SHE:002353 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	Jan '22 Jan 1, 2022
Operating Revenue	16,687	16,083	13,285	13,872	11,375	8,746
Other Revenue	139.66	139.66	70.32	39.67	34.35	30.28
Revenue	16,827	16,223	13,355	13,912	11,409	8,776
Revenue Growth (YoY)	20.97%	21.48%	-4.00%	21.94%	30.00%	5.80%
Cost of Revenue	11,461	11,119	8,880	9,390	7,684	5,794
Gross Profit	5,366	5,104	4,475	4,522	3,725	2,982
Selling, General & Admin	1,266	1,237	1,001	940.95	870.04	781
Research & Development	537.2	551.1	505.72	511.2	366.9	316.35
Other Operating Expenses	49.13	51.54	17.17	57.27	45.23	58.35
Operating Expenses	1,963	2,008	1,825	1,768	1,626	1,267
Operating Income	3,403	3,097	2,650	2,754	2,100	1,716
Interest Expense	-158.65	-160.02	-164.72	-114.49	-86.78	-58.9
Interest & Investment Income	633.9	594.14	670.58	308.6	272.37	172.26
Currency Exchange Gain (Loss)	-135.85	-135.85	28.19	-27.61	235.89	-48.51
Other Non Operating Income (Expenses)	-268.33	-48.11	-82.85	-9.81	12.26	-16.82
EBT Excluding Unusual Items	3,474	3,347	3,102	2,911	2,533	1,764
Gain (Loss) on Sale of Investments	34.86	36.42	9.56	-10.46	19.04	2.84
Gain (Loss) on Sale of Assets	3.88	2.82	5.89	0.95	4.67	1.67
Asset Writedown	-12.46	-13.58	-7.59	-22.25	-2.2	-2.19
Other Unusual Items	-15.46	-13.82	48.08	50.32	58.57	118.85
Pretax Income	3,485	3,359	3,158	2,930	2,613	1,885
Income Tax Expense	621.91	607.07	472.03	436.22	325.41	273.03
Earnings From Continuing Operations	2,863	2,752	2,686	2,493	2,288	1,612
Minority Interest in Earnings	-60.25	-71.23	-58.52	-39.11	-43.09	-25.66
Net Income	2,803	2,680	2,627	2,454	2,245	1,586
Net Income to Common	2,803	2,680	2,627	2,454	2,245	1,586
Net Income Growth	3.16%	2.03%	7.03%	9.33%	41.55%	-6.17%
Shares Outstanding (Basic)	1,016	1,015	1,014	1,014	1,020	955
Shares Outstanding (Diluted)	1,016	1,015	1,014	1,014	1,020	955
Shares Change (YoY)	0.21%	0.10%	0.01%	-0.61%	6.80%	0.04%
EPS (Basic)	2.76	2.64	2.59	2.42	2.20	1.66
EPS (Diluted)	2.76	2.64	2.59	2.42	2.20	1.66
EPS Growth	2.94%	1.93%	7.03%	10.00%	32.53%	-6.21%
Free Cash Flow	2,207	4,505	1,515	-661.78	-519.83	445.63
Free Cash Flow Per Share	2.17	4.44	1.49	-0.65	-0.51	0.47
Dividend Per Share	0.850	0.850	0.810	0.490	0.331	0.180
Dividend Growth	4.94%	4.94%	65.31%	48.11%	83.80%	-
Gross Margin	31.89%	31.46%	33.51%	32.51%	32.65%	33.98%
Operating Margin	20.23%	19.09%	19.85%	19.80%	18.40%	19.55%
Profit Margin	16.66%	16.52%	19.67%	17.64%	19.68%	18.07%
Free Cash Flow Margin	13.12%	27.77%	11.35%	-4.76%	-4.56%	5.08%
EBITDA	4,407	4,051	3,407	3,381	2,664	2,130
EBITDA Margin	26.19%	24.97%	25.52%	24.30%	23.35%	24.27%
D&A For EBITDA	1,004	954.25	756.99	626.53	564.1	414.25
EBIT	3,403	3,097	2,650	2,754	2,100	1,716
EBIT Margin	20.23%	19.09%	19.85%	19.80%	18.40%	19.55%
Effective Tax Rate	17.84%	18.07%	14.95%	14.89%	12.45%	14.49%
Revenue as Reported	16,827	16,223	13,355	13,912	11,409	8,776

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