SHE:001299 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	725.54	643.63	552.05	530.47	461.75
Other Revenue	-	21.58	23.74	19.42	17.76
Revenue	725.54	665.21	575.79	549.9	479.51
Revenue Growth (YoY)	9.07%	15.53%	4.71%	14.68%	3.53%
Operations & Maintenance	-	0.25	0.18	0.15	0.08
Selling, General & Admin	54.3	49.31	42.82	38.57	34.22
Provision for Bad Debts	-	1.68	4.27	1.2	1.62
Other Operating Expenses	575.98	543.46	469.68	428.44	352.55
Total Operating Expenses	630.4	594.8	516.98	468.36	388.46
Operating Income	95.15	70.4	58.8	81.53	91.05
Interest Expense	-	-0.31	-0.13	-0.17	-0.18
Interest Income	14.78	24.81	25.02	17.73	24.53
Net Interest Expense	14.78	24.5	24.89	17.57	24.35
Other Non-Operating Income (Expenses)	2.01	-0.78	-1.1	10.25	-0.51
EBT Excluding Unusual Items	111.93	94.12	82.59	109.36	114.9
Gain (Loss) on Sale of Investments	9.14	6.91	7.21	2.82	3.11
Gain (Loss) on Sale of Assets	1.82	1.8	-	-	-0.02
Asset Writedown	-1.72	-0.28	-0.12	-0	0
Other Unusual Items	-	0.77	7.1	-	-0.1
Pretax Income	121.17	103.32	96.78	112.18	117.89
Income Tax Expense	18.97	16.56	15.31	18.16	16.47
Earnings From Continuing Ops.	102.2	86.76	81.47	94.01	101.41
Minority Interest in Earnings	0.29	0.54	0.34	0.21	0.08
Net Income	102.49	87.3	81.81	94.22	101.5
Net Income to Common	102.49	87.3	81.81	94.22	101.5
Net Income Growth	17.40%	6.71%	-13.17%	-7.17%	5.61%
Shares Outstanding (Basic)	238	241	242	194	183
Shares Outstanding (Diluted)	238	241	242	194	183
Shares Change (YoY)	-1.30%	-0.08%	24.30%	6.09%	-0.25%
EPS (Basic)	0.43	0.36	0.34	0.48	0.55
EPS (Diluted)	0.43	0.36	0.34	0.48	0.55
EPS Growth	18.95%	6.79%	-30.15%	-12.50%	5.87%
Free Cash Flow	-10.2	25.9	57.3	110.71	73.24
Free Cash Flow Per Share	-0.04	0.11	0.24	0.57	0.40
Dividend Per Share	-	0.615	0.231	-	-
Dividend Growth	-	166.64%	-	-	-
Profit Margin	14.13%	13.12%	14.21%	17.14%	21.17%
Free Cash Flow Margin	-1.41%	3.89%	9.95%	20.13%	15.28%
EBITDA	121.06	93.73	82.12	105.1	113.54
EBITDA Margin	16.68%	14.09%	14.26%	19.11%	23.68%
D&A For EBITDA	25.91	23.33	23.32	23.57	22.49
EBIT	95.15	70.4	58.8	81.53	91.05
EBIT Margin	13.11%	10.58%	10.21%	14.83%	18.99%
Effective Tax Rate	15.65%	16.03%	15.82%	16.19%	13.98%
Revenue as Reported	-	665.21	575.79	549.9	479.51

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