SHE:003039 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	2,108	1,801	1,421	1,287	1,311	1,217
Other Revenue	38.05	38.05	35.03	32.34	27.45	16.72
Revenue	2,147	1,839	1,456	1,320	1,338	1,234
Revenue Growth (YoY)	25.05%	26.33%	10.30%	-1.38%	8.42%	4.05%
Selling, General & Admin	242.63	209.89	170.65	153.04	157.45	131.84
Provision for Bad Debts	78.98	56.43	9.38	-4.14	8.58	2.46
Other Operating Expenses	1,236	1,008	823.79	725.91	696.41	649.47
Total Operating Expenses	1,616	1,323	1,027	899.83	873.84	783.77
Operating Income	530.06	515.62	428.16	419.8	464.28	450.43
Interest Expense	-69.24	-55.26	-25.83	-28.86	-35.89	-40.18
Interest Income	17.16	10.69	22.99	21	15.51	14.07
Net Interest Expense	-52.07	-44.57	-2.84	-7.86	-20.38	-26.12
Currency Exchange Gain (Loss)	0.01	0.01	-	-	-	-
Other Non-Operating Income (Expenses)	0.56	1.68	-7.21	0.79	-3.76	-7.06
EBT Excluding Unusual Items	478.56	472.73	418.11	412.74	440.14	417.25
Gain (Loss) on Sale of Assets	0.48	-0.44	0.32	0.58	-0.01	-0.4
Asset Writedown	-1.61	-	-	-3.06	-4.46	-2.07
Other Unusual Items	8.59	8.59	1.53	2.21	3.38	3.2
Pretax Income	486.01	480.88	419.96	412.46	439.05	417.98
Income Tax Expense	68.19	87.21	77.32	82.04	71.96	58.4
Earnings From Continuing Ops.	417.83	393.68	342.64	330.42	367.09	359.58
Net Income to Company	417.83	393.68	342.64	330.42	367.09	359.58
Minority Interest in Earnings	-145.35	-125.31	-99.09	-91.86	-93.74	-91.63
Net Income	272.47	268.37	243.55	238.56	273.35	267.94
Net Income to Common	272.47	268.37	243.55	238.56	273.35	267.94
Net Income Growth	3.20%	10.19%	2.09%	-12.73%	2.02%	13.68%
Shares Outstanding (Basic)	617	618	618	618	607	558
Shares Outstanding (Diluted)	617	618	618	618	607	558
Shares Change (YoY)	-0.03%	-0.00%	-0.11%	1.77%	8.82%	-0.53%
EPS (Basic)	0.44	0.43	0.39	0.39	0.45	0.48
EPS (Diluted)	0.44	0.43	0.39	0.39	0.45	0.48
EPS Growth	3.23%	10.19%	2.20%	-14.24%	-6.25%	14.29%
Free Cash Flow	-75.55	-37.73	262.76	240.37	133.85	289.06
Free Cash Flow Per Share	-0.12	-0.06	0.43	0.39	0.22	0.52
Dividend Per Share	0.210	0.210	0.173	0.111	0.127	0.124
Dividend Growth	21.39%	21.39%	55.86%	-12.60%	2.42%	-
Profit Margin	12.69%	14.59%	16.73%	18.08%	20.43%	21.71%
Free Cash Flow Margin	-3.52%	-2.05%	18.05%	18.21%	10.00%	23.42%
EBITDA	935.31	847.34	661.84	633.85	668.62	651.13
EBITDA Margin	43.57%	46.08%	45.47%	48.03%	49.97%	52.76%
D&A For EBITDA	405.25	331.72	233.68	214.05	204.34	200.71
EBIT	530.06	515.62	428.16	419.8	464.28	450.43
EBIT Margin	24.69%	28.04%	29.42%	31.81%	34.70%	36.50%
Effective Tax Rate	14.03%	18.13%	18.41%	19.89%	16.39%	13.97%
Revenue as Reported	2,147	1,839	1,456	1,320	1,338	1,234

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