SHE:001257 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	3,497	2,856	1,946	1,869
Other Revenue	5.93	8.1	11.88	42.25
Revenue	3,503	2,864	1,957	1,911
Revenue Growth (YoY)	22.31%	46.30%	2.41%	-
Cost of Revenue	1,814	1,404	786.17	972.43
Gross Profit	1,689	1,460	1,171	938.98
Selling, General & Admin	142.65	116.38	85.1	107.14
Research & Development	37.44	57.78	53.22	40.9
Other Operating Expenses	311.15	254.96	172.54	161.39
Operating Expenses	493.14	427.27	300.16	322.42
Operating Income	1,196	1,033	871.07	616.57
Interest Expense	-17.23	-30.82	-60.11	-72.33
Interest & Investment Income	33.34	37.5	35.87	25.23
Other Non Operating Income (Expenses)	-4.02	-12.12	-0.98	-1.6
EBT Excluding Unusual Items	1,208	1,027	845.85	567.87
Gain (Loss) on Sale of Investments	-	0.52	-1.88	-
Gain (Loss) on Sale of Assets	2.01	-0.11	2.7	-0.41
Asset Writedown	-8.79	-0.51	2	-7.43
Legal Settlements	-	-	-	0.8
Other Unusual Items	0.11	2.71	11.91	-15.98
Pretax Income	1,201	1,030	860.58	544.85
Income Tax Expense	321.18	275.87	135.39	92.77
Earnings From Continuing Operations	879.83	754.19	725.19	452.08
Minority Interest in Earnings	4.09	2.61	-106.01	-108.19
Net Income	883.92	756.8	619.18	343.89
Net Income to Common	883.92	756.8	619.18	343.89
Net Income Growth	16.80%	22.23%	80.05%	-
Shares Outstanding (Basic)	1,621	1,621	1,183	1,029
Shares Outstanding (Diluted)	1,621	1,621	1,183	1,029
Shares Change (YoY)	-	37.04%	14.93%	-
EPS (Basic)	0.55	0.47	0.52	0.33
EPS (Diluted)	0.55	0.47	0.52	0.33
EPS Growth	16.80%	-10.21%	57.57%	-
Free Cash Flow	260.41	516.69	40.38	52.9
Free Cash Flow Per Share	0.16	0.32	0.03	0.05
Gross Margin	48.22%	50.99%	59.84%	49.13%
Operating Margin	34.13%	36.07%	44.50%	32.26%
Profit Margin	25.24%	26.43%	31.63%	17.99%
Free Cash Flow Margin	7.43%	18.04%	2.06%	2.77%
EBITDA	1,235	1,090	949.57	745.79
EBITDA Margin	35.25%	38.05%	48.51%	39.02%
D&A For EBITDA	39.12	56.61	78.5	129.22
EBIT	1,196	1,033	871.07	616.57
EBIT Margin	34.13%	36.07%	44.50%	32.26%
Effective Tax Rate	26.74%	26.78%	15.73%	17.03%

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