SHE:002044 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	10,126	10,296	10,657	10,870	8,602	9,200
Other Revenue	63.28	63.28	45.22	23.21	14.18	15.96
Revenue	10,189	10,360	10,702	10,894	8,616	9,216
Revenue Growth (YoY)	-4.37%	-3.20%	-1.76%	26.44%	-6.51%	17.43%
Cost of Revenue	5,920	6,075	6,123	6,232	5,649	5,580
Gross Profit	4,269	4,285	4,579	4,661	2,967	3,636
Selling, General & Admin	3,150	3,201	3,430	3,395	2,863	2,819
Research & Development	51.8	52.69	54.96	62.65	56.35	60.22
Other Operating Expenses	2.52	3.59	4.96	3.73	2.6	1.76
Operating Expenses	3,331	3,387	3,626	3,446	3,074	2,962
Operating Income	938.25	897.13	952.39	1,216	-106.83	674.33
Interest Expense	-297.78	-304.38	-319.37	-303.68	-291.43	-353.66
Interest & Investment Income	44.11	45.99	25.11	21.63	14.06	88.04
Currency Exchange Gain (Loss)	0.01	0.01	0.03	-0.02	-0.33	2.17
Other Non Operating Income (Expenses)	-17.96	-17.76	-20.21	-33.94	-24.98	-32.81
EBT Excluding Unusual Items	666.64	620.99	637.95	899.55	-409.52	378.07
Impairment of Goodwill	-40.11	-40.11	-6.71	-41.86	-	-
Gain (Loss) on Sale of Investments	10.89	17.63	-29.37	1.78	5.84	-0.57
Gain (Loss) on Sale of Assets	-8.28	-10.2	-8.49	-6.89	-8.16	-6.17
Asset Writedown	-34.58	-34.58	-18.24	-26.96	-66.84	-28.27
Legal Settlements	-	-	-	-	-	-7.92
Other Unusual Items	3.73	3.73	17.37	22.43	27.96	29.61
Pretax Income	598.28	557.45	592.52	848.06	-450.72	364.75
Income Tax Expense	198.88	186.87	183.53	179.23	50.86	205.57
Earnings From Continuing Operations	399.4	370.58	408.99	668.82	-501.58	159.19
Minority Interest in Earnings	-93.77	-85.26	-126.75	-163.2	-57.44	-97.61
Net Income	305.63	285.33	282.24	505.62	-559.02	61.58
Net Income to Common	305.63	285.33	282.24	505.62	-559.02	61.58
Net Income Growth	4.13%	1.09%	-44.18%	-	-	-88.83%
Shares Outstanding (Basic)	4,004	4,076	4,032	3,889	3,993	3,079
Shares Outstanding (Diluted)	4,004	4,076	4,032	3,889	3,993	3,079
Shares Change (YoY)	0.30%	1.09%	3.67%	-2.60%	29.69%	-21.77%
EPS (Basic)	0.08	0.07	0.07	0.13	-0.14	0.02
EPS (Diluted)	0.08	0.07	0.07	0.13	-0.14	0.02
EPS Growth	3.82%	-	-46.15%	-	-	-85.71%
Free Cash Flow	1,360	1,381	1,216	1,616	1,128	1,624
Free Cash Flow Per Share	0.34	0.34	0.30	0.41	0.28	0.53
Dividend Per Share	0.009	0.009	0.013	0.019	-	-
Dividend Growth	-33.33%	-33.33%	-28.95%	-	-	-
Gross Margin	41.90%	41.36%	42.78%	42.79%	34.44%	39.46%
Operating Margin	9.21%	8.66%	8.90%	11.16%	-1.24%	7.32%
Profit Margin	3.00%	2.75%	2.64%	4.64%	-6.49%	0.67%
Free Cash Flow Margin	13.35%	13.33%	11.36%	14.83%	13.09%	17.62%
EBITDA	1,369	1,338	1,430	1,672	337.89	1,094
EBITDA Margin	13.44%	12.91%	13.37%	15.35%	3.92%	11.87%
D&A For EBITDA	431.02	440.41	478	456.19	444.73	419.94
EBIT	938.25	897.13	952.39	1,216	-106.83	674.33
EBIT Margin	9.21%	8.66%	8.90%	11.16%	-1.24%	7.32%
Effective Tax Rate	33.24%	33.52%	30.97%	21.13%	-	56.36%
Revenue as Reported	10,189	10,360	10,702	10,894	8,616	9,216
Advertising Expenses	-	79.41	100.49	72.53	67.81	94.96

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