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	6,212	5,884	5,556	7,851	15,794	15,696
Other Revenue	574.95	595.36	588.17	615.92	579.47	402.74
Revenue	6,787	6,480	6,144	8,467	16,374	16,099
Revenue Growth	7.65%	5.46%	-27.43%	-48.29%	1.71%	12.51%
Cost of Revenue	4,516	4,406	4,089	5,947	14,049	14,229
Gross Profit	2,271	2,074	2,055	2,520	2,324	1,870
Selling, General & Admin	462.26	459.3	479	510.74	491.86	642.2
Research & Development	27.53	27.28	26.36	26.48	13.12	10.91
Other Operating Expenses	29.02	22.25	22.8	5.89	-7.2	12.79
Operating Expenses	566.25	511.24	555.02	582.2	504.83	667.27
Operating Income	1,705	1,562	1,500	1,938	1,820	1,203
Interest Expense	-997.8	-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)	-0.09	-0.1	1.58	5.84	1.26	2.21
Other Non Operating Income (Expenses)	-82.67	-34.59	-8.8	-12.19	-11.18	-2.3
EBT Excluding Unusual Items	624.07	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	46.68	140.98	-85.92	38.58	34.57	-155.48
Gain (Loss) on Sale of Assets	-1.79	-1.09	6.24	1.34	0.09	0.02
Asset Writedown	-37.82	-42.18	-212.77	-10.7	-10.46	-0.21
Other Unusual Items	13.75	13.99	10.04	12.48	3.65	14.57
Pretax Income	643.81	716.87	603.78	802.36	602.36	807.95
Income Tax Expense	182.38	208.58	260.82	214.82	145.69	210.47
Earnings From Continuing Operations	461.44	508.29	342.96	587.54	456.68	597.49
Minority Interest in Earnings	-120.96	-103.75	-2.14	-44.84	-23.95	26.56
Net Income	340.48	404.54	340.82	542.69	432.72	624.05
Net Income to Common	340.48	404.54	340.82	542.69	432.72	624.05
Net Income Growth	-10.69%	18.70%	-37.20%	25.41%	-30.66%	18.89%
Shares Outstanding (Basic)	1,697	1,689	1,781	1,705	1,599	1,522
Shares Outstanding (Diluted)	1,697	1,689	1,781	1,705	1,599	1,522
Shares Change	-1.17%	-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	-9.63%	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	2,362	2,825	2,001	1,586	2,754	3,120
Free Cash Flow Per Share	1.39	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	33.46%	32.00%	33.45%	29.76%	14.20%	11.62%
Operating Margin	25.12%	24.11%	24.42%	22.89%	11.11%	7.47%
Profit Margin	5.02%	6.24%	5.55%	6.41%	2.64%	3.88%
Free Cash Flow Margin	34.80%	43.59%	32.57%	18.74%	16.82%	19.38%
EBITDA	2,756	2,644	2,606	2,984	2,721	1,885
EBITDA Margin	40.61%	40.80%	42.41%	35.25%	16.61%	11.71%
D&A For EBITDA	1,052	1,081	1,105	1,047	901.02	681.97
EBIT	1,705	1,562	1,500	1,938	1,820	1,203
EBIT Margin	25.12%	24.11%	24.42%	22.89%	11.11%	7.47%
Effective Tax Rate	28.33%	29.10%	43.20%	26.77%	24.19%	26.05%
Revenue as Reported	6,787	6,480	6,144	8,467	-	16,099
Advertising Expenses	-	0.01	-	-	-	-