SHE:002475 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	349,748	327,647	265,136	229,308	211,944	152,258
Other Revenue	4,697	4,697	3,659	2,597	2,085	1,688
Revenue	354,445	332,344	268,795	231,905	214,028	153,946
Revenue Growth (YoY)	27.42%	23.64%	15.91%	8.35%	39.03%	66.43%
Cost of Revenue	312,909	293,901	241,725	206,168	188,542	135,207
Gross Profit	41,536	38,444	27,070	25,738	25,486	18,739
Selling, General & Admin	14,398	12,588	7,441	6,505	5,971	4,593
Research & Development	12,246	11,369	8,527	8,116	8,383	6,581
Other Operating Expenses	1,028	794.8	576.68	500.72	476.33	193.81
Operating Expenses	27,706	24,791	16,556	15,096	14,876	11,393
Operating Income	13,830	13,653	10,513	10,642	10,610	7,346
Interest Expense	-1,910	-1,765	-1,463	-1,377	-1,038	-656.41
Interest & Investment Income	8,820	7,762	5,515	2,777	1,503	1,051
Currency Exchange Gain (Loss)	-252.21	-252.21	1,010	-72.8	-337.51	-225.95
Other Non Operating Income (Expenses)	-1,252	-84.1	-11.03	-41.4	-12.42	-36.12
EBT Excluding Unusual Items	19,236	19,313	15,565	11,928	10,725	7,479
Impairment of Goodwill	-	-	-	-0.8	-	-
Gain (Loss) on Sale of Investments	-393.13	-618.59	-99.58	210.35	13.63	-115.74
Gain (Loss) on Sale of Assets	51.45	44.6	36.63	122.87	47.93	-45.27
Asset Writedown	-457.89	-472.49	-328.38	-208.19	-241.12	-22.06
Other Unusual Items	1,583	1,283	934.93	833.01	613.04	846.51
Pretax Income	20,019	19,550	16,109	12,885	11,158	8,143
Income Tax Expense	1,258	1,380	1,530	641.83	667.32	322.24
Earnings From Continuing Operations	18,761	18,170	14,579	12,243	10,491	7,821
Minority Interest in Earnings	-1,545	-1,570	-1,213	-1,291	-1,328	-750.09
Net Income	17,216	16,600	13,366	10,953	9,163	7,071
Net Income to Common	17,216	16,600	13,366	10,953	9,163	7,071
Net Income Growth	23.52%	24.20%	22.03%	19.53%	29.60%	-2.14%
Shares Outstanding (Basic)	7,267	7,249	7,186	7,112	7,103	7,001
Shares Outstanding (Diluted)	7,401	7,345	7,225	7,159	7,159	7,142
Shares Change (YoY)	2.32%	1.67%	0.92%	-0.00%	0.23%	-0.17%
EPS (Basic)	2.37	2.29	1.86	1.54	1.29	1.01
EPS (Diluted)	2.33	2.26	1.85	1.53	1.28	0.99
EPS Growth	20.71%	22.16%	20.91%	19.53%	29.29%	-1.98%
Free Cash Flow	-1,380	-579.01	15,006	16,218	-856.53	-5,654
Free Cash Flow Per Share	-0.19	-0.08	2.08	2.27	-0.12	-0.79
Dividend Per Share	0.140	0.140	0.200	0.299	0.130	0.110
Dividend Growth	-29.96%	-29.96%	-33.14%	129.96%	18.18%	-
Gross Margin	11.72%	11.57%	10.07%	11.10%	11.91%	12.17%
Operating Margin	3.90%	4.11%	3.91%	4.59%	4.96%	4.77%
Profit Margin	4.86%	5.00%	4.97%	4.72%	4.28%	4.59%
Free Cash Flow Margin	-0.39%	-0.17%	5.58%	6.99%	-0.40%	-3.67%
EBITDA	26,935	26,255	21,104	20,495	18,014	12,288
EBITDA Margin	7.60%	7.90%	7.85%	8.84%	8.42%	7.98%
D&A For EBITDA	13,105	12,602	10,590	9,853	7,405	4,942
EBIT	13,830	13,653	10,513	10,642	10,610	7,346
EBIT Margin	3.90%	4.11%	3.91%	4.59%	4.96%	4.77%
Effective Tax Rate	6.29%	7.06%	9.50%	4.98%	5.98%	3.96%
Revenue as Reported	354,445	332,344	268,795	231,905	214,028	153,946

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