SHE:000059 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	40,873	41,665	34,441	46,076	48,993	38,592
Other Revenue	91.07	91.07	155.61	65.76	69.56	56.45
Revenue	40,964	41,756	34,596	46,142	49,062	38,648
Revenue Growth (YoY)	19.40%	20.70%	-25.02%	-5.95%	26.95%	26.98%
Cost of Revenue	35,813	37,028	32,688	39,534	41,351	31,386
Gross Profit	5,151	4,729	1,908	6,608	7,711	7,262
Selling, General & Admin	1,155	1,163	1,226	1,284	1,298	1,409
Research & Development	109.78	129.77	175.79	159.46	144.47	124.68
Other Operating Expenses	4,997	4,861	3,261	4,896	5,249	4,172
Operating Expenses	6,261	6,154	4,663	6,340	6,691	5,704
Operating Income	-1,110	-1,425	-2,755	268.36	1,019	1,558
Interest Expense	-324.69	-324.69	-294.27	-301.09	-344.01	-438.54
Interest & Investment Income	42.33	42.33	73.55	98.06	99.32	111.67
Earnings From Equity Investments	6.06	6.06	3.61	4.76	-	-
Currency Exchange Gain (Loss)	6.69	6.69	36.05	31.6	16.74	-1.16
Other Non Operating Income (Expenses)	-25.32	-4.3	-2.01	-12.56	-11.09	-7.15
EBT Excluding Unusual Items	-1,405	-1,699	-2,938	89.14	780.22	1,223
Gain (Loss) on Sale of Investments	-	-	-	-	-	30.77
Gain (Loss) on Sale of Assets	0.75	0.75	-	0.17	0.75	-22.15
Asset Writedown	53.63	-42.65	-12.38	1.22	-22.77	-122.57
Other Unusual Items	54.28	54.28	112.02	45.7	43.99	29.88
Pretax Income	-1,297	-1,686	-2,838	154.69	822.47	1,160
Income Tax Expense	28.28	43.08	4.19	71.61	221.26	174.18
Earnings From Continuing Operations	-1,325	-1,729	-2,842	83.09	601.21	985.74
Minority Interest in Earnings	-51.95	-33.85	47.63	-12.79	-72.01	-43.31
Net Income	-1,377	-1,763	-2,795	70.3	529.2	942.44
Net Income to Common	-1,377	-1,763	-2,795	70.3	529.2	942.44
Net Income Growth	-	-	-	-86.72%	-43.85%	190.44%
Shares Outstanding (Basic)	1,603	1,603	1,597	1,757	1,604	1,597
Shares Outstanding (Diluted)	1,603	1,603	1,597	1,757	1,604	1,597
Shares Change (YoY)	0.40%	0.38%	-9.13%	9.59%	0.39%	-1.55%
EPS (Basic)	-0.86	-1.10	-1.75	0.04	0.33	0.59
EPS (Diluted)	-0.86	-1.10	-1.75	0.04	0.33	0.59
EPS Growth	-	-	-	-87.88%	-44.07%	195.00%
Free Cash Flow	1,154	-3,081	-517.47	652.33	1,549	2,275
Free Cash Flow Per Share	0.72	-1.92	-0.32	0.37	0.97	1.42
Dividend Per Share	-	-	0.018	0.014	0.132	0.218
Dividend Growth	-	-	28.57%	-89.39%	-39.45%	175.95%
Gross Margin	12.57%	11.33%	5.51%	14.32%	15.72%	18.79%
Operating Margin	-2.71%	-3.41%	-7.96%	0.58%	2.08%	4.03%
Profit Margin	-3.36%	-4.22%	-8.08%	0.15%	1.08%	2.44%
Free Cash Flow Margin	2.82%	-7.38%	-1.50%	1.41%	3.16%	5.89%
EBITDA	18.98	-299.36	-1,645	1,792	2,573	3,013
EBITDA Margin	0.05%	-0.72%	-4.75%	3.88%	5.24%	7.80%
D&A For EBITDA	1,129	1,125	1,110	1,524	1,553	1,455
EBIT	-1,110	-1,425	-2,755	268.36	1,019	1,558
EBIT Margin	-2.71%	-3.41%	-7.96%	0.58%	2.08%	4.03%
Effective Tax Rate	-	-	-	46.29%	26.90%	15.02%
Revenue as Reported	41,756	41,756	34,596	46,142	-	38,648
Advertising Expenses	-	1.54	1.17	3.18	2.92	2.66

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