SHE:000900 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	6,557	5,884	5,556	7,851	15,794	15,696
Other Revenue	590.89	595.36	588.17	615.92	579.47	402.74
Revenue	7,148	6,480	6,144	8,467	16,374	16,099
Revenue Growth (YoY)	13.41%	5.46%	-27.43%	-48.29%	1.71%	12.51%
Cost of Revenue	4,958	4,406	4,089	5,947	14,049	14,229
Gross Profit	2,190	2,074	2,055	2,520	2,324	1,870
Selling, General & Admin	450.05	459.3	479	510.74	491.86	642.2
Research & Development	27.11	27.28	26.36	26.48	13.12	10.91
Other Operating Expenses	23.72	22.25	22.8	5.89	-7.2	12.79
Operating Expenses	504.91	511.24	555.02	582.2	504.83	667.27
Operating Income	1,685	1,562	1,500	1,938	1,820	1,203
Interest Expense	-960.69	-956.76	-1,143	-1,296	-1,420	-1,117
Interest & Investment Income	-	35.4	535.87	125.57	185.1	863.04
Currency Exchange Gain (Loss)	-0.1	-0.1	1.58	5.84	1.26	2.21
Other Non Operating Income (Expenses)	-32	-34.59	-8.8	-12.19	-11.18	-2.3
EBT Excluding Unusual Items	692.71	606.24	886.19	761.15	574.51	949.06
Impairment of Goodwill	-1.08	-1.08	-	-0.48	-	-
Gain (Loss) on Sale of Investments	53.07	140.98	-85.92	38.58	34.57	-155.48
Gain (Loss) on Sale of Assets	-1.09	-1.09	6.24	1.34	0.09	0.02
Asset Writedown	-39.82	-42.18	-212.77	-10.7	-10.46	-0.21
Other Unusual Items	13.99	13.99	10.04	12.48	3.65	14.57
Pretax Income	717.78	716.87	603.78	802.36	602.36	807.95
Income Tax Expense	206.04	208.58	260.82	214.82	145.69	210.47
Earnings From Continuing Operations	511.75	508.29	342.96	587.54	456.68	597.49
Minority Interest in Earnings	-117.32	-103.75	-2.14	-44.84	-23.95	26.56
Net Income	394.43	404.54	340.82	542.69	432.72	624.05
Net Income to Common	394.43	404.54	340.82	542.69	432.72	624.05
Net Income Growth	20.76%	18.70%	-37.20%	25.41%	-30.66%	18.89%
Shares Outstanding (Basic)	1,689	1,689	1,781	1,705	1,599	1,522
Shares Outstanding (Diluted)	1,689	1,689	1,781	1,705	1,599	1,522
Shares Change (YoY)	-5.16%	-5.14%	4.44%	6.66%	5.02%	1.49%
EPS (Basic)	0.23	0.24	0.19	0.32	0.27	0.41
EPS (Diluted)	0.23	0.24	0.19	0.32	0.27	0.41
EPS Growth	27.33%	25.13%	-39.87%	17.58%	-33.98%	17.14%
Free Cash Flow	2,191	2,825	2,001	1,586	2,754	3,120
Free Cash Flow Per Share	1.30	1.67	1.12	0.93	1.72	2.05
Dividend Per Share	0.160	0.160	0.150	0.150	0.100	0.160
Dividend Growth	6.67%	6.67%	-	50.00%	-37.50%	-
Gross Margin	30.64%	32.00%	33.45%	29.76%	14.20%	11.62%
Operating Margin	23.58%	24.11%	24.42%	22.89%	11.11%	7.47%
Profit Margin	5.52%	6.24%	5.55%	6.41%	2.64%	3.88%
Free Cash Flow Margin	30.66%	43.59%	32.57%	18.74%	16.82%	19.38%
EBITDA	2,761	2,644	2,606	2,984	2,721	1,885
EBITDA Margin	38.62%	40.80%	42.41%	35.25%	16.61%	11.71%
D&A For EBITDA	1,075	1,081	1,105	1,047	901.02	681.97
EBIT	1,685	1,562	1,500	1,938	1,820	1,203
EBIT Margin	23.58%	24.11%	24.42%	22.89%	11.11%	7.47%
Effective Tax Rate	28.71%	29.10%	43.20%	26.77%	24.19%	26.05%
Revenue as Reported	7,148	6,480	6,144	8,467	-	16,099
Advertising Expenses	-	0.01	-	-	-	-

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