SHE:000404 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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	10,859	11,678	11,866	12,817	13,022	13,111
Other Revenue	102.05	102.68	100.18	71.76	73.67	87.93
Revenue	10,962	11,781	11,967	12,889	13,095	13,199
Revenue Growth	-7.61%	-1.55%	-7.16%	-1.58%	-0.78%	26.27%
Cost of Revenue	9,462	10,257	10,532	11,355	11,713	12,166
Gross Profit	1,500	1,523	1,434	1,534	1,383	1,033
Selling, General & Admin	348.86	425.49	443.27	501.2	494.51	441
Research & Development	455.21	443.36	357.65	476.96	466.5	434.04
Other Operating Expenses	33.24	33.93	33.9	46.78	35.89	29.97
Operating Expenses	838.15	892.58	816.89	1,045	1,050	903.61
Operating Income	661.55	630.85	617.16	488.88	332.8	129.3
Interest Expense	-56.33	-65.32	-71.39	-55.94	-41.45	-36.89
Interest & Investment Income	101.42	133.87	222.16	139.83	154.72	225.98
Currency Exchange Gain (Loss)	-24.4	13.35	-13.56	16.17	36.88	9.64
Other Non Operating Income (Expenses)	-19.86	-17.79	-17.38	-5.36	-0.41	-10.12
EBT Excluding Unusual Items	662.37	694.96	737	583.58	482.54	317.9
Impairment of Goodwill	-	-	-	-9.62	-	-34.97
Gain (Loss) on Sale of Investments	52.63	58.4	-24.89	16.1	-26.71	20.85
Gain (Loss) on Sale of Assets	-0.31	0.33	-3.19	-6.44	-3.93	3.48
Asset Writedown	-5.73	-8.16	-20.75	-41.65	-24.88	-33.93
Other Unusual Items	53.92	42.43	36.35	37.86	33.74	59.53
Pretax Income	762.88	787.96	724.52	579.83	460.76	332.86
Income Tax Expense	98.11	103.75	89.51	48.51	43.27	43.17
Earnings From Continuing Operations	664.77	684.21	635.01	531.31	417.49	289.69
Minority Interest in Earnings	-176.69	-189.44	-184.8	-169.16	-154.74	-104.26
Net Income	488.08	494.77	450.21	362.16	262.75	185.43
Net Income to Common	488.08	494.77	450.21	362.16	262.75	185.43
Net Income Growth	1.55%	9.90%	24.31%	37.83%	41.70%	59.81%
Shares Outstanding (Basic)	695	693	696	696	696	696
Shares Outstanding (Diluted)	695	693	696	696	696	696
Shares Change	-0.14%	-0.44%	-0.01%	0.00%	-0.01%	-
EPS (Basic)	0.70	0.71	0.65	0.52	0.38	0.27
EPS (Diluted)	0.70	0.71	0.65	0.52	0.38	0.27
EPS Growth	1.69%	10.39%	24.33%	37.83%	41.70%	59.81%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Free Cash Flow	778.14	656.51	449.1	526.79	636.01	1,308
Free Cash Flow Per Share	1.12	0.95	0.65	0.76	0.91	1.88
Dividend Per Share	0.330	0.330	0.300	0.250	0.200	0.150
Dividend Growth	10.00%	10.00%	20.00%	25.00%	33.33%	50.00%
Gross Margin	13.68%	12.93%	11.98%	11.90%	10.56%	7.83%
Operating Margin	6.04%	5.36%	5.16%	3.79%	2.54%	0.98%
Profit Margin	4.45%	4.20%	3.76%	2.81%	2.01%	1.41%
Free Cash Flow Margin	7.10%	5.57%	3.75%	4.09%	4.86%	9.91%
EBITDA	835.34	804.57	792.25	690.26	534.76	328.42
EBITDA Margin	7.62%	6.83%	6.62%	5.36%	4.08%	2.49%
D&A For EBITDA	173.79	173.72	175.09	201.38	201.97	199.12
EBIT	661.55	630.85	617.16	488.88	332.8	129.3
EBIT Margin	6.04%	5.36%	5.16%	3.79%	2.54%	0.98%
Effective Tax Rate	12.86%	13.17%	12.35%	8.37%	9.39%	12.97%
Revenue as Reported	10,962	11,781	11,967	12,889	13,095	13,199
Advertising Expenses	-	0.61	0.91	1.04	1.9	3.91