SHE:001299 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	661.93	686.35	643.63	552.05	530.47	461.75
Other Revenue	39.19	39.19	21.58	23.74	19.42	17.76
Revenue	701.12	725.54	665.21	575.79	549.9	479.51
Revenue Growth (YoY)	0.21%	9.07%	15.53%	4.71%	14.68%	3.53%
Operations & Maintenance	0.06	0.06	0.25	0.18	0.15	0.08
Selling, General & Admin	55.41	53.28	49.31	42.82	38.57	34.22
Provision for Bad Debts	1.61	1.61	1.13	4.27	1.2	1.62
Other Operating Expenses	548.14	577.67	544.01	469.68	428.44	352.55
Total Operating Expenses	605.33	632.73	594.8	516.98	468.36	388.46
Operating Income	95.8	92.81	70.4	58.8	81.53	91.05
Interest Expense	-0.35	-0.35	-0.31	-0.13	-0.17	-0.18
Interest Income	20.04	19.67	24.81	25.02	17.73	24.53
Net Interest Expense	19.69	19.33	24.5	24.89	17.57	24.35
Other Non-Operating Income (Expenses)	-1.23	-0.97	-0.78	-1.1	10.25	-0.51
EBT Excluding Unusual Items	114.26	111.17	94.12	82.59	109.36	114.9
Gain (Loss) on Sale of Investments	7.84	9.14	6.91	7.21	2.82	3.11
Gain (Loss) on Sale of Assets	1.89	1.82	1.8	-	-	-0.02
Asset Writedown	-2.45	-1.73	-0.28	-0.12	-0	0
Other Unusual Items	0.77	0.77	0.77	7.1	-	-0.1
Pretax Income	122.31	121.17	103.32	96.78	112.18	117.89
Income Tax Expense	18.63	18.97	16.56	15.31	18.16	16.47
Earnings From Continuing Ops.	103.67	102.2	86.76	81.47	94.01	101.41
Minority Interest in Earnings	0	0.29	0.54	0.34	0.21	0.08
Net Income	103.67	102.49	87.3	81.81	94.22	101.5
Net Income to Common	103.67	102.49	87.3	81.81	94.22	101.5
Net Income Growth	10.70%	17.40%	6.71%	-13.17%	-7.17%	5.61%
Shares Outstanding (Basic)	306	310	315	314	253	238
Shares Outstanding (Diluted)	306	310	315	314	253	238
Shares Change (YoY)	-3.07%	-1.73%	0.35%	24.30%	6.08%	-0.24%
EPS (Basic)	0.34	0.33	0.28	0.26	0.37	0.43
EPS (Diluted)	0.34	0.33	0.28	0.26	0.37	0.43
EPS Growth	14.21%	19.47%	6.34%	-30.15%	-12.49%	5.87%
Free Cash Flow	-0.54	-10.2	25.9	57.3	110.71	73.24
Free Cash Flow Per Share	-0.00	-0.03	0.08	0.18	0.44	0.31
Dividend Per Share	0.500	0.500	0.473	0.177	-	-
Dividend Growth	5.62%	5.62%	166.70%	-	-	-
Profit Margin	14.79%	14.13%	13.12%	14.21%	17.14%	21.17%
Free Cash Flow Margin	-0.08%	-1.41%	3.89%	9.95%	20.13%	15.28%
EBITDA	122.17	118.72	94.49	82.12	105.1	113.54
EBITDA Margin	17.42%	16.36%	14.21%	14.26%	19.11%	23.68%
D&A For EBITDA	26.37	25.91	24.09	23.32	23.57	22.49
EBIT	95.8	92.81	70.4	58.8	81.53	91.05
EBIT Margin	13.66%	12.79%	10.58%	10.21%	14.83%	18.99%
Effective Tax Rate	15.24%	15.65%	16.03%	15.82%	16.19%	13.98%
Revenue as Reported	725.54	725.54	665.21	575.79	549.9	479.51

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