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	Jun '26 Jun 30, 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	96,945	91,885	91,848	88,736	82,542	80,803
Other Revenue	567.75	623.08	647.37	605.65	624.12	616.89
Revenue	97,512	92,508	92,496	89,341	83,166	81,420
Revenue Growth	4.73%	0.01%	3.53%	7.42%	2.15%	28.21%
Cost of Revenue	51,001	50,477	52,398	50,200	48,470	45,764
Gross Profit	46,511	42,031	40,097	39,141	34,696	35,656
Selling, General & Admin	15,563	15,342	15,147	13,518	12,424	10,724
Research & Development	12,252	11,753	11,864	11,393	9,806	8,246
Other Operating Expenses	-1,370	-1,436	-1,395	-1,260	-1,175	-1,494
Operating Expenses	27,392	26,403	26,546	24,390	21,580	18,056
Operating Income	19,119	15,628	13,551	14,751	13,116	17,600
Interest Expense	-178.05	-200.7	-391.4	-463.96	-317.31	-249.4
Interest & Investment Income	1,560	798.22	1,065	1,130	1,140	1,060
Currency Exchange Gain (Loss)	-926.28	274.98	-291.28	208.17	425.42	-478.8
Other Non Operating Income (Expenses)	-169.78	-175.17	-189.26	-130.95	-92.44	-27.38
EBT Excluding Unusual Items	19,405	16,325	13,744	15,495	14,272	17,904
Gain (Loss) on Sale of Investments	104.38	-17.92	47.76	22.68	-155.57	-38.2
Gain (Loss) on Sale of Assets	19.49	26.91	-14.54	-5.67	-18.62	26.07
Asset Writedown	-7.88	-12.12	-0.32	-4.83	-42.03	-
Other Unusual Items	856.73	691.12	566.27	591.95	798.72	576.31
Pretax Income	20,378	17,013	14,343	16,099	14,855	18,468
Income Tax Expense	2,103	1,580	1,202	943.31	1,297	957.49
Earnings From Continuing Operations	18,275	15,434	13,141	15,156	13,558	17,511
Minority Interest in Earnings	-1,841	-1,238	-1,164	-1,048	-720.43	-710.31
Net Income	16,434	14,195	11,977	14,108	12,838	16,800
Net Income to Common	16,434	14,195	11,977	14,108	12,838	16,800
Net Income Growth	30.73%	18.52%	-15.10%	9.89%	-23.59%	25.51%
Shares Outstanding (Basic)	9,162	9,182	9,235	9,281	9,371	9,282
Shares Outstanding (Diluted)	9,162	9,182	9,235	9,281	9,371	9,303
Shares Change	0.28%	-0.57%	-0.50%	-0.95%	0.73%	0.35%
EPS (Basic)	1.79	1.55	1.30	1.52	1.37	1.81
EPS (Diluted)	1.79	1.55	1.30	1.52	1.37	1.81
EPS Growth	30.36%	19.20%	-14.67%	10.95%	-24.14%	25.07%

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	20,089	21,717	8,598	12,574	6,408	9,610
Free Cash Flow Per Share	2.19	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	4.54%	64.29%	-22.22%	28.57%	-22.22%	12.50%
Gross Margin	47.70%	45.43%	43.35%	43.81%	41.72%	43.79%
Operating Margin	19.61%	16.89%	14.65%	16.51%	15.77%	21.62%
Profit Margin	16.85%	15.35%	12.95%	15.79%	15.44%	20.63%
Free Cash Flow Margin	20.60%	23.48%	9.30%	14.07%	7.71%	11.80%
EBITDA	21,029	17,357	15,143	16,153	14,124	18,426
EBITDA Margin	21.57%	18.76%	16.37%	18.08%	16.98%	22.63%
D&A For EBITDA	1,910	1,728	1,592	1,402	1,008	825.74
EBIT	19,119	15,628	13,551	14,751	13,116	17,600
EBIT Margin	19.61%	16.89%	14.65%	16.51%	15.77%	21.62%
Effective Tax Rate	10.32%	9.29%	8.38%	5.86%	8.73%	5.18%