SHE:002255 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	Dec '21 Dec 31, 2021
Operating Revenue	2,319	2,287	2,761	2,766	2,343	2,465
Other Revenue	35.33	35.33	27.68	28.97	21.32	68.1
Revenue	2,354	2,322	2,789	2,795	2,365	2,533
Revenue Growth (YoY)	-15.64%	-16.73%	-0.23%	18.20%	-6.63%	25.07%
Cost of Revenue	1,637	1,634	2,100	2,099	1,786	1,913
Gross Profit	717.08	688.51	688.99	696.07	578.66	620.19
Selling, General & Admin	133.96	139.43	144.34	134.03	120.83	118.47
Research & Development	80.92	91.6	117.39	116.44	95.56	94.18
Other Operating Expenses	18.37	13.25	9.61	7.04	14.3	17.16
Operating Expenses	260.72	271.75	269.25	301.46	241.04	273.38
Operating Income	456.36	416.76	419.74	394.61	337.63	346.81
Interest Expense	-2.66	-2.66	-2.89	-2.97	-3.47	-5.08
Interest & Investment Income	44.81	44.81	16.22	8.07	7.8	9.81
Currency Exchange Gain (Loss)	4.07	4.07	-1.04	-2.21	-0.37	-1.4
Other Non Operating Income (Expenses)	10.04	-1.71	4.03	-5.15	-2.62	-13.72
EBT Excluding Unusual Items	512.63	461.27	436.08	392.35	338.97	336.43
Gain (Loss) on Sale of Investments	-3.55	0.65	-0.1	-0.34	-	-
Gain (Loss) on Sale of Assets	0.33	0.23	0	0.06	1.54	0.04
Asset Writedown	-1.02	-	-	-0.48	-1.34	0.23
Other Unusual Items	13.98	13.98	-2.12	7.59	23.8	10.42
Pretax Income	522.38	476.13	433.86	399.17	362.98	347.12
Income Tax Expense	73.36	57.14	54.59	50.64	13.46	3.36
Earnings From Continuing Operations	449.02	418.99	379.28	348.54	349.51	343.76
Minority Interest in Earnings	-2.42	-2.13	-2.03	-8.24	-12.84	-14.16
Net Income	446.6	416.86	377.25	340.3	336.68	329.6
Net Income to Common	446.6	416.86	377.25	340.3	336.68	329.6
Net Income Growth	10.11%	10.50%	10.86%	1.07%	2.15%	-56.61%
Shares Outstanding (Basic)	830	830	840	842	842	843
Shares Outstanding (Diluted)	830	830	840	842	842	843
Shares Change (YoY)	-0.81%	-1.17%	-0.25%	0.07%	-0.15%	0.11%
EPS (Basic)	0.54	0.50	0.45	0.40	0.40	0.39
EPS (Diluted)	0.54	0.50	0.45	0.40	0.40	0.39
EPS Growth	11.01%	11.80%	11.14%	1.00%	2.30%	-56.65%
Free Cash Flow	422.44	404.45	635.41	288.66	449.8	122.32
Free Cash Flow Per Share	0.51	0.49	0.76	0.34	0.53	0.14
Dividend Per Share	0.105	0.105	-	-	-	-
Gross Margin	30.46%	29.65%	24.71%	24.90%	24.47%	24.49%
Operating Margin	19.39%	17.95%	15.05%	14.12%	14.28%	13.69%
Profit Margin	18.97%	17.95%	13.53%	12.17%	14.24%	13.01%
Free Cash Flow Margin	17.95%	17.42%	22.79%	10.33%	19.02%	4.83%
EBITDA	562.35	522.13	522.65	495.11	446.37	456.96
EBITDA Margin	23.89%	22.48%	18.74%	17.71%	18.88%	18.04%
D&A For EBITDA	105.98	105.37	102.91	100.5	108.74	110.15
EBIT	456.36	416.76	419.74	394.61	337.63	346.81
EBIT Margin	19.39%	17.95%	15.05%	14.12%	14.28%	13.69%
Effective Tax Rate	14.04%	12.00%	12.58%	12.68%	3.71%	0.97%
Revenue as Reported	2,322	2,322	2,789	2,795	2,365	2,533

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