SHE:000429 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	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	4,469	4,500	68.15	4,099	5,215
Other Revenue	-	70.08	4,811	69.86	73.55
Revenue	4,469	4,570	4,879	4,169	5,288
Revenue Growth (YoY)	-2.21%	-6.34%	17.04%	-21.17%	39.51%
Cost of Revenue	1,304	1,631	1,741	1,586	1,930
Gross Profit	3,165	2,939	3,138	2,582	3,359
Selling, General & Admin	-	203.39	189.46	191.43	223.61
Research & Development	-	5.08	3.25	14.59	13.27
Other Operating Expenses	-	23.2	22.77	20.95	26.15
Operating Expenses	-	231.49	215.28	227.62	265.06
Operating Income	3,165	2,707	2,923	2,355	3,093
Interest Expense	-	-176.54	-214.34	-238.44	-282.65
Interest & Investment Income	-	358.89	406.43	302.3	341.28
Currency Exchange Gain (Loss)	-	-4.54	-0.72	0.99	-0.37
Other Non Operating Income (Expenses)	-1.09	-122.83	-132.7	-98.77	-2.82
EBT Excluding Unusual Items	3,164	2,762	2,982	2,321	3,149
Gain (Loss) on Sale of Investments	-	2.64	2.46	10.4	-
Gain (Loss) on Sale of Assets	-	-0.72	-	0.48	3.02
Asset Writedown	-	0.03	-22.58	-0.42	-3.27
Other Unusual Items	-	4.49	11.35	1.36	5.02
Pretax Income	3,164	2,774	2,977	2,342	3,162
Income Tax Expense	1,363	671.18	714.56	547.96	735.37
Earnings From Continuing Operations	1,801	2,103	2,262	1,794	2,427
Minority Interest in Earnings	-	-540.79	-628.53	-517.52	-726.38
Net Income	1,801	1,562	1,634	1,276	1,700
Net Income to Common	1,801	1,562	1,634	1,276	1,700
Net Income Growth	15.27%	-4.39%	28.01%	-24.94%	95.94%
Shares Outstanding (Basic)	2,094	2,083	2,095	2,092	2,099
Shares Outstanding (Diluted)	2,094	2,083	2,095	2,092	2,099
Shares Change (YoY)	0.52%	-0.56%	0.11%	-0.33%	1.60%
EPS (Basic)	0.86	0.75	0.78	0.61	0.81
EPS (Diluted)	0.86	0.75	0.78	0.61	0.81
EPS Growth	14.67%	-3.85%	27.87%	-24.69%	92.86%
Free Cash Flow	-	1,220	2,292	1,877	3,156
Free Cash Flow Per Share	-	0.59	1.09	0.90	1.50
Dividend Per Share	-	0.523	0.547	0.428	0.570
Dividend Growth	-	-4.39%	27.80%	-24.91%	95.88%
Gross Margin	70.83%	64.31%	64.32%	61.95%	63.51%
Operating Margin	70.83%	59.24%	59.91%	56.48%	58.50%
Profit Margin	40.29%	34.18%	33.49%	30.62%	32.16%
Free Cash Flow Margin	-	26.69%	46.98%	45.02%	59.68%
EBITDA	4,224	3,766	4,071	3,397	4,360
EBITDA Margin	94.52%	82.42%	83.45%	81.49%	82.44%
D&A For EBITDA	1,059	1,059	1,148	1,042	1,266
EBIT	3,165	2,707	2,923	2,355	3,093
EBIT Margin	70.83%	59.24%	59.91%	56.48%	58.50%
Effective Tax Rate	43.09%	24.20%	24.00%	23.40%	23.25%
Revenue as Reported	-	4,570	4,879	4,169	5,288

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