SHE:002595 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	10,885	8,648	7,031	6,523	5,927
Other Revenue	193.69	165.6	134.93	118.79	81.4
Revenue	11,078	8,813	7,166	6,642	6,008
Revenue Growth (YoY)	25.70%	22.99%	7.88%	10.55%	13.48%
Cost of Revenue	7,395	5,813	4,730	4,787	4,302
Gross Profit	3,684	3,001	2,436	1,855	1,706
Selling, General & Admin	347.81	293.25	226.03	222.81	210.79
Research & Development	655.71	463.14	355.75	295.17	259.42
Other Operating Expenses	102.81	80.3	76.52	59.23	60.06
Operating Expenses	1,147	864.02	661.14	596.36	540.09
Operating Income	2,537	2,137	1,775	1,259	1,166
Interest Expense	-3.05	-4.89	-4.16	-7.49	-15.35
Interest & Investment Income	60.8	66.48	43.64	33.02	38.5
Currency Exchange Gain (Loss)	45.41	3.61	22.57	70.22	-38.83
Other Non Operating Income (Expenses)	-6.18	-6.26	-4.33	-1.44	0.38
EBT Excluding Unusual Items	2,634	2,196	1,832	1,353	1,151
Gain (Loss) on Sale of Investments	-	-0.08	-4.25	-15.53	5.7
Gain (Loss) on Sale of Assets	0.26	-1.6	3.28	2.57	8.13
Asset Writedown	-6.54	-1.03	-1.14	-2.78	-3.41
Other Unusual Items	110.17	99.86	13.98	15.59	35.24
Pretax Income	2,738	2,293	1,844	1,353	1,197
Income Tax Expense	342.68	279.14	232.6	153.16	145.31
Earnings From Continuing Operations	2,395	2,014	1,612	1,200	1,051
Minority Interest in Earnings	-1.53	-2.31	0.45	0.38	1.88
Net Income	2,393	2,011	1,612	1,200	1,053
Net Income to Common	2,393	2,011	1,612	1,200	1,053
Net Income Growth	18.99%	24.77%	34.33%	13.95%	4.56%
Shares Outstanding (Basic)	798	795	794	797	800
Shares Outstanding (Diluted)	798	795	794	797	800
Shares Change (YoY)	0.34%	0.13%	-0.43%	-0.33%	-0.00%
EPS (Basic)	3.00	2.53	2.03	1.51	1.32
EPS (Diluted)	3.00	2.53	2.03	1.51	1.32
EPS Growth	18.59%	24.61%	34.91%	14.33%	4.57%
Free Cash Flow	121.22	767.17	1,303	186.74	-91.67
Free Cash Flow Per Share	0.15	0.96	1.64	0.23	-0.12
Dividend Per Share	1.000	0.775	0.625	0.375	0.750
Dividend Growth	29.03%	24.00%	66.67%	-50.00%	100.00%
Gross Margin	33.25%	34.05%	33.99%	27.93%	28.40%
Operating Margin	22.90%	24.25%	24.77%	18.95%	19.41%
Profit Margin	21.60%	22.82%	22.50%	18.07%	17.53%
Free Cash Flow Margin	1.09%	8.71%	18.18%	2.81%	-1.53%
EBITDA	2,903	2,472	2,083	1,547	1,426
EBITDA Margin	26.20%	28.04%	29.06%	23.29%	23.74%
D&A For EBITDA	366.04	334.87	307.92	288.24	259.88
EBIT	2,537	2,137	1,775	1,259	1,166
EBIT Margin	22.90%	24.25%	24.77%	18.95%	19.41%
Effective Tax Rate	12.52%	12.17%	12.61%	11.32%	12.14%
Revenue as Reported	11,078	8,813	7,166	6,642	6,008
Advertising Expenses	4.48	3.71	4.32	1.84	0.86

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.