SHE:003013 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	2,566	2,746	2,571	2,474	2,378
Other Revenue	-	1.66	2.27	2	2.28
Revenue	2,566	2,748	2,573	2,476	2,381
Revenue Growth (YoY)	-6.64%	6.79%	3.92%	4.02%	27.28%
Cost of Revenue	1,576	1,693	1,615	1,657	1,570
Gross Profit	989.46	1,055	958	818.87	810.99
Selling, General & Admin	228.9	232.81	228.82	227.82	201.76
Research & Development	123.44	129.89	115.42	111.67	108.75
Other Operating Expenses	13.16	6.52	13.8	8.24	13.13
Operating Expenses	365.51	496.11	483.04	395.33	414.11
Operating Income	623.95	558.97	474.96	423.54	396.88
Interest Expense	-	-14.52	-7.61	-2.8	-2.94
Interest & Investment Income	10.97	25.34	31.66	27.1	17.39
Earnings From Equity Investments	-	-	-	5.6	7.18
Other Non Operating Income (Expenses)	-80.03	-4.85	-2.63	-2.29	-4.75
EBT Excluding Unusual Items	554.9	564.94	496.37	451.15	413.76
Gain (Loss) on Sale of Investments	-0.09	-0.17	-0.25	-	-
Gain (Loss) on Sale of Assets	13.01	-	0.02	-0.07	-0.67
Asset Writedown	-15.91	-0.2	-0.22	-0.17	-0.07
Other Unusual Items	-	6.24	5.1	8.11	4.44
Pretax Income	551.91	570.81	501.03	459.01	417.46
Income Tax Expense	73.54	69.79	61.61	52.93	55.78
Earnings From Continuing Operations	478.37	501.03	439.42	406.08	361.68
Minority Interest in Earnings	-12.72	-9.1	-7.56	-6.25	-5.14
Net Income	465.65	491.93	431.86	399.84	356.54
Net Income to Common	465.65	491.93	431.86	399.84	356.54
Net Income Growth	-5.34%	13.91%	8.01%	12.14%	24.45%
Shares Outstanding (Basic)	405	400	400	400	401
Shares Outstanding (Diluted)	405	400	400	400	401
Shares Change (YoY)	1.24%	0.02%	0.01%	-0.19%	9.06%
EPS (Basic)	1.15	1.23	1.08	1.00	0.89
EPS (Diluted)	1.15	1.23	1.08	1.00	0.89
EPS Growth	-6.50%	13.89%	8.00%	12.36%	14.10%
Free Cash Flow	8.14	-259.9	-105.98	187.65	334.66
Free Cash Flow Per Share	0.02	-0.65	-0.27	0.47	0.83
Dividend Per Share	-	0.480	0.490	0.450	0.400
Dividend Growth	-	-2.04%	8.89%	12.50%	-39.39%
Gross Margin	38.57%	38.40%	37.23%	33.07%	34.07%
Operating Margin	24.32%	20.34%	18.46%	17.10%	16.67%
Profit Margin	18.15%	17.90%	16.78%	16.15%	14.98%
Free Cash Flow Margin	0.32%	-9.46%	-4.12%	7.58%	14.06%
EBITDA	686.58	595.81	517.7	455.16	424.2
EBITDA Margin	26.76%	21.68%	20.12%	18.38%	17.82%
D&A For EBITDA	62.63	36.83	42.74	31.62	27.32
EBIT	623.95	558.97	474.96	423.54	396.88
EBIT Margin	24.32%	20.34%	18.46%	17.10%	16.67%
Effective Tax Rate	13.33%	12.23%	12.30%	11.53%	13.36%
Revenue as Reported	-	2,748	2,573	2,476	2,381

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