SHE:001979 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	Dec '21 Dec 31, 2021
Revenue	157,947	154,728	178,948	175,008	183,003	160,643
Revenue Growth (YoY)	-10.08%	-13.53%	2.25%	-4.37%	13.92%	23.93%
Cost of Revenue	139,920	136,709	156,386	149,480	151,416	121,442
Gross Profit	18,027	18,019	22,561	25,527	31,587	39,201
Selling, General & Admin	6,206	6,039	6,118	6,702	6,394	6,059
Research & Development	107.93	113.99	128.99	158.36	125.04	115.8
Other Operating Expenses	4,497	4,316	6,903	6,027	7,775	9,429
Operating Expenses	10,875	10,543	13,217	12,980	14,346	15,652
Operating Income	7,152	7,476	9,345	12,548	17,241	23,549
Interest Expense	-3,708	-3,647	-3,596	-3,399	-4,127	-4,488
Interest & Investment Income	1,735	2,008	5,899	5,404	4,926	6,332
Currency Exchange Gain (Loss)	9.59	9.59	-122.38	-30.53	-593.48	26.06
Other Non Operating Income (Expenses)	-1,005	-991.18	-1,713	-456.34	-1,618	-1,175
EBT Excluding Unusual Items	4,183	4,855	9,812	14,066	15,828	24,244
Impairment of Goodwill	-222.42	-222.42	-159.56	-	-	-
Gain (Loss) on Sale of Investments	452.29	493.34	-762.02	38.28	256.35	-735.78
Gain (Loss) on Sale of Assets	515.86	49.25	34.16	-0.2	5.88	6.78
Asset Writedown	-2.63	-2.36	-25.71	-5.61	-1,199	-780.91
Other Unusual Items	7.71	7.71	190.78	-110.13	925.86	108.31
Pretax Income	4,934	5,181	9,090	13,989	15,817	22,843
Income Tax Expense	4,411	4,477	4,901	4,882	6,719	7,641
Earnings From Continuing Operations	523.21	703.85	4,189	9,106	9,098	15,202
Minority Interest in Earnings	94.25	319.93	-150.33	-2,787	-4,834	-4,829
Net Income	617.46	1,024	4,039	6,319	4,264	10,372
Preferred Dividends & Other Adjustments	304.06	304.06	712.5	-	-	-
Net Income to Common	313.4	719.72	3,326	6,319	4,264	10,372
Net Income Growth	-85.13%	-74.65%	-36.09%	48.20%	-58.89%	-15.35%
Shares Outstanding (Basic)	8,657	8,997	8,989	9,722	10,400	8,942
Shares Outstanding (Diluted)	8,657	8,997	8,989	9,722	10,400	8,942
Shares Change (YoY)	149.94%	0.08%	-7.54%	-6.52%	16.31%	6.54%
EPS (Basic)	0.04	0.08	0.37	0.65	0.41	1.16
EPS (Diluted)	0.04	0.08	0.37	0.65	0.41	1.16
EPS Growth	-96.35%	-78.38%	-43.08%	58.54%	-64.66%	-20.55%
Free Cash Flow	11,624	6,211	26,261	24,840	-10,100	15,970
Free Cash Flow Per Share	1.34	0.69	2.92	2.56	-0.97	1.79
Dividend Per Share	0.051	0.051	0.194	0.320	0.230	0.540
Dividend Growth	-73.67%	-73.67%	-39.35%	39.13%	-57.41%	-15.63%
Gross Margin	11.41%	11.64%	12.61%	14.59%	17.26%	24.40%
Operating Margin	4.53%	4.83%	5.22%	7.17%	9.42%	14.66%
Profit Margin	0.20%	0.46%	1.86%	3.61%	2.33%	6.46%
Free Cash Flow Margin	7.36%	4.01%	14.67%	14.19%	-5.52%	9.94%
EBITDA	11,046	11,206	12,418	15,271	19,533	25,281
EBITDA Margin	6.99%	7.24%	6.94%	8.73%	10.67%	15.74%
D&A For EBITDA	3,894	3,730	3,074	2,723	2,292	1,732
EBIT	7,152	7,476	9,345	12,548	17,241	23,549
EBIT Margin	4.53%	4.83%	5.22%	7.17%	9.42%	14.66%
Effective Tax Rate	89.39%	86.41%	53.92%	34.90%	42.48%	33.45%
Revenue as Reported	3,219	-	-	-	-	-
Advertising Expenses	-	958.12	1,114	1,534	1,203	1,553

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