SHE:002183 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	65,175	68,194	77,616	94,422	85,398	70,208
Other Revenue	-	-	-	-	0	44.09
Revenue	65,175	68,194	77,616	94,422	85,398	70,252
Revenue Growth (YoY)	-13.04%	-12.14%	-17.80%	10.57%	21.56%	2.92%
Cost of Revenue	62,368	65,310	74,297	90,572	81,448	65,769
Gross Profit	2,808	2,884	3,320	3,850	3,950	4,482
Selling, General & Admin	1,774	1,843	2,128	2,322	2,293	2,528
Research & Development	33.6	31.55	30.17	26.91	20.17	12.53
Other Operating Expenses	184.21	208.3	123.44	115.27	97.12	88.51
Operating Expenses	2,451	2,546	2,527	2,619	2,562	2,915
Operating Income	356.39	338.36	792.27	1,231	1,388	1,568
Interest Expense	-1,007	-1,016	-1,152	-1,368	-1,323	-1,454
Interest & Investment Income	434.45	525.87	386.28	543.48	543.79	527.57
Currency Exchange Gain (Loss)	-54.89	-54.89	72.29	-87.67	-249.32	37.61
Other Non Operating Income (Expenses)	-114.56	-129.2	-102.38	-151.04	-125.7	-117.7
EBT Excluding Unusual Items	-385.73	-336.3	-3.08	167.96	234.44	561.59
Impairment of Goodwill	-0.64	-0.64	-0.04	-	-1.37	-0.23
Gain (Loss) on Sale of Investments	-27.97	-60.58	23.8	-95.78	43.02	-69.89
Gain (Loss) on Sale of Assets	-3.02	-3.57	11.54	1.09	0.16	-1.41
Asset Writedown	-0.27	-2.18	-3.01	-1.36	-	-
Legal Settlements	-	-	-	-0.4	-14.76	-0.1
Other Unusual Items	39.16	31.86	36.5	89.83	33.92	49.07
Pretax Income	-378.47	-371.4	65.7	161.34	295.41	539.03
Income Tax Expense	8.43	7.47	17.69	27.68	58.71	92.62
Earnings From Continuing Operations	-386.9	-378.87	48.01	133.66	236.71	446.42
Minority Interest in Earnings	62.53	59.78	57.85	7.33	19.39	60.04
Net Income	-324.37	-319.09	105.86	140.99	256.09	506.46
Net Income to Common	-324.37	-319.09	105.86	140.99	256.09	506.46
Net Income Growth	-	-	-24.92%	-44.95%	-49.44%	310.29%
Shares Outstanding (Basic)	2,527	2,659	2,646	2,820	2,561	2,302
Shares Outstanding (Diluted)	2,527	2,659	2,646	2,820	2,561	2,302
Shares Change (YoY)	-5.81%	0.48%	-6.14%	10.11%	11.24%	11.90%
EPS (Basic)	-0.13	-0.12	0.04	0.05	0.10	0.22
EPS (Diluted)	-0.13	-0.12	0.04	0.05	0.10	0.22
EPS Growth	-	-	-20.00%	-50.00%	-54.55%	266.67%
Free Cash Flow	686.51	604.67	7.82	-537.69	-112.43	1,134
Free Cash Flow Per Share	0.27	0.23	0.00	-0.19	-0.04	0.49
Dividend Per Share	-	-	0.010	0.012	0.020	0.040
Dividend Growth	-	-	-16.67%	-40.00%	-50.00%	100.00%
Gross Margin	4.31%	4.23%	4.28%	4.08%	4.63%	6.38%
Operating Margin	0.55%	0.50%	1.02%	1.30%	1.63%	2.23%
Profit Margin	-0.50%	-0.47%	0.14%	0.15%	0.30%	0.72%
Free Cash Flow Margin	1.05%	0.89%	0.01%	-0.57%	-0.13%	1.61%
EBITDA	529.78	506.96	941.71	1,372	1,548	1,720
EBITDA Margin	0.81%	0.74%	1.21%	1.45%	1.81%	2.45%
D&A For EBITDA	173.39	168.6	149.43	140.73	159.53	151.91
EBIT	356.39	338.36	792.27	1,231	1,388	1,568
EBIT Margin	0.55%	0.50%	1.02%	1.30%	1.63%	2.23%
Effective Tax Rate	-	-	26.92%	17.16%	19.87%	17.18%
Revenue as Reported	65,175	68,194	77,616	94,422	85,398	70,252
Advertising Expenses	-	1.41	-	-	-	-

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