SHE:000672 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	4,462	4,692	5,426	6,380	7,110	8,304
Other Revenue	-	-	22.6	16.75	24.84	10.54
Revenue	4,462	4,692	5,448	6,397	7,135	8,315
Revenue Growth (YoY)	-18.73%	-13.87%	-14.83%	-10.34%	-14.19%	29.26%
Cost of Revenue	3,190	3,337	4,036	4,681	4,736	4,692
Gross Profit	1,272	1,356	1,413	1,716	2,399	3,623
Selling, General & Admin	572.83	595.13	648.78	798.56	718.72	611.59
Research & Development	115.07	111.6	125.89	147.64	202.68	180.66
Other Operating Expenses	-4.04	-9.92	-16.38	-2.48	22.79	40.32
Operating Expenses	683.86	696.81	763.71	944.44	941.54	830.78
Operating Income	588.24	658.98	649.07	771.77	1,457	2,792
Interest Expense	-	-	-185.28	-156.08	-114.86	-119.39
Interest & Investment Income	1.33	-	135.87	160.5	162.37	231.16
Currency Exchange Gain (Loss)	-	-	7.74	-3.59	11.47	-6.73
Other Non Operating Income (Expenses)	-104.36	-103.41	-8.67	-6.89	-13.04	-6.79
EBT Excluding Unusual Items	485.21	555.57	598.74	765.71	1,503	2,890
Merger & Restructuring Charges	-	-	-	-	-	-50.89
Impairment of Goodwill	-	-	-	-3.16	-1.81	-1.59
Gain (Loss) on Sale of Investments	236.98	241.87	145.56	158.8	-263.7	-91.54
Gain (Loss) on Sale of Assets	60.12	60.65	-0.15	0.14	0.05	2.04
Asset Writedown	0.01	0.01	-0.43	-1.31	-0.45	-0.28
Other Unusual Items	-	-	12.68	12.28	5.63	24.92
Pretax Income	782.31	858.11	756.41	932.46	1,243	2,773
Income Tax Expense	198.69	216.54	164.45	231.08	283.84	521.2
Earnings From Continuing Operations	583.62	641.57	591.95	701.38	959.24	2,252
Minority Interest in Earnings	6	-3.92	35.5	42.91	-10.37	-76.55
Net Income	589.62	637.64	627.45	744.29	948.87	2,175
Net Income to Common	589.62	637.64	627.45	744.29	948.87	2,175
Net Income Growth	-14.89%	1.62%	-15.70%	-21.56%	-56.38%	7.37%
Shares Outstanding (Basic)	982	938	948	953	958	958
Shares Outstanding (Diluted)	982	938	948	953	958	962
Shares Change (YoY)	-0.88%	-1.05%	-0.52%	-0.60%	-0.43%	0.16%
EPS (Basic)	0.60	0.68	0.66	0.78	0.99	2.27
EPS (Diluted)	0.60	0.68	0.66	0.78	0.99	2.26
EPS Growth	-14.14%	2.70%	-15.26%	-21.09%	-56.19%	7.20%
Free Cash Flow	744.47	814.02	793.87	201.66	-89.18	1,724
Free Cash Flow Per Share	0.76	0.87	0.84	0.21	-0.09	1.79
Dividend Per Share	-	-	0.630	0.400	0.350	0.667
Dividend Growth	-	-	57.50%	14.29%	-47.50%	-5.87%
Gross Margin	28.51%	28.89%	25.93%	26.83%	33.62%	43.57%
Operating Margin	13.18%	14.04%	11.91%	12.06%	20.43%	33.58%
Profit Margin	13.21%	13.59%	11.52%	11.63%	13.30%	26.16%
Free Cash Flow Margin	16.68%	17.35%	14.57%	3.15%	-1.25%	20.74%
EBITDA	1,170	1,256	1,308	1,390	1,979	3,332
EBITDA Margin	26.22%	26.77%	24.00%	21.73%	27.74%	40.08%
D&A For EBITDA	581.89	597.24	658.67	618.31	521.73	540.12
EBIT	588.24	658.98	649.07	771.77	1,457	2,792
EBIT Margin	13.18%	14.04%	11.91%	12.06%	20.43%	33.58%
Effective Tax Rate	25.40%	25.23%	21.74%	24.78%	22.83%	18.80%
Revenue as Reported	-	-	5,448	6,397	7,135	8,315
Advertising Expenses	-	-	-	-	1.32	0.87

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