SHE:002085 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	15,438	15,546	15,799	15,749	15,951	11,873
Other Revenue	441.04	441.04	465.25	457.44	431.1	562.9
Revenue	15,879	15,987	16,264	16,207	16,382	12,436
Revenue Growth (YoY)	-2.53%	-1.70%	0.35%	-1.07%	31.73%	16.23%
Cost of Revenue	13,265	13,276	13,576	12,937	13,384	10,445
Gross Profit	2,614	2,711	2,688	3,270	2,998	1,991
Selling, General & Admin	857.97	859.5	902.54	998.79	933.63	845.22
Research & Development	422.73	467.86	461.11	495.7	499.38	412.85
Other Operating Expenses	6.02	5.8	19.98	42.88	58.22	51.58
Operating Expenses	1,332	1,379	1,557	1,561	1,501	1,325
Operating Income	1,282	1,333	1,132	1,709	1,497	666.88
Interest Expense	-175.52	-179.35	-210.51	-265.26	-303.78	-278.11
Interest & Investment Income	43.28	42.55	39.75	28.43	12.44	33.9
Currency Exchange Gain (Loss)	-15.49	-15.49	97.36	-5.87	22.81	22.26
Other Non Operating Income (Expenses)	-29.73	-8.42	-11.99	-5.16	-7.71	-10.01
EBT Excluding Unusual Items	1,104	1,172	1,046	1,461	1,221	434.92
Impairment of Goodwill	-	-	-59.46	-279	-39.25	-
Gain (Loss) on Sale of Investments	-9.68	-9.68	-13.02	2.72	-7.32	-1.82
Gain (Loss) on Sale of Assets	5.32	5.14	2.89	2.87	2.57	0.13
Asset Writedown	-0.37	-0.57	-0.27	-	-0.45	-31.83
Legal Settlements	-	-	-	-	-	70.34
Other Unusual Items	161.93	161.93	105.64	105.35	77.77	93.27
Pretax Income	1,262	1,329	1,082	1,293	1,254	605.05
Income Tax Expense	177.89	188.17	241.75	259.42	222.49	73.2
Earnings From Continuing Operations	1,084	1,141	840.35	1,034	1,032	531.85
Minority Interest in Earnings	-128.46	-153.54	-187.03	-306.97	-222.7	-198.49
Net Income	955.2	987.21	653.31	727	809.03	333.36
Net Income to Common	955.2	987.21	653.31	727	809.03	333.36
Net Income Growth	36.15%	51.11%	-10.14%	-10.14%	142.69%	-41.08%
Shares Outstanding (Basic)	2,078	2,100	2,042	2,077	2,074	2,084
Shares Outstanding (Diluted)	2,124	2,100	2,042	2,077	2,074	2,084
Shares Change (YoY)	3.34%	2.88%	-1.71%	0.13%	-0.43%	-0.58%
EPS (Basic)	0.46	0.47	0.32	0.35	0.39	0.16
EPS (Diluted)	0.45	0.47	0.32	0.35	0.39	0.16
EPS Growth	31.74%	46.88%	-8.57%	-10.26%	143.75%	-40.74%
Free Cash Flow	449.57	901.62	567.67	1,500	980.37	322.24
Free Cash Flow Per Share	0.21	0.43	0.28	0.72	0.47	0.15
Dividend Per Share	0.150	0.150	0.100	0.150	0.100	-
Dividend Growth	50.00%	50.00%	-33.33%	50.00%	-	-
Gross Margin	16.46%	16.96%	16.53%	20.18%	18.30%	16.01%
Operating Margin	8.07%	8.34%	6.96%	10.55%	9.14%	5.36%
Profit Margin	6.02%	6.17%	4.02%	4.49%	4.94%	2.68%
Free Cash Flow Margin	2.83%	5.64%	3.49%	9.26%	5.98%	2.59%
EBITDA	1,785	1,849	1,697	2,332	2,146	1,325
EBITDA Margin	11.24%	11.56%	10.43%	14.39%	13.10%	10.66%
D&A For EBITDA	503.36	515.7	565.03	622.68	649.32	658.46
EBIT	1,282	1,333	1,132	1,709	1,497	666.88
EBIT Margin	8.07%	8.34%	6.96%	10.55%	9.14%	5.36%
Effective Tax Rate	14.10%	14.16%	22.34%	20.06%	17.74%	12.10%
Revenue as Reported	15,879	15,987	16,264	16,207	16,382	12,436

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