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	2,428	2,383	2,446	2,546	2,516
Other Revenue	4.15	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	1,177	1,171	1,208	1,194	1,200
Gross Profit	1,255	1,217	1,241	1,354	1,318
Selling, General & Admin	466.19	417.52	414.43	451.74	549
Research & Development	15.36	10.62	6	4.22	5.43
Other Operating Expenses	31.33	25.57	37.31	39.77	39.5
Operating Expenses	513.31	453.86	451.27	499.27	596.42
Operating Income	741.35	762.76	790.2	855	722.04
Interest Expense	-0.06	-0.03	-0.05	-0.11	-0.07
Interest & Investment Income	162.89	145.34	168.97	175.28	139.07
Currency Exchange Gain (Loss)	-0.96	0.36	-0.12	0.54	-0.1
Other Non Operating Income (Expenses)	-0.31	-0.21	-0.64	-0.22	-0.35
EBT Excluding Unusual Items	902.91	908.21	958.37	1,030	860.58
Gain (Loss) on Sale of Investments	5.69	18.98	10.51	13.05	-
Gain (Loss) on Sale of Assets	0.28	2.45	0.71	-	0.04
Asset Writedown	-6.54	-2.26	-0.55	-0.29	-0.1
Other Unusual Items	8.65	15.33	5.72	12.45	13.1
Pretax Income	910.98	942.71	974.75	1,056	873.62
Income Tax Expense	142.95	143.36	148.18	156.89	131.66
Net Income	768.03	799.35	826.58	898.8	741.96
Net Income to Common	768.03	799.35	826.58	898.8	741.96
Net Income Growth	-3.92%	-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)	-1.05%	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	244.88	555.61	320.8	947.68	604.58
Free Cash Flow Per Share	0.21	0.48	0.28	0.82	0.55
Dividend Per Share	0.220	0.420	0.300	0.292	0.500
Dividend Growth	-47.62%	40.00%	2.63%	-41.54%	-
Gross Margin	51.59%	50.97%	50.68%	53.14%	52.35%
Operating Margin	30.48%	31.95%	32.26%	33.55%	28.67%
Profit Margin	31.58%	33.49%	33.74%	35.27%	29.46%
Free Cash Flow Margin	10.07%	23.28%	13.10%	37.19%	24.00%
EBITDA	850.42	873.69	904.16	970.96	822.67
EBITDA Margin	34.97%	36.60%	36.91%	38.10%	32.66%
D&A For EBITDA	109.06	110.93	113.96	115.96	100.64
EBIT	741.35	762.76	790.2	855	722.04
EBIT Margin	30.48%	31.95%	32.26%	33.55%	28.67%
Effective Tax Rate	15.69%	15.21%	15.20%	14.86%	15.07%
Revenue as Reported	2,432	2,387	2,450	2,548	2,519

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