SHE:000523 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	2,092	2,098	2,208	2,613	2,625	2,573
Other Revenue	21.22	21.22	18.86	15.98	11.5	12.55
Revenue	2,113	2,119	2,227	2,629	2,637	2,586
Revenue Growth (YoY)	-4.11%	-4.86%	-15.29%	-0.29%	1.99%	-22.01%
Cost of Revenue	1,809	1,813	1,897	2,303	2,338	2,222
Gross Profit	303.75	306.03	329.85	326.57	298.87	363.16
Selling, General & Admin	216.71	202.8	201.53	201.86	273.05	379.79
Research & Development	8.4	9.07	11.76	20.57	39.33	54.48
Other Operating Expenses	9.03	8.91	-1.78	3.51	10.55	12.87
Operating Expenses	235.96	221.24	213.6	230.76	449.73	497.19
Operating Income	67.79	84.78	116.25	95.81	-150.86	-134.03
Interest Expense	-39.47	-40.28	-33.46	-35.02	-40.99	-136.77
Interest & Investment Income	32.6	37.18	26.83	48.07	142.22	2,428
Currency Exchange Gain (Loss)	0	0	0	-0.43	0.53	0.23
Other Non Operating Income (Expenses)	14.97	-0.18	-2.42	7.53	-4	-73.31
EBT Excluding Unusual Items	75.9	81.51	107.2	115.97	-53.09	2,084
Gain (Loss) on Sale of Investments	2.37	2.37	-	-	-1.2	-78.31
Gain (Loss) on Sale of Assets	90.24	78.54	54.94	39.64	34.89	-0.09
Asset Writedown	-	-	-	-	-11.7	-7.22
Legal Settlements	-53.33	-53.33	-16.49	-110.58	-5.45	-46.88
Other Unusual Items	66.12	39.17	23.52	17.73	14.68	-130.55
Pretax Income	181.29	148.25	169.17	62.76	-21.87	1,821
Income Tax Expense	34.41	33.88	-392.04	-36.55	11.67	386.97
Earnings From Continuing Operations	146.89	114.37	561.22	99.31	-33.54	1,434
Minority Interest in Earnings	-31.97	-35.01	-41.55	-24.48	-14.62	20.98
Net Income	114.92	79.36	519.66	74.83	-48.16	1,455
Net Income to Common	114.92	79.36	519.66	74.83	-48.16	1,455
Net Income Growth	-77.46%	-84.73%	594.43%	-	-	-
Shares Outstanding (Basic)	1,820	1,820	1,856	1,871	1,605	1,599
Shares Outstanding (Diluted)	1,820	1,820	1,856	1,871	1,605	1,599
Shares Change (YoY)	-1.82%	-1.93%	-0.80%	16.55%	0.36%	155.02%
EPS (Basic)	0.06	0.04	0.28	0.04	-0.03	0.91
EPS (Diluted)	0.06	0.04	0.28	0.04	-0.03	0.91
EPS Growth	-77.04%	-84.43%	600.00%	-	-	-
Free Cash Flow	179.22	378.96	64.46	371.47	-389.93	-191.04
Free Cash Flow Per Share	0.10	0.21	0.04	0.20	-0.24	-0.12
Gross Margin	14.37%	14.44%	14.81%	12.42%	11.33%	14.05%
Operating Margin	3.21%	4.00%	5.22%	3.64%	-5.72%	-5.18%
Profit Margin	5.44%	3.74%	23.33%	2.85%	-1.83%	56.29%
Free Cash Flow Margin	8.48%	17.88%	2.89%	14.13%	-14.79%	-7.39%
EBITDA	113.72	130.18	159.54	145.71	-91.14	-71.54
EBITDA Margin	5.38%	6.14%	7.16%	5.54%	-3.46%	-2.77%
D&A For EBITDA	45.92	45.39	43.29	49.9	59.72	62.5
EBIT	67.79	84.78	116.25	95.81	-150.86	-134.03
EBIT Margin	3.21%	4.00%	5.22%	3.64%	-5.72%	-5.18%
Effective Tax Rate	18.98%	22.85%	-	-	-	21.25%
Revenue as Reported	2,113	2,119	2,227	2,629	2,637	2,586
Advertising Expenses	-	12.09	11.19	7.38	18.12	41.54

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