SHE:000419 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	1,561	1,661	1,781	1,823	1,815	1,967
Other Revenue	290.76	296.73	301.69	310.1	315.71	361.49
Revenue	1,851	1,958	2,083	2,133	2,131	2,329
Revenue Growth (YoY)	-12.33%	-5.99%	-2.36%	0.11%	-8.52%	0.48%
Cost of Revenue	1,326	1,421	1,520	1,520	1,534	1,655
Gross Profit	525.21	536.48	562.16	613.09	596.33	674.42
Selling, General & Admin	398.43	407.06	391.92	428.46	448.75	468.78
Other Operating Expenses	24.55	24.73	26.84	27.72	26.03	28.73
Operating Expenses	422.11	430.93	421.69	455.63	474.86	497.51
Operating Income	103.11	105.56	140.47	157.46	121.47	176.91
Interest Expense	-23.94	-23.94	-26.98	-31.17	-39	-59.54
Interest & Investment Income	82.01	82.01	52.84	54.38	56.87	52.96
Other Non Operating Income (Expenses)	15.34	-5.41	-12.72	-8.36	-3.22	0.97
EBT Excluding Unusual Items	176.52	158.22	153.61	172.31	136.12	171.31
Gain (Loss) on Sale of Assets	0.01	0.42	48.96	2.66	77.95	12.82
Asset Writedown	-0.03	-0.03	-0.34	-0.12	-1.37	0.2
Other Unusual Items	11.84	11.84	11.65	9.5	-7	18.47
Pretax Income	188.34	170.46	213.88	184.36	205.71	202.8
Income Tax Expense	29.72	31.53	41.76	32.53	40.21	42.09
Earnings From Continuing Operations	158.62	138.92	172.12	151.84	165.5	160.71
Minority Interest in Earnings	-16.07	-15.96	-21.87	-22.23	-19.75	-22.23
Net Income	142.55	122.96	150.26	129.61	145.75	138.47
Net Income to Common	142.55	122.96	150.26	129.61	145.75	138.47
Net Income Growth	18.32%	-18.17%	15.93%	-11.08%	5.26%	-23.55%
Shares Outstanding (Basic)	544	544	544	544	544	544
Shares Outstanding (Diluted)	544	544	544	544	544	544
Shares Change (YoY)	0.12%	-0.01%	-0.01%	0.00%	-0.00%	0.02%
EPS (Basic)	0.26	0.23	0.28	0.24	0.27	0.25
EPS (Diluted)	0.26	0.23	0.28	0.24	0.27	0.25
EPS Growth	18.18%	-18.16%	15.94%	-11.08%	5.26%	-23.56%
Free Cash Flow	-196.93	58.44	151.05	243.17	13.25	318.34
Free Cash Flow Per Share	-0.36	0.11	0.28	0.45	0.02	0.59
Dividend Per Share	0.130	0.130	0.150	0.120	0.150	0.160
Dividend Growth	-13.33%	-13.33%	25.00%	-20.00%	-6.25%	6.67%
Gross Margin	28.37%	27.40%	26.99%	28.74%	27.99%	28.96%
Operating Margin	5.57%	5.39%	6.74%	7.38%	5.70%	7.60%
Profit Margin	7.70%	6.28%	7.22%	6.08%	6.84%	5.95%
Free Cash Flow Margin	-10.64%	2.99%	7.25%	11.40%	0.62%	13.67%
EBITDA	157.83	161.27	200.15	223.2	189.21	245.28
EBITDA Margin	8.53%	8.24%	9.61%	10.46%	8.88%	10.53%
D&A For EBITDA	54.72	55.71	59.68	65.74	67.74	68.37
EBIT	103.11	105.56	140.47	157.46	121.47	176.91
EBIT Margin	5.57%	5.39%	6.74%	7.38%	5.70%	7.60%
Effective Tax Rate	15.78%	18.50%	19.52%	17.64%	19.55%	20.76%
Revenue as Reported	1,958	1,958	2,083	2,133	2,131	2,329
Advertising Expenses	-	9.27	10.13	11.1	8.06	10.59

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