SHE:000028 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	72,308	72,778	73,675	74,844	72,701	67,648
Other Revenue	637.52	637.52	703	633.35	742.57	710.01
Revenue	72,946	73,416	74,378	75,477	73,443	68,358
Revenue Growth (YoY)	-0.86%	-1.29%	-1.46%	2.77%	7.44%	14.60%
Cost of Revenue	65,266	65,618	66,180	66,471	64,561	60,372
Gross Profit	7,680	7,797	8,198	9,006	8,883	7,986
Selling, General & Admin	5,721	5,811	6,407	6,404	6,374	5,772
Research & Development	15.58	19.99	24.55	26.82	9.07	-
Other Operating Expenses	158.82	161.93	116.3	93.73	180.1	139.09
Operating Expenses	5,980	6,077	6,642	6,596	6,585	5,955
Operating Income	1,700	1,720	1,556	2,411	2,298	2,031
Interest Expense	-194.5	-194.5	-258.3	-248.38	-261.91	-288.04
Interest & Investment Income	243.02	264.56	300.32	314.58	212.07	366.68
Currency Exchange Gain (Loss)	1.37	1.37	-1.85	2.95	-0.44	0.41
Other Non Operating Income (Expenses)	-61.87	-43.62	-28.62	-27.9	-1.89	-4.87
EBT Excluding Unusual Items	1,688	1,748	1,568	2,452	2,245	2,105
Impairment of Goodwill	-253.92	-253.92	-887.85	-	-38.98	-162.69
Gain (Loss) on Sale of Investments	3.13	3.13	-22.81	-15.16	28.87	-
Gain (Loss) on Sale of Assets	5.7	7.96	11.87	45.31	8.31	4.25
Asset Writedown	-31.4	-31.84	-84	-0.64	-18.87	-75.55
Legal Settlements	-0.31	-0.31	-0.51	-3.25	-0.05	-0.55
Other Unusual Items	36	36	-9.16	-5.12	86.36	104.09
Pretax Income	1,448	1,509	575.47	2,473	2,311	1,975
Income Tax Expense	361.72	380.67	338.47	514.74	539.33	447.21
Earnings From Continuing Operations	1,086	1,128	237	1,958	1,772	1,528
Minority Interest in Earnings	9.56	7.58	405.49	-359.23	-285.03	-191.21
Net Income	1,095	1,136	642.49	1,599	1,487	1,336
Net Income to Common	1,095	1,136	642.49	1,599	1,487	1,336
Net Income Growth	88.30%	76.80%	-59.82%	7.57%	11.24%	-4.67%
Shares Outstanding (Basic)	556	557	559	557	557	557
Shares Outstanding (Diluted)	556	557	559	557	557	557
Shares Change (YoY)	-0.54%	-0.38%	0.26%	0.12%	-	-
EPS (Basic)	1.97	2.04	1.15	2.87	2.67	2.40
EPS (Diluted)	1.97	2.04	1.15	2.87	2.67	2.40
EPS Growth	89.24%	77.39%	-59.93%	7.49%	11.25%	-4.59%
Free Cash Flow	340.51	1,421	2,989	2,615	2,238	1,285
Free Cash Flow Per Share	0.61	2.55	5.35	4.69	4.02	2.31
Dividend Per Share	0.616	0.616	0.366	0.680	0.615	0.462
Dividend Growth	68.31%	68.31%	-46.18%	10.50%	33.35%	-25.01%
Gross Margin	10.53%	10.62%	11.02%	11.93%	12.09%	11.68%
Operating Margin	2.33%	2.34%	2.09%	3.19%	3.13%	2.97%
Profit Margin	1.50%	1.55%	0.86%	2.12%	2.02%	1.96%
Free Cash Flow Margin	0.47%	1.94%	4.02%	3.46%	3.05%	1.88%
EBITDA	1,579	1,932	3,102	3,836	2,542	2,239
EBITDA Margin	2.17%	2.63%	4.17%	5.08%	3.46%	3.28%
D&A For EBITDA	-121.32	212.01	1,545	1,426	244.32	207.45
EBIT	1,700	1,720	1,556	2,411	2,298	2,031
EBIT Margin	2.33%	2.34%	2.09%	3.19%	3.13%	2.97%
Effective Tax Rate	24.99%	25.23%	58.82%	20.81%	23.34%	22.64%
Revenue as Reported	73,416	73,416	74,378	75,477	-	-
Advertising Expenses	-	-	-	-	46.67	44.12

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