SHE:002048 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	24,466	25,558	25,795	22,714	18,934	16,809
Other Revenue	628.01	628.01	529.92	568.9	782.56	778.59
Revenue	25,094	26,186	26,324	23,282	19,716	17,588
Revenue Growth (YoY)	-6.69%	-0.53%	13.07%	18.09%	12.10%	4.12%
Cost of Revenue	21,089	22,042	22,171	19,548	16,449	14,289
Gross Profit	4,006	4,144	4,154	3,735	3,267	3,299
Selling, General & Admin	1,139	1,229	1,520	1,275	1,116	1,028
Research & Development	859.53	891.32	953.4	823.45	710.77	640.42
Other Operating Expenses	111.44	92.82	57.53	43.32	104.87	87.02
Operating Expenses	2,174	2,257	2,646	2,250	2,025	1,840
Operating Income	1,831	1,887	1,508	1,485	1,243	1,459
Interest Expense	-69.77	-76.08	-126.93	-90.57	-52.28	-48.18
Interest & Investment Income	72.99	21.34	290.22	291.88	313.21	314.51
Currency Exchange Gain (Loss)	48.8	48.8	-60.62	65.77	31.13	-58.28
Other Non Operating Income (Expenses)	-40.74	-8.31	-10.99	-8.12	-9.18	-11.5
EBT Excluding Unusual Items	1,842	1,872	1,599	1,744	1,525	1,655
Impairment of Goodwill	-5.22	-5.22	-80.29	-86.42	-98.07	-
Gain (Loss) on Sale of Investments	-890.71	-891.25	5.71	-22.27	-45.54	-0.1
Gain (Loss) on Sale of Assets	22.71	-9.67	3.5	0.71	18.66	-1.62
Asset Writedown	-14.87	-21.14	-83.04	-28.6	-1.8	-94.42
Other Unusual Items	131.12	131.12	93.07	99.04	79.4	134.25
Pretax Income	1,086	1,076	1,539	1,710	1,478	1,694
Income Tax Expense	367.6	372.36	283.41	263.33	161.67	171.28
Earnings From Continuing Operations	718.11	704.11	1,256	1,446	1,316	1,522
Net Income to Company	718.11	704.11	1,256	1,446	1,316	1,522
Minority Interest in Earnings	-282.95	-285.94	-302.64	-415.98	-331.25	-256.56
Net Income	435.16	418.18	953.01	1,030	985.12	1,266
Net Income to Common	435.16	418.18	953.01	1,030	985.12	1,266
Net Income Growth	-55.79%	-56.12%	-7.51%	4.59%	-22.17%	49.00%
Shares Outstanding (Basic)	814	820	815	811	814	627
Shares Outstanding (Diluted)	814	820	815	811	814	627
Shares Change (YoY)	-0.39%	0.67%	0.40%	-0.35%	29.94%	0.32%
EPS (Basic)	0.53	0.51	1.17	1.27	1.21	2.02
EPS (Diluted)	0.53	0.51	1.17	1.27	1.21	2.02
EPS Growth	-55.62%	-56.41%	-7.87%	4.96%	-40.10%	48.53%
Free Cash Flow	1,431	1,428	763.38	797.85	408.66	1,336
Free Cash Flow Per Share	1.76	1.74	0.94	0.98	0.50	2.13
Dividend Per Share	0.260	0.260	0.469	0.632	0.250	3.323
Dividend Growth	-44.56%	-44.56%	-25.79%	152.80%	-92.48%	564.60%
Gross Margin	15.96%	15.82%	15.78%	16.04%	16.57%	18.76%
Operating Margin	7.30%	7.21%	5.73%	6.38%	6.30%	8.29%
Profit Margin	1.73%	1.60%	3.62%	4.42%	5.00%	7.20%
Free Cash Flow Margin	5.70%	5.45%	2.90%	3.43%	2.07%	7.60%
EBITDA	2,764	2,809	2,388	2,237	1,920	2,073
EBITDA Margin	11.01%	10.73%	9.07%	9.61%	9.74%	11.79%
D&A For EBITDA	932.55	922.03	879.95	752.17	677.33	614.09
EBIT	1,831	1,887	1,508	1,485	1,243	1,459
EBIT Margin	7.30%	7.21%	5.73%	6.38%	6.30%	8.29%
Effective Tax Rate	33.86%	34.59%	18.41%	15.40%	10.94%	10.11%
Revenue as Reported	25,094	26,186	26,324	23,282	19,716	17,588

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