SHE:000513 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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	11,897	11,701	12,326	12,524	11,928
Other Revenue	123.46	111.73	104.45	105.89	135.88
Revenue	12,020	11,812	12,430	12,630	12,064
Revenue Growth (YoY)	1.76%	-4.97%	-1.58%	4.69%	14.67%
Cost of Revenue	4,135	4,249	4,772	4,577	4,309
Gross Profit	7,885	7,564	7,658	8,053	7,754
Selling, General & Admin	4,182	3,869	4,255	4,545	4,548
Research & Development	937.95	1,033	1,335	1,427	1,146
Other Operating Expenses	139.71	120.33	133.07	143.97	135.87
Operating Expenses	5,259	5,027	5,736	6,121	5,837
Operating Income	2,627	2,536	1,921	1,932	1,917
Interest Expense	-57.21	-88.61	-102.09	-97.55	-84
Interest & Investment Income	347.65	265.34	429.98	359.25	251.81
Currency Exchange Gain (Loss)	-22.92	0.94	10.23	56.68	-4.28
Other Non Operating Income (Expenses)	-5.72	-6.98	-4.42	-6.37	-4.01
EBT Excluding Unusual Items	2,888	2,707	2,255	2,244	2,077
Gain (Loss) on Sale of Investments	17.98	-15.44	-25.65	-75.27	-23.03
Gain (Loss) on Sale of Assets	-0.54	45.2	-0.17	0.86	7.03
Asset Writedown	-73.35	-19.86	-2.43	-13.99	-6.15
Other Unusual Items	29.49	89.08	155.76	174.68	191.12
Pretax Income	2,862	2,806	2,383	2,331	2,246
Income Tax Expense	451.01	501.66	485.07	374.97	293.59
Earnings From Continuing Operations	2,411	2,304	1,898	1,956	1,952
Minority Interest in Earnings	-387.79	-243.39	56.05	-46.17	-176.42
Net Income	2,023	2,061	1,954	1,909	1,776
Net Income to Common	2,023	2,061	1,954	1,909	1,776
Net Income Growth	-1.84%	5.50%	2.32%	7.53%	3.54%
Shares Outstanding (Basic)	893	920	929	935	935
Shares Outstanding (Diluted)	893	920	931	936	936
Shares Change (YoY)	-2.96%	-1.10%	-0.56%	-0.04%	-0.25%
EPS (Basic)	2.27	2.24	2.10	2.04	1.90
EPS (Diluted)	2.27	2.24	2.10	2.04	1.90
EPS Growth	1.16%	6.64%	2.94%	7.47%	3.73%
Free Cash Flow	2,571	2,409	2,428	1,833	593.23
Free Cash Flow Per Share	2.88	2.62	2.61	1.96	0.63
Dividend Per Share	1.430	1.100	1.350	1.600	1.300
Dividend Growth	30.00%	-18.52%	-15.63%	23.08%	4.00%
Gross Margin	65.60%	64.03%	61.61%	63.76%	64.28%
Operating Margin	21.85%	21.47%	15.46%	15.30%	15.89%
Profit Margin	16.83%	17.45%	15.72%	15.12%	14.72%
Free Cash Flow Margin	21.39%	20.39%	19.54%	14.51%	4.92%
EBITDA	3,173	3,092	2,740	2,563	2,342
EBITDA Margin	26.40%	26.18%	22.05%	20.29%	19.41%
D&A For EBITDA	546.04	555.85	818.8	630.56	425.02
EBIT	2,627	2,536	1,921	1,932	1,917
EBIT Margin	21.85%	21.47%	15.46%	15.30%	15.89%
Effective Tax Rate	15.76%	17.88%	20.36%	16.09%	13.07%

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