SHE:000906 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	254,826	235,434	201,856	203,038	193,575	178,233
Other Revenue	68.57	68.57	45.45	26.87	29.7	37.19
Revenue	254,895	235,502	201,901	203,065	193,605	178,270
Revenue Growth	13.13%	16.64%	-0.57%	4.89%	8.60%	63.59%
Cost of Revenue	251,908	233,350	199,772	199,907	190,907	175,507
Gross Profit	2,987	2,153	2,129	3,157	2,697	2,763
Selling, General & Admin	1,154	1,029	1,077	1,045	1,095	904.89
Research & Development	36.76	31.41	15.9	23.86	30.75	0.92
Other Operating Expenses	501.7	239.03	211.63	189.89	153.04	122.41
Operating Expenses	1,675	1,294	1,334	1,356	1,342	1,175
Operating Income	1,312	858.72	795.3	1,801	1,355	1,588
Interest Expense	-102.8	-367.24	-419.08	-339.94	-351.06	-589.64
Interest & Investment Income	354.72	523.94	398.5	53.66	778.59	279.9
Currency Exchange Gain (Loss)	-62.83	-62.83	-58.3	-59.65	-134.7	45.88
Other Non Operating Income (Expenses)	-687.26	-119.42	-395.58	-148.47	-101.4	-97.01
EBT Excluding Unusual Items	813.66	833.18	320.84	1,307	1,546	1,227
Gain (Loss) on Sale of Investments	-55.28	-84.5	120.14	-158.72	45.64	-40.03
Gain (Loss) on Sale of Assets	3.19	6.5	-0.34	0.92	1.6	1.45
Asset Writedown	-70.06	-2.05	-0.56	-0.16	-0.14	-0.08
Other Unusual Items	341.71	205.52	361.65	322.3	126.66	97.97
Pretax Income	1,033	958.64	801.73	1,471	1,720	1,286
Income Tax Expense	414.45	342.92	184.69	356.07	436.41	281.66
Earnings From Continuing Operations	618.76	615.72	617.05	1,115	1,284	1,005
Minority Interest in Earnings	-326.8	-393	-248.19	-431.96	-281.89	-185.64
Net Income	291.95	222.72	368.86	682.91	1,002	819.14
Preferred Dividends & Other Adjustments	38.6	38.6	65.6	-	-	-
Net Income to Common	253.35	184.12	303.26	682.91	1,002	819.14
Net Income Growth	92.99%	-39.29%	-55.59%	-31.83%	22.30%	47.55%
Shares Outstanding (Basic)	836	708	674	759	721	700
Shares Outstanding (Diluted)	836	708	674	759	737	725
Shares Change	21.17%	5.08%	-11.19%	3.01%	1.62%	-0.76%
EPS (Basic)	0.30	0.26	0.45	0.90	1.39	1.17
EPS (Diluted)	0.30	0.26	0.45	0.90	1.36	1.13
EPS Growth	59.27%	-42.22%	-50.00%	-33.82%	20.35%	48.68%

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	-1,575	443.83	-1,158	-1,967	-4,420	2,217
Free Cash Flow Per Share	-1.88	0.63	-1.72	-2.59	-6.00	3.06
Dividend Per Share	0.130	0.130	0.200	0.350	0.500	0.410
Dividend Growth	-35.00%	-35.00%	-42.86%	-30.00%	21.95%	36.67%
Gross Margin	1.17%	0.91%	1.05%	1.55%	1.39%	1.55%
Operating Margin	0.52%	0.36%	0.39%	0.89%	0.70%	0.89%
Profit Margin	0.10%	0.08%	0.15%	0.34%	0.52%	0.46%
Free Cash Flow Margin	-0.62%	0.19%	-0.57%	-0.97%	-2.28%	1.24%
EBITDA	1,367	962.32	962.86	1,930	1,420	1,647
EBITDA Margin	0.54%	0.41%	0.48%	0.95%	0.73%	0.92%
D&A For EBITDA	55.63	103.6	167.56	128.62	65.01	59.42
EBIT	1,312	858.72	795.3	1,801	1,355	1,588
EBIT Margin	0.52%	0.36%	0.39%	0.89%	0.70%	0.89%
Effective Tax Rate	40.11%	35.77%	23.04%	24.21%	25.37%	21.89%
Revenue as Reported	64,880	235,502	201,901	203,065	-	-