SHE:300026 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	Dec '21 Dec 31, 2021
Operating Revenue	4,646	4,908	5,757	6,025	6,603	7,656
Other Revenue	32.73	32.73	26.24	84.31	47.44	14.63
Revenue	4,679	4,941	5,783	6,109	6,650	7,671
Revenue Growth (YoY)	-18.09%	-14.55%	-5.34%	-8.14%	-13.30%	18.22%
Cost of Revenue	2,005	2,194	2,793	2,827	2,826	3,267
Gross Profit	2,673	2,747	2,989	3,282	3,824	4,403
Selling, General & Admin	2,199	2,282	2,534	2,463	2,751	3,054
Research & Development	189.93	192.26	223.45	209.81	230.85	196.59
Other Operating Expenses	54.55	53.05	48.74	41.4	61.72	76.44
Operating Expenses	2,485	2,569	2,887	2,767	3,100	3,401
Operating Income	188.63	177.81	102.42	515.52	724.42	1,002
Interest Expense	-19.33	-19.33	-44.86	-61.57	-69.67	-50.1
Interest & Investment Income	10.84	10.84	17.31	19.31	14.18	11.38
Currency Exchange Gain (Loss)	-2.74	-2.74	3.92	2.41	17.62	-6.34
Other Non Operating Income (Expenses)	-38.32	-35.84	-22.2	-18.49	-35.65	-26.86
EBT Excluding Unusual Items	138.76	130.73	56.59	457.19	650.91	930.58
Impairment of Goodwill	-39.6	-39.6	-17.34	-23.52	-	-58.18
Gain (Loss) on Sale of Investments	-3.66	-3.66	-5.63	-1.4	-	-22.98
Gain (Loss) on Sale of Assets	0.72	0.7	1.08	1.06	0.01	-2.87
Asset Writedown	-5.62	-4.98	-30.33	-4.05	-2.36	-9.35
Other Unusual Items	-0.55	-0.55	49.62	177.54	67.82	16.99
Pretax Income	90.04	82.65	53.98	606.82	716.37	854.18
Income Tax Expense	61.08	60.42	31.04	105.25	95.14	183.32
Earnings From Continuing Operations	28.96	22.22	22.95	501.57	621.23	670.85
Minority Interest in Earnings	-5.08	-3.73	-1.48	5.06	3.01	16.47
Net Income	23.88	18.5	21.47	506.63	624.24	687.32
Net Income to Common	23.88	18.5	21.47	506.63	624.24	687.32
Net Income Growth	0.86%	-13.84%	-95.76%	-18.84%	-9.18%	19.87%
Shares Outstanding (Basic)	1,917	1,850	2,147	2,980	2,973	2,988
Shares Outstanding (Diluted)	1,917	1,850	2,147	2,980	2,973	2,988
Shares Change (YoY)	-11.84%	-13.84%	-27.97%	0.26%	-0.53%	-0.98%
EPS (Basic)	0.01	0.01	0.01	0.17	0.21	0.23
EPS (Diluted)	0.01	0.01	0.01	0.17	0.21	0.23
EPS Growth	14.42%	-	-94.12%	-19.05%	-8.70%	21.05%
Free Cash Flow	684.14	681.09	659.12	1,183	-24.93	-285.85
Free Cash Flow Per Share	0.36	0.37	0.31	0.40	-0.01	-0.10
Dividend Per Share	0.010	0.010	0.030	0.030	0.030	0.040
Dividend Growth	-66.67%	-66.67%	-	-	-25.00%	-
Gross Margin	57.14%	55.59%	51.69%	53.73%	57.50%	57.40%
Operating Margin	4.03%	3.60%	1.77%	8.44%	10.89%	13.07%
Profit Margin	0.51%	0.37%	0.37%	8.29%	9.39%	8.96%
Free Cash Flow Margin	14.62%	13.78%	11.40%	19.36%	-0.38%	-3.73%
EBITDA	455.95	450.9	398.59	807.69	974.09	1,217
EBITDA Margin	9.75%	9.13%	6.89%	13.22%	14.65%	15.86%
D&A For EBITDA	267.32	273.09	296.18	292.17	249.67	214.2
EBIT	188.63	177.81	102.42	515.52	724.42	1,002
EBIT Margin	4.03%	3.60%	1.77%	8.44%	10.89%	13.07%
Effective Tax Rate	67.84%	73.11%	57.49%	17.34%	13.28%	21.46%
Revenue as Reported	4,941	4,941	5,783	6,109	6,650	7,671
Advertising Expenses	-	13.37	8.6	9.15	12.6	21.21

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