SHE:000156 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	9,165	9,341	9,656	9,311	8,384
Other Revenue	12.86	53.13	50.4	75.53	99.5
Revenue	9,178	9,395	9,707	9,386	8,484
Revenue Growth (YoY)	-2.30%	-3.22%	3.42%	10.64%	11.96%
Cost of Revenue	6,461	6,537	6,788	6,456	5,759
Gross Profit	2,717	2,857	2,919	2,930	2,725
Selling, General & Admin	1,864	1,873	1,786	1,814	1,702
Research & Development	595.78	644.73	600.8	506.01	371.63
Other Operating Expenses	12.77	6.66	-28.13	4.77	1.47
Operating Expenses	2,500	2,668	2,475	2,426	2,157
Operating Income	216.71	189	444.83	503.98	567.49
Interest Expense	-53.94	-47.7	-57.42	-33.85	-19.34
Interest & Investment Income	208.66	331.58	304.98	233.91	256.49
Currency Exchange Gain (Loss)	-	-	-	-	0.04
Other Non Operating Income (Expenses)	-16.96	20.09	4.61	-16.29	4.11
EBT Excluding Unusual Items	354.47	492.97	697	687.75	808.79
Gain (Loss) on Sale of Investments	25.38	2.69	-8.2	-2.42	-1.72
Gain (Loss) on Sale of Assets	39.15	2.53	0.05	0.04	-0.03
Asset Writedown	-15.09	-15.22	-40.39	-26.84	-20.27
Other Unusual Items	77.06	58.36	70.48	148.16	142.82
Pretax Income	480.97	541.33	718.94	806.69	929.58
Income Tax Expense	5.38	-0.49	15.25	-0.53	2.82
Earnings From Continuing Operations	475.59	541.82	703.69	807.22	926.76
Minority Interest in Earnings	-9.15	-7.82	-14.69	-14.62	-19.96
Net Income	466.44	534	689	792.6	906.79
Net Income to Common	466.44	534	689	792.6	906.79
Net Income Growth	-12.65%	-22.50%	-13.07%	-12.59%	7.48%
Shares Outstanding (Basic)	1,866	1,841	1,862	1,843	1,851
Shares Outstanding (Diluted)	1,866	1,841	1,862	1,843	1,851
Shares Change (YoY)	1.32%	-1.12%	1.03%	-0.40%	22.84%
EPS (Basic)	0.25	0.29	0.37	0.43	0.49
EPS (Diluted)	0.25	0.29	0.37	0.43	0.49
EPS Growth	-13.79%	-21.62%	-13.95%	-12.25%	-12.50%
Free Cash Flow	883.38	704.08	324.36	42.91	823.79
Free Cash Flow Per Share	0.47	0.38	0.17	0.02	0.45
Dividend Per Share	0.160	0.180	0.220	0.220	0.200
Dividend Growth	-11.11%	-18.18%	-	10.00%	17.65%
Gross Margin	29.60%	30.42%	30.08%	31.22%	32.12%
Operating Margin	2.36%	2.01%	4.58%	5.37%	6.69%
Profit Margin	5.08%	5.68%	7.10%	8.44%	10.69%
Free Cash Flow Margin	9.63%	7.49%	3.34%	0.46%	9.71%
EBITDA	1,015	1,100	1,323	1,346	1,365
EBITDA Margin	11.06%	11.70%	13.63%	14.34%	16.09%
D&A For EBITDA	798.43	910.53	877.89	842.13	797.66
EBIT	216.71	189	444.83	503.98	567.49
EBIT Margin	2.36%	2.01%	4.58%	5.37%	6.69%
Effective Tax Rate	1.12%	-	2.12%	-	0.30%
Revenue as Reported	9,178	9,395	9,707	9,386	8,484

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.