SHE:002255 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	Dec '21 Dec 31, 2021
Operating Revenue	2,287	2,761	2,766	2,343	2,465
Other Revenue	35.33	27.68	28.97	21.32	68.1
Revenue	2,322	2,789	2,795	2,365	2,533
Revenue Growth (YoY)	-16.73%	-0.23%	18.20%	-6.63%	25.07%
Cost of Revenue	1,634	2,100	2,099	1,786	1,913
Gross Profit	688.51	688.99	696.07	578.66	620.19
Selling, General & Admin	139.43	144.34	134.03	120.83	118.47
Research & Development	91.6	117.39	116.44	95.56	94.18
Other Operating Expenses	13.25	9.61	7.04	14.3	17.16
Operating Expenses	271.75	269.25	301.46	241.04	273.38
Operating Income	416.76	419.74	394.61	337.63	346.81
Interest Expense	-2.66	-2.89	-2.97	-3.47	-5.08
Interest & Investment Income	44.81	16.22	8.07	7.8	9.81
Currency Exchange Gain (Loss)	4.07	-1.04	-2.21	-0.37	-1.4
Other Non Operating Income (Expenses)	-1.71	4.03	-5.15	-2.62	-13.72
EBT Excluding Unusual Items	461.27	436.08	392.35	338.97	336.43
Gain (Loss) on Sale of Investments	0.65	-0.1	-0.34	-	-
Gain (Loss) on Sale of Assets	0.23	0	0.06	1.54	0.04
Asset Writedown	-	-	-0.48	-1.34	0.23
Other Unusual Items	13.98	-2.12	7.59	23.8	10.42
Pretax Income	476.13	433.86	399.17	362.98	347.12
Income Tax Expense	57.14	54.59	50.64	13.46	3.36
Earnings From Continuing Operations	418.99	379.28	348.54	349.51	343.76
Minority Interest in Earnings	-2.13	-2.03	-8.24	-12.84	-14.16
Net Income	416.86	377.25	340.3	336.68	329.6
Net Income to Common	416.86	377.25	340.3	336.68	329.6
Net Income Growth	10.50%	10.86%	1.07%	2.15%	-56.61%
Shares Outstanding (Basic)	830	840	842	842	843
Shares Outstanding (Diluted)	830	840	842	842	843
Shares Change (YoY)	-1.17%	-0.25%	0.07%	-0.15%	0.11%
EPS (Basic)	0.50	0.45	0.40	0.40	0.39
EPS (Diluted)	0.50	0.45	0.40	0.40	0.39
EPS Growth	11.80%	11.14%	1.00%	2.30%	-56.65%
Free Cash Flow	404.45	635.41	288.66	449.8	122.32
Free Cash Flow Per Share	0.49	0.76	0.34	0.53	0.14
Dividend Per Share	0.105	-	-	-	-
Gross Margin	29.65%	24.71%	24.90%	24.47%	24.49%
Operating Margin	17.95%	15.05%	14.12%	14.28%	13.69%
Profit Margin	17.95%	13.53%	12.17%	14.24%	13.01%
Free Cash Flow Margin	17.42%	22.79%	10.33%	19.02%	4.83%
EBITDA	522.13	522.65	495.11	446.37	456.96
EBITDA Margin	22.48%	18.74%	17.71%	18.88%	18.04%
D&A For EBITDA	105.37	102.91	100.5	108.74	110.15
EBIT	416.76	419.74	394.61	337.63	346.81
EBIT Margin	17.95%	15.05%	14.12%	14.28%	13.69%
Effective Tax Rate	12.00%	12.58%	12.68%	3.71%	0.97%
Revenue as Reported	2,322	2,789	2,795	2,365	2,533

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.