SHE:000403 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	2,600	2,631	2,654	2,325	2,396	1,966
Other Revenue	1.14	1.14	1.05	3.27	9.59	5.27
Revenue	2,601	2,633	2,655	2,329	2,405	1,972
Revenue Growth (YoY)	0.28%	-0.83%	14.00%	-3.18%	21.98%	87.80%
Cost of Revenue	1,572	1,544	1,352	1,130	1,151	1,064
Gross Profit	1,028	1,089	1,303	1,199	1,254	907.93
Selling, General & Admin	444.44	438.17	437.26	465.81	565.05	419
Research & Development	56.13	55.92	55.18	79.69	75.36	35.63
Other Operating Expenses	26.56	22.26	22.07	21.69	16.8	15.28
Operating Expenses	539.77	525.12	509.9	565.15	666.86	477.73
Operating Income	488.69	563.97	793.13	633.7	587.01	430.2
Interest Expense	-19.59	-18.19	-10.67	-9.63	-12.03	-10.78
Interest & Investment Income	59.39	63.52	78.01	75.08	68.22	62.3
Currency Exchange Gain (Loss)	0.01	0.01	0.13	-0.12	2.4	-0.21
Other Non Operating Income (Expenses)	3.51	-0.3	0.03	0.64	-2.23	-3.44
EBT Excluding Unusual Items	532.02	609.01	860.61	699.67	643.37	478.06
Impairment of Goodwill	-78.6	-78.6	-	-	-	-103.18
Gain (Loss) on Sale of Investments	5.68	4.3	6.38	-18.97	4.93	74.21
Gain (Loss) on Sale of Assets	0.72	0.76	-0.12	-0.54	0.44	0.27
Asset Writedown	-17.86	-17.86	-3.46	-1.29	-3.59	-0.49
Legal Settlements	-	-	-	-	-	-2.14
Other Unusual Items	-15.94	-17.3	-10.87	9.25	15.24	11.28
Pretax Income	426.02	500.3	852.78	688.11	660.39	458.01
Income Tax Expense	72.69	80.77	107.74	76.64	72.7	66.47
Earnings From Continuing Operations	353.33	419.54	745.04	611.47	587.69	391.54
Minority Interest in Earnings	-0.18	-0.27	0.28	0.64	-0.56	-0.48
Net Income	353.15	419.27	745.32	612.11	587.13	391.06
Net Income to Common	353.15	419.27	745.32	612.11	587.13	391.06
Net Income Growth	-50.43%	-43.75%	21.76%	4.25%	50.14%	110.29%
Shares Outstanding (Basic)	993	953	956	947	950	917
Shares Outstanding (Diluted)	993	953	956	947	950	919
Shares Change (YoY)	2.33%	-0.28%	0.88%	-0.33%	3.38%	44.25%
EPS (Basic)	0.36	0.44	0.78	0.65	0.62	0.43
EPS (Diluted)	0.36	0.44	0.78	0.65	0.62	0.43
EPS Growth	-51.56%	-43.59%	20.71%	4.60%	45.23%	45.78%
Free Cash Flow	-544.84	-549.39	-198.92	301.74	145.58	82.06
Free Cash Flow Per Share	-0.55	-0.58	-0.21	0.32	0.15	0.09
Dividend Per Share	-	-	0.385	0.154	0.062	0.043
Dividend Growth	-	-	150.06%	149.27%	43.16%	-
Gross Margin	39.54%	41.37%	49.08%	51.48%	52.13%	46.05%
Operating Margin	18.79%	21.42%	29.88%	27.21%	24.41%	21.82%
Profit Margin	13.58%	15.93%	28.08%	26.28%	24.41%	19.83%
Free Cash Flow Margin	-20.95%	-20.87%	-7.49%	12.96%	6.05%	4.16%
EBITDA	622.69	696.19	918.23	770.71	704.63	538.01
EBITDA Margin	23.94%	26.45%	34.59%	33.10%	29.30%	27.29%
D&A For EBITDA	133.99	132.22	125.1	137.02	117.62	107.82
EBIT	488.69	563.97	793.13	633.7	587.01	430.2
EBIT Margin	18.79%	21.42%	29.88%	27.21%	24.41%	21.82%
Effective Tax Rate	17.06%	16.14%	12.63%	11.14%	11.01%	14.51%
Revenue as Reported	2,601	2,633	2,655	2,329	2,405	1,972

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