SHE:002415 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	Dec '21 Dec 31, 2021
Operating Revenue	94,068	91,885	91,848	88,736	82,542	80,803
Other Revenue	623.08	623.08	647.37	605.65	624.12	616.89
Revenue	94,691	92,508	92,496	89,341	83,166	81,420
Revenue Growth (YoY)	1.59%	0.01%	3.53%	7.42%	2.15%	28.21%
Cost of Revenue	50,817	50,477	52,398	50,200	48,470	45,764
Gross Profit	43,874	42,031	40,097	39,141	34,696	35,656
Selling, General & Admin	15,443	15,342	15,147	13,518	12,424	10,724
Research & Development	11,940	11,753	11,864	11,393	9,806	8,246
Other Operating Expenses	-1,458	-1,436	-1,395	-1,260	-1,175	-1,494
Operating Expenses	26,718	26,403	26,546	24,390	21,580	18,056
Operating Income	17,156	15,628	13,551	14,751	13,116	17,600
Interest Expense	-188.16	-200.7	-391.4	-463.96	-317.31	-249.4
Interest & Investment Income	918.02	798.22	1,065	1,130	1,140	1,060
Currency Exchange Gain (Loss)	274.98	274.98	-291.28	208.17	425.42	-478.8
Other Non Operating Income (Expenses)	-699.7	-175.17	-189.26	-130.95	-92.44	-27.38
EBT Excluding Unusual Items	17,461	16,325	13,744	15,495	14,272	17,904
Gain (Loss) on Sale of Investments	80.44	-17.92	47.76	22.68	-155.57	-38.2
Gain (Loss) on Sale of Assets	24.58	26.91	-14.54	-5.67	-18.62	26.07
Asset Writedown	-20.35	-12.12	-0.32	-4.83	-42.03	-
Other Unusual Items	691.12	691.12	566.27	591.95	798.72	576.31
Pretax Income	18,237	17,013	14,343	16,099	14,855	18,468
Income Tax Expense	1,773	1,580	1,202	943.31	1,297	957.49
Earnings From Continuing Operations	16,464	15,434	13,141	15,156	13,558	17,511
Minority Interest in Earnings	-1,526	-1,238	-1,164	-1,048	-720.43	-710.31
Net Income	14,938	14,195	11,977	14,108	12,838	16,800
Net Income to Common	14,938	14,195	11,977	14,108	12,838	16,800
Net Income Growth	23.45%	18.52%	-15.10%	9.89%	-23.59%	25.51%
Shares Outstanding (Basic)	9,170	9,182	9,235	9,281	9,371	9,282
Shares Outstanding (Diluted)	9,170	9,182	9,235	9,281	9,371	9,303
Shares Change (YoY)	-0.61%	-0.57%	-0.50%	-0.95%	0.73%	0.35%
EPS (Basic)	1.63	1.55	1.30	1.52	1.37	1.81
EPS (Diluted)	1.63	1.55	1.30	1.52	1.37	1.81
EPS Growth	24.21%	19.20%	-14.67%	10.95%	-24.14%	25.07%
Free Cash Flow	21,414	21,717	8,598	12,574	6,408	9,610
Free Cash Flow Per Share	2.33	2.37	0.93	1.35	0.68	1.03
Dividend Per Share	1.150	1.150	0.700	0.900	0.700	0.900
Dividend Growth	64.29%	64.29%	-22.22%	28.57%	-22.22%	12.50%
Gross Margin	46.33%	45.43%	43.35%	43.81%	41.72%	43.79%
Operating Margin	18.12%	16.89%	14.65%	16.51%	15.77%	21.62%
Profit Margin	15.78%	15.35%	12.95%	15.79%	15.44%	20.63%
Free Cash Flow Margin	22.61%	23.48%	9.30%	14.07%	7.71%	11.80%
EBITDA	18,919	17,357	15,143	16,153	14,124	18,426
EBITDA Margin	19.98%	18.76%	16.37%	18.08%	16.98%	22.63%
D&A For EBITDA	1,763	1,728	1,592	1,402	1,008	825.74
EBIT	17,156	15,628	13,551	14,751	13,116	17,600
EBIT Margin	18.12%	16.89%	14.65%	16.51%	15.77%	21.62%
Effective Tax Rate	9.72%	9.29%	8.38%	5.86%	8.73%	5.18%

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