SHE:000425 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	Dec '21 Dec 31, 2021
Operating Revenue	101,668	99,143	90,958	88,282	90,285	110,499
Other Revenue	1,679	1,679	2,079	4,567	3,533	6,297
Revenue	103,347	100,823	93,037	92,848	93,817	116,796
Revenue Growth (YoY)	7.51%	8.37%	0.20%	-1.03%	-19.68%	57.90%
Cost of Revenue	80,749	78,810	72,632	74,256	75,363	92,112
Gross Profit	22,598	22,013	20,405	18,592	18,454	24,684
Selling, General & Admin	8,629	8,877	8,158	7,870	8,997	11,781
Research & Development	4,469	4,240	3,825	4,000	4,082	4,029
Other Operating Expenses	215.6	129.47	-523.64	323.08	321.5	-24.9
Operating Expenses	13,912	14,021	11,689	13,119	13,840	16,329
Operating Income	8,686	7,992	8,716	5,473	4,614	8,355
Interest Expense	-1,114	-1,141	-1,393	-1,653	-1,533	-1,417
Interest & Investment Income	783.02	707.57	445.75	634.86	1,106	1,887
Currency Exchange Gain (Loss)	-213.09	-213.09	-964.54	358	903.63	-179.54
Other Non Operating Income (Expenses)	-870.09	19.91	-77.88	138.31	-156.73	-27.03
EBT Excluding Unusual Items	7,271	7,365	6,726	4,951	4,935	8,618
Impairment of Goodwill	-	-	-	-	-1.68	-
Gain (Loss) on Sale of Investments	-230.71	-179.76	-58.67	174.84	-70.29	337.67
Gain (Loss) on Sale of Assets	7.99	-25.23	-10.03	4.99	-6.33	-41.21
Asset Writedown	-112.78	-58.39	2.78	-77.98	-121.51	-107.55
Legal Settlements	-	-	-	-	-83.63	-
Other Unusual Items	156.72	156.72	17.8	625.27	361.55	422.91
Pretax Income	7,093	7,258	6,678	5,678	5,013	9,230
Income Tax Expense	382.97	572.36	596.56	441.54	711.05	966.35
Earnings From Continuing Operations	6,710	6,686	6,082	5,236	4,302	8,264
Minority Interest in Earnings	-119.83	-113.67	-49.97	90.37	10.76	-55.6
Net Income	6,590	6,572	6,032	5,326	4,312	8,208
Net Income to Common	6,590	6,572	6,032	5,326	4,312	8,208
Net Income Growth	1.85%	8.96%	13.24%	23.51%	-47.46%	120.12%
Shares Outstanding (Basic)	11,505	11,530	11,827	11,837	11,979	11,896
Shares Outstanding (Diluted)	11,505	11,530	11,827	11,837	11,979	11,896
Shares Change (YoY)	-2.72%	-2.51%	-0.08%	-1.19%	0.70%	43.72%
EPS (Basic)	0.57	0.57	0.51	0.45	0.36	0.69
EPS (Diluted)	0.57	0.57	0.51	0.45	0.36	0.69
EPS Growth	4.70%	11.77%	13.33%	25.00%	-47.83%	53.16%
Free Cash Flow	11,299	10,006	2,741	-2,396	-6,403	4,476
Free Cash Flow Per Share	0.98	0.87	0.23	-0.20	-0.53	0.38
Dividend Per Share	0.200	0.200	0.180	0.180	0.380	-
Dividend Growth	11.11%	11.11%	-	-52.63%	-	-
Gross Margin	21.87%	21.83%	21.93%	20.02%	19.67%	21.13%
Operating Margin	8.40%	7.93%	9.37%	5.89%	4.92%	7.15%
Profit Margin	6.38%	6.52%	6.48%	5.74%	4.60%	7.03%
Free Cash Flow Margin	10.93%	9.92%	2.95%	-2.58%	-6.83%	3.83%
EBITDA	11,952	11,406	12,723	9,420	8,163	11,326
EBITDA Margin	11.56%	11.31%	13.68%	10.15%	8.70%	9.70%
D&A For EBITDA	3,266	3,414	4,007	3,947	3,549	2,971
EBIT	8,686	7,992	8,716	5,473	4,614	8,355
EBIT Margin	8.40%	7.93%	9.37%	5.89%	4.92%	7.15%
Effective Tax Rate	5.40%	7.89%	8.93%	7.78%	14.19%	10.47%
Revenue as Reported	103,347	100,823	93,037	92,848	93,817	116,796
Advertising Expenses	-	259.99	183.66	186.26	152.68	188.3

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