SHE:002518 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	5,515	5,218	4,121	5,401	4,359	2,764
Other Revenue	51.98	51.98	38.12	38.54	42.01	41.57
Revenue	5,567	5,270	4,159	5,440	4,401	2,806
Revenue Growth (YoY)	30.34%	26.72%	-23.54%	23.61%	56.84%	15.82%
Cost of Revenue	3,976	3,771	2,981	3,755	3,036	1,942
Gross Profit	1,591	1,499	1,178	1,685	1,365	863.64
Selling, General & Admin	503.36	486.83	425.03	415.86	401.74	328
Research & Development	301.31	290.14	271.52	243.2	169.99	153.6
Other Operating Expenses	62.33	53.73	42.13	48.41	37.67	31
Operating Expenses	896.3	858.8	823.4	761.48	647.66	501.16
Operating Income	694.47	640.53	354.76	923.17	717.21	362.48
Interest Expense	-2.61	-3.22	-5.05	-2.83	-3.46	-2.69
Interest & Investment Income	59.69	60.78	76.02	55.2	32.88	33.59
Currency Exchange Gain (Loss)	11	11	21.76	12.27	20.22	-5.58
Other Non Operating Income (Expenses)	-38.02	-5.6	-3.4	-3.49	-1.69	-1.73
EBT Excluding Unusual Items	724.52	703.49	444.09	984.32	765.16	386.08
Gain (Loss) on Sale of Investments	4.43	1.97	0.91	0.05	0.55	10.87
Gain (Loss) on Sale of Assets	-0.11	0.03	-0.05	0.1	-0.8	-
Asset Writedown	-1.58	-1.58	-0.59	0.36	-3.33	-0.42
Legal Settlements	-1.91	-1.91	-	-	-	-
Other Unusual Items	24.09	21.29	37.12	28.89	33.68	16.31
Pretax Income	749.43	723.28	481.49	1,014	795.26	412.84
Income Tax Expense	103.42	107.68	86.67	142.54	113.22	40.47
Earnings From Continuing Operations	646.01	615.6	394.82	871.18	682.04	372.37
Minority Interest in Earnings	-7.53	-4.71	-0.61	-25.7	-25.55	0.83
Net Income	638.48	610.89	394.2	845.48	656.49	373.2
Net Income to Common	638.48	610.89	394.2	845.48	656.49	373.2
Net Income Growth	67.47%	54.97%	-53.37%	28.79%	75.91%	23.13%
Shares Outstanding (Basic)	580	582	580	583	581	583
Shares Outstanding (Diluted)	580	582	580	583	581	583
Shares Change (YoY)	0.33%	0.36%	-0.58%	0.37%	-0.37%	0.04%
EPS (Basic)	1.10	1.05	0.68	1.45	1.13	0.64
EPS (Diluted)	1.10	1.05	0.68	1.45	1.13	0.64
EPS Growth	66.92%	54.41%	-53.10%	28.32%	76.56%	23.08%
Free Cash Flow	951.06	720.08	324.19	333.72	692.52	259.54
Free Cash Flow Per Share	1.64	1.24	0.56	0.57	1.19	0.45
Dividend Per Share	0.450	0.450	0.230	0.450	0.350	0.250
Dividend Growth	95.65%	95.65%	-48.89%	28.57%	40.00%	25.00%
Gross Margin	28.57%	28.45%	28.33%	30.97%	31.01%	30.78%
Operating Margin	12.47%	12.15%	8.53%	16.97%	16.30%	12.92%
Profit Margin	11.47%	11.59%	9.48%	15.54%	14.92%	13.30%
Free Cash Flow Margin	17.08%	13.66%	7.80%	6.13%	15.74%	9.25%
EBITDA	792.36	738.23	451.71	1,016	804.94	432.62
EBITDA Margin	14.23%	14.01%	10.86%	18.68%	18.29%	15.42%
D&A For EBITDA	97.89	97.7	96.96	93.21	87.73	70.14
EBIT	694.47	640.53	354.76	923.17	717.21	362.48
EBIT Margin	12.47%	12.15%	8.53%	16.97%	16.30%	12.92%
Effective Tax Rate	13.80%	14.89%	18.00%	14.06%	14.24%	9.80%
Revenue as Reported	5,567	5,270	4,159	5,440	4,401	2,806
Advertising Expenses	-	29.81	27.83	22.08	12.35	11.46

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