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