SHE:002400 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	22,160	21,347	20,649	16,657	14,589	12,995
Other Revenue	6.54	6.54	8.99	16.02	10.66	7.8
Revenue	22,167	21,354	20,658	16,673	14,600	13,003
Revenue Growth (YoY)	4.74%	3.37%	23.90%	14.20%	12.28%	-2.17%
Cost of Revenue	20,893	20,106	19,236	15,240	13,127	11,687
Gross Profit	1,273	1,248	1,422	1,434	1,472	1,316
Selling, General & Admin	874.16	842.26	836.81	861.1	772.4	759.31
Research & Development	196.16	231.45	324.96	330.23	308.23	304.73
Other Operating Expenses	45.24	44.38	50.42	-19.48	-53.13	-74.02
Operating Expenses	1,133	1,135	1,253	1,245	1,099	1,133
Operating Income	140.61	112.61	168.53	188.76	373.24	182.96
Interest Expense	-39.81	-39.81	-44.14	-31.12	-8.46	-7.35
Interest & Investment Income	188.47	54.64	12.69	43.36	21.54	54
Currency Exchange Gain (Loss)	0.79	0.79	-11.92	-5.79	17.55	-0.57
Other Non Operating Income (Expenses)	-14.59	-4.59	2.33	-19.43	-15.58	-0
EBT Excluding Unusual Items	275.47	123.63	127.49	175.78	388.29	229.04
Impairment of Goodwill	-40.06	-40.06	-	-	-139.22	-98.51
Gain (Loss) on Sale of Investments	-39.55	110.8	0.46	8.27	-11.88	-4.04
Gain (Loss) on Sale of Assets	0.05	-0.23	-19.85	0.18	0.03	-0.44
Asset Writedown	-13.99	0.02	-0.03	0.15	-0.08	-0.44
Other Unusual Items	-3.74	-3.74	31.07	5.66	48.66	107.16
Pretax Income	178.16	190.41	139.14	190.04	285.81	232.77
Income Tax Expense	66.98	71.2	56.79	37.84	70.01	39.79
Earnings From Continuing Operations	111.18	119.21	82.35	152.2	215.8	192.98
Minority Interest in Earnings	-31.6	-29.24	18.58	0.89	-2.94	-9.08
Net Income	79.59	89.97	100.93	153.09	212.86	183.9
Net Income to Common	79.59	89.97	100.93	153.09	212.86	183.9
Net Income Growth	-22.63%	-10.86%	-34.07%	-28.08%	15.75%	-
Shares Outstanding (Basic)	1,742	1,744	1,743	1,744	1,745	1,672
Shares Outstanding (Diluted)	1,742	1,744	1,743	1,744	1,745	1,672
Shares Change (YoY)	-0.11%	0.02%	-0.03%	-0.07%	4.37%	-4.96%
EPS (Basic)	0.05	0.05	0.06	0.09	0.12	0.11
EPS (Diluted)	0.05	0.05	0.06	0.09	0.12	0.11
EPS Growth	-22.55%	-10.88%	-34.05%	-28.03%	10.91%	-
Free Cash Flow	56.87	-439.71	-313.78	437.75	-397.72	584.31
Free Cash Flow Per Share	0.03	-0.25	-0.18	0.25	-0.23	0.35
Dividend Per Share	0.016	0.016	0.018	0.027	0.040	0.016
Dividend Growth	-11.11%	-11.11%	-33.33%	-32.50%	150.00%	-
Gross Margin	5.75%	5.84%	6.88%	8.60%	10.08%	10.12%
Operating Margin	0.63%	0.53%	0.82%	1.13%	2.56%	1.41%
Profit Margin	0.36%	0.42%	0.49%	0.92%	1.46%	1.41%
Free Cash Flow Margin	0.26%	-2.06%	-1.52%	2.63%	-2.72%	4.49%
EBITDA	180.94	154.11	214.69	234.96	420.54	243.32
EBITDA Margin	0.82%	0.72%	1.04%	1.41%	2.88%	1.87%
D&A For EBITDA	40.33	41.5	46.16	46.2	47.3	60.36
EBIT	140.61	112.61	168.53	188.76	373.24	182.96
EBIT Margin	0.63%	0.53%	0.82%	1.13%	2.56%	1.41%
Effective Tax Rate	37.59%	37.39%	40.81%	19.91%	24.50%	17.09%
Revenue as Reported	21,354	21,354	20,658	16,673	-	13,003

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