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	Jun '26 Jun 30, 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	5,752	4,849	3,601	3,973	3,601	2,782
Other Revenue	30.1	30.1	594.76	31.68	14.71	-
Revenue	5,782	4,879	4,196	4,004	3,616	2,782
Revenue Growth	32.47%	16.27%	4.79%	10.74%	29.99%	4.92%
Cost of Revenue	3,204	2,916	3,057	2,928	2,316	2,069
Gross Profit	2,578	1,963	1,139	1,077	1,300	712.97
Selling, General & Admin	169.5	174.94	178.88	150.74	135.87	133.15
Research & Development	61.93	56.44	72.53	65.38	70.67	66.1
Other Operating Expenses	372.27	318.68	279.03	74.32	48.39	44.55
Operating Expenses	596.11	542.48	539.94	299.54	266.33	236.82
Operating Income	1,982	1,420	599.48	777.06	1,034	476.15
Interest Expense	-50.36	-50.36	-75.92	-61.85	-72.07	-64.13
Interest & Investment Income	96.11	92.32	95.37	89.64	91.93	71.29
Currency Exchange Gain (Loss)	-5.41	-5.41	87.57	21.91	33.89	-8.1
Other Non Operating Income (Expenses)	-6.26	-45.8	-20.85	-13.87	-10.87	-5.99
EBT Excluding Unusual Items	2,016	1,411	685.65	812.89	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	0.67	0.16	-	0.06	0.16	-1.44
Asset Writedown	-3.27	-0.82	-4.97	-11.17	-3.7	-2.58
Other Unusual Items	40.25	40.25	4.41	9.56	3.68	2.52
Pretax Income	2,054	1,451	685.14	808.99	1,076	499.62
Income Tax Expense	367.04	246.27	121.77	175.22	254.31	97.98
Earnings From Continuing Operations	1,687	1,205	563.37	633.77	821.74	401.64
Minority Interest in Earnings	2.1	1.7	0.89	0	2.76	2.3
Net Income	1,689	1,206	564.26	633.77	824.5	403.94
Net Income to Common	1,689	1,206	564.26	633.77	824.5	403.94
Net Income Growth	115.90%	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	0.02%	0.01%	-0.02%	-	0.01%	-0.00%
EPS (Basic)	1.36	0.97	0.45	0.51	0.66	0.32
EPS (Diluted)	1.36	0.97	0.45	0.51	0.66	0.32
EPS Growth	115.86%	113.76%	-10.95%	-23.13%	104.10%	30.77%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	2,352	2,123	734.06	902.01	94.8	231.61
Free Cash Flow Per Share	1.89	1.71	0.59	0.72	0.08	0.19
Dividend Per Share	0.300	0.300	0.300	0.300	0.410	0.250
Dividend Growth	0%	0%	0%	-26.83%	64.00%	150.00%
Gross Margin	44.59%	40.23%	27.15%	26.88%	35.96%	25.63%
Operating Margin	34.28%	29.11%	14.29%	19.41%	28.60%	17.12%
Profit Margin	29.21%	24.72%	13.45%	15.83%	22.80%	14.52%
Free Cash Flow Margin	40.67%	43.50%	17.49%	22.53%	2.62%	8.33%
EBITDA	2,383	1,843	1,039	1,144	1,296	711.59
EBITDA Margin	41.22%	37.78%	24.77%	28.57%	35.84%	25.58%
D&A For EBITDA	401.16	422.98	439.84	366.82	261.96	235.43
EBIT	1,982	1,420	599.48	777.06	1,034	476.15
EBIT Margin	34.28%	29.11%	14.29%	19.41%	28.60%	17.12%
Effective Tax Rate	17.87%	16.97%	17.77%	21.66%	23.63%	19.61%
Revenue as Reported	4,879	4,879	4,196	4,004	3,616	2,782