SHE:000598 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	9,068	8,943	7,960	7,473	6,670
Other Revenue	-	105.66	126.93	157.01	81.08
Revenue	9,068	9,049	8,087	7,630	6,751
Revenue Growth (YoY)	0.21%	11.90%	5.99%	13.02%	25.64%
Operations & Maintenance	-	20.53	11.86	15.47	6.66
Selling, General & Admin	-	688.73	650.29	589.72	561.97
Provision for Bad Debts	-	127.59	87.33	38.83	109.62
Other Operating Expenses	6,625	5,389	4,909	4,767	4,118
Total Operating Expenses	6,625	6,279	5,671	5,416	4,799
Operating Income	2,443	2,769	2,416	2,214	1,952
Interest Expense	-	-535.28	-417.81	-389.83	-322.79
Interest Income	-	145.86	148.46	140.26	131.44
Net Interest Expense	-	-389.42	-269.35	-249.58	-191.34
Other Non-Operating Income (Expenses)	10.05	-1.42	-5.54	-7.1	-0.59
EBT Excluding Unusual Items	2,453	2,379	2,141	1,957	1,760
Gain (Loss) on Sale of Assets	-	0.08	0.12	16.28	0.03
Asset Writedown	-	0.09	-0.69	-19.29	-0.01
Other Unusual Items	-	38.44	41.61	8.67	13.16
Pretax Income	2,453	2,417	2,182	1,963	1,773
Income Tax Expense	448.83	362.37	292.42	270.71	262.34
Earnings From Continuing Ops.	2,004	2,055	1,889	1,692	1,511
Minority Interest in Earnings	-	-58.72	-46.08	-74.79	-17.11
Net Income	2,004	1,996	1,843	1,618	1,494
Net Income to Common	2,004	1,996	1,843	1,618	1,494
Net Income Growth	0.41%	8.28%	13.97%	8.29%	15.04%
Shares Outstanding (Basic)	2,991	2,978	2,971	2,972	2,968
Shares Outstanding (Diluted)	2,991	2,985	2,985	2,985	2,968
Shares Change (YoY)	0.23%	-0.01%	-0.02%	0.57%	-0.60%
EPS (Basic)	0.67	0.67	0.62	0.54	0.50
EPS (Diluted)	0.67	0.67	0.62	0.54	0.50
EPS Growth	0.18%	8.29%	13.99%	7.67%	15.73%
Free Cash Flow	-	-913.94	-1,057	-881.55	-1,056
Free Cash Flow Per Share	-	-0.31	-0.35	-0.29	-0.36
Dividend Per Share	-	0.187	0.170	0.112	0.102
Dividend Growth	-	10.00%	51.79%	9.80%	2.00%
Profit Margin	22.10%	22.06%	22.80%	21.20%	22.13%
Free Cash Flow Margin	-	-10.10%	-13.07%	-11.55%	-15.65%
EBITDA	3,939	4,266	3,712	3,421	2,982
EBITDA Margin	43.44%	47.14%	45.91%	44.84%	44.18%
D&A For EBITDA	1,496	1,496	1,297	1,207	1,030
EBIT	2,443	2,769	2,416	2,214	1,952
EBIT Margin	26.94%	30.61%	29.87%	29.02%	28.91%
Effective Tax Rate	18.30%	14.99%	13.40%	13.79%	14.79%
Revenue as Reported	-	9,049	8,087	7,630	6,751

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.