SHE:000065 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	12,203	13,501	18,996	21,400	13,376	13,016
Other Revenue	53.01	53.01	84.04	88.19	57.75	34.14
Revenue	12,256	13,554	19,080	21,488	13,433	13,050
Revenue Growth (YoY)	-30.82%	-28.96%	-11.21%	59.96%	2.94%	1.55%
Cost of Revenue	10,409	11,635	16,681	19,270	11,607	11,655
Gross Profit	1,847	1,919	2,399	2,218	1,826	1,395
Selling, General & Admin	787.15	856.75	866.74	801.19	660.62	594.85
Research & Development	71.18	72.6	67.22	66.4	20.23	16.08
Other Operating Expenses	17.91	17.22	11.58	21.95	17.43	15.69
Operating Expenses	929.12	982.52	1,302	1,137	870.15	588.83
Operating Income	918.08	936.28	1,098	1,081	956.01	805.81
Interest Expense	-160.81	-173.82	-226.92	-227.88	-184.08	-169.19
Interest & Investment Income	348.51	282.3	211.46	193.7	160.94	287.58
Currency Exchange Gain (Loss)	-149.82	-149.82	149.34	219.68	396.24	-146.68
Other Non Operating Income (Expenses)	-48.9	68.81	-55.71	-144.77	-206.15	-50.33
EBT Excluding Unusual Items	907.07	963.75	1,176	1,122	1,123	727.19
Gain (Loss) on Sale of Investments	-17.46	-19.96	-28.37	-34.24	-178.19	75.69
Gain (Loss) on Sale of Assets	-0.75	-0.74	-0.09	1.9	0.24	0.1
Asset Writedown	-7.5	-11.49	-1.45	-0.06	-0.76	-0.47
Legal Settlements	-	-	-	-	-2.1	-1.36
Other Unusual Items	1.41	1.41	15.73	24.89	23.37	5.89
Pretax Income	882.78	932.98	1,162	1,114	965.53	807.04
Income Tax Expense	215.95	206.57	135.58	160.34	162.03	129.99
Earnings From Continuing Operations	666.83	726.41	1,026	953.69	803.5	677.05
Minority Interest in Earnings	-9.93	-3.1	23.59	-35.63	-167.34	-53.35
Net Income	656.91	723.31	1,050	918.06	636.16	623.71
Net Income to Common	656.91	723.31	1,050	918.06	636.16	623.71
Net Income Growth	-31.75%	-31.08%	14.32%	44.31%	2.00%	-16.99%
Shares Outstanding (Basic)	1,091	1,060	1,002	1,002	955	859
Shares Outstanding (Diluted)	1,091	1,060	1,072	1,071	1,024	930
Shares Change (YoY)	1.89%	-1.11%	0.08%	4.61%	10.03%	11.43%
EPS (Basic)	0.60	0.68	1.05	0.92	0.67	0.73
EPS (Diluted)	0.60	0.68	1.01	0.88	0.65	0.70
EPS Growth	-35.22%	-32.41%	14.16%	35.86%	-7.11%	-22.41%
Free Cash Flow	357.03	550.2	469.1	514.9	419.26	798.49
Free Cash Flow Per Share	0.33	0.52	0.44	0.48	0.41	0.86
Dividend Per Share	0.137	0.137	0.148	0.092	0.063	0.062
Dividend Growth	-7.37%	-7.37%	60.76%	44.91%	1.96%	-36.05%
Gross Margin	15.07%	14.16%	12.57%	10.32%	13.59%	10.69%
Operating Margin	7.49%	6.91%	5.75%	5.03%	7.12%	6.17%
Profit Margin	5.36%	5.34%	5.50%	4.27%	4.74%	4.78%
Free Cash Flow Margin	2.91%	4.06%	2.46%	2.40%	3.12%	6.12%
EBITDA	1,322	1,324	1,420	1,330	1,191	942.7
EBITDA Margin	10.79%	9.77%	7.44%	6.19%	8.86%	7.22%
D&A For EBITDA	403.93	387.7	322.77	249.28	234.7	136.89
EBIT	918.08	936.28	1,098	1,081	956.01	805.81
EBIT Margin	7.49%	6.91%	5.75%	5.03%	7.12%	6.17%
Effective Tax Rate	24.46%	22.14%	11.67%	14.39%	16.78%	16.11%
Revenue as Reported	12,256	13,554	19,080	21,488	13,433	13,050
Advertising Expenses	-	5.38	6.77	5.73	4.66	3.94

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