SHE:000708 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	96,841	97,187	96,659	101,762	85,775	82,910
Other Revenue	10,187	10,187	12,544	12,257	12,569	15,683
Revenue	107,028	107,373	109,203	114,019	98,345	98,593
Revenue Growth (YoY)	-0.55%	-1.68%	-4.22%	15.94%	-0.25%	29.24%
Cost of Revenue	91,690	92,151	95,809	99,569	84,171	82,348
Gross Profit	15,337	15,222	13,394	14,450	14,174	16,245
Selling, General & Admin	2,714	2,719	2,560	2,632	1,816	2,057
Research & Development	4,329	4,403	4,602	4,452	3,851	3,487
Other Operating Expenses	415.4	302.51	-347.99	505.7	515.4	429.2
Operating Expenses	7,656	7,621	6,948	7,582	6,189	5,982
Operating Income	7,682	7,601	6,445	6,868	7,985	10,263
Interest Expense	-813.91	-846.75	-1,003	-1,048	-536.18	-609.49
Interest & Investment Income	536.41	541.83	380.91	279.48	181.93	168.66
Currency Exchange Gain (Loss)	33.19	33.19	87.76	106.27	39.05	-4.52
Other Non Operating Income (Expenses)	-105.63	-54.03	-44.55	-36.9	111.52	-220.13
EBT Excluding Unusual Items	7,332	7,275	5,866	6,168	7,781	9,598
Gain (Loss) on Sale of Investments	2.04	-	-	-39.06	-474.03	-291.18
Gain (Loss) on Sale of Assets	16.76	14.84	3.68	115.23	990.35	51.69
Asset Writedown	-259.01	-259.01	-121.04	-36.02	-77.24	-179.2
Other Unusual Items	158.6	158.6	174.59	349.97	208.78	119.27
Pretax Income	7,250	7,190	5,924	6,559	8,429	9,298
Income Tax Expense	1,117	1,133	565.16	660.52	1,320	1,513
Earnings From Continuing Operations	6,133	6,057	5,358	5,898	7,109	7,786
Minority Interest in Earnings	-76.4	-128.22	-232.81	-176.86	-3.89	-7.93
Net Income	6,056	5,929	5,126	5,721	7,105	7,778
Net Income to Common	6,056	5,929	5,126	5,721	7,105	7,778
Net Income Growth	17.61%	15.67%	-10.41%	-19.48%	-8.64%	28.94%
Shares Outstanding (Basic)	5,048	5,047	5,047	5,047	5,047	5,047
Shares Outstanding (Diluted)	5,276	5,272	5,265	5,260	5,219	5,047
Shares Change (YoY)	0.23%	0.13%	0.10%	0.78%	3.41%	-
EPS (Basic)	1.20	1.17	1.02	1.13	1.41	1.54
EPS (Diluted)	1.17	1.15	1.00	1.11	1.38	1.54
EPS Growth	16.98%	15.20%	-10.21%	-19.51%	-10.36%	28.85%
Free Cash Flow	15,012	13,866	10,189	8,661	11,646	10,421
Free Cash Flow Per Share	2.85	2.63	1.94	1.65	2.23	2.06
Dividend Per Share	0.646	0.646	0.507	0.565	0.700	0.800
Dividend Growth	27.36%	27.36%	-10.17%	-19.33%	-12.50%	14.29%
Gross Margin	14.33%	14.18%	12.26%	12.67%	14.41%	16.48%
Operating Margin	7.18%	7.08%	5.90%	6.02%	8.12%	10.41%
Profit Margin	5.66%	5.52%	4.69%	5.02%	7.22%	7.89%
Free Cash Flow Margin	14.03%	12.91%	9.33%	7.60%	11.84%	10.57%
EBITDA	12,548	12,502	11,486	11,549	11,253	13,350
EBITDA Margin	11.72%	11.64%	10.52%	10.13%	11.44%	13.54%
D&A For EBITDA	4,866	4,901	5,040	4,681	3,268	3,087
EBIT	7,682	7,601	6,445	6,868	7,985	10,263
EBIT Margin	7.18%	7.08%	5.90%	6.02%	8.12%	10.41%
Effective Tax Rate	15.41%	15.76%	9.54%	10.07%	15.66%	16.27%
Revenue as Reported	107,028	107,373	109,203	114,019	98,345	98,593
Advertising Expenses	-	20.56	21.89	23.66	19.39	24.41

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