SHE:300012 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	6,608	6,067	5,592	5,121	4,319
Other Revenue	12.64	16.81	12.54	10.15	9.78
Revenue	6,621	6,084	5,605	5,131	4,329
Revenue Growth (YoY)	8.82%	8.55%	9.24%	18.52%	21.34%
Cost of Revenue	3,402	3,074	2,911	2,596	2,128
Gross Profit	3,219	3,010	2,694	2,534	2,201
Selling, General & Admin	1,510	1,411	1,304	1,161	1,045
Research & Development	578.86	529.29	472.62	434.96	375.97
Other Operating Expenses	38.53	38.16	33.4	25.37	22.52
Operating Expenses	2,191	2,083	1,868	1,675	1,481
Operating Income	1,028	926.61	825.85	858.82	719.16
Interest Expense	-15.56	-15.96	-17.5	-14.83	-13.62
Interest & Investment Income	84.35	57.95	92.59	65.11	47.12
Currency Exchange Gain (Loss)	-9.2	2.97	0.25	7.21	-4.86
Other Non Operating Income (Expenses)	-2.85	-2.71	-3.44	-2.54	-2.76
EBT Excluding Unusual Items	1,085	968.85	897.75	913.78	745.04
Impairment of Goodwill	-22.1	-14.25	-	-	-
Gain (Loss) on Sale of Investments	2.4	1.57	14.99	10.65	19.61
Gain (Loss) on Sale of Assets	2.87	12.08	2.02	1.46	0.41
Asset Writedown	-3.35	-3.07	-4.37	-1.89	-1.5
Other Unusual Items	50.64	54.18	100.92	100.05	85.99
Pretax Income	1,115	1,019	1,011	1,024	849.54
Income Tax Expense	95.11	86.47	84.11	99.45	86.32
Earnings From Continuing Operations	1,020	932.89	927.2	924.6	763.23
Minority Interest in Earnings	-3.45	-11.81	-16.99	-21.86	-17.04
Net Income	1,016	921.07	910.2	902.73	746.19
Net Income to Common	1,016	921.07	910.2	902.73	746.19
Net Income Growth	10.35%	1.19%	0.83%	20.98%	29.18%
Shares Outstanding (Basic)	1,673	1,675	1,663	1,671	1,671
Shares Outstanding (Diluted)	1,673	1,675	1,663	1,671	1,678
Shares Change (YoY)	-0.09%	0.72%	-0.48%	-0.45%	0.22%
EPS (Basic)	0.61	0.55	0.55	0.54	0.45
EPS (Diluted)	0.61	0.55	0.55	0.54	0.44
EPS Growth	10.46%	0.47%	1.31%	21.52%	28.91%
Free Cash Flow	713.09	371.87	468.92	458.07	511.74
Free Cash Flow Per Share	0.43	0.22	0.28	0.27	0.30
Dividend Per Share	0.200	0.100	0.100	0.060	0.060
Dividend Growth	100.00%	-	66.67%	-	71.43%
Gross Margin	48.62%	49.47%	48.06%	49.39%	50.83%
Operating Margin	15.52%	15.23%	14.74%	16.74%	16.61%
Profit Margin	15.35%	15.14%	16.24%	17.59%	17.24%
Free Cash Flow Margin	10.77%	6.11%	8.37%	8.93%	11.82%
EBITDA	1,400	1,276	1,157	1,163	1,009
EBITDA Margin	21.15%	20.97%	20.64%	22.66%	23.31%
D&A For EBITDA	372.37	348.97	330.81	303.85	289.87
EBIT	1,028	926.61	825.85	858.82	719.16
EBIT Margin	15.52%	15.23%	14.74%	16.74%	16.61%
Effective Tax Rate	8.53%	8.48%	8.32%	9.71%	10.16%
Revenue as Reported	6,621	6,084	5,605	5,131	4,329

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.