SHE:000928 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	13,244	13,883	17,609	26,345	18,694	15,840
Other Revenue	31.07	31.07	37.25	31.89	23.5	22.06
Revenue	13,275	13,914	17,647	26,377	18,718	15,862
Revenue Growth (YoY)	-18.38%	-21.15%	-33.10%	40.92%	18.00%	6.98%
Cost of Revenue	11,426	12,017	15,088	24,054	16,980	14,561
Gross Profit	1,849	1,897	2,558	2,323	1,738	1,301
Selling, General & Admin	672.63	679.68	726.63	626.06	537.33	534.31
Research & Development	321.07	337.54	374.61	377	327.85	273.2
Other Operating Expenses	36.3	30.35	47.22	78.36	26.65	-14.71
Operating Expenses	1,124	1,141	1,231	1,284	818.35	721.84
Operating Income	725.39	756.11	1,327	1,039	919.37	579.08
Interest Expense	-35.4	-40.67	-71.56	-122.25	-133.83	-155.51
Interest & Investment Income	275.87	240.84	168.93	232.31	101.7	270.54
Currency Exchange Gain (Loss)	-6.78	-6.78	-96.7	15.22	123.19	-33.1
Other Non Operating Income (Expenses)	-254.51	-212.89	-211.23	-142.72	-272.01	-69.58
EBT Excluding Unusual Items	704.56	736.61	1,117	1,021	738.42	591.43
Gain (Loss) on Sale of Investments	-25.6	-26.4	-7.87	-8.25	87.6	255.08
Gain (Loss) on Sale of Assets	0.08	0.08	0.2	0.01	4.38	6.7
Asset Writedown	-12.89	-12.89	-2.07	-3.22	-21.22	-19.29
Legal Settlements	-	-	-	-2.87	-5.16	-3.15
Other Unusual Items	-11.81	-11.8	17.67	17.63	23.63	4.8
Pretax Income	654.34	685.6	1,125	1,024	827.65	835.57
Income Tax Expense	166.35	163.94	250.43	220.75	162.93	173.18
Earnings From Continuing Operations	487.99	521.66	874.22	803.65	664.72	662.39
Minority Interest in Earnings	-35.22	-36.41	-38.99	-42.17	-33.22	-13.49
Net Income	452.77	485.24	835.24	761.48	631.51	648.9
Net Income to Common	452.77	485.24	835.24	761.48	631.51	648.9
Net Income Growth	-46.86%	-41.90%	9.69%	20.58%	-2.68%	7.79%
Shares Outstanding (Basic)	1,435	1,435	1,435	1,317	1,281	1,263
Shares Outstanding (Diluted)	1,435	1,435	1,435	1,319	1,353	1,328
Shares Change (YoY)	-0.02%	-0.02%	8.84%	-2.57%	1.93%	5.65%
EPS (Basic)	0.32	0.34	0.58	0.58	0.49	0.51
EPS (Diluted)	0.32	0.34	0.58	0.58	0.47	0.49
EPS Growth	-46.84%	-41.89%	0.78%	23.77%	-4.52%	2.02%
Free Cash Flow	2,593	1,263	1,490	1,358	1,139	580.65
Free Cash Flow Per Share	1.81	0.88	1.04	1.03	0.84	0.44
Dividend Per Share	0.210	0.210	0.299	0.266	0.347	0.252
Dividend Growth	-29.77%	-29.77%	12.41%	-23.36%	37.74%	74.98%
Gross Margin	13.93%	13.64%	14.50%	8.81%	9.28%	8.20%
Operating Margin	5.46%	5.43%	7.52%	3.94%	4.91%	3.65%
Profit Margin	3.41%	3.49%	4.73%	2.89%	3.37%	4.09%
Free Cash Flow Margin	19.53%	9.08%	8.44%	5.15%	6.09%	3.66%
EBITDA	-	777.88	1,354	1,062	956.1	615.27
EBITDA Margin	-	5.59%	7.67%	4.03%	5.11%	3.88%
D&A For EBITDA	-	21.77	26.99	23.28	36.72	36.19
EBIT	725.39	756.11	1,327	1,039	919.37	579.08
EBIT Margin	5.46%	5.43%	7.52%	3.94%	4.91%	3.65%
Effective Tax Rate	25.42%	23.91%	22.27%	21.55%	19.69%	20.73%
Revenue as Reported	13,275	13,914	17,647	26,377	18,718	15,862

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