SHE:002461 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	5,874	5,803	5,654	5,300	4,837	4,418
Other Revenue	74.98	74.98	76.81	78.41	90.88	119.41
Revenue	5,949	5,878	5,731	5,378	4,928	4,538
Revenue Growth (YoY)	1.71%	2.56%	6.56%	9.13%	8.60%	6.79%
Cost of Revenue	3,039	3,060	3,077	3,085	2,850	2,546
Gross Profit	2,911	2,818	2,654	2,293	2,078	1,991
Selling, General & Admin	1,387	1,348	1,279	1,217	1,078	1,058
Research & Development	186.65	189.07	179.5	151.18	165.91	148.2
Other Operating Expenses	484.26	473.76	457.61	449.45	438.87	419.04
Operating Expenses	2,056	2,010	1,916	1,818	1,683	1,627
Operating Income	854.24	808.37	738.67	474.45	395.74	364.62
Interest Expense	-23.91	-26.1	-32.22	-38.37	-37.4	-37.86
Interest & Investment Income	183.96	193.6	198.6	225.5	266.23	262.9
Currency Exchange Gain (Loss)	0	0	0.12	0.05	0.06	-0.04
Other Non Operating Income (Expenses)	-1.01	-0.83	-1.75	-1.15	-1.08	-1.1
EBT Excluding Unusual Items	1,013	975.04	903.42	660.47	623.55	588.51
Gain (Loss) on Sale of Investments	13.55	10.45	1.89	9.19	6.45	8.01
Gain (Loss) on Sale of Assets	0.01	-1.39	-23.37	1.22	1.73	56.44
Asset Writedown	-21.24	-3.83	-14.31	-11.77	-3.27	-3.01
Other Unusual Items	79.79	78.25	85	80.89	77.86	80.35
Pretax Income	1,085	1,059	952.63	740	706.32	730.3
Income Tax Expense	145.98	139.49	121.85	96.5	100.71	102.9
Earnings From Continuing Operations	939.41	919.02	830.78	643.5	605.6	627.4
Minority Interest in Earnings	-13.51	-15.22	-20.51	-19.99	-7.34	-16.21
Net Income	925.9	903.8	810.27	623.51	598.26	611.19
Net Income to Common	925.9	903.8	810.27	623.51	598.26	611.19
Net Income Growth	9.40%	11.54%	29.95%	4.22%	-2.11%	7.36%
Shares Outstanding (Basic)	2,213	2,214	2,213	2,227	2,216	2,183
Shares Outstanding (Diluted)	2,213	2,214	2,213	2,227	2,216	2,183
Shares Change (YoY)	0.01%	0.01%	-0.61%	0.50%	1.51%	-0.31%
EPS (Basic)	0.42	0.41	0.37	0.28	0.27	0.28
EPS (Diluted)	0.42	0.41	0.37	0.28	0.27	0.28
EPS Growth	9.39%	11.53%	30.75%	3.70%	-3.57%	7.69%
Free Cash Flow	535.01	225.42	514.07	281.41	163.56	352.16
Free Cash Flow Per Share	0.24	0.10	0.23	0.13	0.07	0.16
Dividend Per Share	0.190	0.190	0.170	0.125	0.120	0.120
Dividend Growth	11.77%	11.77%	36.00%	4.17%	-	4.35%
Gross Margin	48.92%	47.94%	46.32%	42.63%	42.17%	43.89%
Operating Margin	14.36%	13.75%	12.89%	8.82%	8.03%	8.04%
Profit Margin	15.56%	15.38%	14.14%	11.59%	12.14%	13.47%
Free Cash Flow Margin	8.99%	3.84%	8.97%	5.23%	3.32%	7.76%
EBITDA	1,197	1,141	1,033	764.1	678.21	639.78
EBITDA Margin	20.11%	19.42%	18.03%	14.21%	13.76%	14.10%
D&A For EBITDA	342.52	332.97	294.76	289.66	282.47	275.16
EBIT	854.24	808.37	738.67	474.45	395.74	364.62
EBIT Margin	14.36%	13.75%	12.89%	8.82%	8.03%	8.04%
Effective Tax Rate	13.45%	13.18%	12.79%	13.04%	14.26%	14.09%
Revenue as Reported	5,949	5,878	5,731	5,378	4,928	4,538
Advertising Expenses	-	191.68	165.28	140.65	126.8	108.8

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