SHE:002008 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	Jan '22 Jan 1, 2022
Operating Revenue	20,842	18,650	14,653	13,996	14,847	16,206
Other Revenue	108.58	108.58	117.82	94.8	113.96	126.79
Revenue	20,950	18,759	14,771	14,091	14,961	16,332
Revenue Growth (YoY)	39.12%	27.00%	4.83%	-5.82%	-8.39%	36.76%
Cost of Revenue	14,112	12,727	10,275	9,664	9,817	10,264
Gross Profit	6,838	6,032	4,496	4,427	5,144	6,068
Selling, General & Admin	2,975	2,803	2,345	2,265	2,486	2,462
Research & Development	2,163	2,065	1,800	1,767	1,608	1,394
Other Operating Expenses	-221.3	-172.87	-210.92	-246.34	-141.98	-103.86
Operating Expenses	4,941	4,679	4,079	3,961	4,078	3,876
Operating Income	1,897	1,353	416.92	466.23	1,066	2,192
Interest Expense	-128.24	-134.58	-138.2	-241.21	-227.3	-167.04
Interest & Investment Income	282.68	245.04	1,291	339.48	238.71	84.86
Currency Exchange Gain (Loss)	-109.28	-109.28	51.86	37.78	222.33	-68.27
Other Non Operating Income (Expenses)	-132.43	-17.51	-8.83	-5.36	-14.76	13.81
EBT Excluding Unusual Items	1,809	1,337	1,613	596.93	1,285	2,056
Impairment of Goodwill	-108.3	-108.3	-116.02	-38.65	-19.77	-
Gain (Loss) on Sale of Investments	1.13	202.07	146.77	82.21	-70.33	-6.01
Gain (Loss) on Sale of Assets	16.22	16.41	6.87	1.78	4.67	0.62
Asset Writedown	-12.17	-17.6	-1.09	-1.35	-1.05	-4.79
Other Unusual Items	126.34	123.65	186.64	183.09	118.82	261.29
Pretax Income	1,833	1,553	1,836	824	1,317	2,307
Income Tax Expense	270.27	235.51	83.74	-87.12	30.91	226.61
Earnings From Continuing Operations	1,562	1,318	1,752	911.12	1,287	2,080
Minority Interest in Earnings	-182.04	-128.13	-58.46	-90.9	-72.07	-85.66
Net Income	1,380	1,190	1,694	820.22	1,215	1,994
Net Income to Common	1,380	1,190	1,694	820.22	1,215	1,994
Net Income Growth	58.95%	-29.77%	106.52%	-32.46%	-39.11%	103.74%
Shares Outstanding (Basic)	1,039	1,035	1,046	1,052	1,056	1,050
Shares Outstanding (Diluted)	1,039	1,035	1,046	1,052	1,056	1,061
Shares Change (YoY)	0.14%	-1.06%	-0.56%	-0.43%	-0.45%	0.79%
EPS (Basic)	1.33	1.15	1.62	0.78	1.15	1.90
EPS (Diluted)	1.33	1.15	1.62	0.78	1.15	1.88
EPS Growth	58.73%	-29.01%	107.69%	-32.17%	-38.83%	102.15%
Free Cash Flow	731.47	829.74	-268.37	-111.03	-319.19	577.64
Free Cash Flow Per Share	0.70	0.80	-0.26	-0.11	-0.30	0.54
Dividend Per Share	0.200	0.200	0.350	0.200	0.200	0.400
Dividend Growth	-42.86%	-42.86%	75.00%	-	-50.00%	100.00%
Gross Margin	32.64%	32.16%	30.44%	31.42%	34.38%	37.16%
Operating Margin	9.05%	7.22%	2.82%	3.31%	7.13%	13.42%
Profit Margin	6.59%	6.34%	11.47%	5.82%	8.12%	12.21%
Free Cash Flow Margin	3.49%	4.42%	-1.82%	-0.79%	-2.13%	3.54%
EBITDA	2,305	1,747	748.06	806.72	1,387	2,454
EBITDA Margin	11.00%	9.31%	5.06%	5.73%	9.27%	15.02%
D&A For EBITDA	408.84	393.3	331.14	340.49	321.01	261.28
EBIT	1,897	1,353	416.92	466.23	1,066	2,192
EBIT Margin	9.05%	7.22%	2.82%	3.31%	7.13%	13.42%
Effective Tax Rate	14.75%	15.16%	4.56%	-	2.35%	9.82%
Revenue as Reported	20,950	18,759	14,771	14,091	14,961	-
Advertising Expenses	-	37.02	40.56	72.32	69.05	45.37

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