SHE:000887 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	18,850	19,325	18,422	16,834	14,566	12,469
Other Revenue	475.03	475.03	432.11	410.73	346.91	332.09
Revenue	19,325	19,800	18,854	17,244	14,913	12,801
Revenue Growth (YoY)	1.63%	5.02%	9.33%	15.63%	16.50%	10.85%
Cost of Revenue	14,789	15,260	14,579	13,548	11,879	10,044
Gross Profit	4,536	4,540	4,275	3,696	3,034	2,758
Selling, General & Admin	1,555	1,554	1,486	1,415	1,260	1,186
Research & Development	906.77	934.64	845.15	782.77	661.03	572.61
Other Operating Expenses	65.35	53	38.65	63.29	68.65	95.51
Operating Expenses	2,569	2,598	2,387	2,299	2,042	1,852
Operating Income	1,967	1,942	1,888	1,397	992.27	905.7
Interest Expense	-208.82	-214.59	-253.7	-234.35	-126.13	-176.78
Interest & Investment Income	130.04	110.05	165.31	200.32	160.72	291.95
Currency Exchange Gain (Loss)	17.89	17.89	3.13	43.47	18.59	42.45
Other Non Operating Income (Expenses)	-58.01	-20.81	18.12	-7.51	-12.85	-30.54
EBT Excluding Unusual Items	1,848	1,834	1,821	1,399	1,033	1,033
Impairment of Goodwill	-287.17	-287.17	-94.51	-36.55	-40.06	-3.44
Gain (Loss) on Sale of Investments	364.68	461.38	-154.11	-44.27	10.26	53.69
Gain (Loss) on Sale of Assets	-9.34	-0.49	-2.95	2.04	89.04	15.8
Asset Writedown	-4.17	-3.5	-53.53	-15.5	-17.15	-3.74
Other Unusual Items	26.22	26.22	26.04	63.75	38.04	55.71
Pretax Income	1,938	2,031	1,542	1,369	1,113	1,151
Income Tax Expense	442.96	453.92	293.71	255.86	162.01	202.99
Earnings From Continuing Operations	1,496	1,577	1,248	1,113	950.7	947.81
Minority Interest in Earnings	13.34	12.43	3.51	18.51	18.21	1.71
Net Income	1,509	1,589	1,252	1,131	968.91	949.53
Net Income to Common	1,509	1,589	1,252	1,131	968.91	949.53
Net Income Growth	16.67%	26.98%	10.63%	16.78%	2.04%	92.78%
Shares Outstanding (Basic)	1,324	1,314	1,318	1,316	1,309	1,217
Shares Outstanding (Diluted)	1,324	1,314	1,318	1,316	1,309	1,266
Shares Change (YoY)	1.25%	-0.31%	0.15%	0.48%	3.42%	2.81%
EPS (Basic)	1.14	1.21	0.95	0.86	0.74	0.78
EPS (Diluted)	1.14	1.21	0.95	0.86	0.74	0.75
EPS Growth	15.23%	27.37%	10.46%	16.22%	-1.33%	87.50%
Free Cash Flow	1,356	1,181	1,070	410.98	-411.96	65.44
Free Cash Flow Per Share	1.02	0.90	0.81	0.31	-0.32	0.05
Dividend Per Share	0.200	0.200	0.150	0.200	0.200	0.200
Dividend Growth	33.33%	33.33%	-25.00%	-	-	-
Gross Margin	23.47%	22.93%	22.67%	21.43%	20.35%	21.54%
Operating Margin	10.18%	9.81%	10.01%	8.10%	6.65%	7.07%
Profit Margin	7.81%	8.03%	6.64%	6.56%	6.50%	7.42%
Free Cash Flow Margin	7.02%	5.96%	5.67%	2.38%	-2.76%	0.51%
EBITDA	2,847	2,784	2,581	2,059	1,657	1,579
EBITDA Margin	14.73%	14.06%	13.69%	11.94%	11.11%	12.33%
D&A For EBITDA	879.62	842.32	693.1	661.1	665.15	673.29
EBIT	1,967	1,942	1,888	1,397	992.27	905.7
EBIT Margin	10.18%	9.81%	10.01%	8.10%	6.65%	7.07%
Effective Tax Rate	22.85%	22.35%	19.05%	18.69%	14.56%	17.64%
Revenue as Reported	19,325	19,800	18,854	17,244	14,913	12,801

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