SHE:000039 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	151,405	154,767	175,712	126,088	139,417	160,410
Other Revenue	1,844	1,844	1,952	1,722	2,119	3,286
Revenue	153,249	156,611	177,664	127,810	141,537	163,696
Revenue Growth (YoY)	-15.45%	-11.85%	39.01%	-9.70%	-13.54%	73.85%
Cost of Revenue	134,575	137,348	155,663	110,627	119,960	135,093
Gross Profit	18,674	19,263	22,001	17,183	21,577	28,603
Selling, General & Admin	8,966	9,098	9,607	9,093	9,492	8,595
Research & Development	2,880	2,788	2,709	2,429	2,463	2,252
Other Operating Expenses	479.25	462.31	534.57	541.29	550.97	634.27
Operating Expenses	12,960	12,973	13,332	12,255	12,783	11,825
Operating Income	5,713	6,290	8,669	4,928	8,794	16,778
Interest Expense	-1,384	-1,510	-2,050	-1,950	-1,335	-1,369
Interest & Investment Income	760.89	683.89	483.21	326.99	322.35	1,618
Currency Exchange Gain (Loss)	-1,111	-1,111	338.62	253.02	1,177	-367.35
Other Non Operating Income (Expenses)	-582.75	-367.28	-138.77	-284.46	-197.24	-442.07
EBT Excluding Unusual Items	3,396	3,985	7,302	3,274	8,760	16,218
Impairment of Goodwill	-84.4	-84.4	-130.74	-73.76	-65.92	-12.73
Gain (Loss) on Sale of Investments	-1,477	-1,441	-1,163	-946.9	-1,708	-108.35
Gain (Loss) on Sale of Assets	28.56	31.73	114.4	23.78	243.25	16.9
Asset Writedown	-189.73	-199.68	-124.1	-78.23	-299.31	-3,485
Other Unusual Items	524.72	524.72	596.31	635.59	7.33	665.9
Pretax Income	2,198	2,816	6,595	2,834	6,938	13,295
Income Tax Expense	1,168	1,479	2,400	970.8	2,337	4,934
Earnings From Continuing Operations	1,030	1,337	4,195	1,863	4,601	8,361
Minority Interest in Earnings	-1,144	-1,117	-1,223	-1,442	-1,382	-1,695
Net Income	-114.02	220.82	2,972	421.25	3,219	6,665
Preferred Dividends & Other Adjustments	85.25	85.25	107.45	64.2	55.44	175.27
Net Income to Common	-199.27	135.57	2,865	357.05	3,164	6,490
Net Income Growth	-	-92.57%	605.60%	-86.91%	-51.70%	24.59%
Shares Outstanding (Basic)	5,431	5,351	5,370	5,393	5,393	5,393
Shares Outstanding (Diluted)	5,431	5,351	5,370	5,393	5,393	5,393
Shares Change (YoY)	6.26%	-0.36%	-0.42%	-	-	0.19%
EPS (Basic)	-0.04	0.03	0.53	0.07	0.59	1.20
EPS (Diluted)	-0.04	0.02	0.53	0.05	0.57	1.20
EPS Growth	-	-95.50%	909.51%	-90.81%	-52.60%	27.15%
Free Cash Flow	9,473	13,796	5,695	-2,773	11,057	13,891
Free Cash Flow Per Share	1.74	2.58	1.06	-0.51	2.05	2.58
Dividend Per Share	0.179	0.179	0.176	0.022	0.180	0.460
Dividend Growth	1.70%	1.70%	700.00%	-87.78%	-60.87%	146.39%
Gross Margin	12.19%	12.30%	12.38%	13.44%	15.25%	17.47%
Operating Margin	3.73%	4.02%	4.88%	3.86%	6.21%	10.25%
Profit Margin	-0.13%	0.09%	1.61%	0.28%	2.23%	3.96%
Free Cash Flow Margin	6.18%	8.81%	3.21%	-2.17%	7.81%	8.49%
EBITDA	9,524	9,979	11,871	7,874	11,728	19,604
EBITDA Margin	6.21%	6.37%	6.68%	6.16%	8.29%	11.98%
D&A For EBITDA	3,810	3,689	3,202	2,947	2,934	2,826
EBIT	5,713	6,290	8,669	4,928	8,794	16,778
EBIT Margin	3.73%	4.02%	4.88%	3.86%	6.21%	10.25%
Effective Tax Rate	53.14%	52.51%	36.39%	34.25%	33.68%	37.11%
Advertising Expenses	-	23.97	16.98	24.29	19.54	82.4

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