SHE:000598 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	9,005	8,941	8,943	7,960	7,473	6,670
Other Revenue	126.57	126.57	105.66	126.93	157.01	81.08
Revenue	9,131	9,068	9,049	8,087	7,630	6,751
Revenue Growth (YoY)	-1.03%	0.21%	11.90%	5.99%	13.02%	25.64%
Operations & Maintenance	50.3	50.3	20.53	11.86	15.47	6.66
Selling, General & Admin	769.73	748.59	688.73	650.29	589.72	561.97
Provision for Bad Debts	172.4	154.53	127.59	87.33	38.83	109.62
Other Operating Expenses	5,277	5,256	5,389	4,909	4,767	4,118
Total Operating Expenses	6,312	6,250	6,279	5,671	5,416	4,799
Operating Income	2,820	2,817	2,769	2,416	2,214	1,952
Interest Expense	-543.31	-553.5	-535.28	-417.81	-389.83	-322.79
Interest Income	154.06	153.22	145.86	148.46	140.26	131.44
Net Interest Expense	-389.25	-400.28	-389.42	-269.35	-249.58	-191.34
Income (Loss) on Equity Investments	-0.13	0.02	-	-	-	-
Other Non-Operating Income (Expenses)	-9.78	-7.61	-1.42	-5.54	-7.1	-0.59
EBT Excluding Unusual Items	2,421	2,409	2,379	2,141	1,957	1,760
Gain (Loss) on Sale of Assets	-0.79	-0.17	0.08	0.12	16.28	0.03
Asset Writedown	1.45	-0.2	0.09	-0.69	-19.29	-0.01
Other Unusual Items	47.7	45.05	38.44	41.61	8.67	13.16
Pretax Income	2,469	2,454	2,417	2,182	1,963	1,773
Income Tax Expense	389.35	395.33	362.37	292.42	270.71	262.34
Earnings From Continuing Ops.	2,080	2,059	2,055	1,889	1,692	1,511
Minority Interest in Earnings	-54.97	-53.64	-58.72	-46.08	-74.79	-17.11
Net Income	2,025	2,005	1,996	1,843	1,618	1,494
Net Income to Common	2,025	2,005	1,996	1,843	1,618	1,494
Net Income Growth	-1.10%	0.45%	8.28%	13.97%	8.29%	15.04%
Shares Outstanding (Basic)	2,982	2,981	2,978	2,971	2,972	2,968
Shares Outstanding (Diluted)	2,984	2,984	2,985	2,985	2,985	2,968
Shares Change (YoY)	-0.01%	-0.02%	-0.01%	-0.02%	0.57%	-0.60%
EPS (Basic)	0.68	0.67	0.67	0.62	0.54	0.50
EPS (Diluted)	0.68	0.67	0.67	0.62	0.54	0.50
EPS Growth	-1.09%	0.46%	8.29%	13.99%	7.67%	15.73%
Free Cash Flow	709.02	334.19	-913.94	-1,057	-881.55	-1,056
Free Cash Flow Per Share	0.24	0.11	-0.31	-0.35	-0.29	-0.36
Dividend Per Share	0.235	0.235	0.187	0.170	0.112	0.102
Dividend Growth	25.77%	25.77%	10.00%	51.79%	9.80%	2.00%
Profit Margin	22.17%	22.11%	22.06%	22.80%	21.20%	22.13%
Free Cash Flow Margin	7.76%	3.69%	-10.10%	-13.07%	-11.55%	-15.65%
EBITDA	4,534	4,490	4,275	3,712	3,421	2,982
EBITDA Margin	49.66%	49.52%	47.24%	45.91%	44.84%	44.18%
D&A For EBITDA	1,715	1,673	1,505	1,297	1,207	1,030
EBIT	2,820	2,817	2,769	2,416	2,214	1,952
EBIT Margin	30.88%	31.07%	30.61%	29.87%	29.02%	28.91%
Effective Tax Rate	15.77%	16.11%	14.99%	13.40%	13.79%	14.79%
Revenue as Reported	9,131	9,068	9,049	8,087	7,630	6,751

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