SHE:002204 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	15,875	15,335	14,159	11,906	10,229	9,000
Other Revenue	182.35	182.35	121.22	97.51	127.95	108.89
Revenue	16,058	15,517	14,281	12,003	10,357	9,109
Revenue Growth (YoY)	9.98%	8.66%	18.98%	15.89%	13.71%	11.52%
Cost of Revenue	13,181	12,698	11,917	9,859	8,347	7,289
Gross Profit	2,877	2,820	2,363	2,144	2,010	1,820
Selling, General & Admin	1,098	1,104	972.41	916.51	971.92	894.26
Research & Development	971.94	956.02	841.35	846.82	722.84	640.27
Other Operating Expenses	20.58	40.44	-18.55	38.82	71.95	57.1
Operating Expenses	2,204	2,215	1,856	1,885	1,887	1,678
Operating Income	672.49	604.92	507.69	258.74	123.29	141.98
Interest Expense	-33.8	-33.8	-41.04	-28.79	-5.68	-7.66
Interest & Investment Income	38.77	42.22	55.48	54.92	35.08	26.82
Earnings From Equity Investments	-	-	-0.25	-	-	-
Currency Exchange Gain (Loss)	5.14	5.14	15.62	9.72	105.55	-13.61
Other Non Operating Income (Expenses)	-14.8	4.25	-18.64	25.22	-23.26	1.37
EBT Excluding Unusual Items	667.81	622.73	518.86	319.8	234.98	148.91
Gain (Loss) on Sale of Investments	-1.43	-3.99	1.25	3.31	-1.95	2.48
Gain (Loss) on Sale of Assets	43.19	41.91	5.06	28.89	5.88	12.48
Asset Writedown	-15.83	-7.99	-5.58	-5.44	-8.3	-20.03
Legal Settlements	11.86	11.86	-16.09	-4.36	-	-
Other Unusual Items	28.89	28.89	75.64	63.15	75.05	19.56
Pretax Income	734.49	693.41	579.14	405.35	305.65	163.4
Income Tax Expense	122.39	110.33	81.27	42.25	20.77	65.05
Earnings From Continuing Operations	612.09	583.08	497.87	363.1	284.88	98.34
Minority Interest in Earnings	-	-	-	-	3.29	17.05
Net Income	612.09	583.08	497.87	363.1	288.17	115.39
Net Income to Common	612.09	583.08	497.87	363.1	288.17	115.39
Net Income Growth	14.47%	17.11%	37.12%	26.00%	149.74%	139.69%
Shares Outstanding (Basic)	1,912	1,912	1,922	1,931	1,931	1,933
Shares Outstanding (Diluted)	1,912	1,912	1,922	1,931	1,931	1,933
Shares Change (YoY)	-0.24%	-0.48%	-0.51%	-0.00%	-0.07%	-0.03%
EPS (Basic)	0.32	0.30	0.26	0.19	0.15	0.06
EPS (Diluted)	0.32	0.30	0.26	0.19	0.15	0.06
EPS Growth	14.74%	17.68%	37.82%	26.00%	149.92%	139.76%
Free Cash Flow	1,429	580.62	98.95	-1,048	-48.4	1,425
Free Cash Flow Per Share	0.75	0.30	0.05	-0.54	-0.03	0.74
Dividend Per Share	0.095	0.095	0.050	0.035	0.030	0.030
Dividend Growth	90.00%	90.00%	42.86%	16.67%	-	-14.29%
Gross Margin	17.92%	18.17%	16.55%	17.86%	19.41%	19.98%
Operating Margin	4.19%	3.90%	3.55%	2.16%	1.19%	1.56%
Profit Margin	3.81%	3.76%	3.49%	3.02%	2.78%	1.27%
Free Cash Flow Margin	8.90%	3.74%	0.69%	-8.73%	-0.47%	15.64%
EBITDA	985.05	907.83	772.06	477.07	318.65	351.26
EBITDA Margin	6.13%	5.85%	5.41%	3.98%	3.08%	3.86%
D&A For EBITDA	312.55	302.92	264.37	218.34	195.36	209.28
EBIT	672.49	604.92	507.69	258.74	123.29	141.98
EBIT Margin	4.19%	3.90%	3.55%	2.16%	1.19%	1.56%
Effective Tax Rate	16.66%	15.91%	14.03%	10.42%	6.79%	39.81%
Revenue as Reported	15,517	15,517	14,281	-	10,357	9,109

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