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	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	8,970	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	8,983	9,178	9,395	9,707	9,386	8,484
Revenue Growth	-5.29%	-2.30%	-3.22%	3.42%	10.64%	11.96%
Cost of Revenue	6,461	6,461	6,537	6,788	6,456	5,759
Gross Profit	2,522	2,717	2,857	2,919	2,930	2,725
Selling, General & Admin	1,864	1,864	1,873	1,786	1,814	1,702
Research & Development	595.78	595.78	644.73	600.8	506.01	371.63
Other Operating Expenses	-132.09	12.77	6.66	-28.13	4.77	1.47
Operating Expenses	2,356	2,500	2,668	2,475	2,426	2,157
Operating Income	166.68	216.71	189	444.83	503.98	567.49
Interest Expense	-53.94	-53.94	-47.7	-57.42	-33.85	-19.34
Interest & Investment Income	208.66	208.66	331.58	304.98	233.91	256.49
Currency Exchange Gain (Loss)	-	-	-	-	-	0.04
Other Non Operating Income (Expenses)	-10.77	-16.96	20.09	4.61	-16.29	4.11
EBT Excluding Unusual Items	310.64	354.47	492.97	697	687.75	808.79
Gain (Loss) on Sale of Investments	25.38	25.38	2.69	-8.2	-2.42	-1.72
Gain (Loss) on Sale of Assets	39.15	39.15	2.53	0.05	0.04	-0.03
Asset Writedown	-15.09	-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	437.14	480.97	541.33	718.94	806.69	929.58
Income Tax Expense	5.37	5.38	-0.49	15.25	-0.53	2.82
Earnings From Continuing Operations	431.77	475.59	541.82	703.69	807.22	926.76
Minority Interest in Earnings	-9.15	-9.15	-7.82	-14.69	-14.62	-19.96
Net Income	422.62	466.44	534	689	792.6	906.79
Net Income to Common	422.62	466.44	534	689	792.6	906.79
Net Income Growth	-22.49%	-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	1.36%	1.32%	-1.12%	1.03%	-0.40%	22.84%
EPS (Basic)	0.23	0.25	0.29	0.37	0.43	0.49
EPS (Diluted)	0.23	0.25	0.29	0.37	0.43	0.49
EPS Growth	-23.53%	-13.79%	-21.62%	-13.95%	-12.25%	-12.50%

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	-	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	0.160	0.180	0.220	0.220	0.200
Dividend Growth	-11.11%	-11.11%	-18.18%	0%	10.00%	17.65%
Gross Margin	28.08%	29.60%	30.42%	30.08%	31.22%	32.12%
Operating Margin	1.85%	2.36%	2.01%	4.58%	5.37%	6.69%
Profit Margin	4.71%	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	1,030	1,015	1,100	1,323	1,346	1,365
EBITDA Margin	11.47%	11.06%	11.70%	13.63%	14.34%	16.09%
D&A For EBITDA	863.71	798.43	910.53	877.89	842.13	797.66
EBIT	166.68	216.71	189	444.83	503.98	567.49
EBIT Margin	1.85%	2.36%	2.01%	4.58%	5.37%	6.69%
Effective Tax Rate	1.23%	1.12%	-	2.12%	-	0.30%
Revenue as Reported	9,178	9,178	9,395	9,707	9,386	8,484