SHE:000725 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	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	196,200	198,939	193,576	169,749	174,113	217,252
Other Revenue	5,651	5,651	4,804	4,794	4,301	3,784
Revenue	201,851	204,590	198,381	174,543	178,414	221,036
Revenue Growth	-3.51%	3.13%	13.66%	-2.17%	-19.28%	63.06%
Cost of Revenue	172,755	176,394	171,493	156,719	164,575	160,831
Gross Profit	29,096	28,196	26,888	17,825	13,839	60,205
Selling, General & Admin	8,375	8,069	8,214	7,799	10,412	12,083
Research & Development	14,781	13,837	13,123	11,320	11,101	10,616
Other Operating Expenses	740.71	919.82	804.85	724.27	1,247	-668.56
Operating Expenses	23,901	22,891	22,248	19,859	22,809	22,059
Operating Income	5,195	5,305	4,640	-2,034	-8,970	38,145
Interest Expense	-3,024	-3,292	-4,033	-3,537	-3,572	-4,867
Interest & Investment Income	2,681	2,482	2,286	2,843	7,577	2,398
Currency Exchange Gain (Loss)	-	-	-	439.33	-258.46	248.02
Other Non Operating Income (Expenses)	-1,982	-375.77	670.69	258.68	-99.16	-19.72
EBT Excluding Unusual Items	2,869	4,119	3,563	-2,030	-5,323	35,905
Impairment of Goodwill	-	-	-51.13	-	-147.76	-279.74
Gain (Loss) on Sale of Investments	1,143	431.72	-129.17	291.54	150.84	82.96
Gain (Loss) on Sale of Assets	15.74	35.33	106.93	23.3	12.41	153.51
Asset Writedown	-61.06	-234.06	-201.04	-245.38	-190.16	-776.97
Other Unusual Items	2,682	2,682	1,797	3,794	5,549	-
Pretax Income	6,649	7,034	5,086	1,833	51.22	35,084
Income Tax Expense	2,643	2,007	940.38	1,463	1,792	4,188
Earnings From Continuing Operations	4,006	5,027	4,145	369.87	-1,741	30,896
Minority Interest in Earnings	1,501	829.59	1,178	2,178	9,282	-4,936
Net Income	5,507	5,857	5,323	2,547	7,541	25,961
Preferred Dividends & Other Adjustments	15.92	15.92	72.74	135.73	595.22	564.83
Net Income to Common	5,491	5,841	5,251	2,412	6,946	25,396
Net Income Growth	-16.07%	11.25%	117.71%	-65.28%	-72.65%	458.19%
Shares Outstanding (Basic)	37,531	37,305	37,520	37,430	37,503	35,705
Shares Outstanding (Diluted)	37,531	37,305	37,520	37,430	37,503	35,705
Shares Change	-3.01%	-0.57%	0.24%	-0.19%	5.04%	2.94%
EPS (Basic)	0.15	0.16	0.14	0.06	0.19	0.71
EPS (Diluted)	0.15	0.16	0.14	0.06	0.19	0.71
EPS Growth	-13.46%	11.89%	133.23%	-67.61%	-73.91%	446.15%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	12,834	8,730	13,700	13,494	13,624	26,601
Free Cash Flow Per Share	0.34	0.23	0.36	0.36	0.36	0.74
Dividend Per Share	0.056	0.056	0.050	0.030	0.061	0.210
Dividend Growth	12.00%	12.00%	66.67%	-50.82%	-70.95%	110.00%
Gross Margin	14.41%	13.78%	13.55%	10.21%	7.76%	27.24%
Operating Margin	2.57%	2.59%	2.34%	-1.17%	-5.03%	17.26%
Profit Margin	2.72%	2.85%	2.65%	1.38%	3.89%	11.49%
Free Cash Flow Margin	6.36%	4.27%	6.91%	7.73%	7.64%	12.04%
EBITDA	43,173	43,401	42,892	32,642	25,447	72,763
EBITDA Margin	21.39%	21.21%	21.62%	18.70%	14.26%	32.92%
D&A For EBITDA	37,979	38,096	38,252	34,677	34,417	34,617
EBIT	5,195	5,305	4,640	-2,034	-8,970	38,145
EBIT Margin	2.57%	2.59%	2.34%	-1.17%	-5.03%	17.26%
Effective Tax Rate	39.75%	28.53%	18.49%	79.82%	3498.16%	11.94%