SHE:000422 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	25,269	24,386	24,357	16,580	19,653	18,203
Other Revenue	1,267	1,267	1,037	465.49	1,059	341.28
Revenue	26,535	25,653	25,394	17,046	20,713	18,544
Revenue Growth (YoY)	-1.93%	1.02%	48.98%	-17.70%	11.69%	34.56%
Cost of Revenue	22,123	21,073	19,743	14,934	16,845	14,029
Gross Profit	4,412	4,580	5,651	2,112	3,867	4,515
Selling, General & Admin	1,119	1,107	1,050	581.93	544.31	521.05
Research & Development	865.63	885.26	984.84	736.52	735.34	710.64
Other Operating Expenses	438.23	435.69	420.46	30.15	112.63	113.44
Operating Expenses	2,442	2,447	2,454	1,341	1,401	1,338
Operating Income	1,970	2,133	3,197	770.82	2,467	3,177
Interest Expense	-533.77	-534.82	-589.54	-242.05	-334.41	-500.72
Interest & Investment Income	99.96	57.69	127.7	470.77	660.26	146.77
Currency Exchange Gain (Loss)	7.75	7.75	45.42	36.47	33.58	-4.91
Other Non Operating Income (Expenses)	-4.28	-13	-384.26	-9.16	84.26	-96.78
EBT Excluding Unusual Items	1,540	1,650	2,397	1,027	2,910	2,721
Gain (Loss) on Sale of Investments	48.75	-31.14	-14.28	5.15	54.68	-29.22
Gain (Loss) on Sale of Assets	-157.73	-161.68	46.25	9.86	9.05	14.03
Asset Writedown	-187.89	-193.64	-234.61	-160.38	-100.3	-583
Legal Settlements	-109.67	-109.67	-0.23	-0.52	-2.43	-12.51
Other Unusual Items	554.43	554.43	198.64	86.8	97.73	133.38
Pretax Income	1,688	1,709	2,392	967.75	2,969	2,244
Income Tax Expense	240.31	264.09	248.81	163.23	239.59	164.57
Earnings From Continuing Operations	1,447	1,445	2,144	804.52	2,729	2,079
Net Income to Company	1,447	1,445	2,144	804.52	2,729	2,079
Minority Interest in Earnings	-590.57	-635.95	-1,076	-352.38	-565.1	-510.22
Net Income	856.72	808.59	1,067	452.14	2,164	1,569
Net Income to Common	856.72	808.59	1,067	452.14	2,164	1,569
Net Income Growth	-19.45%	-24.25%	136.10%	-79.11%	37.95%	1255.01%
Shares Outstanding (Basic)	1,086	1,085	1,068	964	898	898
Shares Outstanding (Diluted)	1,086	1,085	1,068	964	898	898
Shares Change (YoY)	1.11%	1.57%	10.77%	7.42%	-0.00%	0.03%
EPS (Basic)	0.79	0.75	1.00	0.47	2.41	1.75
EPS (Diluted)	0.79	0.75	1.00	0.47	2.41	1.75
EPS Growth	-20.34%	-25.42%	113.14%	-80.55%	37.95%	1254.65%
Free Cash Flow	78.95	-1,191	-1,537	-126.19	1,621	2,689
Free Cash Flow Per Share	0.07	-1.10	-1.44	-0.13	1.80	3.00
Dividend Per Share	0.250	0.250	0.200	0.320	0.100	-
Dividend Growth	25.00%	25.00%	-37.50%	220.00%	-	-
Gross Margin	16.63%	17.85%	22.25%	12.39%	18.67%	24.35%
Operating Margin	7.42%	8.31%	12.59%	4.52%	11.91%	17.13%
Profit Margin	3.23%	3.15%	4.20%	2.65%	10.45%	8.46%
Free Cash Flow Margin	0.30%	-4.64%	-6.05%	-0.74%	7.83%	14.50%
EBITDA	4,487	4,616	5,548	1,889	3,564	4,281
EBITDA Margin	16.91%	18.00%	21.85%	11.08%	17.21%	23.08%
D&A For EBITDA	2,517	2,484	2,351	1,118	1,097	1,104
EBIT	1,970	2,133	3,197	770.82	2,467	3,177
EBIT Margin	7.42%	8.31%	12.59%	4.52%	11.91%	17.13%
Effective Tax Rate	14.24%	15.46%	10.40%	16.87%	8.07%	7.33%
Revenue as Reported	26,535	25,653	25,394	17,046	20,713	18,544
Advertising Expenses	-	1.53	1.08	0.64	4.26	0.64

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