SHE:301017 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	Jun '26 Jun 30, 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	10,657	10,225	9,487	9,122	7,709	5,286
Other Revenue	102.84	102.84	83.26	69.51	114.13	35.25
Revenue	10,760	10,327	9,570	9,191	7,823	5,322
Revenue Growth	11.70%	7.91%	4.13%	17.49%	47.00%	14.70%
Cost of Revenue	7,947	7,636	7,158	6,597	5,592	3,806
Gross Profit	2,812	2,691	2,412	2,594	2,231	1,515
Selling, General & Admin	2,556	2,465	2,392	2,259	1,812	1,330
Research & Development	-	-	-	-	0.05	-
Other Operating Expenses	16.84	19.4	20.14	19.81	16.57	12.47
Operating Expenses	2,578	2,489	2,426	2,302	1,849	1,342
Operating Income	234.91	202.29	-13.93	291.99	381.8	173.57
Interest Expense	-126.91	-126.91	-138.88	-118.33	-73.43	-31.98
Interest & Investment Income	8.54	10.24	12.23	13.79	11.18	13.56
Currency Exchange Gain (Loss)	0	0	0.02	-0.01	-	-
Other Non Operating Income (Expenses)	-64.32	-37.21	-35.58	-11.96	-11.95	-25.34
EBT Excluding Unusual Items	52.22	48.41	-176.14	175.5	307.59	129.8
Impairment of Goodwill	-	-	-48.88	-	-	-
Gain (Loss) on Sale of Investments	102.53	104.5	8.48	0.07	0.11	24.82
Gain (Loss) on Sale of Assets	23.48	26.71	22.65	10.25	2.08	-0.71
Legal Settlements	-	-	-	-0.61	-	-9.26
Other Unusual Items	-7.89	-7.89	-19.45	-7.6	10.77	5.81
Pretax Income	172.23	171.73	-213.34	177.59	320.55	150.46
Income Tax Expense	57.98	54.82	-8.33	37.54	87.3	36.14
Earnings From Continuing Operations	114.26	116.91	-205.01	140.05	233.24	114.32
Minority Interest in Earnings	-10.5	-2.68	16.2	-6.99	-3.81	0.6
Net Income	103.76	114.23	-188.81	133.06	229.43	114.92
Net Income to Common	103.76	114.23	-188.81	133.06	229.43	114.92
Net Income Growth	-	-	-	-42.00%	99.64%	-46.88%
Shares Outstanding (Basic)	421	408	402	403	403	383
Shares Outstanding (Diluted)	421	408	402	403	403	383
Shares Change	4.95%	1.56%	-0.37%	0.17%	5.07%	4.47%
EPS (Basic)	0.25	0.28	-0.47	0.33	0.57	0.30
EPS (Diluted)	0.25	0.28	-0.47	0.33	0.57	0.30
EPS Growth	-	-	-	-42.10%	90.00%	-49.15%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	589.16	630.5	315.78	-38.64	37.99	100.92
Free Cash Flow Per Share	1.40	1.54	0.79	-0.10	0.09	0.26
Dividend Per Share	0.045	0.045	-	0.050	0.115	0.073
Dividend Growth	-	-	-	-56.52%	57.53%	-33.64%
Gross Margin	26.14%	26.06%	25.21%	28.22%	28.52%	28.47%
Operating Margin	2.18%	1.96%	-0.15%	3.18%	4.88%	3.26%
Profit Margin	0.96%	1.11%	-1.97%	1.45%	2.93%	2.16%
Free Cash Flow Margin	5.48%	6.11%	3.30%	-0.42%	0.49%	1.90%
EBITDA	291.66	253.74	61.64	359.83	440.06	219.28
EBITDA Margin	2.71%	2.46%	0.64%	3.91%	5.63%	4.12%
D&A For EBITDA	56.75	51.45	75.57	67.83	58.26	45.71
EBIT	234.91	202.29	-13.93	291.99	381.8	173.57
EBIT Margin	2.18%	1.96%	-0.14%	3.18%	4.88%	3.26%
Effective Tax Rate	33.66%	31.92%	-	21.14%	27.24%	24.02%
Revenue as Reported	10,327	10,327	9,570	9,191	7,823	5,322
Advertising Expenses	-	30.53	31.8	41.64	36.79	29.62