SHE:300021 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	3,806	3,748	4,363	3,431	3,388	3,501
Other Revenue	12.78	12.78	15.63	21.57	12.83	13.94
Revenue	3,819	3,761	4,379	3,453	3,401	3,515
Revenue Growth (YoY)	-14.21%	-14.10%	26.83%	1.52%	-3.25%	74.21%
Cost of Revenue	3,000	2,958	3,601	2,626	2,562	2,702
Gross Profit	819.39	803.58	778.16	826.3	838.77	813.24
Selling, General & Admin	482.09	465.46	439.72	403.51	427.59	382.69
Research & Development	116.33	119.45	94.76	118.39	100.71	81.13
Other Operating Expenses	12.99	14.07	23.56	20.47	19.29	17.33
Operating Expenses	635.73	632.2	657.37	642.98	618.93	532.89
Operating Income	183.67	171.38	120.8	183.33	219.84	280.35
Interest Expense	-100.24	-101.44	-125.32	-111.33	-92.79	-92.32
Interest & Investment Income	20.42	22.37	41.87	26.22	46.78	26.65
Currency Exchange Gain (Loss)	-0.02	-0.02	0.07	-0.41	-0.28	-0.49
Other Non Operating Income (Expenses)	2.46	1.35	21.39	-29.95	-13.39	-20.34
EBT Excluding Unusual Items	106.28	93.64	58.81	67.86	160.17	193.84
Impairment of Goodwill	-1.3	-1.3	-	-	-1.07	-
Gain (Loss) on Sale of Investments	-22.65	-18.41	0.26	-0.02	1.79	-0.07
Gain (Loss) on Sale of Assets	-0.48	-0.94	34.93	-0.52	0.02	0.79
Asset Writedown	0.94	-0.07	0.11	-2.2	-17.9	-4.05
Legal Settlements	-	-	-	-8.29	-16.01	-14.18
Other Unusual Items	17.94	17.94	35.12	17.77	8.3	16.21
Pretax Income	100.73	90.85	129.23	74.59	135.3	192.54
Income Tax Expense	28.57	26.1	19.62	7.45	26.82	45.76
Earnings From Continuing Operations	72.16	64.75	109.6	67.15	108.48	146.78
Net Income to Company	72.16	64.75	109.6	67.15	108.48	146.78
Minority Interest in Earnings	-21.76	-15.85	-28.48	-17.01	-10.77	-11.48
Net Income	50.4	48.9	81.13	50.14	97.7	135.3
Net Income to Common	50.4	48.9	81.13	50.14	97.7	135.3
Net Income Growth	-37.41%	-39.73%	61.81%	-48.69%	-27.79%	36.98%
Shares Outstanding (Basic)	950	909	850	850	850	793
Shares Outstanding (Diluted)	952	911	858	850	850	793
Shares Change (YoY)	10.76%	6.18%	0.92%	-0.07%	7.28%	-3.70%
EPS (Basic)	0.05	0.05	0.10	0.06	0.11	0.17
EPS (Diluted)	0.05	0.05	0.09	0.06	0.11	0.17
EPS Growth	-43.49%	-43.23%	60.34%	-48.65%	-32.69%	42.25%
Free Cash Flow	-480.65	-350.45	523.5	-365.29	83.63	8.65
Free Cash Flow Per Share	-0.51	-0.39	0.61	-0.43	0.10	0.01
Dividend Per Share	0.020	0.020	0.060	0.030	0.100	0.120
Dividend Growth	-66.67%	-66.67%	100.00%	-70.00%	-16.67%	20.00%
Gross Margin	21.46%	21.37%	17.77%	23.93%	24.66%	23.14%
Operating Margin	4.81%	4.56%	2.76%	5.31%	6.46%	7.98%
Profit Margin	1.32%	1.30%	1.85%	1.45%	2.87%	3.85%
Free Cash Flow Margin	-12.59%	-9.32%	11.96%	-10.58%	2.46%	0.25%
EBITDA	227.61	217.85	177.38	237.57	263.71	323.69
EBITDA Margin	5.96%	5.79%	4.05%	6.88%	7.75%	9.21%
D&A For EBITDA	43.94	46.47	56.58	54.25	43.87	43.34
EBIT	183.67	171.38	120.8	183.33	219.84	280.35
EBIT Margin	4.81%	4.56%	2.76%	5.31%	6.46%	7.98%
Effective Tax Rate	28.37%	28.73%	15.19%	9.98%	19.82%	23.77%
Revenue as Reported	3,819	3,761	4,379	3,453	3,401	3,515
Advertising Expenses	-	4.56	4.21	3.98	1.87	2.02

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