SHE:000156 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	9,061	9,165	9,341	9,656	9,311	8,384
Other Revenue	12.86	12.86	53.13	50.4	75.53	99.5
Revenue	9,074	9,178	9,395	9,707	9,386	8,484
Revenue Growth (YoY)	-4.17%	-2.30%	-3.22%	3.42%	10.64%	11.96%
Cost of Revenue	6,415	6,461	6,537	6,788	6,456	5,759
Gross Profit	2,660	2,717	2,857	2,919	2,930	2,725
Selling, General & Admin	1,840	1,864	1,873	1,786	1,814	1,702
Research & Development	571.47	595.78	644.73	600.8	506.01	371.63
Other Operating Expenses	9.7	12.77	6.66	-28.13	4.77	1.47
Operating Expenses	2,449	2,500	2,668	2,475	2,426	2,157
Operating Income	210.71	216.71	189	444.83	503.98	567.49
Interest Expense	-54.75	-53.94	-47.7	-57.42	-33.85	-19.34
Interest & Investment Income	203.18	208.66	331.58	304.98	233.91	256.49
Currency Exchange Gain (Loss)	-	-	-	-	-	0.04
Other Non Operating Income (Expenses)	-13.81	-16.96	20.09	4.61	-16.29	4.11
EBT Excluding Unusual Items	345.34	354.47	492.97	697	687.75	808.79
Gain (Loss) on Sale of Investments	15.79	25.38	2.69	-8.2	-2.42	-1.72
Gain (Loss) on Sale of Assets	39	39.15	2.53	0.05	0.04	-0.03
Asset Writedown	-14.45	-15.09	-15.22	-40.39	-26.84	-20.27
Other Unusual Items	77.06	77.06	58.36	70.48	148.16	142.82
Pretax Income	462.74	480.97	541.33	718.94	806.69	929.58
Income Tax Expense	4.81	5.38	-0.49	15.25	-0.53	2.82
Earnings From Continuing Operations	457.94	475.59	541.82	703.69	807.22	926.76
Minority Interest in Earnings	-9.45	-9.15	-7.82	-14.69	-14.62	-19.96
Net Income	448.49	466.44	534	689	792.6	906.79
Net Income to Common	448.49	466.44	534	689	792.6	906.79
Net Income Growth	-18.92%	-12.65%	-22.50%	-13.07%	-12.59%	7.48%
Shares Outstanding (Basic)	1,866	1,866	1,841	1,862	1,843	1,851
Shares Outstanding (Diluted)	1,866	1,866	1,841	1,862	1,843	1,851
Shares Change (YoY)	1.40%	1.32%	-1.12%	1.03%	-0.40%	22.84%
EPS (Basic)	0.24	0.25	0.29	0.37	0.43	0.49
EPS (Diluted)	0.24	0.25	0.29	0.37	0.43	0.49
EPS Growth	-20.04%	-13.79%	-21.62%	-13.95%	-12.25%	-12.50%
Free Cash Flow	385.12	883.38	704.08	324.36	42.91	823.79
Free Cash Flow Per Share	0.21	0.47	0.38	0.17	0.02	0.45
Dividend Per Share	0.160	0.160	0.180	0.220	0.220	0.200
Dividend Growth	-11.11%	-11.11%	-18.18%	-	10.00%	17.65%
Gross Margin	29.31%	29.60%	30.42%	30.08%	31.22%	32.12%
Operating Margin	2.32%	2.36%	2.01%	4.58%	5.37%	6.69%
Profit Margin	4.94%	5.08%	5.68%	7.10%	8.44%	10.69%
Free Cash Flow Margin	4.24%	9.63%	7.49%	3.34%	0.46%	9.71%
EBITDA	981.12	1,015	1,100	1,323	1,346	1,365
EBITDA Margin	10.81%	11.06%	11.70%	13.63%	14.34%	16.09%
D&A For EBITDA	770.41	798.43	910.53	877.89	842.13	797.66
EBIT	210.71	216.71	189	444.83	503.98	567.49
EBIT Margin	2.32%	2.36%	2.01%	4.58%	5.37%	6.69%
Effective Tax Rate	1.04%	1.12%	-	2.12%	-	0.30%
Revenue as Reported	9,074	9,178	9,395	9,707	9,386	8,484

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