SHE:002533 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	20,620	19,717	17,148	15,059	13,048	12,676
Other Revenue	603.84	603.84	520.7	234.49	155.1	156.12
Revenue	21,224	20,321	17,669	15,293	13,203	12,832
Revenue Growth (YoY)	16.34%	15.01%	15.53%	15.83%	2.89%	64.60%
Cost of Revenue	19,073	18,255	15,840	13,569	11,686	11,308
Gross Profit	2,151	2,066	1,829	1,724	1,517	1,524
Selling, General & Admin	688.93	667.83	593.91	563.75	497.2	591.72
Research & Development	669.28	651.35	571.46	497.64	460.06	434.82
Other Operating Expenses	-47.97	-51.51	-49.61	-31.84	39.91	40.51
Operating Expenses	1,358	1,315	1,134	1,064	1,050	1,079
Operating Income	793.12	750.93	695.08	659.42	467.44	445.06
Interest Expense	-61.48	-61.48	-49.9	-44.92	-48.99	-66.64
Interest & Investment Income	70.48	61.5	22.66	52.6	11.53	8.1
Currency Exchange Gain (Loss)	-1.88	-1.88	3.93	4.19	6.9	-1.95
Other Non Operating Income (Expenses)	-29.47	-5.76	0.27	-13.1	-16.08	-5.25
EBT Excluding Unusual Items	770.78	743.31	672.04	658.19	420.79	379.32
Gain (Loss) on Sale of Investments	3.7	5.12	-2.86	-3.39	-3.54	1.64
Gain (Loss) on Sale of Assets	-2.73	-3.41	0.35	-0.44	2.11	0.24
Asset Writedown	-38.31	-13.02	-1.29	-0.57	-2.28	-4.97
Legal Settlements	-	-	-3.14	-7.14	-	-
Other Unusual Items	46.44	46.44	49.59	33.14	34.51	31.44
Pretax Income	779.88	778.45	714.69	679.8	451.59	407.67
Income Tax Expense	77.2	81.88	77.4	88.3	33.37	50.5
Earnings From Continuing Operations	702.67	696.57	637.29	591.5	418.22	357.16
Minority Interest in Earnings	-107.56	-96.66	-68.61	-68.69	-47.6	-25.81
Net Income	595.12	599.91	568.68	522.8	370.63	331.35
Net Income to Common	595.12	599.91	568.68	522.8	370.63	331.35
Net Income Growth	4.20%	5.49%	8.78%	41.06%	11.85%	32.59%
Shares Outstanding (Basic)	730	727	729	734	734	730
Shares Outstanding (Diluted)	730	727	729	734	734	730
Shares Change (YoY)	0.58%	-0.22%	-0.71%	0.05%	0.56%	4.27%
EPS (Basic)	0.82	0.82	0.78	0.71	0.51	0.45
EPS (Diluted)	0.82	0.82	0.78	0.71	0.51	0.45
EPS Growth	3.60%	5.72%	9.55%	40.99%	11.23%	27.17%
Free Cash Flow	-1,277	35.69	143.49	294.64	463.35	354.28
Free Cash Flow Per Share	-1.75	0.05	0.20	0.40	0.63	0.48
Dividend Per Share	0.450	0.450	0.450	0.400	0.350	0.300
Dividend Growth	-	-	12.50%	14.29%	16.67%	20.00%
Gross Margin	10.13%	10.17%	10.35%	11.27%	11.49%	11.88%
Operating Margin	3.74%	3.69%	3.93%	4.31%	3.54%	3.47%
Profit Margin	2.80%	2.95%	3.22%	3.42%	2.81%	2.58%
Free Cash Flow Margin	-6.02%	0.18%	0.81%	1.93%	3.51%	2.76%
EBITDA	963.74	920.88	862.35	814.81	613.63	564.26
EBITDA Margin	4.54%	4.53%	4.88%	5.33%	4.65%	4.40%
D&A For EBITDA	170.62	169.95	167.27	155.39	146.2	119.2
EBIT	793.12	750.93	695.08	659.42	467.44	445.06
EBIT Margin	3.74%	3.69%	3.93%	4.31%	3.54%	3.47%
Effective Tax Rate	9.90%	10.52%	10.83%	12.99%	7.39%	12.39%
Revenue as Reported	20,321	20,321	17,669	15,293	13,203	12,832
Advertising Expenses	-	148.89	143.92	120.21	113.31	141.7

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