SHE:000768 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	Jun '26 Jun 30, 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	35,456	40,718	42,890	40,013	37,398	32,443
Other Revenue	327.33	296.12	325.35	288.45	262.11	257.17
Revenue	35,784	41,014	43,216	40,301	37,660	32,700
Revenue Growth	-15.41%	-5.10%	7.23%	7.01%	15.17%	-2.34%
Cost of Revenue	33,317	38,297	40,779	38,040	35,088	30,363
Gross Profit	2,466	2,716	2,436	2,262	2,572	2,337
Selling, General & Admin	985.37	1,067	1,299	887.86	1,248	1,163
Research & Development	262.23	274.77	266.33	243.78	308.86	237.01
Other Operating Expenses	176.46	164	-96.3	293.25	487.28	86.96
Operating Expenses	1,486	1,618	1,482	1,598	2,062	1,624
Operating Income	979.78	1,098	953.93	663.7	509.87	712.48
Interest Expense	-43.98	-16.31	-33.57	-41.07	-198.35	-150.53
Interest & Investment Income	152.21	211.16	152.69	343.34	288.76	218.34
Currency Exchange Gain (Loss)	-81.82	-32.73	25.79	8.17	57.67	-4.25
Other Non Operating Income (Expenses)	-1.29	-1.83	-6.33	-8.03	-48.35	-37.24
EBT Excluding Unusual Items	1,005	1,259	1,093	966.11	609.59	738.8
Gain (Loss) on Sale of Investments	-9.02	18.42	26.72	12.51	-127.54	3.49
Gain (Loss) on Sale of Assets	-0.01	0.01	0.59	-0.01	0.92	0.6
Asset Writedown	-3.37	-2.54	-2.21	-6.47	0.76	-5.14
Other Unusual Items	113.13	57.22	73.67	47.03	118.8	50.49
Pretax Income	1,108	1,333	1,195	1,021	607.95	790.01
Income Tax Expense	153.2	181.56	171.8	160.3	84.28	137.1
Earnings From Continuing Operations	955.27	1,151	1,023	860.97	523.67	652.91
Minority Interest in Earnings	-3.21	-	-	-	-	-
Net Income	952.06	1,151	1,023	860.97	523.67	652.91
Net Income to Common	952.06	1,151	1,023	860.97	523.67	652.91
Net Income Growth	-9.77%	12.49%	18.87%	64.41%	-19.79%	-16.01%
Shares Outstanding (Basic)	2,776	2,775	2,772	2,773	2,769	2,769
Shares Outstanding (Diluted)	2,777	2,776	2,773	2,773	2,769	2,769
Shares Change	0.12%	0.12%	-0.00%	0.13%	0.01%	0.02%
EPS (Basic)	0.34	0.41	0.37	0.31	0.19	0.24
EPS (Diluted)	0.34	0.41	0.37	0.31	0.19	0.24
EPS Growth	-9.88%	12.35%	18.87%	64.20%	-19.80%	-16.03%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	2,009	-9,263	-1,461	-6,686	28,412	-15,621
Free Cash Flow Per Share	0.72	-3.34	-0.53	-2.41	10.26	-5.64
Dividend Per Share	0.150	0.150	0.120	0.100	0.100	0.085
Dividend Growth	25.00%	25.00%	20.00%	0%	17.65%	0%
Gross Margin	6.89%	6.62%	5.64%	5.61%	6.83%	7.15%
Operating Margin	2.74%	2.68%	2.21%	1.65%	1.35%	2.18%
Profit Margin	2.66%	2.81%	2.37%	2.14%	1.39%	2.00%
Free Cash Flow Margin	5.61%	-22.59%	-3.38%	-16.59%	75.44%	-47.77%
EBITDA	1,938	2,083	2,066	1,823	1,723	1,918
EBITDA Margin	5.42%	5.08%	4.78%	4.52%	4.57%	5.87%
D&A For EBITDA	958.52	984.68	1,112	1,160	1,213	1,206
EBIT	979.78	1,098	953.93	663.7	509.87	712.48
EBIT Margin	2.74%	2.68%	2.21%	1.65%	1.35%	2.18%
Effective Tax Rate	13.82%	13.62%	14.37%	15.70%	13.86%	17.35%
Revenue as Reported	35,784	41,014	43,216	40,301	37,660	32,700
Advertising Expenses	-	-	-	-	7.29	7.23