SHE:000950 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	Dec '21 Dec 31, 2021
Operating Revenue	81,871	82,051	80,255	78,185	67,657	62,354
Other Revenue	396.6	396.6	307.01	212.62	171.83	166.87
Revenue	82,268	82,447	80,562	78,397	67,829	62,521
Revenue Growth (YoY)	0.88%	2.34%	2.76%	15.58%	8.49%	38.26%
Cost of Revenue	76,519	76,615	74,641	72,162	62,038	56,817
Gross Profit	5,749	5,833	5,921	6,235	5,791	5,703
Selling, General & Admin	3,773	3,844	3,967	3,678	3,298	3,078
Research & Development	0.76	0.47	0.32	0.38	3.24	10.04
Other Operating Expenses	205.83	194.22	189.22	212.55	188.63	155.73
Operating Expenses	4,663	4,700	4,688	4,279	3,614	3,526
Operating Income	1,086	1,132	1,232	1,957	2,177	2,177
Interest Expense	-733.4	-758.26	-1,138	-1,340	-1,123	-1,106
Interest & Investment Income	511.2	476.47	488.19	393.27	355.29	347.92
Currency Exchange Gain (Loss)	0.02	0.02	-0.17	0.18	0.44	-0.1
Other Non Operating Income (Expenses)	-163.83	-166.71	-41.03	-103.03	-12.36	3.66
EBT Excluding Unusual Items	699.96	683.82	541.54	906.96	1,397	1,423
Impairment of Goodwill	-31.88	-31.88	-40.22	-20.48	-27.91	-10.32
Gain (Loss) on Sale of Investments	-2.25	-3.07	6.92	16.16	2.32	126.88
Gain (Loss) on Sale of Assets	4.63	4.63	10.53	0.79	10.05	3.52
Asset Writedown	6.41	0.19	0.01	-0.01	-0.02	-0.35
Other Unusual Items	28.94	18.17	38.73	62.91	91.25	37.35
Pretax Income	705.81	671.86	557.51	966.33	1,472	1,580
Income Tax Expense	158.62	150.53	155.72	236.04	309.5	289.61
Earnings From Continuing Operations	547.19	521.33	401.79	730.29	1,163	1,291
Net Income to Company	547.19	521.33	401.79	730.29	1,163	1,291
Minority Interest in Earnings	-114.98	-134.61	-118.8	-105.65	-210.72	-285.23
Net Income	432.21	386.72	282.99	624.63	952.28	1,005
Net Income to Common	432.21	386.72	282.99	624.63	952.28	1,005
Net Income Growth	41.58%	36.65%	-54.69%	-34.41%	-5.29%	13.69%
Shares Outstanding (Basic)	1,737	1,758	1,769	1,735	1,731	1,734
Shares Outstanding (Diluted)	1,737	1,758	1,769	1,735	1,731	1,734
Shares Change (YoY)	-2.78%	-0.62%	1.94%	0.21%	-0.12%	0.31%
EPS (Basic)	0.25	0.22	0.16	0.36	0.55	0.58
EPS (Diluted)	0.25	0.22	0.16	0.36	0.55	0.58
EPS Growth	45.63%	37.50%	-55.56%	-34.54%	-5.17%	13.73%
Free Cash Flow	-716	455.13	-437.27	264.13	17.76	-239.38
Free Cash Flow Per Share	-0.41	0.26	-0.25	0.15	0.01	-0.14
Dividend Per Share	0.060	0.060	0.060	0.050	0.060	0.105
Dividend Growth	-	-	20.00%	-16.67%	-42.86%	-
Gross Margin	6.99%	7.07%	7.35%	7.95%	8.54%	9.12%
Operating Margin	1.32%	1.37%	1.53%	2.50%	3.21%	3.48%
Profit Margin	0.53%	0.47%	0.35%	0.80%	1.40%	1.61%
Free Cash Flow Margin	-0.87%	0.55%	-0.54%	0.34%	0.03%	-0.38%
EBITDA	1,346	1,393	1,496	2,203	2,408	2,346
EBITDA Margin	1.64%	1.69%	1.86%	2.81%	3.55%	3.75%
D&A For EBITDA	259.6	260.38	263.52	246.87	231.17	169.06
EBIT	1,086	1,132	1,232	1,957	2,177	2,177
EBIT Margin	1.32%	1.37%	1.53%	2.50%	3.21%	3.48%
Effective Tax Rate	22.47%	22.41%	27.93%	24.43%	21.02%	18.33%
Revenue as Reported	82,268	82,447	80,562	78,397	67,829	62,521
Advertising Expenses	-	6.31	9.42	9.57	20.39	23.49

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