SHE:002102 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	Jun '26 Jun 30, 2026	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	5,277	7,244	10,221	11,082	12,224	13,502
Other Revenue	16.65	28.08	40.91	47.48	36.19	30.47
Revenue	5,293	7,272	10,262	11,129	12,260	13,533
Revenue Growth	-39.17%	-29.14%	-7.79%	-9.23%	-9.40%	5.38%
Cost of Revenue	5,089	7,135	10,054	10,850	11,900	13,091
Gross Profit	204.43	136.87	208.18	278.78	360.75	441.14
Selling, General & Admin	69.39	77.75	100.48	96.98	111.78	134.61
Research & Development	66.18	62.03	78.22	86.47	77.94	63.86
Other Operating Expenses	10.16	11.28	9.24	11.08	16.31	10.9
Operating Expenses	159.57	146.72	203.3	190.08	205.92	210.03
Operating Income	44.86	-9.86	4.88	88.69	154.83	231.11
Interest Expense	-15.38	-32.5	-46.28	-68.94	-68.88	-50.74
Interest & Investment Income	224.17	600.66	302.76	240.09	233	177.26
Currency Exchange Gain (Loss)	2.4	-0.71	-5.78	-6	-4.09	-0.83
Other Non Operating Income (Expenses)	8.29	-64.8	-28.89	45.47	342.86	-2.19
EBT Excluding Unusual Items	264.34	492.79	226.69	299.32	657.72	354.61
Impairment of Goodwill	-230.55	-230.55	-792.95	-155.78	-190.34	-151.38
Gain (Loss) on Sale of Investments	-15.55	-15.55	-115.3	59.66	22.37	37.92
Gain (Loss) on Sale of Assets	0.32	0.25	1.72	0	0.88	-11.67
Asset Writedown	-14.39	-0	-0.01	-0.42	-18.31	-22.58
Legal Settlements	-2.32	-2.74	-9.65	-31.22	-32.04	-59.79
Other Unusual Items	15.4	16.41	39.01	128.35	66.38	40.56
Pretax Income	17.26	260.61	-650.49	299.9	506.67	187.67
Income Tax Expense	12.37	4.72	-61.87	30.42	43.51	66.47
Earnings From Continuing Operations	4.89	255.9	-588.62	269.48	463.16	121.2
Minority Interest in Earnings	-9.99	-7.44	-11.55	-10.74	-18.68	-20.12
Net Income	-5.1	248.45	-600.17	258.74	444.48	101.09
Net Income to Common	-5.1	248.45	-600.17	258.74	444.48	101.09
Net Income Growth	-	-	-	-41.79%	339.70%	-19.45%
Shares Outstanding (Basic)	2,431	2,510	2,633	2,635	2,633	2,632
Shares Outstanding (Diluted)	2,431	2,510	2,633	2,635	2,633	2,632
Shares Change	-7.71%	-4.70%	-0.05%	0.06%	0.03%	0.05%
EPS (Basic)	-0.00	0.10	-0.23	0.10	0.17	0.04
EPS (Diluted)	-0.00	0.10	-0.23	0.10	0.17	0.04
EPS Growth	-	-	-	-41.83%	339.58%	-19.50%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	-1,034	-447.85	-2.53	782.46	-894.48	28.32
Free Cash Flow Per Share	-0.42	-0.18	-0.00	0.30	-0.34	0.01
Gross Margin	3.86%	1.88%	2.03%	2.50%	2.94%	3.26%
Operating Margin	0.85%	-0.14%	0.05%	0.80%	1.26%	1.71%
Profit Margin	-0.10%	3.42%	-5.85%	2.33%	3.62%	0.75%
Free Cash Flow Margin	-19.54%	-6.16%	-0.03%	7.03%	-7.30%	0.21%
EBITDA	188.9	133.8	146.2	227.05	288.32	330.41
EBITDA Margin	3.57%	1.84%	1.43%	2.04%	2.35%	2.44%
D&A For EBITDA	144.04	143.66	141.32	138.36	133.5	99.29
EBIT	44.86	-9.86	4.88	88.69	154.83	231.11
EBIT Margin	0.85%	-0.14%	0.05%	0.80%	1.26%	1.71%
Effective Tax Rate	71.68%	1.81%	-	10.14%	8.59%	35.42%
Revenue as Reported	2,601	7,272	10,262	11,129	12,260	13,533
Advertising Expenses	-	0.39	0.38	0.29	0.2	0.46