SHE:002463 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	18,147	12,844	8,580	7,957	7,061
Other Revenue	798.15	497.54	358.5	378.98	357.8
Revenue	18,945	13,342	8,938	8,336	7,419
Revenue Growth (YoY)	42.00%	49.26%	7.22%	12.37%	-0.55%
Cost of Revenue	12,441	8,900	6,281	5,919	5,521
Gross Profit	6,505	4,441	2,658	2,417	1,898
Selling, General & Admin	938.32	683.91	462.25	434.83	375.22
Research & Development	1,132	782.65	534.07	463.9	406.83
Other Operating Expenses	101.4	89.54	59.9	65.74	57.56
Operating Expenses	2,216	1,573	1,045	975.36	847.68
Operating Income	4,289	2,869	1,613	1,442	1,050
Interest Expense	-123.65	-120.35	-87.81	-36.64	-19.09
Interest & Investment Income	200.75	206.86	191.9	135.82	96.01
Currency Exchange Gain (Loss)	-1.45	97.08	-15.55	38.18	-3.57
Other Non Operating Income (Expenses)	-7.7	-1.44	-1.17	-1.04	-0.86
EBT Excluding Unusual Items	4,357	3,051	1,701	1,578	1,123
Gain (Loss) on Sale of Investments	9.61	-31.31	0.69	-45.62	-10.49
Gain (Loss) on Sale of Assets	-16.46	-5.37	-12.08	-6.05	-6.2
Asset Writedown	-17.3	-119.79	-56.44	-24.61	-11.26
Other Unusual Items	65.33	55.32	72.65	71.43	104.56
Pretax Income	4,398	2,950	1,705	1,573	1,199
Income Tax Expense	579.51	383.44	215.82	211.72	135.76
Earnings From Continuing Operations	3,819	2,566	1,490	1,362	1,064
Minority Interest in Earnings	3.63	20.92	23.02	-	-
Net Income	3,822	2,587	1,513	1,362	1,064
Net Income to Common	3,822	2,587	1,513	1,362	1,064
Net Income Growth	47.74%	71.05%	11.09%	28.03%	-20.80%
Shares Outstanding (Basic)	1,923	1,914	1,904	1,897	1,887
Shares Outstanding (Diluted)	1,941	1,921	1,908	1,897	1,887
Shares Change (YoY)	1.03%	0.70%	0.60%	0.51%	-1.73%
EPS (Basic)	1.99	1.35	0.79	0.72	0.56
EPS (Diluted)	1.97	1.35	0.79	0.72	0.56
EPS Growth	46.23%	69.88%	10.42%	27.38%	-20.86%
Free Cash Flow	673.47	177.37	1,433	689.09	906.78
Free Cash Flow Per Share	0.35	0.09	0.75	0.36	0.48
Dividend Per Share	0.500	0.500	0.500	0.150	0.150
Dividend Growth	-	-	233.33%	-	-17.49%
Gross Margin	34.33%	33.29%	29.73%	29.00%	25.58%
Operating Margin	22.64%	21.50%	18.05%	17.30%	14.16%
Profit Margin	20.18%	19.39%	16.92%	16.33%	14.34%
Free Cash Flow Margin	3.55%	1.33%	16.03%	8.27%	12.22%
EBITDA	4,881	3,357	2,027	1,768	1,394
EBITDA Margin	25.77%	25.16%	22.68%	21.20%	18.80%
D&A For EBITDA	592.42	488.51	413.75	325.77	344.3
EBIT	4,289	2,869	1,613	1,442	1,050
EBIT Margin	22.64%	21.50%	18.05%	17.30%	14.16%
Effective Tax Rate	13.18%	13.00%	12.65%	13.46%	11.32%
Revenue as Reported	18,945	13,342	8,938	-	-

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