SHE:000523 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	2,119	2,037	2,613	2,625	2,573
Other Revenue	-	15.95	15.98	11.5	12.55
Revenue	2,119	2,053	2,629	2,637	2,586
Revenue Growth (YoY)	3.21%	-21.91%	-0.29%	1.99%	-22.01%
Cost of Revenue	1,812	1,789	2,303	2,338	2,222
Gross Profit	306.84	264.32	326.57	298.87	363.16
Selling, General & Admin	203.96	152.59	201.86	273.05	379.79
Research & Development	9.07	4.61	20.57	39.33	54.48
Other Operating Expenses	-11.77	8.72	3.51	10.55	12.87
Operating Expenses	201.25	167.98	230.76	449.73	497.19
Operating Income	105.59	96.34	95.81	-150.86	-134.03
Interest Expense	-	-32.57	-35.02	-40.99	-136.77
Interest & Investment Income	18.38	26.77	48.07	142.22	2,428
Currency Exchange Gain (Loss)	-	0	-0.43	0.53	0.23
Other Non Operating Income (Expenses)	-56.53	-1.09	7.53	-4	-73.31
EBT Excluding Unusual Items	67.44	89.45	115.97	-53.09	2,084
Gain (Loss) on Sale of Investments	2.37	-	-	-1.2	-78.31
Gain (Loss) on Sale of Assets	78.73	54.93	39.64	34.89	-0.09
Asset Writedown	-0.29	-	-	-11.7	-7.22
Legal Settlements	-	-16.49	-110.58	-5.45	-46.88
Other Unusual Items	-	22.31	17.73	14.68	-130.55
Pretax Income	148.25	150.19	62.76	-21.87	1,821
Income Tax Expense	33.88	-394.45	-36.55	11.67	386.97
Earnings From Continuing Operations	114.37	544.65	99.31	-33.54	1,434
Minority Interest in Earnings	-35.01	-31.61	-24.48	-14.62	20.98
Net Income	79.36	513.04	74.83	-48.16	1,455
Net Income to Common	79.36	513.04	74.83	-48.16	1,455
Net Income Growth	-84.53%	585.57%	-	-	-
Shares Outstanding (Basic)	1,820	1,832	1,871	1,605	1,599
Shares Outstanding (Diluted)	1,820	1,832	1,871	1,605	1,599
Shares Change (YoY)	-0.66%	-2.06%	16.55%	0.36%	155.02%
EPS (Basic)	0.04	0.28	0.04	-0.03	0.91
EPS (Diluted)	0.04	0.28	0.04	-0.03	0.91
EPS Growth	-84.43%	600.00%	-	-	-
Free Cash Flow	378.96	76.82	371.47	-389.93	-191.04
Free Cash Flow Per Share	0.21	0.04	0.20	-0.24	-0.12
Gross Margin	14.48%	12.87%	12.42%	11.33%	14.05%
Operating Margin	4.98%	4.69%	3.64%	-5.72%	-5.18%
Profit Margin	3.74%	24.99%	2.85%	-1.83%	56.29%
Free Cash Flow Margin	17.88%	3.74%	14.13%	-14.79%	-7.39%
EBITDA	151.89	134.11	145.71	-91.14	-71.54
EBITDA Margin	7.17%	6.53%	5.54%	-3.46%	-2.77%
D&A For EBITDA	46.3	37.77	49.9	59.72	62.5
EBIT	105.59	96.34	95.81	-150.86	-134.03
EBIT Margin	4.98%	4.69%	3.64%	-5.72%	-5.18%
Effective Tax Rate	22.85%	-	-	-	21.25%
Revenue as Reported	-	2,053	2,629	2,637	2,586
Advertising Expenses	-	4.41	7.38	18.12	41.54

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.