SHE:300022 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	2,766	2,695	2,634	2,694	2,366
Other Revenue	-	14.17	15.95	13.48	20.15
Revenue	2,766	2,709	2,650	2,708	2,386
Revenue Growth (YoY)	2.10%	2.24%	-2.14%	13.48%	-4.44%
Cost of Revenue	2,442	2,414	2,300	2,362	2,055
Gross Profit	324.02	294.79	350.05	345.31	331.37
Selling, General & Admin	245.21	252.26	226.86	186.11	168.82
Research & Development	10.65	9.89	5.14	5.61	4.83
Other Operating Expenses	-2.33	3.38	3.42	4.02	4.26
Operating Expenses	253.53	272.2	241.12	208.93	187.39
Operating Income	70.49	22.59	108.93	136.38	143.99
Interest Expense	-	-12.08	-25.2	-41.98	-52.36
Interest & Investment Income	-	5.19	5.52	4.39	12.76
Currency Exchange Gain (Loss)	-	0	-	-	0
Other Non Operating Income (Expenses)	-53.18	-10.09	-7.58	-20.38	-15.73
EBT Excluding Unusual Items	17.31	5.62	81.67	78.4	88.65
Impairment of Goodwill	-	-	-1.43	-	-5.51
Gain (Loss) on Sale of Investments	-0.38	-	-0.55	-	-
Gain (Loss) on Sale of Assets	-0.05	0.35	0.96	0.05	0.11
Asset Writedown	-16.76	-0.28	-0.07	-0.99	-0.14
Other Unusual Items	-	2.16	5.7	4.62	0.18
Pretax Income	0.12	7.85	86.27	82.08	83.3
Income Tax Expense	11.35	10.09	19.49	22.67	26.72
Earnings From Continuing Operations	-11.23	-2.24	66.78	59.41	56.58
Minority Interest in Earnings	-19.99	-28.58	-49.97	-48.31	-41.25
Net Income	-31.22	-30.81	16.8	11.09	15.33
Net Income to Common	-31.22	-30.81	16.8	11.09	15.33
Net Income Growth	-	-	51.46%	-27.63%	-
Shares Outstanding (Basic)	494	496	448	380	380
Shares Outstanding (Diluted)	494	496	448	380	380
Shares Change (YoY)	-0.51%	10.87%	17.77%	-0.05%	0.11%
EPS (Basic)	-0.06	-0.06	0.04	0.03	0.04
EPS (Diluted)	-0.06	-0.06	0.04	0.03	0.04
EPS Growth	-	-	28.52%	-27.60%	-
Free Cash Flow	142.7	30.09	55.74	111.56	66.27
Free Cash Flow Per Share	0.29	0.06	0.12	0.29	0.17
Gross Margin	11.71%	10.88%	13.21%	12.75%	13.89%
Operating Margin	2.55%	0.83%	4.11%	5.04%	6.03%
Profit Margin	-1.13%	-1.14%	0.63%	0.41%	0.64%
Free Cash Flow Margin	5.16%	1.11%	2.10%	4.12%	2.78%
EBITDA	94.09	37.59	122.98	150.5	159.91
EBITDA Margin	3.40%	1.39%	4.64%	5.56%	6.70%
D&A For EBITDA	23.6	14.99	14.05	14.12	15.93
EBIT	70.49	22.59	108.93	136.38	143.99
EBIT Margin	2.55%	0.83%	4.11%	5.04%	6.03%
Effective Tax Rate	9562.94%	128.47%	22.59%	27.62%	32.08%
Revenue as Reported	-	2,709	2,650	2,708	2,386
Advertising Expenses	-	6.98	5.64	4.26	3.88

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