SHE:002344 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	1,014	1,032	1,066	1,259	1,342	1,363
Other Revenue	13.08	14.49	11.08	10.11	16.92	87.15
Revenue	1,028	1,046	1,077	1,269	1,359	1,450
Revenue Growth (YoY)	-4.18%	-2.89%	-15.10%	-6.63%	-6.30%	2.29%
Cost of Revenue	654.48	667.11	714.83	785.36	831.48	816.87
Gross Profit	373.03	378.95	362.41	483.5	527.52	633.55
Selling, General & Admin	197	197.12	203.59	230.75	187.8	191.31
Research & Development	2.3	2.01	5.61	14.41	13.11	12.76
Other Operating Expenses	66.91	55.94	46.23	55.08	71.17	132.89
Operating Expenses	293.67	278.7	251.11	292.78	256.79	386.86
Operating Income	79.36	100.25	111.3	190.72	270.73	246.69
Interest Expense	-35.89	-34.61	-45.98	-61.04	-54.44	-31.23
Interest & Investment Income	71.58	80.71	106.9	139.06	124.22	156.38
Currency Exchange Gain (Loss)	-	-	-	-	0	5.31
Other Non Operating Income (Expenses)	-0.11	-0.97	-0.94	-1.23	-2.27	-0.75
EBT Excluding Unusual Items	114.94	145.38	171.28	267.52	338.25	376.4
Gain (Loss) on Sale of Investments	1.67	0.96	-1.68	-2.35	10.27	1.35
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.04	-2.13	0.13	-0.02
Asset Writedown	-11.34	-11.33	-	-	-35.79	-0.04
Other Unusual Items	9.73	9.73	14.97	14.58	97.53	76.55
Pretax Income	115	144.73	184.53	277.61	410.4	454.24
Income Tax Expense	41.25	45.96	52.18	58.92	103.98	123.31
Earnings From Continuing Operations	73.75	98.77	132.35	218.7	306.42	330.93
Net Income to Company	73.75	98.77	132.35	218.7	306.42	330.93
Minority Interest in Earnings	-25.63	-28.16	-43.51	-41.2	-36.29	-3.03
Net Income	48.12	70.61	88.84	177.5	270.13	327.9
Net Income to Common	48.12	70.61	88.84	177.5	270.13	327.9
Net Income Growth	-46.21%	-20.52%	-49.95%	-34.29%	-17.62%	68.52%
Shares Outstanding (Basic)	1,189	1,177	1,269	1,268	1,286	1,261
Shares Outstanding (Diluted)	1,189	1,177	1,269	1,268	1,286	1,261
Shares Change (YoY)	-6.58%	-7.27%	0.10%	-1.44%	2.00%	-2.77%
EPS (Basic)	0.04	0.06	0.07	0.14	0.21	0.26
EPS (Diluted)	0.04	0.06	0.07	0.14	0.21	0.26
EPS Growth	-42.42%	-14.29%	-50.00%	-33.33%	-19.23%	73.33%
Free Cash Flow	-301.88	-113.69	265.46	-83.01	-203.47	338.56
Free Cash Flow Per Share	-0.25	-0.10	0.21	-0.07	-0.16	0.27
Dividend Per Share	0.040	0.040	0.038	0.043	0.045	0.030
Dividend Growth	5.26%	5.26%	-11.63%	-4.44%	50.00%	57.89%
Gross Margin	36.30%	36.23%	33.64%	38.10%	38.82%	43.68%
Operating Margin	7.72%	9.58%	10.33%	15.03%	19.92%	17.01%
Profit Margin	4.68%	6.75%	8.25%	13.99%	19.88%	22.61%
Free Cash Flow Margin	-29.38%	-10.87%	24.64%	-6.54%	-14.97%	23.34%
EBITDA	428.14	448.37	456.81	525.16	612.94	585.23
EBITDA Margin	41.67%	42.86%	42.41%	41.39%	45.10%	40.35%
D&A For EBITDA	348.78	348.12	345.51	334.43	342.2	338.54
EBIT	79.36	100.25	111.3	190.72	270.73	246.69
EBIT Margin	7.72%	9.58%	10.33%	15.03%	19.92%	17.01%
Effective Tax Rate	35.87%	31.76%	28.28%	21.22%	25.34%	27.15%
Revenue as Reported	1,038	1,056	1,096	1,291	1,393	1,456

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