SHE:001207 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	2,264	2,307	2,218	1,871	1,798	1,408
Other Revenue	50.22	50.22	47.35	45.79	36.92	38.98
Revenue	2,314	2,357	2,266	1,917	1,835	1,447
Revenue Growth (YoY)	-1.59%	4.03%	18.21%	4.45%	26.81%	45.29%
Cost of Revenue	1,867	1,892	1,830	1,629	1,626	1,167
Gross Profit	447.08	465.45	436.06	287.39	208.82	279.82
Selling, General & Admin	59.78	54.9	56.98	48.98	44.21	39.27
Research & Development	80.37	82.08	80.22	70.94	67.37	59.16
Other Operating Expenses	-2.53	-3.16	-3.08	-3.72	3.75	6.12
Operating Expenses	139.36	135.56	135.79	107.27	119.24	109.65
Operating Income	307.72	329.89	300.27	180.13	89.57	170.17
Interest Expense	-3.02	-3.02	-1.59	-0.39	-	-2.97
Interest & Investment Income	14.81	13.23	18.73	16.33	13.38	9.64
Currency Exchange Gain (Loss)	0.61	0.61	0.64	0.11	0.23	-0.63
Other Non Operating Income (Expenses)	-3.59	-0.27	-0.37	-0.48	-1.68	-1.22
EBT Excluding Unusual Items	316.53	340.44	317.68	195.7	101.5	174.98
Gain (Loss) on Sale of Investments	2.54	-2.99	-7.06	-7.59	0.45	-0.84
Gain (Loss) on Sale of Assets	0.64	0.98	0.34	0.15	0.64	0.04
Asset Writedown	-0.88	-0.41	-0.37	-0.1	-0.2	-0.67
Other Unusual Items	3.23	3.23	1.67	4.37	18.16	14.54
Pretax Income	322.05	341.24	312.26	192.53	120.55	188.05
Income Tax Expense	45.5	46.52	37.93	22.15	7.78	23.53
Earnings From Continuing Operations	276.55	294.72	274.34	170.38	112.77	164.51
Minority Interest in Earnings	-1.72	-2.03	-2.19	-1.83	-1.34	-0.99
Net Income	274.83	292.69	272.15	168.55	111.43	163.52
Net Income to Common	274.83	292.69	272.15	168.55	111.43	163.52
Net Income Growth	-8.42%	7.55%	61.46%	51.27%	-31.86%	38.08%
Shares Outstanding (Basic)	289	285	280	268	256	222
Shares Outstanding (Diluted)	289	285	280	268	256	222
Shares Change (YoY)	11.03%	1.57%	4.48%	4.85%	15.06%	16.31%
EPS (Basic)	0.95	1.03	0.97	0.63	0.44	0.74
EPS (Diluted)	0.95	1.03	0.97	0.63	0.44	0.74
EPS Growth	-17.52%	5.89%	54.53%	44.27%	-40.78%	18.72%
Free Cash Flow	398.79	365.14	143.62	53.98	-33.96	-34.73
Free Cash Flow Per Share	1.38	1.28	0.51	0.20	-0.13	-0.16
Dividend Per Share	0.571	0.571	0.286	0.357	0.143	0.357
Dividend Growth	100.00%	100.00%	-19.99%	149.90%	-59.98%	-
Gross Margin	19.32%	19.75%	19.25%	14.99%	11.38%	19.34%
Operating Margin	13.30%	13.99%	13.25%	9.40%	4.88%	11.76%
Profit Margin	11.88%	12.42%	12.01%	8.79%	6.07%	11.30%
Free Cash Flow Margin	17.23%	15.49%	6.34%	2.82%	-1.85%	-2.40%
EBITDA	422.4	438.73	385.74	257.91	160.93	229.45
EBITDA Margin	18.25%	18.61%	17.02%	13.46%	8.77%	15.86%
D&A For EBITDA	114.69	108.84	85.46	77.78	71.36	59.29
EBIT	307.72	329.89	300.27	180.13	89.57	170.17
EBIT Margin	13.30%	13.99%	13.25%	9.40%	4.88%	11.76%
Effective Tax Rate	14.13%	13.63%	12.14%	11.50%	6.46%	12.52%
Revenue as Reported	2,357	2,357	2,266	1,917	1,835	1,447

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