SHE:002102 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	7,272	12,240	11,082	12,224	13,502
Other Revenue	-	40.91	47.48	36.19	30.47
Revenue	7,272	12,280	11,129	12,260	13,533
Revenue Growth (YoY)	-40.78%	10.35%	-9.23%	-9.40%	5.38%
Cost of Revenue	7,137	12,070	10,850	11,900	13,091
Gross Profit	134.54	210.37	278.78	360.75	441.14
Selling, General & Admin	80.59	100.48	96.98	111.78	134.61
Research & Development	62.03	78.22	86.47	77.94	63.86
Other Operating Expenses	-7.79	13.39	11.08	16.31	10.9
Operating Expenses	134.83	207.39	190.08	205.92	210.03
Operating Income	-0.29	2.98	88.69	154.83	231.11
Interest Expense	-	-46.28	-68.94	-68.88	-50.74
Interest & Investment Income	583.43	302.76	240.09	233	177.26
Currency Exchange Gain (Loss)	-	-5.78	-6	-4.09	-0.83
Other Non Operating Income (Expenses)	-81.84	9.77	45.47	342.86	-2.19
EBT Excluding Unusual Items	501.29	263.45	299.32	657.72	354.61
Impairment of Goodwill	-	-792.95	-155.78	-190.34	-151.38
Gain (Loss) on Sale of Investments	-15.55	-115.3	59.66	22.37	37.92
Gain (Loss) on Sale of Assets	0.25	1.72	0	0.88	-11.67
Asset Writedown	-225.38	-0.01	-0.42	-18.31	-22.58
Legal Settlements	-	-9.65	-31.22	-32.04	-59.79
Other Unusual Items	-	17.93	128.35	66.38	40.56
Pretax Income	260.61	-634.81	299.9	506.67	187.67
Income Tax Expense	4.72	-58.32	30.42	43.51	66.47
Earnings From Continuing Operations	255.9	-576.48	269.48	463.16	121.2
Minority Interest in Earnings	-7.44	-11.55	-10.74	-18.68	-20.12
Net Income	248.45	-588.03	258.74	444.48	101.09
Net Income to Common	248.45	-588.03	258.74	444.48	101.09
Net Income Growth	-	-	-41.79%	339.70%	-19.45%
Shares Outstanding (Basic)	2,510	2,633	2,635	2,633	2,632
Shares Outstanding (Diluted)	2,510	2,633	2,635	2,633	2,632
Shares Change (YoY)	-4.70%	-0.06%	0.06%	0.03%	0.05%
EPS (Basic)	0.10	-0.22	0.10	0.17	0.04
EPS (Diluted)	0.10	-0.22	0.10	0.17	0.04
EPS Growth	-	-	-41.83%	339.58%	-19.50%
Free Cash Flow	-447.85	-2.53	782.46	-894.48	28.32
Free Cash Flow Per Share	-0.18	-0.00	0.30	-0.34	0.01
Gross Margin	1.85%	1.71%	2.50%	2.94%	3.26%
Operating Margin	-0.00%	0.02%	0.80%	1.26%	1.71%
Profit Margin	3.42%	-4.79%	2.33%	3.62%	0.75%
Free Cash Flow Margin	-6.16%	-0.02%	7.03%	-7.30%	0.21%
EBITDA	143.36	143.56	227.05	288.32	330.41
EBITDA Margin	1.97%	1.17%	2.04%	2.35%	2.44%
D&A For EBITDA	143.66	140.58	138.36	133.5	99.29
EBIT	-0.29	2.98	88.69	154.83	231.11
EBIT Margin	-0.00%	0.02%	0.80%	1.26%	1.71%
Effective Tax Rate	1.81%	-	10.14%	8.59%	35.42%
Revenue as Reported	-	12,280	11,129	12,260	13,533
Advertising Expenses	-	0.38	0.29	0.2	0.46

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