SHE:001872 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	Dec '21 Dec 31, 2021
Operating Revenue	17,265	17,072	15,944	15,569	16,230	15,100
Other Revenue	174.48	174.48	187.03	181.53	-	183.82
Revenue	17,440	17,246	16,131	15,750	16,230	15,284
Revenue Growth (YoY)	5.83%	6.92%	2.42%	-2.96%	6.19%	19.81%
Cost of Revenue	9,723	9,656	9,196	9,318	9,651	9,047
Gross Profit	7,717	7,590	6,935	6,432	6,793	6,237
Selling, General & Admin	1,530	1,533	1,822	1,777	1,765	1,729
Research & Development	181.7	177.75	201.76	223.74	287.71	217.91
Other Operating Expenses	322.88	313.63	278.87	237.85	40.6	142.03
Operating Expenses	2,045	2,033	2,304	2,248	2,099	2,103
Operating Income	5,672	5,558	4,631	4,185	4,694	4,134
Interest Expense	-1,816	-1,910	-2,215	-2,238	-2,225	-1,765
Interest & Investment Income	6,668	6,801	7,024	6,846	7,847	7,015
Currency Exchange Gain (Loss)	44.56	44.56	-109.26	-85.52	-477	8.81
Other Non Operating Income (Expenses)	-270.52	-306.04	264.45	31.65	-347.09	-406.18
EBT Excluding Unusual Items	10,298	10,187	9,595	8,739	9,492	8,987
Impairment of Goodwill	-	-	-	-	-	-418.35
Gain (Loss) on Sale of Investments	41.85	42.37	382.12	73.35	-129.03	219.1
Gain (Loss) on Sale of Assets	10.33	7.39	34.06	36.76	55.13	35.58
Asset Writedown	-17.42	-17.42	-14.61	-211.99	-52.89	-27.87
Legal Settlements	-4.87	-4.87	-8.73	-42.69	-20.6	-11.27
Other Unusual Items	186.55	161.65	143.28	204.63	-	299.49
Pretax Income	10,514	10,376	10,131	8,799	9,345	9,084
Income Tax Expense	1,536	1,470	1,253	1,304	1,113	1,429
Earnings From Continuing Operations	8,978	8,906	8,879	7,496	8,232	7,655
Minority Interest in Earnings	-4,326	-4,295	-4,362	-3,924	-4,893	-4,969
Net Income	4,653	4,611	4,516	3,572	3,339	2,686
Net Income to Common	4,653	4,611	4,516	3,572	3,339	2,686
Net Income Growth	1.80%	2.10%	26.44%	6.98%	24.31%	29.51%
Shares Outstanding (Basic)	2,483	2,487	2,495	2,498	2,074	1,918
Shares Outstanding (Diluted)	2,483	2,488	2,495	2,498	2,074	1,918
Shares Change (YoY)	0.01%	-0.30%	-0.10%	20.45%	8.09%	-0.09%
EPS (Basic)	1.87	1.85	1.81	1.43	1.61	1.40
EPS (Diluted)	1.87	1.85	1.81	1.43	1.61	1.40
EPS Growth	1.79%	2.41%	26.57%	-11.18%	15.00%	29.63%
Free Cash Flow	6,037	5,997	6,068	4,650	4,787	4,274
Free Cash Flow Per Share	2.43	2.41	2.43	1.86	2.31	2.23
Dividend Per Share	0.799	0.799	0.740	0.580	0.450	0.430
Dividend Growth	7.97%	7.97%	27.59%	28.89%	4.65%	13.16%
Gross Margin	44.25%	44.01%	42.99%	40.84%	41.85%	40.81%
Operating Margin	32.52%	32.23%	28.71%	26.57%	28.92%	27.05%
Profit Margin	26.68%	26.74%	28.00%	22.68%	20.57%	17.57%
Free Cash Flow Margin	34.62%	34.77%	37.62%	29.52%	29.49%	27.97%
EBITDA	8,574	8,444	7,454	7,038	7,556	6,817
EBITDA Margin	49.16%	48.96%	46.21%	44.69%	46.56%	44.60%
D&A For EBITDA	2,903	2,887	2,823	2,853	2,863	2,683
EBIT	5,672	5,558	4,631	4,185	4,694	4,134
EBIT Margin	32.52%	32.23%	28.71%	26.57%	28.92%	27.05%
Effective Tax Rate	14.61%	14.17%	12.37%	14.82%	11.91%	15.73%
Revenue as Reported	17,440	17,246	16,131	15,750	-	-

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