SHE:002545 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	5,343	4,879	4,169	3,973	3,601	2,782
Other Revenue	-	-	27.16	31.68	14.71	-
Revenue	5,343	4,879	4,196	4,004	3,616	2,782
Revenue Growth (YoY)	25.59%	16.27%	4.79%	10.74%	29.99%	4.92%
Cost of Revenue	3,154	2,911	3,057	2,928	2,316	2,069
Gross Profit	2,189	1,968	1,139	1,077	1,300	712.97
Selling, General & Admin	181.51	177.21	178.88	150.74	135.87	133.15
Research & Development	65.86	56.44	72.53	65.38	70.67	66.1
Other Operating Expenses	285.54	284.48	279.03	74.32	48.39	44.55
Operating Expenses	532.91	518.13	539.94	299.54	266.33	236.82
Operating Income	1,656	1,450	599.48	777.06	1,034	476.15
Interest Expense	-	-	-75.92	-61.85	-72.07	-64.13
Interest & Investment Income	43.27	42.92	95.37	89.64	91.93	71.29
Currency Exchange Gain (Loss)	-	-	87.57	21.91	33.89	-8.1
Other Non Operating Income (Expenses)	-30.64	-44.16	-17.98	-12.87	-10.87	-5.99
EBT Excluding Unusual Items	1,669	1,448	688.52	813.88	1,077	469.22
Gain (Loss) on Sale of Investments	0.26	0.26	0.06	-2.34	-1.12	31.9
Gain (Loss) on Sale of Assets	0.23	0.16	-	0.06	0.16	-1.44
Asset Writedown	-1.76	2.02	-4.97	-11.17	-3.7	-2.58
Other Unusual Items	-	-	1.54	8.56	3.68	2.52
Pretax Income	1,667	1,451	685.14	808.99	1,076	499.62
Income Tax Expense	266.67	246.27	121.77	175.22	254.31	97.98
Earnings From Continuing Operations	1,401	1,205	563.37	633.77	821.74	401.64
Minority Interest in Earnings	1.66	1.7	0.89	0	2.76	2.3
Net Income	1,402	1,206	564.26	633.77	824.5	403.94
Net Income to Common	1,402	1,206	564.26	633.77	824.5	403.94
Net Income Growth	132.80%	113.77%	-10.97%	-23.13%	104.12%	30.77%
Shares Outstanding (Basic)	1,244	1,244	1,244	1,244	1,244	1,244
Shares Outstanding (Diluted)	1,244	1,244	1,244	1,244	1,244	1,244
Shares Change (YoY)	0.01%	0.01%	-0.02%	-	0.01%	-0.00%
EPS (Basic)	1.13	0.97	0.45	0.51	0.66	0.32
EPS (Diluted)	1.13	0.97	0.45	0.51	0.66	0.32
EPS Growth	132.77%	113.76%	-10.95%	-23.13%	104.10%	30.77%
Free Cash Flow	2,118	2,123	734.06	902.01	94.8	231.61
Free Cash Flow Per Share	1.70	1.71	0.59	0.72	0.08	0.19
Dividend Per Share	-	-	0.300	0.300	0.410	0.250
Dividend Growth	-	-	-	-26.83%	64.00%	150.00%
Gross Margin	40.97%	40.33%	27.15%	26.88%	35.96%	25.63%
Operating Margin	30.99%	29.71%	14.29%	19.41%	28.60%	17.12%
Profit Margin	26.25%	24.72%	13.45%	15.83%	22.80%	14.52%
Free Cash Flow Margin	39.63%	43.50%	17.49%	22.53%	2.62%	8.33%
EBITDA	2,075	1,873	1,039	1,144	1,296	711.59
EBITDA Margin	38.83%	38.38%	24.77%	28.57%	35.84%	25.58%
D&A For EBITDA	418.76	422.98	439.84	366.82	261.96	235.43
EBIT	1,656	1,450	599.48	777.06	1,034	476.15
EBIT Margin	30.99%	29.71%	14.29%	19.41%	28.60%	17.12%
Effective Tax Rate	16.00%	16.97%	17.77%	21.66%	23.63%	19.61%
Revenue as Reported	-	-	4,196	4,004	3,616	2,782

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