SHE:002287 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	Jan '22 Jan 1, 2022
Operating Revenue	2,416	2,336	2,040	2,040	1,766
Other Revenue	-	2.19	5.55	4.63	4.06
Revenue	2,416	2,338	2,045	2,045	1,770
Revenue Growth (YoY)	3.34%	14.32%	0.02%	15.49%	19.22%
Cost of Revenue	-	419.55	324.7	325.52	269.7
Gross Profit	2,416	1,918	1,720	1,719	1,501
Selling, General & Admin	-	1,280	1,162	1,107	986.35
Research & Development	-	66.73	58.63	55.09	70.82
Other Operating Expenses	1,653	34.76	32.26	29.47	28.58
Operating Expenses	1,653	1,382	1,253	1,192	1,084
Operating Income	762.95	536.7	467.52	527.71	416.45
Interest Expense	-	-57.79	-63.07	-56.42	-53.43
Interest & Investment Income	-	4.19	41.92	16.96	340.33
Currency Exchange Gain (Loss)	-	-0.01	-0.03	-0.02	-0.02
Other Non Operating Income (Expenses)	-28.78	-0.02	-1.16	-3.56	-2.46
EBT Excluding Unusual Items	734.17	483.08	445.19	484.68	700.88
Impairment of Goodwill	-	-	-	-	-15.77
Gain (Loss) on Sale of Investments	-	100.32	37.07	-37.08	20.69
Gain (Loss) on Sale of Assets	-	-	0.32	0	-0.07
Asset Writedown	-	-0.58	-0.3	-1.22	-0.35
Other Unusual Items	-	63.43	162.14	72.82	82.54
Pretax Income	734.17	646.24	644.41	519.2	787.91
Income Tax Expense	87.94	64.87	65.24	49.56	77.09
Earnings From Continuing Operations	646.23	581.37	579.18	469.64	710.83
Minority Interest in Earnings	-	0.91	2.02	2.9	5.05
Net Income	646.23	582.28	581.2	472.54	715.88
Net Income to Common	646.23	582.28	581.2	472.54	715.88
Net Income Growth	10.98%	0.19%	22.99%	-33.99%	77.21%
Shares Outstanding (Basic)	544	530	530	530	529
Shares Outstanding (Diluted)	544	530	530	530	529
Shares Change (YoY)	2.51%	0.03%	-0.05%	0.21%	0.12%
EPS (Basic)	1.19	1.10	1.10	0.89	1.35
EPS (Diluted)	1.19	1.10	1.10	0.89	1.35
EPS Growth	8.27%	0.15%	23.05%	-34.13%	77.01%
Free Cash Flow	-	201.31	458.59	13.29	909.35
Free Cash Flow Per Share	-	0.38	0.86	0.03	1.72
Dividend Per Share	-	0.380	0.480	0.390	0.590
Dividend Growth	-	-20.83%	23.08%	-33.90%	73.53%
Gross Margin	100.00%	82.06%	84.12%	84.08%	84.77%
Operating Margin	31.58%	22.96%	22.86%	25.81%	23.52%
Profit Margin	26.75%	24.91%	28.42%	23.11%	40.43%
Free Cash Flow Margin	-	8.61%	22.42%	0.65%	51.36%
EBITDA	870.95	644.7	552.96	604.13	476.77
EBITDA Margin	36.05%	27.57%	27.04%	29.54%	26.93%
D&A For EBITDA	108	108	85.43	76.42	60.32
EBIT	762.95	536.7	467.52	527.71	416.45
EBIT Margin	31.58%	22.96%	22.86%	25.81%	23.52%
Effective Tax Rate	11.98%	10.04%	10.12%	9.54%	9.78%
Revenue as Reported	-	2,338	2,045	2,045	1,770

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