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	Jun '26 Jun 30, 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	6,750	5,884	5,556	7,851	15,794	15,696
Other Revenue	623.04	595.36	588.17	615.92	579.47	402.74
Revenue	7,373	6,480	6,144	8,467	16,374	16,099
Revenue Growth	28.94%	5.46%	-27.43%	-48.29%	1.71%	12.51%
Cost of Revenue	5,124	4,406	4,089	5,947	14,049	14,229
Gross Profit	2,249	2,074	2,055	2,520	2,324	1,870
Selling, General & Admin	457.24	459.3	479	510.74	491.86	642.2
Research & Development	26.93	27.28	26.36	26.48	13.12	10.91
Other Operating Expenses	28.24	22.25	22.8	5.89	-7.2	12.79
Operating Expenses	519.3	511.24	555.02	582.2	504.83	667.27
Operating Income	1,730	1,562	1,500	1,938	1,820	1,203
Interest Expense	-1,051	-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)	-0.22	-0.1	1.58	5.84	1.26	2.21
Other Non Operating Income (Expenses)	-33.78	-34.59	-8.8	-12.19	-11.18	-2.3
EBT Excluding Unusual Items	645.2	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	51.51	140.98	-85.92	38.58	34.57	-155.48
Gain (Loss) on Sale of Assets	-1.73	-1.09	6.24	1.34	0.09	0.02
Asset Writedown	-38.7	-42.18	-212.77	-10.7	-10.46	-0.21
Other Unusual Items	-31.97	13.99	10.04	12.48	3.65	14.57
Pretax Income	623.24	716.87	603.78	802.36	602.36	807.95
Income Tax Expense	176.91	208.58	260.82	214.82	145.69	210.47
Earnings From Continuing Operations	446.34	508.29	342.96	587.54	456.68	597.49
Minority Interest in Earnings	-113.87	-103.75	-2.14	-44.84	-23.95	26.56
Net Income	332.47	404.54	340.82	542.69	432.72	624.05
Net Income to Common	332.47	404.54	340.82	542.69	432.72	624.05
Net Income Growth	-14.59%	18.70%	-37.20%	25.41%	-30.66%	18.89%
Shares Outstanding (Basic)	1,700	1,689	1,781	1,705	1,599	1,522
Shares Outstanding (Diluted)	1,700	1,689	1,781	1,705	1,599	1,522
Shares Change	-0.78%	-5.14%	4.44%	6.66%	5.02%	1.49%
EPS (Basic)	0.20	0.24	0.19	0.32	0.27	0.41
EPS (Diluted)	0.20	0.24	0.19	0.32	0.27	0.41
EPS Growth	-13.92%	25.13%	-39.87%	17.58%	-33.98%	17.14%

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Free Cash Flow	2,558	2,825	2,001	1,586	2,754	3,120
Free Cash Flow Per Share	1.50	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%	0%	50.00%	-37.50%	0%
Gross Margin	30.51%	32.00%	33.45%	29.76%	14.20%	11.62%
Operating Margin	23.46%	24.11%	24.42%	22.89%	11.11%	7.47%
Profit Margin	4.51%	6.24%	5.55%	6.41%	2.64%	3.88%
Free Cash Flow Margin	34.69%	43.59%	32.57%	18.74%	16.82%	19.38%
EBITDA	2,776	2,644	2,606	2,984	2,721	1,885
EBITDA Margin	37.65%	40.80%	42.41%	35.25%	16.61%	11.71%
D&A For EBITDA	1,046	1,081	1,105	1,047	901.02	681.97
EBIT	1,730	1,562	1,500	1,938	1,820	1,203
EBIT Margin	23.46%	24.11%	24.42%	22.89%	11.11%	7.47%
Effective Tax Rate	28.38%	29.10%	43.20%	26.77%	24.19%	26.05%
Revenue as Reported	7,373	6,480	6,144	8,467	-	16,099
Advertising Expenses	-	0.01	-	-	-	-