SHE:000157 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	50,898	50,063	43,707	45,301	39,695	63,570
Other Revenue	2,044	2,044	1,771	1,773	1,936	3,561
Revenue	52,942	52,107	45,478	47,075	41,631	67,131
Revenue Growth (YoY)	15.54%	14.58%	-3.39%	13.08%	-37.98%	3.10%
Cost of Revenue	38,288	37,565	32,679	34,352	33,139	51,288
Gross Profit	14,654	14,542	12,799	12,723	8,493	15,842
Selling, General & Admin	6,652	6,594	5,963	5,268	4,210	5,147
Research & Development	2,913	2,895	2,769	3,441	2,507	3,865
Other Operating Expenses	402.93	297.4	6.72	247.52	216.24	-367.27
Operating Expenses	10,460	10,277	9,284	9,693	7,326	9,330
Operating Income	4,195	4,265	3,515	3,030	1,167	6,512
Interest Expense	-630.41	-596.31	-570.98	-690.7	-936.57	-939.87
Interest & Investment Income	898.3	756.87	652.61	913.13	1,298	1,286
Currency Exchange Gain (Loss)	-6.23	-6.23	-110.11	61.21	248.39	-41.58
Other Non Operating Income (Expenses)	-614.56	-90.2	-32.04	-69.73	-81.78	-88.88
EBT Excluding Unusual Items	3,842	4,329	3,455	3,244	1,695	6,728
Gain (Loss) on Sale of Investments	51.4	21.35	-53.53	-39.98	-11.21	64.63
Gain (Loss) on Sale of Assets	-12.02	547.6	662.72	232.66	-7.6	185.55
Asset Writedown	-32.67	-32.04	-	-50.54	-0.02	-1.19
Other Unusual Items	1,278	1,008	319	841.03	794.57	347.1
Pretax Income	5,127	5,874	4,383	4,228	2,471	7,324
Income Tax Expense	618.05	766.71	374.24	456.64	86.02	937.64
Earnings From Continuing Operations	4,509	5,107	4,009	3,771	2,385	6,386
Net Income to Company	4,509	5,107	4,009	3,771	2,385	6,386
Minority Interest in Earnings	-176.11	-248.38	-488.43	-264.91	-78.59	-116.26
Net Income	4,332	4,858	3,520	3,506	2,306	6,270
Preferred Dividends & Other Adjustments	128.22	128.22	-	-	-	-
Net Income to Common	4,204	4,730	3,520	3,506	2,306	6,270
Net Income Growth	7.91%	38.01%	0.41%	52.04%	-63.22%	-13.88%
Shares Outstanding (Basic)	8,429	8,422	8,586	8,154	8,541	8,250
Shares Outstanding (Diluted)	8,429	8,422	8,586	8,348	8,541	8,473
Shares Change (YoY)	-3.21%	-1.91%	2.86%	-2.26%	0.81%	12.88%
EPS (Basic)	0.50	0.56	0.41	0.43	0.27	0.76
EPS (Diluted)	0.50	0.56	0.41	0.42	0.27	0.74
EPS Growth	7.83%	36.59%	-2.38%	55.56%	-63.51%	-23.71%
Free Cash Flow	822.56	219.01	-1,893	812.52	894.84	-288.88
Free Cash Flow Per Share	0.10	0.03	-0.22	0.10	0.10	-0.03
Dividend Per Share	0.400	0.400	0.300	0.320	0.320	0.320
Dividend Growth	33.33%	33.33%	-6.25%	-	-	-39.62%
Gross Margin	27.68%	27.91%	28.14%	27.03%	20.40%	23.60%
Operating Margin	7.92%	8.18%	7.73%	6.44%	2.80%	9.70%
Profit Margin	7.94%	9.08%	7.74%	7.45%	5.54%	9.34%
Free Cash Flow Margin	1.55%	0.42%	-4.16%	1.73%	2.15%	-0.43%
EBITDA	5,548	5,578	4,671	4,283	2,198	7,411
EBITDA Margin	10.48%	10.71%	10.27%	9.10%	5.28%	11.04%
D&A For EBITDA	1,353	1,314	1,156	1,252	1,031	898.82
EBIT	4,195	4,265	3,515	3,030	1,167	6,512
EBIT Margin	7.92%	8.18%	7.73%	6.44%	2.80%	9.70%
Effective Tax Rate	12.06%	13.05%	8.54%	10.80%	3.48%	12.80%
Revenue as Reported	52,942	52,107	45,478	47,075	41,631	67,131
Advertising Expenses	-	255.37	241.12	245.82	187.49	191.63

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