SHE:002507 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	2,432	2,383	2,446	2,546	2,516
Other Revenue	-	4.26	3.89	2.43	2.26
Revenue	2,432	2,387	2,450	2,548	2,519
Revenue Growth (YoY)	1.88%	-2.56%	-3.86%	1.18%	10.82%
Cost of Revenue	-	1,171	1,208	1,194	1,200
Gross Profit	2,432	1,217	1,241	1,354	1,318
Selling, General & Admin	-	417.52	414.43	451.74	549
Research & Development	-	10.62	6	4.22	5.43
Other Operating Expenses	1,516	25.57	37.31	39.77	39.5
Operating Expenses	1,516	453.68	451.27	499.27	596.42
Operating Income	916.11	762.94	790.2	855	722.04
Interest Expense	-	-0.03	-0.05	-0.11	-0.07
Interest & Investment Income	-	145.34	168.97	175.28	139.07
Currency Exchange Gain (Loss)	-	0.36	-0.12	0.54	-0.1
Other Non Operating Income (Expenses)	-5.13	-0.39	-0.64	-0.22	-0.35
EBT Excluding Unusual Items	910.98	908.21	958.37	1,030	860.58
Gain (Loss) on Sale of Investments	-	18.98	10.51	13.05	-
Gain (Loss) on Sale of Assets	-	2.45	0.71	-	0.04
Asset Writedown	-	-2.26	-0.55	-0.29	-0.1
Other Unusual Items	-	15.33	5.72	12.45	13.1
Pretax Income	910.98	942.71	974.75	1,056	873.62
Income Tax Expense	143.02	143.36	148.18	156.89	131.66
Net Income	767.96	799.35	826.58	898.8	741.96
Net Income to Common	767.96	799.35	826.58	898.8	741.96
Net Income Growth	-3.93%	-3.29%	-8.04%	21.14%	-4.52%
Shares Outstanding (Basic)	1,146	1,158	1,148	1,152	1,109
Shares Outstanding (Diluted)	1,146	1,158	1,148	1,152	1,109
Shares Change (YoY)	-1.06%	0.91%	-0.37%	3.93%	7.55%
EPS (Basic)	0.67	0.69	0.72	0.78	0.67
EPS (Diluted)	0.67	0.69	0.72	0.78	0.67
EPS Growth	-2.90%	-4.17%	-7.69%	16.56%	-11.22%
Free Cash Flow	-	555.61	320.8	947.68	604.58
Free Cash Flow Per Share	-	0.48	0.28	0.82	0.55
Dividend Per Share	-	0.420	0.300	0.292	0.500
Dividend Growth	-	40.00%	2.63%	-41.54%	-
Gross Margin	100.00%	50.97%	50.68%	53.14%	52.35%
Operating Margin	37.67%	31.96%	32.26%	33.55%	28.67%
Profit Margin	31.58%	33.49%	33.74%	35.27%	29.46%
Free Cash Flow Margin	-	23.28%	13.10%	37.19%	24.00%
EBITDA	1,027	873.87	904.16	970.96	822.67
EBITDA Margin	42.23%	36.61%	36.91%	38.10%	32.66%
D&A For EBITDA	110.93	110.93	113.96	115.96	100.64
EBIT	916.11	762.94	790.2	855	722.04
EBIT Margin	37.67%	31.96%	32.26%	33.55%	28.67%
Effective Tax Rate	15.70%	15.21%	15.20%	14.86%	15.07%
Revenue as Reported	-	2,387	2,450	2,548	2,519

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