SHE:300388 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	3,763	3,659	3,826	4,116	4,081	4,456
Other Revenue	13.77	13.77	10.96	12.32	17.9	20.46
Revenue	3,777	3,672	3,837	4,128	4,099	4,477
Revenue Growth (YoY)	0.71%	-4.30%	-7.04%	0.71%	-8.44%	15.71%
Cost of Revenue	2,666	2,586	2,724	3,014	3,087	3,369
Gross Profit	1,112	1,086	1,113	1,114	1,012	1,108
Selling, General & Admin	218.73	238	237.2	254.91	239.95	276
Research & Development	21.11	24.17	25.11	32.14	22.96	33.74
Other Operating Expenses	29.26	29.21	31.13	28.42	28.56	15.81
Operating Expenses	432.42	454.7	394.64	402.73	303.2	351.89
Operating Income	679.26	631.48	718.61	710.98	709.11	756.03
Interest Expense	-230.13	-230.13	-250.73	-283.54	-302.26	-333.8
Interest & Investment Income	28.06	28.06	24.32	25.74	57.68	58.18
Currency Exchange Gain (Loss)	-0.06	-0.06	-1.73	1.27	2.69	-0.61
Other Non Operating Income (Expenses)	13.42	31.37	2.72	-10.33	0.51	0.47
EBT Excluding Unusual Items	490.82	460.72	493.19	444.12	467.73	480.27
Impairment of Goodwill	-	-	-	-	-13.9	-17.4
Gain (Loss) on Sale of Investments	-	-	-27.22	-	-	-
Gain (Loss) on Sale of Assets	-0.47	-0.79	8.86	2.75	96.88	10.22
Asset Writedown	-1.17	-0.9	-23.57	-0.08	-0.03	0.02
Legal Settlements	-	-	-	38.69	-	-
Other Unusual Items	12.14	12.14	19.55	15.53	-1.27	19.15
Pretax Income	501.32	471.16	470.81	501	549.41	492.26
Income Tax Expense	86.8	81.12	80.82	76.05	114.61	101.29
Earnings From Continuing Operations	414.52	390.04	389.99	424.95	434.8	390.97
Minority Interest in Earnings	-36.28	-33.98	-23.32	-32.6	-29.86	-24.27
Net Income	378.24	356.06	366.67	392.35	404.94	366.71
Net Income to Common	378.24	356.06	366.67	392.35	404.94	366.71
Net Income Growth	5.31%	-2.89%	-6.54%	-3.11%	10.42%	10.62%
Shares Outstanding (Basic)	681	681	681	681	699	690
Shares Outstanding (Diluted)	681	681	681	683	704	695
Shares Change (YoY)	-0.02%	0.00%	-0.35%	-2.92%	1.27%	0.95%
EPS (Basic)	0.56	0.52	0.54	0.58	0.58	0.53
EPS (Diluted)	0.56	0.52	0.54	0.57	0.58	0.53
EPS Growth	5.34%	-2.90%	-6.22%	-0.19%	9.04%	9.58%
Free Cash Flow	147.66	-243.59	59.2	-328.52	-11.72	403.85
Free Cash Flow Per Share	0.22	-0.36	0.09	-0.48	-0.02	0.58
Dividend Per Share	0.096	0.096	0.130	0.130	0.180	0.120
Dividend Growth	-26.15%	-26.15%	-	-27.78%	50.00%	-
Gross Margin	29.43%	29.58%	29.01%	26.98%	24.70%	24.75%
Operating Margin	17.98%	17.20%	18.73%	17.22%	17.30%	16.89%
Profit Margin	10.01%	9.70%	9.55%	9.50%	9.88%	8.19%
Free Cash Flow Margin	3.91%	-6.63%	1.54%	-7.96%	-0.29%	9.02%
EBITDA	1,200	1,142	1,188	1,161	1,158	1,201
EBITDA Margin	31.76%	31.08%	30.95%	28.12%	28.24%	26.82%
D&A For EBITDA	520.28	510.05	469.09	449.82	448.6	444.77
EBIT	679.26	631.48	718.61	710.98	709.11	756.03
EBIT Margin	17.98%	17.20%	18.73%	17.22%	17.30%	16.89%
Effective Tax Rate	17.31%	17.22%	17.17%	15.18%	20.86%	20.58%
Revenue as Reported	3,672	3,672	3,837	4,128	4,099	4,477

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