SHE:002683 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	20,914	20,225	13,586	11,555	10,146	8,501
Other Revenue	144.12	144.12	65.63	53.31	22.37	25.39
Revenue	21,058	20,369	13,652	11,608	10,169	8,526
Revenue Growth (YoY)	39.40%	49.20%	17.61%	14.15%	19.26%	33.33%
Cost of Revenue	16,674	16,134	10,749	9,221	8,245	6,799
Gross Profit	4,383	4,235	2,903	2,387	1,924	1,727
Selling, General & Admin	1,445	1,393	951.42	729.55	643.92	591.73
Research & Development	584.91	570	429.01	375.4	294.51	258.52
Other Operating Expenses	125.8	111.84	56.2	40.55	22.21	19.95
Operating Expenses	2,295	2,196	1,510	1,267	956.67	878.28
Operating Income	2,088	2,039	1,392	1,120	967.2	849.05
Interest Expense	-189.96	-183.94	-123.59	-125.57	-139.18	-140.76
Interest & Investment Income	126.59	119.13	115.41	127.44	203.56	138.13
Currency Exchange Gain (Loss)	37.77	37.77	-5.31	9.23	6.81	0.48
Other Non Operating Income (Expenses)	-43.23	-12.86	-23.45	-17.97	-25.1	-17.52
EBT Excluding Unusual Items	2,019	1,999	1,356	1,113	1,013	829.38
Impairment of Goodwill	-0.54	-0.54	-13.05	-	-1.42	-
Gain (Loss) on Sale of Investments	-11	-8.48	12.76	-4.02	-	-
Gain (Loss) on Sale of Assets	6.79	11.04	-1.62	24.92	-6.3	-6.78
Asset Writedown	-10.78	-6.69	-14.5	-12.9	-42.38	-17.95
Legal Settlements	-19.47	-19.47	-	-	-	-
Other Unusual Items	2.68	4.55	23.06	12.28	3.2	0.9
Pretax Income	1,987	1,979	1,362	1,133	966.38	805.55
Income Tax Expense	305.04	304.91	189.96	161.09	127.79	118.88
Earnings From Continuing Operations	1,682	1,674	1,172	971.86	838.59	686.67
Minority Interest in Earnings	-714.93	-716.96	-274.42	-255.88	-277.81	-206.47
Net Income	967.15	957.18	897.77	715.99	560.77	480.2
Net Income to Common	967.15	957.18	897.77	715.99	560.77	480.2
Net Income Growth	5.60%	6.62%	25.39%	27.68%	16.78%	18.93%
Shares Outstanding (Basic)	754	754	760	749	749	749
Shares Outstanding (Diluted)	754	754	760	749	749	749
Shares Change (YoY)	-0.77%	-0.82%	1.38%	0.12%	-0.12%	4.93%
EPS (Basic)	1.28	1.27	1.18	0.96	0.75	0.64
EPS (Diluted)	1.28	1.27	1.18	0.96	0.75	0.64
EPS Growth	6.42%	7.50%	23.68%	27.53%	16.92%	13.34%
Free Cash Flow	407.94	1,099	1,106	550.47	169.72	633.57
Free Cash Flow Per Share	0.54	1.46	1.46	0.73	0.23	0.84
Dividend Per Share	0.650	0.650	0.650	0.560	0.300	-
Dividend Growth	-	-	16.07%	86.67%	-	-
Gross Margin	20.82%	20.79%	21.26%	20.56%	18.92%	20.26%
Operating Margin	9.92%	10.01%	10.20%	9.64%	9.51%	9.96%
Profit Margin	4.59%	4.70%	6.58%	6.17%	5.51%	5.63%
Free Cash Flow Margin	1.94%	5.39%	8.11%	4.74%	1.67%	7.43%
EBITDA	3,140	2,971	1,852	1,519	1,325	1,153
EBITDA Margin	14.91%	14.59%	13.57%	13.09%	13.03%	13.52%
D&A For EBITDA	1,051	932.94	459.61	399.69	358.23	303.55
EBIT	2,088	2,039	1,392	1,120	967.2	849.05
EBIT Margin	9.92%	10.01%	10.20%	9.64%	9.51%	9.96%
Effective Tax Rate	15.35%	15.41%	13.95%	14.22%	13.22%	14.76%
Revenue as Reported	21,058	20,369	13,652	11,608	10,169	8,526
Advertising Expenses	-	2.14	0.2	0.5	0.11	1.19

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.