SHE:000829 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	Jan '22 Jan 1, 2022
Operating Revenue	97,267	90,453	83,988	94,794	76,397	70,961
Other Revenue	116.76	116.76	50.06	31.26	29.96	38.84
Revenue	97,383	90,570	84,038	94,825	76,427	71,000
Revenue Growth (YoY)	21.32%	7.77%	-11.38%	24.07%	7.64%	18.76%
Cost of Revenue	94,405	87,759	81,612	92,207	73,770	68,676
Gross Profit	2,978	2,811	2,426	2,618	2,657	2,323
Selling, General & Admin	2,329	2,180	1,666	1,731	1,737	1,489
Research & Development	65.88	72.3	76.82	78.28	74.04	86.72
Other Operating Expenses	97.64	94.49	95.35	78.54	38.87	46.42
Operating Expenses	2,474	2,324	1,846	1,880	1,919	1,630
Operating Income	503.99	487.34	579.79	737.99	737.85	693.1
Interest Expense	-480.85	-480.23	-622.88	-656.4	-567.75	-349.95
Interest & Investment Income	39.82	42.86	66.8	83.24	57.71	37.95
Currency Exchange Gain (Loss)	-3.65	-3.65	5.25	16.12	29.78	-7.87
Other Non Operating Income (Expenses)	-75.24	-64.23	-38.86	-42.38	-53.76	-32.91
EBT Excluding Unusual Items	-15.65	-17.91	-9.9	138.56	203.83	340.33
Impairment of Goodwill	-	-	-	-	-	-45.99
Gain (Loss) on Sale of Investments	1.58	3.35	93.71	-41.91	-6.49	-7.06
Gain (Loss) on Sale of Assets	1.35	1.36	0.09	-0.12	0.28	-0.06
Asset Writedown	-0.75	-0.66	-0.18	-0.38	-0.15	-0.12
Other Unusual Items	82.73	60.26	49.42	64.76	0.91	19.13
Pretax Income	69.25	46.4	133.14	160.92	198.39	306.22
Income Tax Expense	48.6	35.27	74.78	57.67	74.8	109.01
Earnings From Continuing Operations	20.66	11.13	58.37	103.25	123.59	197.2
Minority Interest in Earnings	-39.05	-32.66	-27.18	-19.59	-12.67	9.62
Net Income	-18.39	-21.53	31.18	83.66	110.92	206.82
Net Income to Common	-18.39	-21.53	31.18	83.66	110.92	206.82
Net Income Growth	-	-	-62.72%	-24.58%	-46.37%	11.14%
Shares Outstanding (Basic)	1,025	1,025	1,026	1,025	1,025	1,034
Shares Outstanding (Diluted)	1,025	1,025	1,026	1,025	1,025	1,034
Shares Change (YoY)	-0.07%	-0.05%	0.06%	0.01%	-0.87%	0.03%
EPS (Basic)	-0.02	-0.02	0.03	0.08	0.11	0.20
EPS (Diluted)	-0.02	-0.02	0.03	0.08	0.11	0.20
EPS Growth	-	-	-62.74%	-24.58%	-45.90%	11.11%
Free Cash Flow	-2,144	232.55	-640.01	3,516	-4,319	-4,314
Free Cash Flow Per Share	-2.09	0.23	-0.62	3.43	-4.21	-4.17
Dividend Per Share	-	-	0.010	0.025	0.032	0.061
Dividend Growth	-	-	-60.00%	-21.88%	-47.54%	10.91%
Gross Margin	3.06%	3.10%	2.89%	2.76%	3.48%	3.27%
Operating Margin	0.52%	0.54%	0.69%	0.78%	0.97%	0.98%
Profit Margin	-0.02%	-0.02%	0.04%	0.09%	0.14%	0.29%
Free Cash Flow Margin	-2.20%	0.26%	-0.76%	3.71%	-5.65%	-6.08%
EBITDA	537.8	524.13	628.5	811.41	823.09	779.87
EBITDA Margin	0.55%	0.58%	0.75%	0.86%	1.08%	1.10%
D&A For EBITDA	33.81	36.79	48.71	73.42	85.24	86.78
EBIT	503.99	487.34	579.79	737.99	737.85	693.1
EBIT Margin	0.52%	0.54%	0.69%	0.78%	0.97%	0.98%
Effective Tax Rate	70.17%	76.02%	56.16%	35.84%	37.70%	35.60%
Revenue as Reported	97,383	90,570	84,038	94,825	76,427	71,000
Advertising Expenses	-	210.93	287.84	347.06	446.43	272.51

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