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	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	5,644	5,218	4,121	5,401	4,359	2,764
Other Revenue	54.45	51.98	38.12	38.54	42.01	41.57
Revenue	5,699	5,270	4,159	5,440	4,401	2,806
Revenue Growth	28.63%	26.72%	-23.54%	23.61%	56.84%	15.82%
Cost of Revenue	4,060	3,771	2,981	3,755	3,036	1,942
Gross Profit	1,639	1,499	1,178	1,685	1,365	863.64
Selling, General & Admin	529.85	486.83	425.03	415.86	401.74	328
Research & Development	302.86	290.14	271.52	243.2	169.99	153.6
Other Operating Expenses	69.67	53.73	42.13	48.41	37.67	31
Operating Expenses	919.56	858.8	823.4	761.48	647.66	501.16
Operating Income	718.94	640.53	354.76	923.17	717.21	362.48
Interest Expense	-3.36	-3.22	-5.05	-2.83	-3.46	-2.69
Interest & Investment Income	60.77	60.78	76.02	55.2	32.88	33.59
Currency Exchange Gain (Loss)	-53.75	11	21.76	12.27	20.22	-5.58
Other Non Operating Income (Expenses)	-6.16	-5.6	-3.4	-3.49	-1.69	-1.73
EBT Excluding Unusual Items	716.44	703.49	444.09	984.32	765.16	386.08
Gain (Loss) on Sale of Investments	4.93	1.97	0.91	0.05	0.55	10.87
Gain (Loss) on Sale of Assets	0.05	0.03	-0.05	0.1	-0.8	-
Asset Writedown	-1.38	-1.58	-0.59	0.36	-3.33	-0.42
Legal Settlements	-1.91	-1.91	-	-	-	-
Other Unusual Items	34.01	21.29	37.12	28.89	33.68	16.31
Pretax Income	752.13	723.28	481.49	1,014	795.26	412.84
Income Tax Expense	100.13	107.68	86.67	142.54	113.22	40.47
Earnings From Continuing Operations	652	615.6	394.82	871.18	682.04	372.37
Minority Interest in Earnings	-6.37	-4.71	-0.61	-25.7	-25.55	0.83
Net Income	645.64	610.89	394.2	845.48	656.49	373.2
Net Income to Common	645.64	610.89	394.2	845.48	656.49	373.2
Net Income Growth	50.02%	54.97%	-53.37%	28.79%	75.91%	23.13%
Shares Outstanding (Basic)	582	582	580	583	581	583
Shares Outstanding (Diluted)	582	582	580	583	581	583
Shares Change	0.04%	0.36%	-0.58%	0.37%	-0.37%	0.04%
EPS (Basic)	1.11	1.05	0.68	1.45	1.13	0.64
EPS (Diluted)	1.11	1.05	0.68	1.45	1.13	0.64
EPS Growth	49.96%	54.41%	-53.10%	28.32%	76.56%	23.08%

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	726.6	720.08	324.19	333.72	692.52	259.54
Free Cash Flow Per Share	1.25	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	28.75%	28.45%	28.33%	30.97%	31.01%	30.78%
Operating Margin	12.62%	12.15%	8.53%	16.97%	16.30%	12.92%
Profit Margin	11.33%	11.59%	9.48%	15.54%	14.92%	13.30%
Free Cash Flow Margin	12.75%	13.66%	7.80%	6.13%	15.74%	9.25%
EBITDA	815.17	738.23	451.71	1,016	804.94	432.62
EBITDA Margin	14.30%	14.01%	10.86%	18.68%	18.29%	15.42%
D&A For EBITDA	96.22	97.7	96.96	93.21	87.73	70.14
EBIT	718.94	640.53	354.76	923.17	717.21	362.48
EBIT Margin	12.62%	12.15%	8.53%	16.97%	16.30%	12.92%
Effective Tax Rate	13.31%	14.89%	18.00%	14.06%	14.24%	9.80%
Revenue as Reported	5,699	5,270	4,159	5,440	4,401	2,806
Advertising Expenses	-	29.81	27.83	22.08	12.35	11.46