SHE:000625 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	157,539	158,993	155,996	148,183	117,565	102,696
Other Revenue	5,006	5,006	3,737	3,115	3,688	2,446
Revenue	162,546	164,000	159,733	151,298	121,253	105,142
Revenue Growth (YoY)	3.62%	2.67%	5.58%	24.78%	15.32%	24.33%
Cost of Revenue	137,392	138,714	135,983	125,439	96,695	87,828
Gross Profit	25,153	25,286	23,750	25,859	24,558	17,314
Selling, General & Admin	14,065	14,516	11,940	10,075	8,671	8,145
Research & Development	7,029	7,158	6,505	5,980	4,315	3,515
Other Operating Expenses	2,875	2,773	3,852	4,758	4,102	3,972
Operating Expenses	23,948	24,433	22,319	21,098	17,238	15,702
Operating Income	1,206	852.34	1,431	4,761	7,320	1,612
Interest Expense	-421.63	-106.58	-118.24	-65.66	-48.68	-45.16
Interest & Investment Income	-	1,100	1,348	4,223	1,014	1,883
Currency Exchange Gain (Loss)	-	-	-	-	79.1	-16.41
Other Non Operating Income (Expenses)	1,391	1,406	24.75	-207.84	-29.19	-22.32
EBT Excluding Unusual Items	2,175	3,252	2,685	8,710	8,336	3,411
Gain (Loss) on Sale of Investments	-254.6	-259.81	-27.46	-19.06	-765.39	42.08
Gain (Loss) on Sale of Assets	157.52	173.69	2,550	441	74.86	745.6
Asset Writedown	-16.05	-16.74	-78.38	-328.87	-541.14	-797.97
Other Unusual Items	766.06	708.16	1,627	1,786	604.34	420.26
Pretax Income	2,828	3,857	6,758	10,589	7,708	3,821
Income Tax Expense	655.96	689.95	653.35	1,087	-36.77	216.39
Earnings From Continuing Operations	2,172	3,167	6,104	9,502	7,745	3,604
Minority Interest in Earnings	901.45	907.73	1,217	1,826	53.76	-51.75
Net Income	3,073	4,075	7,321	11,327	7,799	3,552
Net Income to Common	3,073	4,075	7,321	11,327	7,799	3,552
Net Income Growth	-59.11%	-44.34%	-35.37%	45.25%	119.53%	6.87%
Shares Outstanding (Basic)	9,715	9,940	9,894	9,850	9,748	9,824
Shares Outstanding (Diluted)	9,715	9,940	9,894	10,024	9,998	9,926
Shares Change (YoY)	-1.84%	0.46%	-1.30%	0.26%	0.73%	11.22%
EPS (Basic)	0.32	0.41	0.74	1.15	0.80	0.36
EPS (Diluted)	0.32	0.41	0.74	1.13	0.78	0.36
EPS Growth	-58.35%	-44.59%	-34.51%	44.87%	117.94%	-3.92%
Free Cash Flow	-10,984	-2,843	-18.71	17,037	4,261	20,962
Free Cash Flow Per Share	-1.13	-0.29	-0.00	1.70	0.43	2.11
Dividend Per Share	0.165	0.165	0.295	0.343	0.236	0.179
Dividend Growth	-44.07%	-44.07%	-13.99%	45.34%	31.70%	6.60%
Gross Margin	15.47%	15.42%	14.87%	17.09%	20.25%	16.47%
Operating Margin	0.74%	0.52%	0.90%	3.15%	6.04%	1.53%
Profit Margin	1.89%	2.48%	4.58%	7.49%	6.43%	3.38%
Free Cash Flow Margin	-6.76%	-1.73%	-0.01%	11.26%	3.51%	19.94%
EBITDA	7,425	6,969	7,135	9,985	11,203	5,560
EBITDA Margin	4.57%	4.25%	4.47%	6.60%	9.24%	5.29%
D&A For EBITDA	6,220	6,116	5,704	5,224	3,883	3,948
EBIT	1,206	852.34	1,431	4,761	7,320	1,612
EBIT Margin	0.74%	0.52%	0.90%	3.15%	6.04%	1.53%
Effective Tax Rate	23.20%	17.89%	9.67%	10.27%	-	5.66%
Revenue as Reported	164,000	164,000	159,733	151,298	-	-
Advertising Expenses	-	3,346	2,456	2,685	1,761	1,873

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