SHE:300002 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	5,867	5,790	6,424	5,924	4,760	4,272
Other Revenue	30.89	30.89	28.32	37.95	46.06	42.71
Revenue	5,898	5,821	6,452	5,962	4,806	4,314
Revenue Growth (YoY)	-6.19%	-9.79%	8.22%	24.06%	11.40%	19.98%
Cost of Revenue	2,682	2,492	2,522	2,232	1,904	1,632
Gross Profit	3,216	3,328	3,931	3,730	2,902	2,682
Selling, General & Admin	1,836	1,935	2,243	2,377	2,028	1,864
Research & Development	326.81	338.48	332.51	329.67	303.44	262.81
Other Operating Expenses	6.99	-2.94	8.28	3.55	1.97	5.24
Operating Expenses	2,178	2,270	2,596	2,712	2,336	2,172
Operating Income	1,038	1,058	1,335	1,019	565.76	509.99
Interest Expense	-0.76	-0.65	-0.74	-0.69	-6.95	-18.83
Interest & Investment Income	73.7	78.13	118.41	63.15	30.96	6.05
Currency Exchange Gain (Loss)	-40.34	-40.34	44.41	37.05	81.69	-13.91
Other Non Operating Income (Expenses)	-57.14	-3.89	241.08	-5.67	8.75	-10.09
EBT Excluding Unusual Items	1,014	1,091	1,738	1,112	680.21	473.22
Impairment of Goodwill	-64.7	-64.7	-93.81	-12.46	-69.27	-4.13
Gain (Loss) on Sale of Investments	-72.77	-67.55	-31	-23.74	-11.45	-57.9
Gain (Loss) on Sale of Assets	0.18	0.16	0.17	-0.21	6.7	-0.01
Asset Writedown	-24.33	-24.19	-14.46	-70.2	-8.92	-0.5
Legal Settlements	-0.03	-0.03	-29.51	-8.52	-5.11	-2.3
Other Unusual Items	78.94	76.9	64.09	54.11	37.12	59.59
Pretax Income	931.16	1,012	1,633	1,051	629.28	467.97
Income Tax Expense	213.65	225.6	213.87	171.12	97.36	102.54
Earnings From Continuing Operations	717.51	786.17	1,419	880.31	531.92	365.43
Minority Interest in Earnings	16.42	15.34	8.17	6.87	9.56	19.09
Net Income	733.93	801.51	1,428	887.18	541.48	384.52
Net Income to Common	733.93	801.51	1,428	887.18	541.48	384.52
Net Income Growth	-46.48%	-43.86%	60.92%	63.84%	40.82%	9.50%
Shares Outstanding (Basic)	1,963	1,961	1,953	1,950	1,953	1,944
Shares Outstanding (Diluted)	1,965	1,964	1,959	1,951	1,953	1,944
Shares Change (YoY)	0.25%	0.28%	0.40%	-0.11%	0.48%	0.15%
EPS (Basic)	0.37	0.41	0.73	0.46	0.28	0.20
EPS (Diluted)	0.37	0.41	0.73	0.45	0.28	0.20
EPS Growth	-46.61%	-44.02%	60.28%	64.03%	40.14%	9.34%
Free Cash Flow	1,116	1,062	1,484	909.3	943.17	223.96
Free Cash Flow Per Share	0.57	0.54	0.76	0.47	0.48	0.12
Dividend Per Share	0.060	0.060	0.100	0.060	0.030	0.025
Dividend Growth	-40.00%	-40.00%	66.67%	100.00%	20.00%	-
Gross Margin	54.52%	57.18%	60.92%	62.57%	60.37%	62.17%
Operating Margin	17.61%	18.18%	20.69%	17.08%	11.77%	11.82%
Profit Margin	12.44%	13.77%	22.13%	14.88%	11.27%	8.91%
Free Cash Flow Margin	18.92%	18.24%	23.00%	15.25%	19.63%	5.19%
EBITDA	1,066	1,102	1,448	1,162	718.3	637.6
EBITDA Margin	18.07%	18.94%	22.44%	19.49%	14.95%	14.78%
D&A For EBITDA	27.34	44.46	112.96	143.68	152.54	127.61
EBIT	1,038	1,058	1,335	1,019	565.76	509.99
EBIT Margin	17.61%	18.18%	20.69%	17.08%	11.77%	11.82%
Effective Tax Rate	22.95%	22.30%	13.09%	16.28%	15.47%	21.91%
Revenue as Reported	5,898	5,821	6,452	5,962	4,806	4,314

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