SHE:000429 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	4,411	4,383	4,500	68.15	4,099	5,215
Other Revenue	87.12	87.12	70.08	4,811	69.86	73.55
Revenue	4,498	4,470	4,570	4,879	4,169	5,288
Revenue Growth (YoY)	0.06%	-2.19%	-6.34%	17.04%	-21.17%	39.51%
Cost of Revenue	1,590	1,586	1,631	1,741	1,586	1,930
Gross Profit	2,908	2,884	2,939	3,138	2,582	3,359
Selling, General & Admin	201.57	200.16	203.39	189.46	191.43	223.61
Research & Development	5.72	6.07	5.08	3.25	14.59	13.27
Other Operating Expenses	23.52	22.58	22.96	22.77	20.95	26.15
Operating Expenses	557.22	228.54	231.26	215.28	227.62	265.06
Operating Income	2,351	2,655	2,708	2,923	2,355	3,093
Interest Expense	-133.31	-126.16	-176.54	-214.34	-238.44	-282.65
Interest & Investment Income	361.5	294.2	358.89	406.43	302.3	341.28
Currency Exchange Gain (Loss)	0.41	0.41	-4.54	-0.72	0.99	-0.37
Other Non Operating Income (Expenses)	308.85	308.81	-129.87	-132.7	-98.77	-2.82
EBT Excluding Unusual Items	2,888	3,132	2,756	2,982	2,321	3,149
Gain (Loss) on Sale of Investments	8.73	8.73	2.64	2.46	10.4	-
Gain (Loss) on Sale of Assets	23.38	23.94	-0.72	-	0.48	3.02
Asset Writedown	-0.18	-0.18	0.03	-22.58	-0.42	-3.27
Other Unusual Items	-5.18	-7.54	11.3	11.35	1.36	5.02
Pretax Income	2,922	3,165	2,774	2,977	2,342	3,162
Income Tax Expense	693.72	676.23	671.18	714.56	547.96	735.37
Earnings From Continuing Operations	2,229	2,489	2,103	2,262	1,794	2,427
Minority Interest in Earnings	-632.91	-687.33	-540.79	-628.53	-517.52	-726.38
Net Income	1,596	1,801	1,562	1,634	1,276	1,700
Net Income to Common	1,596	1,801	1,562	1,634	1,276	1,700
Net Income Growth	-11.29%	15.31%	-4.39%	28.01%	-24.94%	95.94%
Shares Outstanding (Basic)	2,078	2,095	2,083	2,095	2,092	2,099
Shares Outstanding (Diluted)	2,078	2,095	2,083	2,095	2,092	2,099
Shares Change (YoY)	-0.45%	0.56%	-0.56%	0.11%	-0.33%	1.60%
EPS (Basic)	0.77	0.86	0.75	0.78	0.61	0.81
EPS (Diluted)	0.77	0.86	0.75	0.78	0.61	0.81
EPS Growth	-10.90%	14.67%	-3.85%	27.87%	-24.69%	92.86%
Free Cash Flow	288.3	1,129	1,220	2,292	1,877	3,156
Free Cash Flow Per Share	0.14	0.54	0.59	1.09	0.90	1.50
Dividend Per Share	0.604	0.604	0.523	0.547	0.428	0.570
Dividend Growth	15.49%	15.49%	-4.39%	27.80%	-24.91%	95.88%
Gross Margin	64.65%	64.51%	64.31%	64.32%	61.95%	63.51%
Operating Margin	52.26%	59.40%	59.25%	59.91%	56.48%	58.50%
Profit Margin	35.48%	40.30%	34.18%	33.49%	30.62%	32.16%
Free Cash Flow Margin	6.41%	25.27%	26.69%	46.98%	45.02%	59.68%
EBITDA	3,359	3,674	3,769	4,071	3,397	4,360
EBITDA Margin	74.67%	82.19%	82.47%	83.45%	81.49%	82.44%
D&A For EBITDA	1,008	1,019	1,061	1,148	1,042	1,266
EBIT	2,351	2,655	2,708	2,923	2,355	3,093
EBIT Margin	52.26%	59.40%	59.25%	59.91%	56.48%	58.50%
Effective Tax Rate	23.74%	21.37%	24.20%	24.00%	23.40%	23.25%
Revenue as Reported	4,498	4,470	4,570	4,879	4,169	5,288

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