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	Jun '26 Jun 30, 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	16,743	16,083	13,285	13,872	11,375	8,746
Other Revenue	225.98	139.66	70.32	39.67	34.35	30.28
Revenue	16,969	16,223	13,355	13,912	11,409	8,776
Revenue Growth	10.92%	21.48%	-4.00%	21.94%	30.00%	5.80%
Cost of Revenue	11,719	11,119	8,880	9,390	7,684	5,794
Gross Profit	5,250	5,104	4,475	4,522	3,725	2,982
Selling, General & Admin	1,293	1,237	1,001	940.95	870.04	781
Research & Development	527.11	551.1	505.72	511.2	366.9	316.35
Other Operating Expenses	72.52	51.54	17.17	57.27	45.23	58.35
Operating Expenses	1,960	2,008	1,825	1,768	1,626	1,267
Operating Income	3,290	3,097	2,650	2,754	2,100	1,716
Interest Expense	-142.91	-160.02	-164.72	-114.49	-86.78	-58.9
Interest & Investment Income	543.2	594.14	670.58	308.6	272.37	172.26
Currency Exchange Gain (Loss)	-480.44	-135.85	28.19	-27.61	235.89	-48.51
Other Non Operating Income (Expenses)	-65.95	-48.11	-82.85	-9.81	12.26	-16.82
EBT Excluding Unusual Items	3,143	3,347	3,102	2,911	2,533	1,764
Gain (Loss) on Sale of Investments	116.4	36.42	9.56	-10.46	19.04	2.84
Gain (Loss) on Sale of Assets	2.83	2.82	5.89	0.95	4.67	1.67
Asset Writedown	-13	-13.58	-7.59	-22.25	-2.2	-2.19
Other Unusual Items	-4.16	-13.82	48.08	50.32	58.57	118.85
Pretax Income	3,246	3,359	3,158	2,930	2,613	1,885
Income Tax Expense	549.03	607.07	472.03	436.22	325.41	273.03
Earnings From Continuing Operations	2,697	2,752	2,686	2,493	2,288	1,612
Minority Interest in Earnings	-61.32	-71.23	-58.52	-39.11	-43.09	-25.66
Net Income	2,635	2,680	2,627	2,454	2,245	1,586
Net Income to Common	2,635	2,680	2,627	2,454	2,245	1,586
Net Income Growth	-5.20%	2.03%	7.03%	9.33%	41.55%	-6.17%
Shares Outstanding (Basic)	1,013	1,015	1,014	1,014	1,020	955
Shares Outstanding (Diluted)	1,013	1,015	1,014	1,014	1,020	955
Shares Change	-0.10%	0.10%	0.01%	-0.61%	6.80%	0.04%
EPS (Basic)	2.60	2.64	2.59	2.42	2.20	1.66
EPS (Diluted)	2.60	2.64	2.59	2.42	2.20	1.66
EPS Growth	-5.11%	1.93%	7.03%	10.00%	32.53%	-6.21%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	559.65	4,505	1,515	-661.78	-519.83	445.63
Free Cash Flow Per Share	0.55	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	1.19%	4.94%	65.31%	48.11%	83.80%	0%
Gross Margin	30.94%	31.46%	33.51%	32.51%	32.65%	33.98%
Operating Margin	19.39%	19.09%	19.85%	19.80%	18.40%	19.55%
Profit Margin	15.53%	16.52%	19.67%	17.64%	19.68%	18.07%
Free Cash Flow Margin	3.30%	27.77%	11.35%	-4.76%	-4.56%	5.08%
EBITDA	4,231	4,051	3,407	3,381	2,664	2,130
EBITDA Margin	24.94%	24.97%	25.52%	24.30%	23.35%	24.27%
D&A For EBITDA	941.84	954.25	756.99	626.53	564.1	414.25
EBIT	3,290	3,097	2,650	2,754	2,100	1,716
EBIT Margin	19.39%	19.09%	19.85%	19.80%	18.40%	19.55%
Effective Tax Rate	16.92%	18.07%	14.95%	14.89%	12.45%	14.49%
Revenue as Reported	16,969	16,223	13,355	13,912	11,409	8,776