SHE:002831 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	16,974	16,880	16,806	14,897	16,007	14,668
Other Revenue	358	358	350.54	326.11	355.51	275.35
Revenue	17,332	17,238	17,157	15,223	16,362	14,944
Revenue Growth (YoY)	-0.27%	0.47%	12.71%	-6.96%	9.49%	26.76%
Cost of Revenue	12,846	12,884	12,940	11,261	12,505	11,757
Gross Profit	4,486	4,354	4,217	3,962	3,857	3,187
Selling, General & Admin	1,659	1,632	1,594	1,387	1,294	1,188
Research & Development	724.43	737.2	743.95	695.88	671.28	588.88
Other Operating Expenses	37.83	32.98	41.16	38.58	69.96	68.18
Operating Expenses	2,436	2,415	2,392	2,117	2,051	1,899
Operating Income	2,050	1,939	1,825	1,845	1,805	1,288
Interest Expense	-110.42	-118.54	-130.93	-175.45	-176.04	-167.68
Interest & Investment Income	66.47	71.06	80.87	91.33	54.54	162.85
Currency Exchange Gain (Loss)	-33.31	-33.31	87.01	59.6	152.37	-63.16
Other Non Operating Income (Expenses)	-82.96	-5.07	2.44	-1.92	-5.49	-8.48
EBT Excluding Unusual Items	1,890	1,853	1,864	1,818	1,831	1,211
Impairment of Goodwill	-9.41	-9.41	-21.85	-14.93	-	-
Gain (Loss) on Sale of Investments	59.46	66.03	-111.76	-72.02	-25.59	-30.34
Gain (Loss) on Sale of Assets	-35.39	-39.63	-50.59	-10.85	-9.05	-5.77
Asset Writedown	-1.75	-	-	-	-43.14	-5.27
Other Unusual Items	25.09	25.09	56.34	48.57	52.73	47.14
Pretax Income	1,928	1,895	1,736	1,769	1,806	1,217
Income Tax Expense	327.4	315.28	285.07	274.74	228.53	137.84
Earnings From Continuing Operations	1,600	1,580	1,451	1,494	1,577	1,079
Minority Interest in Earnings	-3.41	12.21	-42.48	-56.37	-89.26	-56.14
Net Income	1,597	1,592	1,409	1,438	1,488	1,023
Net Income to Common	1,597	1,592	1,409	1,438	1,488	1,023
Net Income Growth	11.60%	13.05%	-2.05%	-3.35%	45.46%	-8.68%
Shares Outstanding (Basic)	906	910	915	916	924	936
Shares Outstanding (Diluted)	906	910	915	916	924	936
Shares Change (YoY)	-1.42%	-0.52%	-0.14%	-0.88%	-1.25%	6.02%
EPS (Basic)	1.76	1.75	1.54	1.57	1.61	1.09
EPS (Diluted)	1.76	1.75	1.54	1.57	1.61	1.09
EPS Growth	13.21%	13.64%	-1.91%	-2.48%	47.30%	-13.87%
Free Cash Flow	1,453	1,851	1,002	2,504	1,019	-680.78
Free Cash Flow Per Share	1.60	2.03	1.09	2.73	1.10	-0.73
Dividend Per Share	1.230	1.230	0.930	0.947	0.326	0.220
Dividend Growth	32.23%	32.23%	-1.79%	190.55%	48.18%	-21.43%
Gross Margin	25.88%	25.26%	24.58%	26.03%	23.57%	21.33%
Operating Margin	11.83%	11.25%	10.63%	12.12%	11.03%	8.62%
Profit Margin	9.21%	9.24%	8.21%	9.45%	9.09%	6.84%
Free Cash Flow Margin	8.38%	10.74%	5.84%	16.45%	6.22%	-4.56%
EBITDA	2,733	2,609	2,440	2,441	2,350	1,785
EBITDA Margin	15.77%	15.13%	14.22%	16.04%	14.36%	11.94%
D&A For EBITDA	683.08	669.5	615.21	596.29	544.31	497.32
EBIT	2,050	1,939	1,825	1,845	1,805	1,288
EBIT Margin	11.83%	11.25%	10.63%	12.12%	11.03%	8.62%
Effective Tax Rate	16.98%	16.63%	16.42%	15.53%	12.66%	11.33%
Revenue as Reported	17,332	17,238	17,157	15,223	16,362	14,944
Advertising Expenses	-	5.39	5.1	4.35	3.94	3.78

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