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	Jun '26 Jun 30, 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	5,954	5,803	5,654	5,300	4,837	4,418
Other Revenue	84.88	74.98	76.81	78.41	90.88	119.41
Revenue	6,039	5,878	5,731	5,378	4,928	4,538
Revenue Growth	1.62%	2.56%	6.56%	9.13%	8.60%	6.79%
Cost of Revenue	3,124	3,060	3,077	3,085	2,850	2,546
Gross Profit	2,915	2,818	2,654	2,293	2,078	1,991
Selling, General & Admin	1,351	1,348	1,279	1,217	1,078	1,058
Research & Development	192.28	189.07	179.5	151.18	165.91	148.2
Other Operating Expenses	512.55	473.76	457.61	449.45	438.87	419.04
Operating Expenses	2,055	2,010	1,916	1,818	1,683	1,627
Operating Income	859.77	808.37	738.67	474.45	395.74	364.62
Interest Expense	-23.09	-26.1	-32.22	-38.37	-37.4	-37.86
Interest & Investment Income	170.92	193.6	198.6	225.5	266.23	262.9
Currency Exchange Gain (Loss)	0.01	0	0.12	0.05	0.06	-0.04
Other Non Operating Income (Expenses)	-0.98	-0.83	-1.75	-1.15	-1.08	-1.1
EBT Excluding Unusual Items	1,007	975.04	903.42	660.47	623.55	588.51
Gain (Loss) on Sale of Investments	18.05	10.45	1.89	9.19	6.45	8.01
Gain (Loss) on Sale of Assets	0.89	-1.39	-23.37	1.22	1.73	56.44
Asset Writedown	-1.67	-3.83	-14.31	-11.77	-3.27	-3.01
Other Unusual Items	112.81	78.25	85	80.89	77.86	80.35
Pretax Income	1,137	1,059	952.63	740	706.32	730.3
Income Tax Expense	158.57	139.49	121.85	96.5	100.71	102.9
Earnings From Continuing Operations	978.15	919.02	830.78	643.5	605.6	627.4
Minority Interest in Earnings	-13.02	-15.22	-20.51	-19.99	-7.34	-16.21
Net Income	965.13	903.8	810.27	623.51	598.26	611.19
Net Income to Common	965.13	903.8	810.27	623.51	598.26	611.19
Net Income Growth	4.59%	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	-0.01%	0.01%	-0.61%	0.50%	1.51%	-0.31%
EPS (Basic)	0.44	0.41	0.37	0.28	0.27	0.28
EPS (Diluted)	0.44	0.41	0.37	0.28	0.27	0.28
EPS Growth	4.60%	11.53%	30.75%	3.70%	-3.57%	7.69%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	758.81	225.42	514.07	281.41	163.56	352.16
Free Cash Flow Per Share	0.34	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%	0%	4.35%
Gross Margin	48.27%	47.94%	46.32%	42.63%	42.17%	43.89%
Operating Margin	14.24%	13.75%	12.89%	8.82%	8.03%	8.04%
Profit Margin	15.98%	15.38%	14.14%	11.59%	12.14%	13.47%
Free Cash Flow Margin	12.57%	3.84%	8.97%	5.23%	3.32%	7.76%
EBITDA	1,215	1,141	1,033	764.1	678.21	639.78
EBITDA Margin	20.13%	19.42%	18.03%	14.21%	13.76%	14.10%
D&A For EBITDA	355.64	332.97	294.76	289.66	282.47	275.16
EBIT	859.77	808.37	738.67	474.45	395.74	364.62
EBIT Margin	14.24%	13.75%	12.89%	8.82%	8.03%	8.04%
Effective Tax Rate	13.95%	13.18%	12.79%	13.04%	14.26%	14.09%
Revenue as Reported	6,039	5,878	5,731	5,378	4,928	4,538
Advertising Expenses	-	191.68	165.28	140.65	126.8	108.8