SHE:002484 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	5,691	5,465	4,777	4,811	4,475	3,500
Other Revenue	19.32	19.32	30.91	33.95	47.14	49.45
Revenue	5,710	5,484	4,808	4,845	4,522	3,550
Revenue Growth (YoY)	16.19%	14.06%	-0.76%	7.15%	27.38%	34.71%
Cost of Revenue	4,353	4,204	3,629	3,601	3,348	2,637
Gross Profit	1,357	1,281	1,179	1,244	1,174	912.42
Selling, General & Admin	277.03	265.01	228.58	228.4	219.38	223.96
Research & Development	288.57	271.33	269.9	232.21	218.95	196.99
Other Operating Expenses	-0.41	-11.16	-20.4	25.28	23.63	19.69
Operating Expenses	568.07	525.5	486.45	488.89	473.65	445.19
Operating Income	789.18	755.11	692.93	754.85	700.21	467.23
Interest Expense	-10.53	-10.22	-11.82	-11.15	-10.23	-7.58
Interest & Investment Income	17.21	17.78	14.59	12.26	13.43	20.81
Currency Exchange Gain (Loss)	-3.79	-3.79	15.16	16.91	39.64	-4.82
Other Non Operating Income (Expenses)	-9.99	-1.57	-0.7	-3.11	-0.79	-1.5
EBT Excluding Unusual Items	782.08	757.31	710.17	769.77	742.26	474.14
Impairment of Goodwill	-	-	-	-	-15.14	-
Gain (Loss) on Sale of Investments	2.45	1.81	0.76	0.25	0.09	1.05
Gain (Loss) on Sale of Assets	-0.23	-0.01	-	-1.46	-1.4	-1.22
Asset Writedown	-7.85	-1.31	-18.22	-	-	-
Other Unusual Items	23.5	23.5	48.64	54.47	23.21	24.54
Pretax Income	800.14	781.48	741.57	823.73	749.68	500.91
Income Tax Expense	107.75	100.68	81.23	113.28	87.21	62.54
Earnings From Continuing Operations	692.38	680.81	660.34	710.45	662.47	438.38
Minority Interest in Earnings	-7.8	-6.21	-5.67	-3.38	-1.23	-3.45
Net Income	684.58	674.59	654.66	707.07	661.24	434.92
Net Income to Common	684.58	674.59	654.66	707.07	661.24	434.92
Net Income Growth	2.21%	3.04%	-7.41%	6.93%	52.04%	16.66%
Shares Outstanding (Basic)	843	843	844	842	835	821
Shares Outstanding (Diluted)	843	843	844	846	840	836
Shares Change (YoY)	-0.15%	-0.13%	-0.16%	0.65%	0.47%	0.37%
EPS (Basic)	0.81	0.80	0.78	0.84	0.79	0.53
EPS (Diluted)	0.81	0.80	0.78	0.84	0.79	0.52
EPS Growth	2.37%	3.17%	-7.26%	6.24%	51.33%	16.23%
Free Cash Flow	711.86	551.37	351.13	276.61	-44.01	-63.08
Free Cash Flow Per Share	0.84	0.65	0.42	0.33	-0.05	-0.07
Dividend Per Share	0.260	0.260	0.260	0.260	0.150	0.120
Dividend Growth	-	-	-	73.33%	25.00%	-
Gross Margin	23.77%	23.35%	24.53%	25.67%	25.96%	25.70%
Operating Margin	13.82%	13.77%	14.41%	15.58%	15.49%	13.16%
Profit Margin	11.99%	12.30%	13.62%	14.59%	14.62%	12.25%
Free Cash Flow Margin	12.47%	10.05%	7.30%	5.71%	-0.97%	-1.78%
EBITDA	1,095	1,049	940.87	967.58	877.38	626.02
EBITDA Margin	19.18%	19.14%	19.57%	19.97%	19.40%	17.64%
D&A For EBITDA	305.95	294.35	247.94	212.73	177.17	158.79
EBIT	789.18	755.11	692.93	754.85	700.21	467.23
EBIT Margin	13.82%	13.77%	14.41%	15.58%	15.49%	13.16%
Effective Tax Rate	13.47%	12.88%	10.95%	13.75%	11.63%	12.48%
Revenue as Reported	5,710	5,484	4,808	4,845	4,522	3,550
Advertising Expenses	-	7.49	2.84	2.56	7.16	7.98

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