SHE:000419 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,788	1,781	1,823	1,815	1,967
Other Revenue	169.53	301.69	310.1	315.71	361.49
Revenue	1,958	2,083	2,133	2,131	2,329
Revenue Growth (YoY)	-5.99%	-2.36%	0.11%	-8.52%	0.48%
Cost of Revenue	1,384	1,520	1,520	1,534	1,655
Gross Profit	573.52	562.16	613.09	596.33	674.42
Selling, General & Admin	417.45	391.92	428.46	448.75	468.78
Other Operating Expenses	15.75	26.84	27.72	26.03	28.73
Operating Expenses	433.19	421.69	455.63	474.86	497.51
Operating Income	140.33	140.47	157.46	121.47	176.91
Interest Expense	-	-26.98	-31.17	-39	-59.54
Interest & Investment Income	76.46	52.84	54.38	56.87	52.96
Other Non Operating Income (Expenses)	-45.55	-12.72	-8.36	-3.22	0.97
EBT Excluding Unusual Items	171.24	153.61	172.31	136.12	171.31
Gain (Loss) on Sale of Assets	0.42	48.96	2.66	77.95	12.82
Asset Writedown	-1.21	-0.34	-0.12	-1.37	0.2
Other Unusual Items	-	11.65	9.5	-7	18.47
Pretax Income	170.46	213.88	184.36	205.71	202.8
Income Tax Expense	31.53	41.76	32.53	40.21	42.09
Earnings From Continuing Operations	138.92	172.12	151.84	165.5	160.71
Minority Interest in Earnings	-15.96	-21.87	-22.23	-19.75	-22.23
Net Income	122.96	150.26	129.61	145.75	138.47
Net Income to Common	122.96	150.26	129.61	145.75	138.47
Net Income Growth	-18.17%	15.93%	-11.08%	5.26%	-23.55%
Shares Outstanding (Basic)	544	544	544	544	544
Shares Outstanding (Diluted)	544	544	544	544	544
Shares Change (YoY)	-0.01%	-0.01%	0.00%	-0.00%	0.02%
EPS (Basic)	0.23	0.28	0.24	0.27	0.25
EPS (Diluted)	0.23	0.28	0.24	0.27	0.25
EPS Growth	-18.16%	15.94%	-11.08%	5.26%	-23.56%
Free Cash Flow	58.44	151.05	243.17	13.25	318.34
Free Cash Flow Per Share	0.11	0.28	0.45	0.02	0.59
Dividend Per Share	-	0.150	0.120	0.150	0.160
Dividend Growth	-	25.00%	-20.00%	-6.25%	6.67%
Gross Margin	29.29%	26.99%	28.74%	27.99%	28.96%
Operating Margin	7.17%	6.74%	7.38%	5.70%	7.60%
Profit Margin	6.28%	7.22%	6.08%	6.84%	5.95%
Free Cash Flow Margin	2.99%	7.25%	11.40%	0.62%	13.67%
EBITDA	196.71	199.41	223.2	189.21	245.28
EBITDA Margin	10.05%	9.58%	10.46%	8.88%	10.53%
D&A For EBITDA	56.38	58.94	65.74	67.74	68.37
EBIT	140.33	140.47	157.46	121.47	176.91
EBIT Margin	7.17%	6.74%	7.38%	5.70%	7.60%
Effective Tax Rate	18.50%	19.52%	17.64%	19.55%	20.76%
Revenue as Reported	-	2,083	2,133	2,131	2,329
Advertising Expenses	-	10.13	11.1	8.06	10.59

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