SHE:300194 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	1,618	1,678	2,308	2,571	2,378	2,388
Other Revenue	60.17	60.17	83.1	76.94	44.22	64.71
Revenue	1,678	1,738	2,391	2,648	2,422	2,453
Revenue Growth (YoY)	-18.13%	-27.31%	-9.68%	9.33%	-1.28%	3.58%
Cost of Revenue	1,096	1,131	1,174	1,281	1,066	935.97
Gross Profit	582.44	607.61	1,218	1,367	1,355	1,517
Selling, General & Admin	385.78	400.6	804.89	1,021	1,092	1,217
Research & Development	130.42	134.66	153.22	148.79	142.89	120.38
Other Operating Expenses	15.46	9.38	6.9	15.31	16.28	28.08
Operating Expenses	534.81	550.92	968.97	1,182	1,255	1,370
Operating Income	47.62	56.69	248.55	184.51	100.24	147.59
Interest Expense	-24.17	-22.15	-23.34	-29.57	-26.94	-20.45
Interest & Investment Income	154.26	168.16	106.8	109.41	90.07	74.46
Currency Exchange Gain (Loss)	0.2	0.2	0.98	0.66	1.47	-0.59
Other Non Operating Income (Expenses)	-2.78	-5.97	-4.69	-0.85	-1.4	-1.76
EBT Excluding Unusual Items	175.14	196.92	328.3	264.17	163.44	199.26
Impairment of Goodwill	-129.02	-129.02	-	-224.51	-22.97	-201.06
Gain (Loss) on Sale of Investments	-1.69	-1.86	-32.74	0.41	0.42	0.75
Gain (Loss) on Sale of Assets	0.15	0.27	0.01	220.65	4.85	0.31
Asset Writedown	4.48	2.65	-0.68	-3.61	-2.44	-626.17
Other Unusual Items	20.62	14.28	17.3	33.24	46.07	34.93
Pretax Income	69.67	83.24	312.2	290.36	189.35	-591.99
Income Tax Expense	7.2	6.76	34.03	55.95	-11.47	17.61
Earnings From Continuing Operations	62.46	76.49	278.17	234.41	200.82	-609.59
Minority Interest in Earnings	0.4	0.51	1.67	-2.54	3.79	312.68
Net Income	62.86	77	279.84	231.87	204.61	-296.91
Net Income to Common	62.86	77	279.84	231.87	204.61	-296.91
Net Income Growth	-72.23%	-72.48%	20.69%	13.32%	-	-
Shares Outstanding (Basic)	1,270	1,283	1,166	1,220	1,204	1,188
Shares Outstanding (Diluted)	1,270	1,283	1,166	1,220	1,204	1,188
Shares Change (YoY)	10.70%	10.06%	-4.46%	1.40%	1.34%	2.10%
EPS (Basic)	0.05	0.06	0.24	0.19	0.17	-0.25
EPS (Diluted)	0.05	0.06	0.24	0.19	0.17	-0.25
EPS Growth	-74.91%	-75.00%	26.32%	11.77%	-	-
Free Cash Flow	280.61	203.89	61.8	113.3	-43.6	-155.91
Free Cash Flow Per Share	0.22	0.16	0.05	0.09	-0.04	-0.13
Dividend Per Share	0.070	0.070	0.050	0.050	0.050	-
Dividend Growth	40.00%	40.00%	-	-	-	-
Gross Margin	34.71%	34.96%	50.91%	51.63%	55.97%	61.85%
Operating Margin	2.84%	3.26%	10.39%	6.97%	4.14%	6.02%
Profit Margin	3.75%	4.43%	11.70%	8.76%	8.45%	-12.10%
Free Cash Flow Margin	16.72%	11.73%	2.58%	4.28%	-1.80%	-6.35%
EBITDA	253.08	260.54	446.01	392.88	284.11	321.89
EBITDA Margin	15.08%	14.99%	18.65%	14.84%	11.73%	13.12%
D&A For EBITDA	205.46	203.86	197.45	208.37	183.87	174.29
EBIT	47.62	56.69	248.55	184.51	100.24	147.59
EBIT Margin	2.84%	3.26%	10.39%	6.97%	4.14%	6.02%
Effective Tax Rate	10.34%	8.12%	10.90%	19.27%	-	-
Revenue as Reported	1,678	1,738	2,391	2,648	2,422	2,453
Advertising Expenses	-	18.89	24.05	2.44	0.48	0.5

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