SHE:002556 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	15,210	15,001	15,519	17,720	18,151	18,962
Other Revenue	130.7	130.7	133.1	112.25	98.76	119.42
Revenue	15,341	15,132	15,652	17,833	18,249	19,081
Revenue Growth (YoY)	-1.14%	-3.32%	-12.23%	-2.28%	-4.36%	18.50%
Cost of Revenue	14,463	14,228	14,796	17,043	16,971	17,646
Gross Profit	878.64	903.83	856.55	790.1	1,278	1,435
Selling, General & Admin	564.45	575.15	578.45	561.67	560.78	690.49
Research & Development	97.03	105.4	130.68	118.39	137.32	115.18
Other Operating Expenses	18.34	-10.61	-4.38	5.92	27.12	32.15
Operating Expenses	685.49	675.62	743.21	713.63	728.19	846.98
Operating Income	193.15	228.21	113.33	76.47	549.78	588.33
Interest Expense	-81.43	-81.43	-100.56	-97.43	-81.27	-89.27
Interest & Investment Income	121.89	121.91	137.99	144.55	116.69	94.48
Currency Exchange Gain (Loss)	0.83	0.83	2.67	6.41	-2.63	-4.49
Other Non Operating Income (Expenses)	1.67	-3.36	-4.14	-4.56	-3.27	-4.03
EBT Excluding Unusual Items	236.11	266.16	149.29	125.43	579.31	585.02
Impairment of Goodwill	-	-	-3.61	-35.29	-25.53	-
Gain (Loss) on Sale of Investments	-0.93	-5.7	2.51	-0.04	-0.72	-21.36
Gain (Loss) on Sale of Assets	3.79	3.71	5.14	2.75	15.55	4.77
Asset Writedown	-47.93	-50.18	-0.82	-0.05	-10.15	-4.62
Other Unusual Items	34.05	34.05	54.12	27.11	59.34	44.46
Pretax Income	225.09	248.04	206.63	119.91	617.8	608.27
Income Tax Expense	50.18	45.46	40.46	38.56	118.91	60.83
Earnings From Continuing Operations	174.92	202.58	166.17	81.35	498.88	547.44
Minority Interest in Earnings	-9.53	-8.91	2.75	-4.82	11.58	-41.44
Net Income	165.39	193.66	168.92	76.54	510.47	506.01
Net Income to Common	165.39	193.66	168.92	76.54	510.47	506.01
Net Income Growth	17.90%	14.65%	120.71%	-85.01%	0.88%	125.23%
Shares Outstanding (Basic)	918	922	938	957	963	937
Shares Outstanding (Diluted)	918	922	938	957	963	973
Shares Change (YoY)	-1.88%	-1.73%	-1.91%	-0.67%	-1.02%	3.95%
EPS (Basic)	0.18	0.21	0.18	0.08	0.53	0.54
EPS (Diluted)	0.18	0.21	0.18	0.08	0.53	0.52
EPS Growth	20.15%	16.67%	125.00%	-84.91%	1.92%	116.67%
Free Cash Flow	634.25	1,001	-415.59	-929.82	968.79	-116.45
Free Cash Flow Per Share	0.69	1.08	-0.44	-0.97	1.01	-0.12
Dividend Per Share	0.150	0.150	0.200	0.200	0.300	0.400
Dividend Growth	-25.00%	-25.00%	-	-33.33%	-25.00%	300.00%
Gross Margin	5.73%	5.97%	5.47%	4.43%	7.00%	7.52%
Operating Margin	1.26%	1.51%	0.72%	0.43%	3.01%	3.08%
Profit Margin	1.08%	1.28%	1.08%	0.43%	2.80%	2.65%
Free Cash Flow Margin	4.13%	6.61%	-2.66%	-5.21%	5.31%	-0.61%
EBITDA	463.92	502.18	400.12	343.91	780.81	770.87
EBITDA Margin	3.02%	3.32%	2.56%	1.93%	4.28%	4.04%
D&A For EBITDA	270.77	273.98	286.79	267.44	231.03	182.54
EBIT	193.15	228.21	113.33	76.47	549.78	588.33
EBIT Margin	1.26%	1.51%	0.72%	0.43%	3.01%	3.08%
Effective Tax Rate	22.29%	18.33%	19.58%	32.16%	19.25%	10.00%
Revenue as Reported	15,132	15,132	15,652	17,833	18,249	19,081
Advertising Expenses	-	11	10.56	9.76	12.54	10.28

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