SHE:000612 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	6,288	6,244	5,929	6,344	4,461
Other Revenue	207.18	221.65	257.66	332.3	457.39
Revenue	6,495	6,465	6,187	6,676	4,918
Revenue Growth (YoY)	0.46%	4.50%	-7.33%	35.75%	3.66%
Cost of Revenue	5,039	5,784	5,587	6,689	4,117
Gross Profit	1,455	681.34	599.08	-13.04	800.79
Selling, General & Admin	124.93	94.67	60.37	118.47	92.55
Research & Development	5.93	4.05	0.03	-	-
Other Operating Expenses	74.91	57.68	59.96	46.19	53.89
Operating Expenses	205.75	156.4	120.33	163.93	137.96
Operating Income	1,250	524.94	478.75	-176.97	662.82
Interest Expense	-16.31	-26.15	-54.85	-57.21	-53.57
Interest & Investment Income	177.39	277.99	276.69	437.94	148.36
Other Non Operating Income (Expenses)	-9.28	-28.45	-0.57	-0.14	-7.03
EBT Excluding Unusual Items	1,402	748.32	700.02	203.61	750.58
Gain (Loss) on Sale of Investments	-	-0.04	-0.19	0.23	1.11
Gain (Loss) on Sale of Assets	-14.95	-35.03	-4.32	0.31	0.57
Asset Writedown	-	-	-	-28.92	-13.25
Other Unusual Items	1.3	-2.74	4.44	99.15	-277.57
Pretax Income	1,388	710.51	699.94	274.38	461.43
Income Tax Expense	316.75	121.82	106.89	-28.7	64.81
Net Income	1,071	588.7	593.05	303.08	396.62
Net Income to Common	1,071	588.7	593.05	303.08	396.62
Net Income Growth	81.95%	-0.73%	95.67%	-23.58%	-30.16%
Shares Outstanding (Basic)	1,193	1,192	1,193	1,193	1,191
Shares Outstanding (Diluted)	1,193	1,192	1,193	1,193	1,191
Shares Change (YoY)	0.09%	-0.13%	0.00%	0.18%	-0.17%
EPS (Basic)	0.90	0.49	0.50	0.25	0.33
EPS (Diluted)	0.90	0.49	0.50	0.25	0.33
EPS Growth	81.78%	-0.60%	95.67%	-23.72%	-30.04%
Free Cash Flow	944.24	830.36	801.52	506.23	47.2
Free Cash Flow Per Share	0.79	0.70	0.67	0.42	0.04
Dividend Per Share	0.325	0.130	0.140	0.070	0.090
Dividend Growth	150.00%	-7.14%	100.00%	-22.22%	80.00%
Gross Margin	22.41%	10.54%	9.68%	-0.19%	16.28%
Operating Margin	19.24%	8.12%	7.74%	-2.65%	13.48%
Profit Margin	16.49%	9.11%	9.59%	4.54%	8.06%
Free Cash Flow Margin	14.54%	12.84%	12.96%	7.58%	0.96%
EBITDA	1,438	713.41	671.51	35.48	886.62
EBITDA Margin	22.13%	11.04%	10.85%	0.53%	18.03%
D&A For EBITDA	187.87	188.47	192.75	212.45	223.8
EBIT	1,250	524.94	478.75	-176.97	662.82
EBIT Margin	19.24%	8.12%	7.74%	-2.65%	13.48%
Effective Tax Rate	22.82%	17.14%	15.27%	-	14.05%
Revenue as Reported	6,495	6,465	6,187	6,676	4,918
Advertising Expenses	0.8	0.19	-	-	-

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