SHE:003013 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	2,546	2,565	2,746	2,571	2,474	2,378
Other Revenue	0.96	0.96	1.66	2.27	2	2.28
Revenue	2,547	2,566	2,748	2,573	2,476	2,381
Revenue Growth (YoY)	-8.73%	-6.64%	6.79%	3.92%	4.02%	27.28%
Cost of Revenue	1,557	1,576	1,693	1,615	1,657	1,570
Gross Profit	989.69	989.46	1,055	958	818.87	810.99
Selling, General & Admin	215.62	228.9	232.81	228.82	227.82	201.76
Research & Development	116.32	123.44	129.89	115.42	111.67	108.75
Other Operating Expenses	19.58	18.1	6.26	9.86	8.24	13.13
Operating Expenses	426.94	452.21	375.52	479.1	395.33	414.11
Operating Income	562.75	537.26	679.56	478.89	423.54	396.88
Interest Expense	-16.13	-15.82	-14.52	-7.61	-2.8	-2.94
Interest & Investment Income	13.72	16.46	25.34	31.66	27.1	17.39
Earnings From Equity Investments	-	-	-	-	5.6	7.18
Currency Exchange Gain (Loss)	-0.19	-0.19	-	-	-	-
Other Non Operating Income (Expenses)	-4.02	-3.19	-4.85	-2.63	-2.29	-4.75
EBT Excluding Unusual Items	556.13	534.53	685.53	500.31	451.15	413.76
Gain (Loss) on Sale of Investments	-2.33	-0.09	-0.17	-0.25	-	-
Gain (Loss) on Sale of Assets	13	13.01	-	0.02	-0.07	-0.67
Asset Writedown	1.32	-0.18	-120.52	-0.22	-0.17	-0.07
Other Unusual Items	4.64	4.64	5.97	1.16	8.11	4.44
Pretax Income	572.76	551.91	570.81	501.03	459.01	417.46
Income Tax Expense	79.93	73.54	69.79	61.61	52.93	55.78
Earnings From Continuing Operations	492.83	478.37	501.03	439.42	406.08	361.68
Minority Interest in Earnings	-12.19	-12.72	-9.1	-7.56	-6.25	-5.14
Net Income	480.64	465.65	491.93	431.86	399.84	356.54
Net Income to Common	480.64	465.65	491.93	431.86	399.84	356.54
Net Income Growth	8.46%	-5.34%	13.91%	8.01%	12.14%	24.45%
Shares Outstanding (Basic)	400	405	400	400	400	401
Shares Outstanding (Diluted)	400	405	400	400	400	401
Shares Change (YoY)	-3.75%	1.24%	0.02%	0.01%	-0.19%	9.06%
EPS (Basic)	1.20	1.15	1.23	1.08	1.00	0.89
EPS (Diluted)	1.20	1.15	1.23	1.08	1.00	0.89
EPS Growth	12.68%	-6.50%	13.89%	8.00%	12.36%	14.10%
Free Cash Flow	144.73	8.14	-259.9	-105.98	187.65	334.66
Free Cash Flow Per Share	0.36	0.02	-0.65	-0.27	0.47	0.83
Dividend Per Share	0.310	0.310	0.480	0.490	0.450	0.400
Dividend Growth	-35.42%	-35.42%	-2.04%	8.89%	12.50%	-39.39%
Gross Margin	38.86%	38.57%	38.40%	37.23%	33.07%	34.07%
Operating Margin	22.10%	20.94%	24.73%	18.61%	17.10%	16.67%
Profit Margin	18.87%	18.15%	17.90%	16.78%	16.15%	14.98%
Free Cash Flow Margin	5.68%	0.32%	-9.46%	-4.12%	7.58%	14.06%
EBITDA	620.83	592.58	723.84	521.64	455.16	424.2
EBITDA Margin	24.38%	23.10%	26.34%	20.27%	18.38%	17.82%
D&A For EBITDA	58.09	55.32	44.28	42.74	31.62	27.32
EBIT	562.75	537.26	679.56	478.89	423.54	396.88
EBIT Margin	22.10%	20.94%	24.73%	18.61%	17.10%	16.67%
Effective Tax Rate	13.96%	13.33%	12.23%	12.30%	11.53%	13.36%
Revenue as Reported	2,547	2,566	2,748	2,573	2,476	2,381

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