21.84
EBT Excluding Unusual Items	2,251	4,155	3,522	1,878	1,186
Impairment of Goodwill	-2.41	-	-	-	-
Gain (Loss) on Sale of Investments	27.61	19.9	14.67	9.86	4.83
Gain (Loss) on Sale of Assets	5.32	0.81	2.63	5.4	-7.94
Asset Writedown	-13.03	-65.85	-58.62	-1.93	-13.2
Legal Settlements	73.41	-	-	-	-
Other Unusual Items	62.08	175.04	99.62	177	8.38
Pretax Income	2,404	4,285	3,580	2,068	1,178
Income Tax Expense	526.62	923.4	933.79	363.7	309.5
Earnings From Continuing Operations	1,877	3,362	2,647	1,704	868.12
Minority Interest in Earnings	-175.28	-426.06	-190.53	1.1	234.44
Net Income	1,702	2,936	2,456	1,705	1,103
Net Income to Common	1,702	2,936	2,456	1,705	1,103
Net Income Growth	-42.03%	19.53%	44.03%	54.67%	32.94%
Shares Outstanding (Basic)	1,591	1,578	1,453	1,398	1,414
Shares Outstanding (Diluted)	1,591	1,578	1,545	1,483	1,414
Shares Change (YoY)	0.77%	2.18%	4.17%	4.91%	-1.15%
EPS (Basic)	1.07	1.86	1.69	1.22	0.78
EPS (Diluted)	1.07	1.86	1.59	1.15	0.78
EPS Growth	-42.47%	16.98%	38.26%	47.44%	34.48%
Free Cash Flow	1,020	2,815	3,568	2,230	1,857
Free Cash Flow Per Share	0.64	1.78	2.31	1.50	1.31
Dividend Per Share	0.594	0.763	0.800	0.616	0.426
Dividend Growth	-22.15%	-4.63%	29.87%	44.60%	33.63%
Gross Margin	47.24%	51.35%	52.03%	52.29%	53.74%
Operating Margin	11.37%	18.54%	15.88%	11.87%	8.59%
Profit Margin	9.19%	13.46%	11.45%	8.96%	6.38%
Free Cash Flow Margin	5.51%	12.90%	16.63%	11.71%	10.75%
EBITDA	3,397	5,249	4,596	3,416	2,690
EBITDA Margin	18.35%	24.06%	21.42%	17.94%	15.57%
D&A For EBITDA	1,292	1,205	1,189	1,156	1,206
EBIT	2,105	4,044	3,407	2,260	1,484
EBIT Margin	11.37%	18.54%	15.88%	11.87%	8.59%
Effective Tax Rate	21.91%	21.55%	26.08%	17.59%	26.28%
Revenue as Reported	18,513	21,812	21,454	19,038	17,277
Advertising Expenses	25.09	145.44	265.58	129.59	161.8

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