SHE:300226 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	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	78,524	70,688	76,373	86,310	76,563	65,771
Other Revenue	5.26	5.26	5.26	4.36	3.6	3.98
Revenue	78,529	70,693	76,379	86,314	76,567	65,775
Revenue Growth	18.54%	-7.44%	-11.51%	12.73%	16.41%	12.39%
Cost of Revenue	77,522	69,747	75,196	85,045	75,326	64,503
Gross Profit	1,008	946.87	1,183	1,269	1,240	1,272
Selling, General & Admin	550.81	548.18	599.08	600.76	584.26	584.05
Research & Development	77.56	90.22	116.95	126.74	119.8	105.27
Other Operating Expenses	213.26	132.8	112.16	105.9	92.04	81.07
Operating Expenses	796.04	693.14	942.81	893.76	868.21	819.13
Operating Income	211.46	253.73	240.14	375.07	372.2	452.83
Interest Expense	-	-6.32	-45.42	-52.28	-63.26	-83.21
Interest & Investment Income	115.2	86.16	78.83	58.07	47.19	31.84
Currency Exchange Gain (Loss)	-1.44	-1.44	0.55	0.95	1.76	-0.41
Other Non Operating Income (Expenses)	2.6	-1.94	-6.62	-2.24	-2.32	-1.58
EBT Excluding Unusual Items	327.83	330.2	267.48	379.57	355.58	399.47
Impairment of Goodwill	-1.36	-1.36	-2.06	-1.4	-0.48	-5.79
Gain (Loss) on Sale of Investments	4.44	1.5	-0.53	-4.23	2.41	0.54
Gain (Loss) on Sale of Assets	-0.05	5.76	-0.72	-0.19	-0.72	-0.02
Asset Writedown	-	-	-	-	-0.04	-0.45
Other Unusual Items	140.99	137.26	102.25	146.23	78.13	59.1
Pretax Income	471.85	473.36	366.42	519.96	434.88	452.85
Income Tax Expense	107.21	104.06	70.71	99.84	89.95	100.3
Earnings From Continuing Operations	364.64	369.3	295.71	420.13	344.93	352.54
Minority Interest in Earnings	-146.94	-156.55	-134.36	-179.78	-141.77	-174.56
Net Income	217.71	212.75	161.35	240.34	203.16	177.98
Net Income to Common	217.71	212.75	161.35	240.34	203.16	177.98
Net Income Growth	7.91%	31.86%	-32.87%	18.30%	14.15%	-17.86%
Shares Outstanding (Basic)	381	381	387	385	387	383
Shares Outstanding (Diluted)	381	381	387	390	387	388
Shares Change	-0.88%	-1.59%	-0.65%	0.71%	-0.35%	0.89%
EPS (Basic)	0.57	0.56	0.42	0.63	0.53	0.47
EPS (Diluted)	0.57	0.56	0.42	0.62	0.53	0.46
EPS Growth	8.86%	33.98%	-32.43%	17.47%	14.55%	-18.58%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Free Cash Flow	232.32	-457.26	1,855	83.89	1,122	661.56
Free Cash Flow Per Share	0.61	-1.20	4.79	0.21	2.90	1.70
Dividend Per Share	0.133	0.083	-	0.067	0.056	0.050
Dividend Growth	-	-	-	19.96%	12.10%	-23.10%
Gross Margin	1.28%	1.34%	1.55%	1.47%	1.62%	1.93%
Operating Margin	0.27%	0.36%	0.31%	0.43%	0.49%	0.69%
Profit Margin	0.28%	0.30%	0.21%	0.28%	0.27%	0.27%
Free Cash Flow Margin	0.30%	-0.65%	2.43%	0.10%	1.47%	1.01%
EBITDA	237.03	276.09	258.22	392.45	390.57	470.56
EBITDA Margin	0.30%	0.39%	0.34%	0.46%	0.51%	0.71%
D&A For EBITDA	25.57	22.36	18.08	17.38	18.37	17.74
EBIT	211.46	253.73	240.14	375.07	372.2	452.83
EBIT Margin	0.27%	0.36%	0.31%	0.43%	0.49%	0.69%
Effective Tax Rate	22.72%	21.98%	19.30%	19.20%	20.68%	22.15%
Revenue as Reported	78,529	70,693	76,379	86,314	76,567	65,775