SHE:002600 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	51,175	50,026	43,414	33,495	33,832	29,987
Other Revenue	1,403	1,403	845.54	628.76	652.64	397.3
Revenue	52,578	51,429	44,260	34,124	34,485	30,384
Revenue Growth (YoY)	14.45%	16.20%	29.70%	-1.05%	13.49%	7.97%
Cost of Revenue	44,436	43,637	37,890	27,748	27,696	25,816
Gross Profit	8,142	7,792	6,370	6,376	6,788	4,568
Selling, General & Admin	2,402	2,259	1,774	1,723	1,753	1,500
Research & Development	2,536	2,365	1,977	1,798	2,074	1,689
Other Operating Expenses	110.95	133.59	90.31	153.82	210.24	140.46
Operating Expenses	5,165	4,830	3,989	3,663	4,029	3,405
Operating Income	2,976	2,961	2,380	2,714	2,760	1,163
Interest Expense	-390.82	-380.26	-304.16	-348.49	-356.98	-253
Interest & Investment Income	250.02	257.35	70.99	153.94	218.7	53.65
Currency Exchange Gain (Loss)	-251.22	-251.22	204.11	94.25	188.85	-115.35
Other Non Operating Income (Expenses)	-236.67	61.03	81.82	204.25	0.51	-16.59
EBT Excluding Unusual Items	2,347	2,648	2,433	2,817	2,811	831.64
Impairment of Goodwill	-42.53	-42.53	-128.68	-65.62	-393.92	-82.16
Gain (Loss) on Sale of Investments	158.77	134.44	-179.16	-199.81	-144.2	130.42
Gain (Loss) on Sale of Assets	3.9	3.72	2.01	11.34	-41.46	-19.4
Asset Writedown	-118.99	-155.69	-48.89	-256.98	-384.01	-45.99
Other Unusual Items	148.01	145.18	118.12	215.07	151.36	271.2
Pretax Income	2,497	2,733	2,196	2,521	1,999	1,086
Income Tax Expense	336.95	406.55	435.64	474.14	408.48	-98
Earnings From Continuing Operations	2,160	2,327	1,761	2,047	1,590	1,184
Minority Interest in Earnings	-45.51	-39.1	-5.51	3.58	6	-3.61
Net Income	2,114	2,288	1,755	2,051	1,596	1,180
Net Income to Common	2,114	2,288	1,755	2,051	1,596	1,180
Net Income Growth	13.49%	30.34%	-14.42%	28.50%	35.25%	-47.93%
Shares Outstanding (Basic)	7,125	6,932	7,021	7,072	6,939	6,942
Shares Outstanding (Diluted)	7,341	7,149	7,021	7,072	7,255	6,942
Shares Change (YoY)	2.63%	1.83%	-0.72%	-2.52%	4.51%	-1.98%
EPS (Basic)	0.30	0.33	0.25	0.29	0.23	0.17
EPS (Diluted)	0.29	0.32	0.25	0.29	0.22	0.17
EPS Growth	10.58%	28.00%	-13.79%	31.82%	29.41%	-46.88%
Free Cash Flow	-789.58	-400.32	391.93	3,014	1,907	-4,412
Free Cash Flow Per Share	-0.11	-0.06	0.06	0.43	0.26	-0.64
Dividend Per Share	0.040	0.040	0.020	0.060	0.116	-
Dividend Growth	100.00%	100.00%	-66.67%	-48.05%	-	-
Gross Margin	15.48%	15.15%	14.39%	18.68%	19.68%	15.04%
Operating Margin	5.66%	5.76%	5.38%	7.95%	8.00%	3.83%
Profit Margin	4.02%	4.45%	3.97%	6.01%	4.63%	3.88%
Free Cash Flow Margin	-1.50%	-0.78%	0.89%	8.83%	5.53%	-14.52%
EBITDA	4,971	4,925	4,220	4,348	4,355	2,446
EBITDA Margin	9.46%	9.58%	9.53%	12.74%	12.63%	8.05%
D&A For EBITDA	1,995	1,964	1,840	1,635	1,596	1,283
EBIT	2,976	2,961	2,380	2,714	2,760	1,163
EBIT Margin	5.66%	5.76%	5.38%	7.95%	8.00%	3.83%
Effective Tax Rate	13.50%	14.87%	19.84%	18.80%	20.44%	-
Revenue as Reported	52,578	51,429	44,260	34,124	34,485	30,384

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