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	Jun '26 Jun 30, 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	4,388	4,383	4,500	68.15	4,099	5,215
Other Revenue	82.93	87.12	70.08	4,811	69.86	73.55
Revenue	4,471	4,470	4,570	4,879	4,169	5,288
Revenue Growth	0.31%	-2.19%	-6.34%	17.04%	-21.17%	39.51%
Cost of Revenue	1,593	1,586	1,631	1,741	1,586	1,930
Gross Profit	2,877	2,884	2,939	3,138	2,582	3,359
Selling, General & Admin	205.01	200.16	203.39	189.46	191.43	223.61
Research & Development	5.36	6.07	5.08	3.25	14.59	13.27
Other Operating Expenses	23.14	22.58	22.96	22.77	20.95	26.15
Operating Expenses	232.97	228.54	231.26	215.28	227.62	265.06
Operating Income	2,644	2,655	2,708	2,923	2,355	3,093
Interest Expense	-146.05	-126.16	-176.54	-214.34	-238.44	-282.65
Interest & Investment Income	380.79	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)	-19.96	308.81	-129.87	-132.7	-98.77	-2.82
EBT Excluding Unusual Items	2,860	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	23.94	23.94	-0.72	-	0.48	3.02
Asset Writedown	-0.64	-0.18	0.03	-22.58	-0.42	-3.27
Other Unusual Items	-8.94	-7.54	11.3	11.35	1.36	5.02
Pretax Income	2,891	3,165	2,774	2,977	2,342	3,162
Income Tax Expense	671.93	676.23	671.18	714.56	547.96	735.37
Earnings From Continuing Operations	2,219	2,489	2,103	2,262	1,794	2,427
Minority Interest in Earnings	-624.84	-687.33	-540.79	-628.53	-517.52	-726.38
Net Income	1,594	1,801	1,562	1,634	1,276	1,700
Net Income to Common	1,594	1,801	1,562	1,634	1,276	1,700
Net Income Growth	-9.61%	15.31%	-4.39%	28.01%	-24.94%	95.94%
Shares Outstanding (Basic)	2,095	2,095	2,083	2,095	2,092	2,099
Shares Outstanding (Diluted)	2,095	2,095	2,083	2,095	2,092	2,099
Shares Change	1.01%	0.56%	-0.56%	0.11%	-0.33%	1.60%
EPS (Basic)	0.76	0.86	0.75	0.78	0.61	0.81
EPS (Diluted)	0.76	0.86	0.75	0.78	0.61	0.81
EPS Growth	-10.43%	14.67%	-3.85%	27.87%	-24.69%	92.86%

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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	-205.12	1,129	1,220	2,292	1,877	3,156
Free Cash Flow Per Share	-0.10	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	64.36%	64.51%	64.31%	64.32%	61.95%	63.51%
Operating Margin	59.15%	59.40%	59.25%	59.91%	56.48%	58.50%
Profit Margin	35.66%	40.30%	34.18%	33.49%	30.62%	32.16%
Free Cash Flow Margin	-4.59%	25.27%	26.69%	46.98%	45.02%	59.68%
EBITDA	3,667	3,674	3,769	4,071	3,397	4,360
EBITDA Margin	82.02%	82.19%	82.47%	83.45%	81.49%	82.44%
D&A For EBITDA	1,023	1,019	1,061	1,148	1,042	1,266
EBIT	2,644	2,655	2,708	2,923	2,355	3,093
EBIT Margin	59.15%	59.40%	59.25%	59.91%	56.48%	58.50%
Effective Tax Rate	23.24%	21.37%	24.20%	24.00%	23.40%	23.25%
Revenue as Reported	4,471	4,470	4,570	4,879	4,169	5,288