SHE:000789 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	4,280	4,535	5,891	8,168	11,259	14,158
Other Revenue	20.55	20.55	29.89	22.07	22.32	46.13
Revenue	4,301	4,556	5,921	8,190	11,282	14,205
Revenue Growth (YoY)	-24.67%	-23.06%	-27.71%	-27.40%	-20.58%	13.37%
Cost of Revenue	3,660	3,863	4,895	6,686	9,314	10,319
Gross Profit	640.77	692.74	1,026	1,505	1,968	3,886
Selling, General & Admin	645.23	656.61	734.81	799.61	1,004	810.88
Research & Development	28.96	12.33	50.26	35.95	23.62	24.98
Other Operating Expenses	60.63	60.87	82.38	70.37	54.19	34.11
Operating Expenses	808.31	803.29	904.15	988.36	1,172	892.82
Operating Income	-167.53	-110.55	122.28	516.19	795.85	2,993
Interest Expense	-105.47	-105.47	-110.62	-121.94	-103.96	-103.79
Interest & Investment Income	78.13	71.23	92.06	126.48	277.52	255.55
Currency Exchange Gain (Loss)	-0	-0	0	0	-0	-
Other Non Operating Income (Expenses)	-3.87	-4.61	-1.23	-0.03	-8.8	-2.76
EBT Excluding Unusual Items	-198.75	-149.41	102.49	520.7	960.61	3,142
Impairment of Goodwill	-37.73	-37.73	-11.15	-15.73	-12.61	-48.95
Gain (Loss) on Sale of Investments	-15.7	-13.63	-16.75	17.6	-97.39	-96.28
Gain (Loss) on Sale of Assets	207.43	254.27	18.19	2.43	-6.31	27.37
Asset Writedown	-13.89	-13.42	-46.48	-56.48	-107.7	-3.59
Other Unusual Items	32.88	32.88	72.44	40.04	64.95	15.26
Pretax Income	-25.75	72.96	118.74	508.55	801.56	3,035
Income Tax Expense	79.91	101.37	99.53	193.62	217.07	728.02
Earnings From Continuing Operations	-105.67	-28.4	19.2	314.93	584.49	2,307
Minority Interest in Earnings	79.15	57.42	-6.04	-86.34	-195.92	-714.19
Net Income	-26.52	29.02	13.17	228.59	388.57	1,593
Net Income to Common	-26.52	29.02	13.17	228.59	388.57	1,593
Net Income Growth	-	120.35%	-94.24%	-41.17%	-75.61%	7.61%
Shares Outstanding (Basic)	774	768	797	797	797	797
Shares Outstanding (Diluted)	774	768	797	797	817	836
Shares Change (YoY)	-2.15%	-3.74%	0.01%	-2.39%	-2.30%	-0.17%
EPS (Basic)	-0.03	0.04	0.02	0.29	0.49	2.00
EPS (Diluted)	-0.03	0.04	0.02	0.29	0.48	1.91
EPS Growth	-	129.09%	-94.25%	-39.73%	-75.04%	7.80%
Free Cash Flow	109.54	370.79	507.78	158.16	-178.97	647.32
Free Cash Flow Per Share	0.14	0.48	0.64	0.20	-0.22	0.77
Dividend Per Share	0.150	0.150	0.150	0.090	0.260	0.800
Dividend Growth	-	-	66.67%	-65.39%	-67.50%	14.29%
Gross Margin	14.90%	15.21%	17.34%	18.37%	17.44%	27.35%
Operating Margin	-3.90%	-2.43%	2.07%	6.30%	7.05%	21.07%
Profit Margin	-0.62%	0.64%	0.22%	2.79%	3.44%	11.22%
Free Cash Flow Margin	2.55%	8.14%	8.58%	1.93%	-1.59%	4.56%
EBITDA	375.49	437.74	691.59	1,075	1,361	3,527
EBITDA Margin	8.73%	9.61%	11.68%	13.12%	12.06%	24.83%
D&A For EBITDA	543.03	548.28	569.31	558.34	565.21	534.61
EBIT	-167.53	-110.55	122.28	516.19	795.85	2,993
EBIT Margin	-3.90%	-2.43%	2.07%	6.30%	7.05%	21.07%
Effective Tax Rate	-	138.93%	83.83%	38.07%	27.08%	23.98%
Revenue as Reported	4,556	4,556	5,921	8,190	11,282	14,205
Advertising Expenses	-	2.39	2.69	4.84	3.52	6

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