SHE:002444 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	Dec '21 Dec 31, 2021
Operating Revenue	14,696	14,580	14,735	10,865	12,545	10,850
Other Revenue	86.12	86.12	59.95	64.68	64.9	69.76
Revenue	14,783	14,666	14,795	10,930	12,610	10,920
Revenue Growth (YoY)	-2.40%	-0.87%	35.37%	-13.32%	15.48%	27.80%
Cost of Revenue	9,988	9,949	10,091	7,477	9,310	8,205
Gross Profit	4,794	4,717	4,705	3,453	3,300	2,715
Selling, General & Admin	2,097	2,065	1,891	1,625	1,515	1,277
Research & Development	421.8	403.06	366.16	322.54	319.44	309.76
Other Operating Expenses	41.34	45.22	45.9	38.53	45.92	34.36
Operating Expenses	2,566	2,521	2,353	1,994	1,862	1,652
Operating Income	2,228	2,196	2,352	1,459	1,438	1,063
Interest Expense	-25.2	-32.5	-77.04	-84.77	-102.11	-59.75
Interest & Investment Income	905.91	874.74	665.69	380.82	260.41	430.01
Currency Exchange Gain (Loss)	-19.06	-19.06	78.43	163.01	146.15	-53.97
Other Non Operating Income (Expenses)	-125.52	-18.75	-16.99	-5.77	-16.66	-14.29
EBT Excluding Unusual Items	2,964	3,000	3,002	1,912	1,726	1,365
Impairment of Goodwill	-	-	-213.54	-1.67	-14.83	-4.28
Gain (Loss) on Sale of Investments	-9.02	-11.1	-35.31	50.18	-50.58	-23.61
Gain (Loss) on Sale of Assets	2.07	-0.71	0.09	5.81	-16.89	-3.02
Asset Writedown	-1.75	-54.68	-6.52	-4.16	-10.81	-1.83
Other Unusual Items	47.28	47.28	21.06	26.44	34.18	126.44
Pretax Income	3,003	2,981	2,767	1,989	1,667	1,459
Income Tax Expense	394.12	414.37	401.6	294	222.1	161.22
Earnings From Continuing Operations	2,609	2,567	2,366	1,695	1,445	1,297
Minority Interest in Earnings	-44.39	-57.07	-62.17	-3.1	-25.32	-27.31
Net Income	2,564	2,510	2,304	1,692	1,420	1,270
Net Income to Common	2,564	2,510	2,304	1,692	1,420	1,270
Net Income Growth	9.08%	8.95%	36.18%	19.14%	11.80%	-5.93%
Shares Outstanding (Basic)	1,194	1,194	1,194	1,194	1,141	1,124
Shares Outstanding (Diluted)	1,194	1,194	1,194	1,194	1,141	1,124
Shares Change (YoY)	0.00%	0.00%	-0.00%	4.70%	1.50%	4.05%
EPS (Basic)	2.15	2.10	1.93	1.42	1.24	1.13
EPS (Diluted)	2.15	2.10	1.93	1.42	1.24	1.13
EPS Growth	9.08%	8.94%	36.18%	13.79%	10.14%	-9.60%
Free Cash Flow	962.01	1,338	1,252	1,688	1,199	-523.85
Free Cash Flow Per Share	0.81	1.12	1.05	1.41	1.05	-0.47
Dividend Per Share	0.650	0.650	0.250	0.275	0.100	-
Dividend Growth	160.00%	160.00%	-9.09%	175.00%	-	-
Gross Margin	32.43%	32.16%	31.80%	31.59%	26.17%	24.86%
Operating Margin	15.07%	14.97%	15.89%	13.35%	11.41%	9.73%
Profit Margin	17.35%	17.11%	15.57%	15.48%	11.26%	11.63%
Free Cash Flow Margin	6.51%	9.12%	8.46%	15.44%	9.51%	-4.80%
EBITDA	2,529	2,493	2,633	1,711	1,652	1,258
EBITDA Margin	17.11%	17.00%	17.80%	15.66%	13.10%	11.52%
D&A For EBITDA	300.57	296.85	281.95	252.53	213.67	195.51
EBIT	2,228	2,196	2,352	1,459	1,438	1,063
EBIT Margin	15.07%	14.97%	15.89%	13.35%	11.41%	9.73%
Effective Tax Rate	13.13%	13.90%	14.51%	14.78%	13.32%	11.05%
Revenue as Reported	14,783	14,666	14,795	10,930	12,610	10,920
Advertising Expenses	-	334.39	302.58	259.76	234.82	173.59

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