SHE:000593 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	1,444	1,519	1,702	1,572	1,432	1,468
Other Revenue	-	-	34.94	28.43	36.79	39.95
Revenue	1,444	1,519	1,737	1,600	1,469	1,507
Revenue Growth (YoY)	-16.96%	-12.50%	8.53%	8.92%	-2.55%	18.20%
Operations & Maintenance	-	-	1.03	0.64	0.58	0.77
Selling, General & Admin	95.4	95.24	101.37	113.78	111.84	126.28
Provision for Bad Debts	-	-	4.08	4.2	-0.36	-5
Other Operating Expenses	1,227	1,315	1,521	1,362	1,257	1,262
Total Operating Expenses	1,323	1,410	1,628	1,482	1,373	1,388
Operating Income	120.91	109.38	108.81	117.65	96.5	119.5
Interest Expense	-	-	-23.15	-25.02	-30.42	-41.58
Interest Income	-	-	2.07	3.33	2.13	1.06
Net Interest Expense	-	-	-21.09	-21.69	-28.29	-40.53
Other Non-Operating Income (Expenses)	-43.62	-46.65	-4.39	-5.05	-1.59	-4.19
EBT Excluding Unusual Items	74.47	62.73	83.33	90.91	66.62	74.78
Impairment of Goodwill	-	-	-51.94	-174.66	-	-
Gain (Loss) on Sale of Investments	-23.83	-25.16	-3.97	-39.04	-0.51	-0.34
Gain (Loss) on Sale of Assets	0.21	0.21	0.03	6.48	0.01	2.92
Asset Writedown	-0.5	-0.43	-0.18	-93.04	-0.05	-0.09
Other Unusual Items	-	-	8.4	3.68	3.21	2.65
Pretax Income	50.35	37.36	35.67	-205.66	69.27	79.92
Income Tax Expense	18.55	17.09	15.16	23.3	22.16	23.86
Earnings From Continuing Ops.	31.8	20.26	20.52	-228.95	47.11	56.06
Minority Interest in Earnings	-0.14	0.07	-1.47	-12.38	1.13	-5.56
Net Income	31.65	20.34	19.05	-241.33	48.24	50.49
Net Income to Common	31.65	20.34	19.05	-241.33	48.24	50.49
Net Income Growth	279.83%	6.77%	-	-	-4.46%	44.58%
Shares Outstanding (Basic)	353	357	359	359	357	358
Shares Outstanding (Diluted)	353	357	359	359	357	358
Shares Change (YoY)	-2.48%	-0.72%	0.22%	0.35%	-0.21%	-0.53%
EPS (Basic)	0.09	0.06	0.05	-0.67	0.14	0.14
EPS (Diluted)	0.09	0.06	0.05	-0.67	0.14	0.14
EPS Growth	289.50%	7.55%	-	-	-4.25%	45.36%
Free Cash Flow	94	85.26	74.36	167.72	119.76	134.04
Free Cash Flow Per Share	0.27	0.24	0.21	0.47	0.34	0.37
Profit Margin	2.19%	1.34%	1.10%	-15.08%	3.28%	3.35%
Free Cash Flow Margin	6.51%	5.61%	4.28%	10.48%	8.15%	8.89%
EBITDA	195.69	184.67	186.19	195.28	171.71	190.37
EBITDA Margin	13.56%	12.15%	10.72%	12.20%	11.69%	12.63%
D&A For EBITDA	74.77	75.29	77.37	77.63	75.21	70.87
EBIT	120.91	109.38	108.81	117.65	96.5	119.5
EBIT Margin	8.38%	7.20%	6.27%	7.35%	6.57%	7.93%
Effective Tax Rate	36.85%	45.76%	42.48%	-	31.99%	29.86%
Revenue as Reported	-	-	1,737	1,600	1,469	1,507

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