SHE:002668 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	18,680	18,394	18,214	15,015	11,484	10,094
Other Revenue	137.11	137.11	146.89	164.8	179.18	28.46
Revenue	18,817	18,531	18,361	15,180	11,663	10,122
Revenue Growth (YoY)	0.29%	0.93%	20.96%	30.15%	15.22%	21.29%
Cost of Revenue	14,015	13,922	14,209	11,700	9,406	8,025
Gross Profit	4,802	4,609	4,152	3,479	2,257	2,097
Selling, General & Admin	1,411	1,395	1,351	1,207	908	849.21
Research & Development	685.04	680.3	642.66	542.05	470.96	357.14
Other Operating Expenses	71.15	64.6	49.59	37.56	36.57	50.24
Operating Expenses	2,181	2,154	2,136	1,807	1,401	1,670
Operating Income	2,621	2,455	2,016	1,673	856.38	427.48
Interest Expense	-36.09	-36.09	-48.4	-62.31	-107.4	-90.84
Interest & Investment Income	93.36	95.37	145.2	76.17	224.27	372.33
Currency Exchange Gain (Loss)	44.68	44.68	140.66	103.18	117.08	-179.23
Other Non Operating Income (Expenses)	-181.46	-19.97	-21.46	-16.35	-36.61	-44.31
EBT Excluding Unusual Items	2,541	2,539	2,232	1,773	1,054	485.42
Gain (Loss) on Sale of Investments	30.63	24.72	12.02	-10.02	2.88	1.57
Gain (Loss) on Sale of Assets	0.46	0.23	0.19	0.02	2.48	0.39
Asset Writedown	5.78	-1.73	-5.85	-6.94	-1.39	-23.89
Legal Settlements	-26.82	-26.82	-	-	-	-2.8
Other Unusual Items	9.26	9.26	-	21.74	27.08	46.17
Pretax Income	2,562	2,547	2,239	1,778	1,085	506.85
Income Tax Expense	420.01	411.97	298.08	240.56	125.79	121.89
Earnings From Continuing Operations	2,142	2,135	1,941	1,538	959.13	384.96
Minority Interest in Earnings	-1,014	-1,011	-921.4	-751.13	-494.7	-464.87
Net Income	1,128	1,123	1,019	786.59	464.43	-79.91
Net Income to Common	1,128	1,123	1,019	786.59	464.43	-79.91
Net Income Growth	2.95%	10.22%	29.58%	69.37%	-	-
Shares Outstanding (Basic)	1,084	1,080	1,084	1,078	1,080	1,142
Shares Outstanding (Diluted)	1,084	1,080	1,084	1,078	1,080	1,142
Shares Change (YoY)	-0.11%	-0.38%	0.63%	-0.24%	-5.38%	5.20%
EPS (Basic)	1.04	1.04	0.94	0.73	0.43	-0.07
EPS (Diluted)	1.04	1.04	0.94	0.73	0.43	-0.07
EPS Growth	3.06%	10.64%	28.77%	69.77%	-	-
Free Cash Flow	1,926	1,756	1,549	2,311	35.69	719.1
Free Cash Flow Per Share	1.78	1.63	1.43	2.15	0.03	0.63
Gross Margin	25.52%	24.87%	22.61%	22.92%	19.35%	20.72%
Operating Margin	13.93%	13.25%	10.98%	11.02%	7.34%	4.22%
Profit Margin	6.00%	6.06%	5.55%	5.18%	3.98%	-0.79%
Free Cash Flow Margin	10.24%	9.48%	8.43%	15.23%	0.31%	7.10%
EBITDA	2,958	2,785	2,314	1,931	1,189	559.6
EBITDA Margin	15.72%	15.03%	12.60%	12.72%	10.20%	5.53%
D&A For EBITDA	337.32	329.36	297.54	258.87	333	132.12
EBIT	2,621	2,455	2,016	1,673	856.38	427.48
EBIT Margin	13.93%	13.25%	10.98%	11.02%	7.34%	4.22%
Effective Tax Rate	16.39%	16.18%	13.31%	13.53%	11.59%	24.05%
Revenue as Reported	18,531	18,531	18,361	15,180	11,663	10,122
Advertising Expenses	-	113.42	113.61	112.98	97.24	20.41

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