SHE:000966 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	13,528	17,225	14,278	14,417	11,865
Other Revenue	-	165.98	179.57	244.67	298.9
Revenue	13,528	17,391	14,457	14,662	12,164
Revenue Growth (YoY)	-22.21%	20.29%	-1.40%	20.54%	20.75%
Operations & Maintenance	-	0.36	0.01	0.03	0.13
Selling, General & Admin	-	120.74	112.49	98.09	100.24
Provision for Bad Debts	-	19.66	11.63	-8.62	10.37
Other Operating Expenses	13,553	15,717	13,294	14,038	12,080
Total Operating Expenses	13,553	15,882	13,474	14,144	12,201
Operating Income	-25.14	1,509	983.35	518.28	-37.06
Interest Expense	-	-537.98	-414.16	-322.63	-339.23
Interest Income	-	23.16	49.7	34.86	270.45
Net Interest Expense	-	-514.82	-364.46	-287.77	-68.78
Other Non-Operating Income (Expenses)	-1.37	0.07	-12.27	-5.25	-8.06
EBT Excluding Unusual Items	-26.51	994.42	606.62	225.26	-113.9
Gain (Loss) on Sale of Assets	-	-1.15	-7.12	50.1	24.87
Asset Writedown	-	-71.79	-104.19	-43.92	-2.56
Other Unusual Items	-	34.56	18.61	32.76	38.68
Pretax Income	-26.51	956.04	513.91	264.21	-52.91
Income Tax Expense	39.66	225.67	144.92	144.92	-19.98
Earnings From Continuing Ops.	-66.17	730.37	369	119.29	-32.93
Minority Interest in Earnings	-	-15.15	-19.93	3.59	7.58
Net Income	-66.17	715.22	349.06	122.88	-25.35
Net Income to Common	-66.17	715.22	349.06	122.88	-25.35
Net Income Growth	-	104.90%	184.08%	-	-
Shares Outstanding (Basic)	3,482	2,810	2,749	2,749	2,561
Shares Outstanding (Diluted)	3,482	2,810	2,749	2,749	2,561
Shares Change (YoY)	23.92%	2.25%	-0.01%	7.35%	0.43%
EPS (Basic)	-0.02	0.25	0.13	0.04	-0.01
EPS (Diluted)	-0.02	0.25	0.13	0.04	-0.01
EPS Growth	-	100.39%	184.12%	-	-
Free Cash Flow	-	-1,375	-4,553	-7,651	-1,081
Free Cash Flow Per Share	-	-0.49	-1.66	-2.78	-0.42
Dividend Per Share	-	0.072	0.039	0.014	-
Dividend Growth	-	84.61%	178.57%	-	-
Profit Margin	-0.49%	4.11%	2.41%	0.84%	-0.21%
Free Cash Flow Margin	-	-7.91%	-31.50%	-52.18%	-8.89%
EBITDA	1,719	3,253	2,369	1,600	1,041
EBITDA Margin	12.71%	18.71%	16.39%	10.91%	8.56%
D&A For EBITDA	1,744	1,744	1,386	1,082	1,079
EBIT	-25.14	1,509	983.35	518.28	-37.06
EBIT Margin	-0.19%	8.68%	6.80%	3.54%	-0.30%
Effective Tax Rate	-	23.61%	28.20%	54.85%	-
Revenue as Reported	-	17,391	14,457	14,662	12,164

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.