SHE:300124 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	46,115	44,950	36,889	30,392	22,999	17,943
Other Revenue	154.81	154.81	152.09	27.53	9.64	-
Revenue	46,270	45,105	37,041	30,420	23,008	17,943
Revenue Growth (YoY)	17.06%	21.77%	21.77%	32.21%	28.23%	55.88%
Cost of Revenue	33,420	32,422	26,711	20,785	15,028	11,565
Gross Profit	12,850	12,682	10,329	9,635	7,981	6,379
Selling, General & Admin	3,419	3,367	3,030	2,876	2,356	1,927
Research & Development	4,367	4,250	3,140	2,621	2,225	1,675
Other Operating Expenses	-235.59	-272.5	-344.83	-371.03	-352.9	-375.5
Operating Expenses	7,650	7,426	5,971	5,443	4,446	3,310
Operating Income	5,200	5,257	4,358	4,192	3,534	3,068
Interest Expense	-166.43	-170.4	-161.64	-178.39	-153.07	-69.88
Interest & Investment Income	125.55	292.3	311.75	612.53	741.09	529.5
Earnings From Equity Investments	-11.62	-11.62	-6.18	-48.41	-	-
Currency Exchange Gain (Loss)	28	28	-37.54	41.24	-80.92	46.72
Other Non Operating Income (Expenses)	-43.4	-13.78	-16.5	-12.94	-42.18	-9.91
EBT Excluding Unusual Items	5,132	5,381	4,448	4,606	3,999	3,565
Impairment of Goodwill	-57.92	-57.92	-	-	-56.06	-111.57
Gain (Loss) on Sale of Investments	-0.74	-29.13	-43.08	244.95	367.67	254.88
Gain (Loss) on Sale of Assets	2.81	2.7	166.57	0.22	0.02	-1.87
Asset Writedown	-164.37	-44.18	-96.71	-32.02	-2.92	-8.45
Legal Settlements	18.02	18.02	11.82	17.99	-0.12	-0.04
Other Unusual Items	162.57	162.57	122.3	162.96	168.75	121.47
Pretax Income	5,093	5,433	4,609	5,000	4,477	3,819
Income Tax Expense	240.48	260.7	262.44	224.67	152.13	138.24
Earnings From Continuing Operations	4,852	5,173	4,346	4,776	4,324	3,681
Minority Interest in Earnings	-111.4	-122.69	-60.9	-33.71	-4.73	-107.52
Net Income	4,741	5,050	4,285	4,742	4,320	3,573
Net Income to Common	4,741	5,050	4,285	4,742	4,320	3,573
Net Income Growth	-1.18%	17.84%	-9.62%	9.77%	20.89%	70.15%
Shares Outstanding (Basic)	2,543	2,701	2,678	2,664	2,634	2,608
Shares Outstanding (Diluted)	2,740	2,730	2,678	2,664	2,650	2,628
Shares Change (YoY)	2.32%	1.92%	0.54%	0.52%	0.86%	1.34%
EPS (Basic)	1.86	1.87	1.60	1.78	1.64	1.37
EPS (Diluted)	1.73	1.85	1.60	1.78	1.63	1.36
EPS Growth	-3.42%	15.63%	-10.11%	9.20%	19.85%	67.90%
Free Cash Flow	3,336	3,657	5,088	1,861	1,539	987.43
Free Cash Flow Per Share	1.22	1.34	1.90	0.70	0.58	0.38
Dividend Per Share	0.500	0.500	0.410	0.450	0.360	0.300
Dividend Growth	21.95%	21.95%	-8.89%	25.00%	20.00%	25.00%
Gross Margin	27.77%	28.12%	27.89%	31.67%	34.69%	35.55%
Operating Margin	11.24%	11.65%	11.77%	13.78%	15.36%	17.10%
Profit Margin	10.25%	11.20%	11.57%	15.59%	18.77%	19.91%
Free Cash Flow Margin	7.21%	8.11%	13.74%	6.12%	6.69%	5.50%
EBITDA	6,052	6,077	5,052	4,731	3,913	3,353
EBITDA Margin	13.08%	13.47%	13.64%	15.55%	17.01%	18.68%
D&A For EBITDA	851.76	820.26	694.26	538.79	378.61	284.44
EBIT	5,200	5,257	4,358	4,192	3,534	3,068
EBIT Margin	11.24%	11.65%	11.77%	13.78%	15.36%	17.10%
Effective Tax Rate	4.72%	4.80%	5.69%	4.49%	3.40%	3.62%
Revenue as Reported	46,270	45,105	37,041	30,420	23,008	17,943
Advertising Expenses	-	114.58	80.55	84.97	36.64	32.62

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