SHE:002595 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	11,274	10,885	8,648	7,031	6,523	5,927
Other Revenue	193.69	193.69	165.6	134.93	118.79	81.4
Revenue	11,467	11,078	8,813	7,166	6,642	6,008
Revenue Growth (YoY)	22.96%	25.70%	22.99%	7.88%	10.55%	13.48%
Cost of Revenue	7,646	7,395	5,813	4,730	4,787	4,302
Gross Profit	3,822	3,684	3,001	2,436	1,855	1,706
Selling, General & Admin	362.5	347.81	293.25	226.03	222.81	210.79
Research & Development	678.83	655.71	463.14	355.75	295.17	259.42
Other Operating Expenses	121.92	102.81	80.3	76.52	59.23	60.06
Operating Expenses	1,204	1,147	864.02	661.14	596.36	540.09
Operating Income	2,618	2,537	2,137	1,775	1,259	1,166
Interest Expense	-2.52	-3.05	-4.89	-4.16	-7.49	-15.35
Interest & Investment Income	60.37	60.8	66.48	43.64	33.02	38.5
Currency Exchange Gain (Loss)	45.41	45.41	3.61	22.57	70.22	-38.83
Other Non Operating Income (Expenses)	-96.06	-6.18	-6.26	-4.33	-1.44	0.38
EBT Excluding Unusual Items	2,625	2,634	2,196	1,832	1,353	1,151
Gain (Loss) on Sale of Investments	0.23	-	-0.08	-4.25	-15.53	5.7
Gain (Loss) on Sale of Assets	-0.27	0.26	-1.6	3.28	2.57	8.13
Asset Writedown	-6.57	-6.54	-1.03	-1.14	-2.78	-3.41
Other Unusual Items	122.45	110.17	99.86	13.98	15.59	35.24
Pretax Income	2,741	2,738	2,293	1,844	1,353	1,197
Income Tax Expense	350.11	342.68	279.14	232.6	153.16	145.31
Earnings From Continuing Operations	2,390	2,395	2,014	1,612	1,200	1,051
Minority Interest in Earnings	-1.49	-1.53	-2.31	0.45	0.38	1.88
Net Income	2,389	2,393	2,011	1,612	1,200	1,053
Net Income to Common	2,389	2,393	2,011	1,612	1,200	1,053
Net Income Growth	12.10%	18.99%	24.77%	34.33%	13.95%	4.56%
Shares Outstanding (Basic)	1,157	1,157	1,153	1,151	1,156	1,160
Shares Outstanding (Diluted)	1,157	1,157	1,153	1,151	1,156	1,160
Shares Change (YoY)	0.19%	0.34%	0.12%	-0.43%	-0.33%	0.00%
EPS (Basic)	2.07	2.07	1.75	1.40	1.04	0.91
EPS (Diluted)	2.07	2.07	1.75	1.40	1.04	0.91
EPS Growth	11.89%	18.58%	24.62%	34.90%	14.33%	4.56%
Free Cash Flow	38.92	121.22	767.17	1,303	186.74	-91.67
Free Cash Flow Per Share	0.03	0.10	0.67	1.13	0.16	-0.08
Dividend Per Share	0.690	0.690	0.534	0.431	0.259	0.517
Dividend Growth	29.04%	29.04%	24.01%	66.67%	-50.00%	100.00%
Gross Margin	33.33%	33.25%	34.05%	33.99%	27.93%	28.40%
Operating Margin	22.83%	22.90%	24.25%	24.77%	18.95%	19.41%
Profit Margin	20.83%	21.60%	22.82%	22.50%	18.07%	17.53%
Free Cash Flow Margin	0.34%	1.09%	8.71%	18.18%	2.81%	-1.53%
EBITDA	2,991	2,903	2,472	2,083	1,547	1,426
EBITDA Margin	26.09%	26.20%	28.04%	29.06%	23.29%	23.74%
D&A For EBITDA	373.83	366.04	334.87	307.92	288.24	259.88
EBIT	2,618	2,537	2,137	1,775	1,259	1,166
EBIT Margin	22.83%	22.90%	24.25%	24.77%	18.95%	19.41%
Effective Tax Rate	12.78%	12.52%	12.17%	12.61%	11.32%	12.14%
Revenue as Reported	11,467	11,078	8,813	7,166	6,642	6,008
Advertising Expenses	-	4.48	3.71	4.32	1.84	0.86

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