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	Jun '26 Jun 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	77,073	70,688	76,373	86,310	76,563	65,771
Other Revenue	5.17	5.26	5.26	4.36	3.6	3.98
Revenue	77,079	70,693	76,379	86,314	76,567	65,775
Revenue Growth	19.28%	-7.44%	-11.51%	12.73%	16.41%	12.39%
Cost of Revenue	76,059	69,747	75,196	85,045	75,326	64,503
Gross Profit	1,019	946.87	1,183	1,269	1,240	1,272
Selling, General & Admin	552.75	548.18	599.08	600.76	584.26	584.05
Research & Development	81.45	90.22	116.95	126.74	119.8	105.27
Other Operating Expenses	220.27	132.8	112.16	105.9	92.04	81.07
Operating Expenses	816.14	693.14	942.81	893.76	868.21	819.13
Operating Income	203.09	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	96.49	86.16	78.83	58.07	47.19	31.84
Currency Exchange Gain (Loss)	-4.37	-1.44	0.55	0.95	1.76	-0.41
Other Non Operating Income (Expenses)	2.56	-1.94	-6.62	-2.24	-2.32	-1.58
EBT Excluding Unusual Items	297.77	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	7.01	1.5	-0.53	-4.23	2.41	0.54
Gain (Loss) on Sale of Assets	3.02	5.76	-0.72	-0.19	-0.72	-0.02
Asset Writedown	-	-	-	-	-0.04	-0.45
Other Unusual Items	159.29	137.26	102.25	146.23	78.13	59.1
Pretax Income	465.73	473.36	366.42	519.96	434.88	452.85
Income Tax Expense	102.2	104.06	70.71	99.84	89.95	100.3
Earnings From Continuing Operations	363.54	369.3	295.71	420.13	344.93	352.54
Minority Interest in Earnings	-144.59	-156.55	-134.36	-179.78	-141.77	-174.56
Net Income	218.94	212.75	161.35	240.34	203.16	177.98
Net Income to Common	218.94	212.75	161.35	240.34	203.16	177.98
Net Income Growth	11.80%	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	-1.11%	-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	13.05%	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	Jun '26 Jun 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	-1,088	-457.26	1,855	83.89	1,122	661.56
Free Cash Flow Per Share	-2.85	-1.20	4.79	0.21	2.90	1.70
Dividend Per Share	0.092	0.083	-	0.067	0.056	0.050
Dividend Growth	119.66%	-	-	19.96%	12.10%	-23.10%
Gross Margin	1.32%	1.34%	1.55%	1.47%	1.62%	1.93%
Operating Margin	0.26%	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	-1.41%	-0.65%	2.43%	0.10%	1.47%	1.01%
EBITDA	226.65	276.09	258.22	392.45	390.57	470.56
EBITDA Margin	0.29%	0.39%	0.34%	0.46%	0.51%	0.71%
D&A For EBITDA	23.56	22.36	18.08	17.38	18.37	17.74
EBIT	203.09	253.73	240.14	375.07	372.2	452.83
EBIT Margin	0.26%	0.36%	0.31%	0.43%	0.49%	0.69%
Effective Tax Rate	21.94%	21.98%	19.30%	19.20%	20.68%	22.15%
Revenue as Reported	64,308	70,693	76,379	86,314	76,567	65,775