SHE:001257 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
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
Operating Revenue	3,475	3,497	2,856	1,946	1,869
Other Revenue	5.93	5.93	8.1	11.88	42.25
Revenue	3,481	3,503	2,864	1,957	1,911
Revenue Growth (YoY)	77.85%	22.31%	46.30%	2.41%	-
Cost of Revenue	1,759	1,814	1,404	786.17	972.43
Gross Profit	1,723	1,689	1,460	1,171	938.98
Selling, General & Admin	146.7	142.65	116.38	85.1	107.14
Research & Development	37.4	37.44	57.78	53.22	40.9
Other Operating Expenses	309.18	311.15	254.96	172.54	161.39
Operating Expenses	497.14	493.14	427.27	300.16	322.42
Operating Income	1,226	1,196	1,033	871.07	616.57
Interest Expense	-16.32	-17.23	-30.82	-60.11	-72.33
Interest & Investment Income	31.99	33.34	37.5	35.87	25.23
Other Non Operating Income (Expenses)	-3.02	-4.02	-12.12	-0.98	-1.6
EBT Excluding Unusual Items	1,238	1,208	1,027	845.85	567.87
Gain (Loss) on Sale of Investments	0.59	-	0.52	-1.88	-
Gain (Loss) on Sale of Assets	2.01	2.01	-0.11	2.7	-0.41
Asset Writedown	-8.8	-8.79	-0.51	2	-7.43
Legal Settlements	-	-	-	-	0.8
Other Unusual Items	0.11	0.11	2.71	11.91	-15.98
Pretax Income	1,232	1,201	1,030	860.58	544.85
Income Tax Expense	338.64	321.18	275.87	135.39	92.77
Earnings From Continuing Operations	893.47	879.83	754.19	725.19	452.08
Minority Interest in Earnings	4.33	4.09	2.61	-106.01	-108.19
Net Income	897.8	883.92	756.8	619.18	343.89
Net Income to Common	897.8	883.92	756.8	619.18	343.89
Net Income Growth	45.00%	16.80%	22.23%	80.05%	-
Shares Outstanding (Basic)	1,621	1,621	1,621	1,183	1,029
Shares Outstanding (Diluted)	1,621	1,621	1,621	1,183	1,029
Shares Change (YoY)	37.03%	-	37.04%	14.93%	-
EPS (Basic)	0.55	0.55	0.47	0.52	0.33
EPS (Diluted)	0.55	0.55	0.47	0.52	0.33
EPS Growth	6.52%	16.80%	-10.21%	57.57%	-
Free Cash Flow	271.45	260.41	516.69	40.38	52.9
Free Cash Flow Per Share	0.17	0.16	0.32	0.03	0.05
Gross Margin	49.49%	48.22%	50.99%	59.84%	49.13%
Operating Margin	35.20%	34.13%	36.07%	44.50%	32.26%
Profit Margin	25.79%	25.24%	26.43%	31.63%	17.99%
Free Cash Flow Margin	7.80%	7.43%	18.04%	2.06%	2.77%
EBITDA	1,260	1,235	1,090	949.57	745.79
EBITDA Margin	36.20%	35.25%	38.05%	48.51%	39.02%
D&A For EBITDA	34.75	39.12	56.61	78.5	129.22
EBIT	1,226	1,196	1,033	871.07	616.57
EBIT Margin	35.20%	34.13%	36.07%	44.50%	32.26%
Effective Tax Rate	27.48%	26.74%	26.78%	15.73%	17.03%

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