SHE:000933 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	43,163	40,386	37,884	37,146	42,036	34,067
Other Revenue	854.6	854.6	488.26	478.91	667.83	425.59
Revenue	44,017	41,241	38,373	37,625	42,704	34,493
Revenue Growth (YoY)	10.65%	7.47%	1.99%	-11.89%	23.80%	83.38%
Cost of Revenue	31,693	31,634	30,263	27,712	29,353	22,195
Gross Profit	12,325	9,607	8,109	9,913	13,351	12,298
Selling, General & Admin	1,072	1,077	1,210	1,156	1,087	1,436
Research & Development	348.84	323.23	448.01	429.03	183.78	145.4
Other Operating Expenses	588.28	558.38	444.3	469.02	709.86	690.14
Operating Expenses	2,017	1,961	2,106	2,063	1,984	2,261
Operating Income	10,307	7,646	6,004	7,850	11,367	10,038
Interest Expense	-287.47	-317.28	-455.48	-516.96	-956.35	-1,416
Interest & Investment Income	402.47	573.98	1,091	830.37	476.78	526.17
Currency Exchange Gain (Loss)	0.11	0.11	9.74	7.08	32.59	-6.26
Other Non Operating Income (Expenses)	10.72	-12.56	-92.67	-62.79	-14.09	-135.44
EBT Excluding Unusual Items	10,433	7,890	6,556	8,108	10,906	9,006
Gain (Loss) on Sale of Assets	25.7	15.55	30.15	-96.23	-301.41	-325.29
Asset Writedown	-1,222	-1,231	-59.67	23.66	-10.25	-2,844
Legal Settlements	-3.45	-3.45	-1.97	-2.03	-2.13	3.6
Other Unusual Items	-122.38	-122.38	-112.14	122.66	67.54	-754.88
Pretax Income	9,111	6,549	6,413	8,156	10,660	5,085
Income Tax Expense	2,457	1,985	1,615	1,428	2,077	2,028
Earnings From Continuing Operations	6,654	4,563	4,798	6,728	8,583	3,057
Net Income to Company	6,654	4,563	4,798	6,728	8,583	3,057
Minority Interest in Earnings	-1,067	-558.13	-491.13	-822.85	-1,005	180.03
Net Income	5,587	4,005	4,307	5,905	7,578	3,237
Net Income to Common	5,587	4,005	4,307	5,905	7,578	3,237
Net Income Growth	42.36%	-7.00%	-27.07%	-22.07%	134.10%	803.35%
Shares Outstanding (Basic)	2,215	2,213	2,223	2,226	2,231	2,231
Shares Outstanding (Diluted)	2,215	2,213	2,229	2,235	2,242	2,232
Shares Change (YoY)	-0.30%	-0.71%	-0.27%	-0.29%	0.41%	17.47%
EPS (Basic)	2.52	1.81	1.94	2.65	3.40	1.45
EPS (Diluted)	2.52	1.81	1.93	2.64	3.38	1.45
EPS Growth	42.97%	-6.23%	-26.89%	-21.89%	133.10%	669.06%
Free Cash Flow	10,278	7,882	6,390	10,205	13,757	9,385
Free Cash Flow Per Share	4.64	3.56	2.87	4.57	6.14	4.20
Dividend Per Share	0.800	0.800	0.800	0.800	1.000	0.450
Dividend Growth	-	-	-	-20.00%	122.22%	350.00%
Gross Margin	28.00%	23.29%	21.13%	26.35%	31.26%	35.66%
Operating Margin	23.42%	18.54%	15.65%	20.86%	26.62%	29.10%
Profit Margin	12.69%	9.71%	11.22%	15.70%	17.75%	9.38%
Free Cash Flow Margin	23.35%	19.11%	16.65%	27.12%	32.21%	27.21%
EBITDA	12,028	9,333	7,555	9,382	12,652	11,282
EBITDA Margin	27.33%	22.63%	19.69%	24.93%	29.63%	32.71%
D&A For EBITDA	1,721	1,687	1,552	1,532	1,285	1,245
EBIT	10,307	7,646	6,004	7,850	11,367	10,038
EBIT Margin	23.42%	18.54%	15.65%	20.86%	26.62%	29.10%
Effective Tax Rate	26.97%	30.32%	25.18%	17.50%	19.48%	39.89%
Revenue as Reported	44,017	41,241	38,373	37,625	42,704	34,493

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