SHE:002603 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	7,897	7,815	6,506	10,315	12,520	10,111
Other Revenue	15.74	15.74	6.99	3.48	13.04	6.12
Revenue	7,912	7,831	6,513	10,318	12,533	10,117
Revenue Growth (YoY)	24.64%	20.24%	-36.88%	-17.67%	23.88%	15.19%
Cost of Revenue	2,760	2,875	3,486	4,434	4,556	3,700
Gross Profit	5,152	4,956	3,027	5,884	7,976	6,417
Selling, General & Admin	2,584	2,499	2,935	3,297	3,871	3,931
Research & Development	728.01	718.25	826.57	853.19	1,032	792.16
Other Operating Expenses	141.66	123.65	91.72	99.27	203.45	138.41
Operating Expenses	3,473	3,351	3,864	4,271	5,123	4,898
Operating Income	1,679	1,605	-837.02	1,613	2,853	1,519
Interest Expense	-1.29	-1.06	-29.01	-38.9	-33.8	-33.97
Interest & Investment Income	12.2	8.59	47.81	42.04	12.9	20.45
Currency Exchange Gain (Loss)	-1.93	-1.93	1.46	-0.21	4.16	-1.25
Other Non Operating Income (Expenses)	-1.62	-4.4	-2.62	-4.83	-49.4	-3.31
EBT Excluding Unusual Items	1,686	1,606	-819.39	1,611	2,787	1,501
Impairment of Goodwill	-6.24	-6.24	-6.24	-0.52	-	-
Gain (Loss) on Sale of Investments	5.27	3.92	-	39.35	11.5	-21.9
Gain (Loss) on Sale of Assets	-1.04	-0.89	-0.49	-0.82	-3.11	-3.37
Asset Writedown	-49.28	-65.98	-0.77	-10.63	-95.62	-9.91
Other Unusual Items	51.44	54.32	26.68	45.88	80.56	88.23
Pretax Income	1,687	1,592	-800.19	1,684	2,781	1,554
Income Tax Expense	320.4	309.88	-66.01	339.91	422.87	212.09
Earnings From Continuing Operations	1,366	1,282	-734.18	1,344	2,358	1,342
Minority Interest in Earnings	3.19	4.75	9.67	8.08	4.98	2.22
Net Income	1,369	1,286	-724.52	1,352	2,363	1,344
Net Income to Common	1,369	1,286	-724.52	1,352	2,363	1,344
Net Income Growth	-	-	-	-42.76%	75.82%	10.27%
Shares Outstanding (Basic)	1,671	1,671	1,671	1,671	1,671	1,671
Shares Outstanding (Diluted)	1,671	1,671	1,671	1,671	1,671	1,671
Shares Change (YoY)	0.02%	0.01%	-0.01%	-0.01%	0.01%	-0.00%
EPS (Basic)	0.82	0.77	-0.43	0.81	1.41	0.80
EPS (Diluted)	0.82	0.77	-0.43	0.81	1.41	0.80
EPS Growth	-	-	-	-42.76%	75.81%	10.27%
Free Cash Flow	1,786	1,531	320.62	-155.38	3,274	-144.87
Free Cash Flow Per Share	1.07	0.92	0.19	-0.09	1.96	-0.09
Dividend Per Share	0.800	0.800	-	0.300	0.500	0.300
Dividend Growth	-	-	-	-40.00%	66.67%	-58.00%
Gross Margin	65.11%	63.29%	46.47%	57.03%	63.64%	63.43%
Operating Margin	21.22%	20.50%	-12.85%	15.63%	22.77%	15.01%
Profit Margin	17.31%	16.43%	-11.13%	13.11%	18.85%	13.28%
Free Cash Flow Margin	22.57%	19.55%	4.92%	-1.51%	26.12%	-1.43%
EBITDA	2,297	2,220	-235.58	2,153	3,294	1,871
EBITDA Margin	29.04%	28.35%	-3.62%	20.87%	26.28%	18.50%
D&A For EBITDA	618.32	614.94	601.44	540.64	440.6	352.61
EBIT	1,679	1,605	-837.02	1,613	2,853	1,519
EBIT Margin	21.22%	20.50%	-12.85%	15.63%	22.77%	15.01%
Effective Tax Rate	19.00%	19.47%	-	20.18%	15.21%	13.65%
Revenue as Reported	7,912	7,831	6,513	10,318	12,533	10,117
Advertising Expenses	-	114.07	169.83	257.93	-	-

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