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	Sep '26 Sep 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	5,962	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	6,037	5,878	5,731	5,378	4,928	4,538
Revenue Growth	2.02%	2.56%	6.56%	9.13%	8.60%	6.79%
Cost of Revenue	3,133	3,060	3,077	3,085	2,850	2,546
Gross Profit	2,904	2,818	2,654	2,293	2,078	1,991
Selling, General & Admin	1,296	1,348	1,279	1,217	1,078	1,058
Research & Development	198.01	189.07	179.5	151.18	165.91	148.2
Other Operating Expenses	484.61	473.76	457.61	449.45	438.87	419.04
Operating Expenses	1,978	2,010	1,916	1,818	1,683	1,627
Operating Income	925.35	808.37	738.67	474.45	395.74	364.62
Interest Expense	-21.54	-26.1	-32.22	-38.37	-37.4	-37.86
Interest & Investment Income	159.27	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)	-1.12	-0.83	-1.75	-1.15	-1.08	-1.1
EBT Excluding Unusual Items	1,062	975.04	903.42	660.47	623.55	588.51
Gain (Loss) on Sale of Investments	19.9	10.45	1.89	9.19	6.45	8.01
Gain (Loss) on Sale of Assets	-0.87	-1.39	-23.37	1.22	1.73	56.44
Asset Writedown	-23.82	-3.83	-14.31	-11.77	-3.27	-3.01
Other Unusual Items	80.8	78.25	85	80.89	77.86	80.35
Pretax Income	1,138	1,059	952.63	740	706.32	730.3
Income Tax Expense	174.67	139.49	121.85	96.5	100.71	102.9
Earnings From Continuing Operations	963.32	919.02	830.78	643.5	605.6	627.4
Minority Interest in Earnings	-13.57	-15.22	-20.51	-19.99	-7.34	-16.21
Net Income	949.75	903.8	810.27	623.51	598.26	611.19
Net Income to Common	949.75	903.8	810.27	623.51	598.26	611.19
Net Income Growth	0.20%	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%	-0.61%	0.50%	1.51%	-0.31%
EPS (Basic)	0.43	0.41	0.37	0.28	0.27	0.28
EPS (Diluted)	0.43	0.41	0.37	0.28	0.27	0.28
EPS Growth	0.20%	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	Sep '26 Sep 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	709.83	225.42	514.07	281.41	163.56	352.16
Free Cash Flow Per Share	0.32	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	48.10%	47.94%	46.32%	42.63%	42.17%	43.89%
Operating Margin	15.33%	13.75%	12.89%	8.82%	8.03%	8.04%
Profit Margin	15.73%	15.38%	14.14%	11.59%	12.14%	13.47%
Free Cash Flow Margin	11.76%	3.84%	8.97%	5.23%	3.32%	7.76%
EBITDA	1,287	1,141	1,033	764.1	678.21	639.78
EBITDA Margin	21.32%	19.42%	18.03%	14.21%	13.76%	14.10%
D&A For EBITDA	361.62	332.97	294.76	289.66	282.47	275.16
EBIT	925.35	808.37	738.67	474.45	395.74	364.62
EBIT Margin	15.33%	13.75%	12.89%	8.82%	8.03%	8.04%
Effective Tax Rate	15.35%	13.18%	12.79%	13.04%	14.26%	14.09%
Revenue as Reported	6,037	5,878	5,731	5,378	4,928	4,538
Advertising Expenses	-	191.68	165.28	140.65	126.8	108.8